Blueprint Closes Two Texas Portfolio Transactions
During the NIC Fall conference in Austin, Blueprint announced a couple of portfolio transactions in Texas. First, Amy Sitzman and Giancarlo Riso facilitated the sale of five skilled nursing facilities located throughout the Texas Hill Country and Houston. All five facilities are within four hours of each other, offering scale and operational efficiencies. The portfolio features 469 beds and has a diverse payor mix with a strong track record of financial performance. The facilities were generating over $2.2 million of in-place cash flow, with portfolio-wide occupancy at 71% and trending upward at the time of marketing, so there is room for an incoming investor to reduce expenses and... Read More »
SLIB Handles Minnesota Receivership Sale
A senior care campus in Pine Island, Minnesota, with some operational issues in the past has found a new owner thanks to Jake Anderson, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage. Set on 6.8 acres, the campus includes Pine Haven with 70 skilled nursing beds and Evergreen featuring 24 assisted living units. Pine Haven was built in stages over the years, starting in the mid-1960s, while the AL portion was added in 1995. In 2022, the Minnesota Department of Health stepped in after the nursing facility failed to pay its employees wages, healthcare insurance and other vendor fees. The receivership began in June 2022, and the MDH kept the campus operating until a sale... Read More »
PACS CFO Resigns
PACS Group saw another potential setback to its public image, announcing that its CFO Derick Apt resigned on September 2 after it was determined that he had accepted a series of high-value items from individuals associated with a group of related entities with which PACS does business. The company was in the middle of its previously disclosed investigation into Medicare billing discrepancies in mid-July 2025 when the Audit Committee of the company’s board of directors became aware of the allegations against Apt. Based upon the results of an immediate investigation that was launched, the Committee made interim findings that Apt’s receipt of these items of value violated company... Read More »
Publicly Traded REIT Acquires in Austin
Not far from the NIC venue in Austin, Berkadia closed the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living community located in an Austin suburb. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano closed the deal on behalf of Bridgewood Property Company, a Houston-based developer, owner and operator and the original developer of the community. Bridgewood’s wholly owned management company, The Aspenwood Company, will continue managing the property for its new owner, a publicly traded REIT. We hope a bottle of champagne was popped this week at NIC. Opened in 2016, Village on the Park Onion Creek is located in South Austin and boasts consistently... Read More »
Long-Term Owner/Operator Divests in Rural Utah
Evans Senior Investments facilitated the sale of Heirloom Inn, a 67-unit assisted living community in Price, Utah. The seller, which developed the community over 20 years ago, was independent owner/operator Shauna O’Brien. At the time of sale, the property was performing well albeit with opportunities for expense management and revenue growth. There was strong interest from buyers due to the limited supply of assisted living communities in the surrounding market, with a regional operator that offers scale being a good fit for the asset. The three-week competitive marketing process resulted in ESI ultimately identifying a buyer aligned with the seller’s long-term objectives. The transaction... Read More »
Sunrise Senior Living Development Secures Bond Financing
JLL Capital Markets and HJ Sims collectively closed $80.07 million in tax-exempt bond financing for a new Sunrise Senior Living community in Long Beach, California, Sunrise of Long Beach. On behalf of Quality Senior Housing Foundation, Inc. and Sunrise Senior Living, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A. The two-story, 78,227-square-foot community will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include studio layouts with... Read More »Crestwood Rehabilitation Center in LevinPro Database
Crestwood Rehabilitation 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 14255 Cicero Ave in Crestwood, Illinois. 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 Crestwood Rehabilitation 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 on subscription options,... Read More »Ignite Medical Resort Dyer LLC’s Merger in LevinPro Database
Ignite Medical Resort Dyer 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 1532 Calumet Ave in Dyer, 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 Ignite Medical Resort Dyer 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 information on subscription options, go to... Read More »
LCS and Vi To Merge
LCS and Vi announced a strategic merger, adding Vi’s 10 communities and 4,000 residents to the LCS portfolio of more than 130 communities. Vi has entrance-fee CCRCs in Florida (3), Arizona (2), California (2), Colorado, Illinois and South Carolina. Depending on regulatory approvals, the merger is expected to close in mid-2026, with both companies continuing to operate independently until that point. Vi is the rebranded Classic Residence by Hyatt portfolio, which was founded by Penny Pritzker in the 1980s. Meanwhile, LCS was founded in 1971 by Fred Weitz. Read More »
Kiser’s Myers Announces Closings
Mark Myers has had an active year since leaving Walker & Dunlop in January 2025 to go to SVN before exiting that shop in May to co-create a seniors housing brokerage platform with Kiser Group. But a few deals that he worked on with his previous teams have also recently closed. The largest was the sale of Sarah Neuman, a 301-bed skilled nursing facility in Mamaroneck, New York, that was owned by The New Jewish Home (NJH). Despite negative EBITDA, the high-end, well-located facility sold for $76 million, or $252,500 per bed. The private buyer has significant SNF holdings across the country and showed considerable patience as it took over three years for the state to issue the... Read More »Schedule a demo
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