• Janus Living Goes Public After Upsizing IPO

    Janus Living, a Healthpeak Properties-formed REIT and now the only publicly traded U.S. REIT fully dedicated to seniors housing with its entire portfolio structured under RIDEA, has launched its initial public offering of Class A-1 common stock. The company is now listed on the NYSE under the ticker “JAN.” It plans to pay a quarterly dividend of... Read More »
  • Partnership Acquires Two Long Island Communities

    Two Long Island assisted living communities were sold by their original developer/operator. Village Green Senior Living in Levittown (opened in 2020) and Village Walk Senior Living (opened in 2018) in Patchogue were acquired by a partnership between Fundamental Advisors, Scribner Capital and Atria Senior Living. They will be renamed Atria... Read More »
  • Artemis Real Estate Partners Purchases Class-A Community

    The developer of a Class-A seniors housing community in the Minneapolis, Minnesota MSA, has passed the torch to a new owner. Pillars of Lakeville, now known as The Crest at Lakeville, sits on 1.8 acres. Oppidan Investment Co., a company that developed multiple Pillars senior living properties in Minnesota, acquired the land from Crossroads... Read More »
  • Stand-Alone Memory Care Community Gets New Owner

    1031 CF Properties, a leading DST investor, acquired a stand-alone memory care community in the Spokane, Washington MSA. Built in 2005 with expansions in 2007 and 2013, Generations Memory Care offers 48 private units with 28,472 square feet on 2.067 acres. The seller was an investment group based in northern California that purchased the asset in... Read More »
  • Not-for-Profit Closes First Public Bond Issue in 20+ Years

    Ziegler announced the closing of a $30.0 million tax-exempt fixed rate bond issue for Butterfield Trail Village, Inc. (BTV). The Series 2026 bonds were issued through The Fayetteville Public Facilities Board. BTV is a not-for-profit corporation founded by five local churches in 1981 to own and operate a continuing care retirement community on... Read More »

The Oaks Healthcare Involved in Merger or Acquisition Activity in LevinPro Database

The Oaks Healthcare, LLC 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 151 Lovely Cir in Orangeburg, South Carolina. It was incorporated on October 15, 2019. 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 The Oaks Healthcare, LLC 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... Read More »

The Laurels of Willow Creek in the LevinPro Database

The Laurels of Willow Creek has been linked to a merger or acquisition as recorded in the LevinPro M&A deal database. This Medicare-licensed facility is a private skilled nursing facility situated at 11611 Robious Rd in Midlothian, Virginia. It was officially incorporated on March 13, 1992. LevinPro, renowned for tracking M&A activity across a wide spectrum of healthcare sectors, from hospitals and home health services to medical real estate and biopharma, has profiled the transaction involving The Laurels of Willow Creek in its comprehensive deal database. This resource is readily accessible to subscribers here. Throughout its extensive history, LevinPro has meticulously tracked... Read More »

Nottingham Residential Health Care Facility Involved in M&A Activity in LevinPro Database

The Nottingham Residential Health Care Facility 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 1305 Nottingham Rd in Jamesville, New York. It was incorporated on October 29, 1996. 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 The Nottingham Residential Health Care Facility in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its... Read More »

Victoria Care Center Linked to Merger or Acquisition in LevinPro Database

Victoria Care Center 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 5445 Evereglades Street in Ventura, California. It was incorporated on October 24, 2003. 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 Victoria Care Center 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... Read More »

Somerfield at the Heritage Linked to Merger or Acquisition in LevinPro Database

Somerfield at the Heritage 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 900 Heritage Way in Brentwood, Tennessee. It was incorporated on October 30, 2002. 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 Somerfield at the Heritage 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... Read More »

The Heights of Summerlin Tied to M&A Activity in LevinPro Database

The Heights of Summerlin 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 10550 Park Run Drive in Las Vegas, Nevada. It was incorporated on June 13, 2004. 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 The Heights of Summerlin 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... Read More »

Tabitha Nursing Home’s Potential Merger or Acquisition Featured in LevinPro Database

Tabitha Nursing Home 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 4720 Randolph St in Lincoln, Nebraska. 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 Tabitha Nursing Home 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 subscription options, go to... Read More »
60 Seconds with Swett: Getting Realistic with New Development

60 Seconds with Swett: Getting Realistic with New Development

The positive mood at the NIC Fall Conference was contagious, as dealmakers were looking forward to a potential record-breaking fourth quarter. We at LevinPro are also gearing up to cover a new elevated level of M&A activity and pricing in the coming months, with our updated valuation tool better accounting for today’s market and the estimated prices for higher-quality, better-performing properties. But one disappointment from the conference may have been the conversation surrounding new development, particularly building for the middle market. We don’t fault anyone for being constrained by the simple math of the cost to build and the rents needed to cover those costs. If anything, the... Read More »
NHC Responds to NHI

NHC Responds to NHI

National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of Default.   NHI notified NHC on July 29 that it was not in compliance with four non-monetary provisions of the master lease and requested it come into compliance by August 29. On August 15, the tenant responded to the landlord stating it believes it was in compliance and requests clarifying information to address alleged potential... Read More »
REIT Acquires High-Quality Continuum of Care Community

REIT Acquires High-Quality Continuum of Care Community

Blueprint facilitated the sale of a Class-A seniors housing community in Jasper, Georgia. Built in 2022, The Lodge at Stephens Lake includes 83 units of independent living cottages, assisted living and memory care. It is adjacent to a large active adult development and benefits from significant planned residential and commercial growth. At the time of launch, the community was approaching 95% occupancy and generating annualized revenue of $4.7 million with EBITDAR margins of 30%+.  Engaged by the original developer, Blueprint launched a 30-day marketing campaign that generated multiple initial round offers from both public and private investors. Following a competitive final round... Read More »
Legend Senior Living Adds Allentown-Area Asset

Legend Senior Living Adds Allentown-Area Asset

A Class-A, well performing property outside of Allentown, Pennsylvania, traded to a joint venture between Legend Senior Living and a new capital partner. Alex Florea and Kevin Lukehart of Blueprint handled the transaction. Legend had been operating The Vero at Bethlehem, which opened in July 2023 and stabilized within 18 months. At the time of marketing, the 124-unit assisted living/memory care asset achieved industry-leading occupancy and margins, which we would guess were in the high-90s and high-30s range, respectively.  The builder of the project, KBE Building Corporation, listed Columbia Pacific Advisors as the developer. Given the community’s outstanding performance and trajectory,... Read More »