Seller Exits Seniors Space with Sale to Private Equity Group
Senior Living Investment Brokerage’s Brad Goodsell, Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham teamed up to sell Westmont of Brentwood, a 132-unit seniors housing community in Brentwood, California. This was the seller’s only seniors housing asset, and they are exiting the space. Built in 2007, the community features independent living, assisted living and memory care units, with occupancy in the mid-60s. So, there is an opportunity for the new owner, an experienced private equity group with a background in seniors housing, to improve operations and increase value. The buyer will partner with an established West Coast operator that is growing its presence in California.... Read More »
Former Brookdale Asset Sale Sets Record Per-Unit Price in Montana
A standalone independent living community in Great Falls, Montana, just sold for one of the highest per-unit prices in the state. Developed in 1995, The Iris Senior Living was the highest-quality IL building in the area and was consistently fully occupied. It features 60 units and operates at a nearly 40% margin. Even though it is an older building, it is in good condition and commanded a $253,000 per unit price (or $15.2 million in total), at an 8.8% cap rate. The cap rate makes sense given the market and vintage of the asset, and the price is the highest on a per-unit basis in the LevinPro LTC deal database in the state of Montana. Blake Bozett and Spud Batt of The Zett Group... Read More »
Maxwell Group Affiliate Acquires Luxury CCRC
Continuum Advisors announced the sale of Laurel Circle, a luxury 270-unit CCRC on 25 acres in Bridgewater Township, New Jersey. Built in 1996, Laurel Circle offers a full continuum of care with 183 independent living apartments, 19 independent living villas, 30 assisted living units, 10 memory care units and 28 skilled nursing units, plus an additional five acres of undeveloped land for future expansion. A joint venture which included LCS retained Continuum to represent them in the sales transaction. David Kliewer and Jay Jordan led the transaction, which generated strong buyer interest and culminated in the sale to an affiliate of Maxwell Group, Senior Living Communities. Kliewer and... Read More »
Buyer Sees Turnaround Potential in Medicare-Only SNF
Blueprint facilitated the sale of Welbrook Senior Living Farmington, a 50-bed Medicare-only transitional rehab skilled nursing facility in Farmington, New Mexico. Jacob Gehl and Dillon Rudy represented the buyer, a high-net-worth private investor/operator, which took over the facility from a private equity seller. The facility, built in 2018, was a turnaround opportunity, operating at below market occupancy and experiencing an EBITDAR loss on approximately $5 million in revenue at the time of marketing. The buyer was looking to expand their presence in New Mexico and saw significant potential in repositioning the asset, which it intends to do by expanding the facility’s existing licensure... Read More »Sunview Respiratory and Rehabilitation Joins Activity Profiled in LevinPro Database
Sunview Respiratory and Rehabilitation, a Medicare-licensed private skilled nursing facility situated at 12207 N 113th Ave in Youngtown, Arizona, has been linked to a merger or acquisition. The facility was incorporated on October 28, 2009. LevinPro, which tracks mergers and acquisitions across more than a dozen healthcare sectors from hospitals and home health services to medical real estate and biopharma, has featured this transaction involving Sunview Respiratory and Rehabilitation in its comprehensive deal database. This resource is specifically curated for its subscribers, offering them information on the latest developments in healthcare M&A. Throughout its history, LevinPro has... Read More »
LevinPro’s New Valuation Tool
Steve Monroe and Ben Swett sat down for an in-depth demonstration of LevinPro’s brand-new valuation tool, showing off its accuracy and usefulness for valuing seniors housing and skilled nursing properties in today’s M&A market. Read More »
60 Seconds with Swett: Will Q4 Set Records?
Happy fourth quarter everybody, and it should be a record-breaking one with all of the transaction pipelines we are aware of. Of course, deals have to close, and some will inevitably be kicked to Q1. But there is enough optimism among buyers, lenders, operators and certainly the brokers that dealmaking activity should hit new heights in the coming months. We are already at a record-breaking M&A volume in 2025, with a sensational summer culminating in September hitting a 2025 monthly high with 70 deals announced, and counting. Only two other months have ever surpassed 70 deals, and they were in 2024. On an annualized basis, we would hit 840 deals at that level. And based on the... Read More »
SLIB Closes Class-A Deal in Wisconsin
A Class-A seniors housing community in Wisconsin found a new owner thanks to Jason Punzel, Jake Anderson and Ryan Saul of Senior Living Investment Brokerage. Built in the last couple of years, the high-quality asset featured approximately 125 units of independent living, assisted living and memory care. Occupancy was strong above 90%, and financial performance was solid. Its newer vintage attracted significant interest from national, regional and institutional investors, and SLIB procured multiple offers for the seller. A public REIT was disclosed as the selected buyer and will keep the current management company as the operator. It seems like the deal could be a part of LTC Properties’... Read More »
LTC Properties Adds Five Communities to Its SHOP Portfolio
Just days after LTC Properties added two Kentucky assets to its SHOP portfolio through an off-market transaction totaling $40 million, the REIT announced a larger SHOP acquisition involving five seniors housing properties in Wisconsin. The Class-A portfolio features a total of 520 units of independent living, assisted living and memory care. It was stabilized, with an average property age of six years and an expected year-one yield of approximately 7%. Lifespark, a new LTC operating partner, has managed the communities since 2021 and will continue to do so. LTC Properties paid $195 million, or $375,000 per unit, financed through a line of credit, proceeds from previously disclosed property... Read More »
Forbright Bank Announces Several Financings
Forbright Bank had a busy end to the summer, announcing a series of closings for a mix of seniors housing and skilled nursing properties across the country. The largest individual transaction was a $50 million term loan that refinanced the existing debt on three skilled nursing facilities in Florida. Forbright underwrote the bridge-to-HUD loan for a near-term HUD takeout to be facilitated by its HUD team. The bank also provided a $3 million revolver to support the facilities’ working capital needs. Forbright also partnered with HJ Sims to provide a $38 million bridge loan to fund the acquisitions of three skilled nursing facilities in Chicagoland. Forbright financed a few other... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
