Owner/Operator Acquires Its Second Community
Unbridled Living, an owner/operator of independent living, assisted living and memory care communities across the United States, acquired its second seniors housing community, The Reserve at North Dallas. The Class-A community is in Dallas, Texas, with 247 independent living and 26 assisted living units. The building was in good shape, as the previous owner invested in capital improvements, and it was performing well. But there was still upside potential, with Unbridled Living planning to focus on improving operations, specifically dining and overtime, and increasing occupancy. The community will be rebranded as Unbridled Living of Dallas. This is the first investment made... Read More »
Not-For-Profit Sells Distressed SNF to Regional Owner/Operator
A not-for-profit seniors housing provider with a century-long legacy of serving seniors divested an underperforming skilled nursing facility in Marietta, Ohio. The non-core asset no longer aligned with the seller’s strategy. After a confidential marketing process, Connor Doherty, Ryan Kelly and Michael Segal of Blueprint identified a well-established regional owner/operator with a significant presence throughout Ohio to assume ownership and reposition the community. Despite the facility’s distressed performance, the transaction achieved a favorable outcome. Not-For-Profit United Church Homes announced the sale of The Harmar Place Community in Marietta to Foundations Health Solutions,... Read More »
Public REIT Closes Out Multi-Transaction Portfolio Divestment
Blueprint advised a public REIT on the sale of a portfolio of skilled nursing facilities across California, Florida and Virginia. The transactions were trifurcated by state, with the final closing in California. This SNF serves San Bernardino County, which has significant barriers to new development. At the time of marketing, the facility was approximately 90% occupied, generating more than $25 million in total revenue ($505 per-patient-day). Notably, it is the state’s only licensed SNF with a 50-bed specialty unit offering both dialysis and ventilator care. It was built in 1990. The facility maintains strong affiliations with Kaiser Permanente, California’s largest health system,... Read More »
Owner/Operator Acquires Revived Assisted Living Community
Helios Healthcare Advisors represented Investcor in its divestment of an assisted living community that it acquired in 2019. The community had sat vacant after its closure in 2007 until Investcor’s purchase. Post-acquisition, the company invested more than $8 million in renovations, with the building reopening in 2020. Fairhaven Denton Assisted Living is in Denton, Texas, on 3.3 acres. Fairhaven was originally envisioned by the Denton Business & Professional Women’s Club in the mid-1950’s and designed by Texas architect O’Neil Ford. The community began providing senior care services in 1965. Operating for over 40 years, the asset eventually fell into disrepair and struggled with... Read More »
VIUM’s Slew of Financings
We have written about the uptick of liquidity in the seniors housing and care market, and the willingness among lenders to write bigger and bigger checks to finance larger portfolios. Well, VIUM Capital just announced a slew of financings totaling more than $180 million for four senior care portfolios. The largest was arranged for three skilled nursing facilities totaling 357 beds in Florida. Sponsorship had acquired the facilities in September 2022 and had since materially improved operations through increased occupancy, RUG optimization and limited contract nursing. Occupancy ranged between 87% and 92% as of August 2025. A bridge loan provided by VIUM Capital via Merchants Bank of... Read More »
Two Not-For-Profits Close Separate Bond Issues
Ziegler closed an $80.0 million tax-exempt fixed-rate bond issue for Brazos Presbyterian Homes (BPH). The Series 2025 bonds were issued through the New Hope Cultural Education Facilities Finance Authority. BPH owns and operates three continuing care retirement communities in Texas. Brazos Towers at Bayou Manor, which opened in 1963, sits on a seven-acre campus between Meyerland and West University, two neighborhoods in Houston, Texas. The Hallmark was acquired by BPH in 1972 and comprises five acres in the heart of the Galleria neighborhood of Houston. Longhorn Village opened in 2009 and was acquired by BPH in 2018. It is on 55 acres within the planned development known as “Steiner Ranch”... Read More »
Eight Wisconsin Senior Care Assets Sell in Four Deals
Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The owner/operator seller, a repeat client that was exiting to shift its focus to other strategic pursuits, owned the campuses for more than 10 years. The assets sat in a tertiary market with 52 units and 55 beds. They were built in the late-1990s to early-2000s and delivered strong NOI. Performance has historically fluctuated with census, and they faced... Read More »
Public REIT Offloads SNFs Following Lease Non-Renewal
Blueprint started the fourth quarter well after selling a portfolio of skilled nursing facilities in Florida, California and Virginia, on behalf of a public REIT. The existing tenant elected not to renew its master lease, prompting the portfolio divesture. The first closing was completed in Florida for two high-quality SNFs. The two facilities are situated along the Gulf Coast and were built in 2008 and 1988. At the time of marketing, the near-stabilized facilities were both well occupied with attractive quality payor mixes, further supported by the state-implemented Medicaid reimbursement rate increases effective October 2024. Marketing efforts yielded 12 highly competitive offers from... Read More »
Senior Care Owner/Operator Acquires AL Community
Dan Mahoney and Dillon Rudy of Blueprint were engaged by a Louisiana-based not-for-profit owner/operator to market a 40-unit assisted living community in the Inland Northwest region of Idaho. The property maintained a steady resident base and in-place HUD financing. The organization was divesting because the asset no longer geographically aligned with its broader mission and operational footprint. The marketing campaign focused on finding regional and national buyers that would be capable of continuing to fulfill the seller’s mission and the community’s reputation. Blueprint identified a leading owner and operator of seniors housing, assisted living, and home health & hospice... Read More »
Developer Divests to Capital Group
A Class-A seniors housing community near Wichita, Kansas, found a new owner thanks to Evans Senior Investments. The seller developed the community in 2014 and has operated it since then. There are 101 units of independent living, assisted living and memory care. Occupancy was consistent around 90%, and the operating margin was in the high-20s, which could be improved considering the share of IL units. That is the sort of ideal acquisition candidate we have seen generate substantial interest from buyers in today’s market. In the end, a rapidly growing capital group partnered with a regional operator aggressively looking to grow their portfolio in the region to acquire the property.... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
