Owner/Operator Exits SNF Sector
An independent owner/operator exited the skilled nursing sector through its divestment of Sunrise Country Manor, which has 80 beds in Milford, Nebraska, and features a mix of private and semi-private units. It maintained an 83% occupancy rate at the time of the sale. A regional operator looking to expand its footprint in Nebraska acquired the facility. After outside financing fell through late in the process, the buyer opted for an all-cash purchase to preserve the exit timeline. Evans Senior Investment handled the deal, highlighting nearly $380,000 in annual revenue growth through enhanced Medicaid reimbursement and Medicare Part B alignment. Additionally, ESI identified more than... Read More »
Assisted Living Providers Join Forces
Majestic Residences recently expanded its footprint, adding 17 assisted living communities and six in active development, through its acquisition of Avendelle Senior Living. Avendelle will be integrated into the Majestic Residences platform, with Avendelle’s corporate team retained. The combined organization will operate under the Majestic Residences’ unified brand, systems and growth strategy. This brings Majestic Residences’ portfolio to 34 senior care assets plus more than 10 in development. Financial terms of the deal were not disclosed. Read More »
Investor Secures Financing and Acquires Class-A Community
BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living. BWE represented the seller, Hunt Midwest. The buyer was a Texas-based healthcare investor, and BWE arranged non-recourse acquisition financing for them through a regional bank. The financing includes a significant potential future earnout. Charley Bissell, Ryan Stoll and Taylor Mokris led the deal, which was structured with a contingency for the procurement of acquisition financing meeting specific leverage,... Read More »
Multiple SNFs Sell in Separate Transactions
A large skilled nursing company sold its 181-bed skilled nursing facility to a private investment firm based in New York, exiting South Carolina in the process. The buyer had an existing skilled nursing footprint, and will be leasing this facility to a regional operator. The building was older, built in the 1980s, and was around 80% occupied at the time of closing. Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties handled the deal, as well as two others in different states. A private equity firm exited Florida through its sale of a 120-bed skilled nursing facility in the Panhandle. The facility was performing well at the time of sale, with occupancy hovering between 85% and 90%.... Read More »
Brookdale’s Operations Improve While NOI and Margins Lag
Following the preliminary results announcement after the January 28 close, Brookdale Senior Living’s stock spiked 11.5% on January 29. Investors cheered the upbeat early numbers, but the mood shifted once the official quarterly and full-year results came out February 18 after the bell. The stock opened nearly 7% below the prior close and dropped more than 10.5% intraday. While a broader market selloff amid geopolitical uncertainty didn’t help, the reaction was primarily earnings-driven. Occupancy improved, but NOI and margins fell quarter-to-quarter, so the question is, are they spending big to fill beds? At year-end 2025, Brookdale’s portfolio comprised 370 owned and 178 leased... Read More »
Morgan Stanley and Foundry Commercial Exit Spring Arbor Portfolio
Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, and Foundry Commercial have completed their exit from the Spring Arbor Senior Living portfolio through the sale of the remaining 11 assets. The seniors housing communities, located in Maryland and Virginia, comprise 795 assisted living and memory care units and were more than 90% occupied in recent years. The buyer, an undisclosed S&P 500 company that is focused on seniors housing, paid $296 million, or $372,300 per unit. JLL Capital Markets handled the sale. In 2022, Morgan Stanley and Foundry Commercial acquired the Spring Arbor portfolio from HHHunt through an off-market... Read More »
Investor Enters Seniors Housing Sector Through Recapitalization
Amy Sitzman and Giancarlo Riso of Blueprint handled the recapitalization of Countryside of Wichita Falls, a 50-unit assisted living community in Wichita Falls, Texas. The asset offered value-add potential through renovations, rebranding and a planned memory care addition. As occupancy began to improve, Blueprint launched a marketing process, which generated multiple strong offers in late 2025. Ownership ultimately chose a recapitalization, bringing in a new entrant to the seniors housing sector as an equity partner. Immediately following closing, the new venture began converting units to memory care and implemented physical and operational updates. Read More »
Public REIT Divests to National Provider
A publicly traded REIT recently completed the wind down of its relationship with an outgoing operator through its sale of a seniors housing community in Wisconsin. Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint handled the deal, targeting local, regional and national investors. A growing national provider was selected as the ultimate buyer. Built in the 1960s and located in West Allis just outside of Milwaukee, the 166-unit assisted living and memory care community was facing some operational challenges. Read More »
Multiple Buyers Acquire Skilled Nursing Beds
Under Ohio’s certificate of need regulations, skilled nursing beds can be transferred from counties deemed over-bedded to those experiencing a shortage. Taking advantage of this window, 12 separate sellers, motivated by downsizing, closures or strategic repositioning, transferred their beds with the help of Senwell Senior Investment Advisors. Ben Bohland and Collin Hempfling aggregated more than 280 beds, facilitating their transfer to multiple buyers looking to expand or develop facilities in under-bedded counties. Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released
The 31st Edition of The Senior Care Acquisition Report has been published and is available to LevinPro LTC andLTC News subscribers now! With M&A at record levels and more buyers and sellers evaluating transactions today, we know how important having timely, accurate and relevant pricing data is in making their investment decisions. That is why we worked hard to get this Report out earlier in the year than ever before, and it was compiled with the largest proprietary dataset we have ever put together, including hundreds of confidential prices, cap rates and operating metrics. Thank you to all of our industry friends who helped us in that effort, because the large sample size allowed us... Read More »Schedule a demo
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