Mason Pointe Care Center Involved in M&A Activity Documented in LevinPro Database
Mason Pointe Care Center has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a not-for-profit skilled nursing facility situated at 13190 South Outer 40 Rd in Chesterfield, Missouri. It was incorporated on March 23, 1863. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Mason Pointe Care Center in its deal database, which is available to subscribers. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for... Read More »
Zett Group Closes Full-Circle Transaction
We do not see deals like this often. In a full circle transaction, Blake Bozett and Spud Batt of The Zett Group sold a large seniors housing community in Eugene, Oregon, to a Salem, Oregon-based group in partnership with a new operator through a pre-established JV structure. Bozett represented his grandparents, Ron and Joyce Knutson, a pioneering couple who first got involved in the seniors housing space in the 1970s in the Pacific Northwest. The Eugene property was one of two communities left in the family’s hands, with the other in Spokane, Washington. Built in 1979 by the Knutsons, Churchill Estates features 241 units of independent living, assisted living and memory care, one of the... Read More »
Brookdale Misses Revenue Targets, Again
Brookdale Senior Living continues to slap investors and analysts around, missing consensus revenue targets for the fourth quarter in a row. We know, never rely on “consensus” anything, but the company seems to always disappoint, even now when everything should be rallying. Investors did not like what they heard and sent shares tumbling by 10% in early trading, with some recovery later in the morning. It was not all bad news, of course. Occupancy continues to rise, with weighted average occupancy over 80% in the second quarter, a key benchmark, and same-community occupancy rose to 80.7% in the second quarter, up 190 basis points year over year and up 70 basis points sequentially.... Read More »
Owner/Operator Divests to Private Fund in Florida
Bradley Clousing, Daniel Geraghty and Ryan Saul of Senior Living Investment Brokerage were engaged by a Southeast owner/operator in its divestment of two seniors housing communities that sit a few blocks apart in Wilton Manors, Florida. The buildings total 159 independent living and assisted living units, and were cash flow negative when the seller acquired them in late-2022. Post-acquisition, the owner/operator completed extensive renovations, and then the operator, Golden Bell Senior Living, was brought on to rebuild census and significantly improve operating performance at both of the communities. The buyer, a South Florida-based private fund, will keep Golden Bell on as the operator.... Read More »
GEM Realty Capital Expands Its Active Adult Portfolio
The CBRE Capital Markets Houston Multifamily Group and CBRE National Senior Housing handled the sale of an active adult community in Houston, Texas. Built in two phases in 2006 and 2012, Elate Royal Oaks, previously known as Camden Royal Oaks, consists of 340 units (236 were built in Phase 1, and 104 were built in Phase II). Clint Duncan, Matt Phillips, Jock Naponic, Nolan Mainguy and Philip Kerr of the Multifamily Group, as well as Aron Will and John Sweeny on the seniors housing side, represented the seller. CBRE National Senior Housing also acted as the advisor in securing acquisition financing on behalf of the buyer through its Debt & Structured Finance team. Aron Will and Michael... Read More »
New Venture Secures Acquisition Financing and Purchases Active Adult Community
Newmark arranged the sale and financing for a seniors housing community in Huntington Beach, California. The seller, Bascom Group, was represented by Newmark Vice Chairman Dean Zander, who worked on the deal with Voit Real Estate Services’ Joe Leon and Nick Ingle. Huntington Breeze is a 114-unit, 103,000-square-foot active adult community that was built in 1987 and renovated in 2017. Newmark Executive Managing Directors Vincent Punzi and Lowell Takahashi facilitated acquisition financing on behalf of the buyer, WSW Property Ventures, a new venture headed by Steve Wasserman, Pamela Scott and George Wu. WSW plans to unlock additional value through strategic initiatives, including the... Read More »
BWE Arranges Bond Financing for California IL/AL/MC Community
Ryan Stoll and Taylor Mokris of BWE arranged $65 million in bond financing for Ivy Park at Milpitas, a seniors housing community with 199 independent living, assisted living and memory care units in Milpitas, California. The financing was secured on behalf of a joint venture between Blue Mountain Enterprises and SRM Development. Oakmont Management Group is managing the property. The loan was structured as a 15-year bond issuance, credit-enhanced by a letter of credit from Poppy Bank, and features five years of interest-only payments along with a favorable covenant structure. The financing provides the sponsor with enhanced flexibility and a long-term runway to complete lease-up and drive... Read More »Aperion Care Arbors Michigan City in LevinPro Database
Aperion Care Arbors Michigan City has been linked to a merger or acquisition in the LevinPro M&A deal database. The medicare-licensed facility is a not-for-profit skilled nursing facility situated at 1101 E Coolspring Ave in Michigan City, Indiana. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Aperion Care Arbors Michigan City in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for information on... Read More »Autumn Breeze Health and Rehab Featured in LevinPro M&A Deal Database
Autumn Breeze Health and Rehab has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 1480 Sandtown Rd SW in Marietta, Georgia. It was incorporated on January 29, 2015. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Autumn Breeze Health and Rehab in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or... Read More »Brookside Multicare Nursing Center Highlighted in LevinPro’s M&A Database
Brookside Multicare Nursing Center has been linked to a merger or acquisition according to the LevinPro M&A deal database. This Medicare-licensed facility is a private skilled nursing facility situated at 7 Route 25A in Smithtown, New York. The center was incorporated on August 23, 2016. LevinPro, renowned for tracking M&A activity across over a dozen healthcare sectors—ranging from hospitals and home health to medical real estate and biopharma—has profiled the transaction involving Brookside Multicare Nursing Center in its comprehensive deal database, accessible to subscribers here. LevinPro’s robust tracking has documented thousands of deals in the skilled nursing facility... Read More »Schedule a demo
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