Kaplan Development Divests to Cedarwood Group
Cedarwood Group closed its acquisition of Saranac Village at Will Rogers, a 75-unit independent living community in Saranac Lake, New York. The seller was Kaplan Development Group, which took over Will Rogers after the first year of it being open as a senior living community. The community was originally built in 1928 as a Tudor-style tuberculosis sanatorium and converted to seniors housing in the late-1990s. Rents start at $1,600 a month with full financial aid, go to $2,250 without financial aid for its smallest units, and up to three-bedroom, two-bath units at $5,900 a month. Cedarwood Group is a boutique investment firm with a broad range of asset ownership across multiple sectors,... Read More »
Omega Welcomes New CEO and CFO
Omega Healthcare Investors, Inc.’s President, Matthew Gourmand will become the REIT’s Chief Executive Officer in conjunction with the planned retirement of Taylor Pickett, effective October 1, 2026. Pickett will also step down from the Board of Directors upon his retirement, and the Board of Directors intends to appoint Gourmand to the Board, effective on that date. The company’s Chief Financial Officer, Bob Stephenson, is also retiring, effective August 1, 2026, with Neal Ballew, Omega’s Chief Accounting Officer of six years, succeeding Stephenson. Pickett has been Omega’s CEO for 25 years, and during that time, Omega achieved a total shareholder return of more than 10,000%, the... Read More »
Value-Add AL/MC Community Trades
An institutional owner decided to divest a non-core asset, and engaged Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage to run the sale process. The asset is located in Hillsboro, Oregon (Portland MSA), and features 36 assisted living and memory care units, with 62 licensed beds. It was built in 2002 and 83% occupied at the time of marketing. SLIB sourced a regional mom & pop owner/operator expanding their portfolio in Oregon as the buyer, for an undisclosed price. The buyer will execute a capital improvement plan and will increase the licensed memory care bed count. Read More »
Brookdale Divests California Community to Public REIT
Blueprint was engaged by an institutional, national owner/operator in the strategic disposition of a large rental CCRC in Bakersfield, California. The 20-acre campus was developed in 1999 and provides the whole continuum of care, including independent living, assisted living, memory care and skilled nursing across three large buildings and several IL villas. It also underwent several updates and upgrades over the years. Occupancy was approaching stabilized levels during the marketing process, and the campus operated efficiently and produced positively trending cash flow. Based on the community’s description, it appears to be Bayshire Riverwalk Senior Living and was previously owned... Read More »
Two Midwest Assets Trade
A couple of seniors housing communities traded in the Midwest, selling to a couple of growing owner/operators. First, in the Indianapolis area, The Kiser Group’s Mark Myers and SVN | Senior Living Advisors’ John Klement led the sale of a 157-unit seniors housing community featuring a mix of independent living, assisted living and memory care services, with 164 licensed beds. The community was built around 15 years ago and was producing positive cash flow. A regional owner/operator seeking to expand its footprint throughout the Midwest ultimately bought the asset for an undisclosed price. Myers then sold an 80-unit assisted living community in central Illinois for $23 million, or $287,000... Read More »
Assisted Living Portfolio Closes in Wisconsin
Bob Richards of Senior Care Realty recently completed the sale of a five-property assisted living portfolio in Wisconsin, closing the deal in multiple tranches. Richards had worked with the seller, AC Capital, for 15 years, helping them grow their portfolio over the years. AC Capital also has self-managed the communities for the last decade. Now, the investor group wished to exit the industry altogether. The first group of properties sold in the second half of 2025, featuring a 15-bed assisted living community south of Madison, a nine-unit CBRF in Milwaukee and the real estate of a 22-bed assisted living campus in Neenah. All operated well, with occupancy in the low-90s. The two larger... Read More »60 Seconds with Swett: Here We Go Again
AARP just published a report on assisted living, and all I can say is, here we go again. It concludes that “the state of assisted living today is cause for concern for many stakeholders. The lack of national federal standards for care centers creates an underregulated space.” It continues on, stating that the “absence of national oversight, standards, and definitions results in a patchwork of inconsistent state policies forming the national landscape of assisted living.” The report also mentions that affordability is a growing problem, and we could not agree more. However, as we saw in the nursing home industry, when you start to over-regulate, with national staffing standards and rules,... Read More »
Two Seniors Housing Sales Close
Senior Living Investment Brokerage is continuing on its hot streak this month, closing two additional deals in Alabama and Florida. In the Alabama transaction, Dan Geraghty and Brad Clousing represented a large national owner/operator that was resizing its portfolio to concentrate on its core market. So, the company divested an assisted living/memory care community that is situated on six acres with 128,706 square feet in the Birmingham MSA. The asset was built in 1998 and underwent an extensive remodel in 2016. It presents well, and comprises 85 AL and 22 MC units. The marketing process attracted strong buyer interest and multiple qualified offers, with a buyer new to seniors housing... Read More »
Selectis Health Exits Georgia
Selectis Health, Inc. has completed its exit from Georgia with the help of Michael Segal and Daniel Waldhorn of Blueprint. In the beginning of the year, Selectis Health divested Providence of Sparta Health and Rehab and Warrenton Health and Rehab to Journey, also with the help of Segal and Waldhorn (more on that deal can be found here). The company again engaged Blueprint to handle the sale of its remaining two skilled nursing facilities in central Georgia. The two assets, Glen Eagle Healthcare and Rehab and Eastman Healthcare & Rehab, sit less than 30 miles apart in Abbeville and Eastman and total 201 beds. The buildings were initially constructed around 1960, but were recently... Read More »
Joint Venture Divests Third Class-A Asset
Caddis Partners and Singerman Real Estate have divested another seniors housing community, Heartis Fayetteville. This comes shortly after the joint venture’s sale of Heartis Venice and Heartis Longview. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare represented the seller in all three transactions. Heartis Fayetteville is a 167-unit, Class-A asset in the Atlanta, Georgia MSA, that offers independent living, assisted living and memory care services. The marketing process was highly competitive, with Capitol Seniors Housing selected as the ultimate buyer. The company will rebrand the community as Village Park Fayetteville and bring... Read More »Schedule a demo
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