Two Central Florida Communities Trade
Two assisted living/memory care communities set in between Orlando and Gainesville, Florida, found a new in-state owner. Located about 10 miles apart in Ocala and Belleview, the communities total 83 units and were previously owned by a partnership between a Florida-based capital partner and a regional operator. Both assets are cash-flowing but have upside potential for a new owner. There is also a third asset currently awaiting a HUD assumption and will transition once the approval is complete. Its new owner will be a Florida-based owner/operator, which is acquiring the whole portfolio. Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage handled the transaction. Read More »
Private Equity Firm Acquires Its Fourth Seniors Property
A private equity firm based in La Jolla, California, just purchased a fourth seniors housing property. Bakerson Companies bought Truewood by Merrill, Clovis, a 115-unit assisted living/memory care community in Clovis, an affluent suburb of Fresno, California. The property was an older vintage but showed well. Bakerson will bring in a new operating partner, Calson Management, to operate it going forward under a new name: Saddle Ridge Senior Living, which honors the city’s celebrated Clovis Rodeo and its deep-rooted western heritage. The firm paid all cash for the property, at an attractive per-unit value. Scott Frazier and Brooks Blackmon of Blueprint handled the deal. In a story announcing... Read More »
Hotel Developer Divests Non-Stabilized, Class-A Asset to Sonida Senior Living
Austin Diamond and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap announced their role representing the seller of a 98-unit assisted living/memory care community in Mansfield, Texas (Dallas-Fort Worth area). Sonida Senior Living was the buyer, paying $15.55 million, or $159,200 per unit, which was funded with cash on hand and proceeds from its senior secured revolving credit facility. The Knapp-Stahler Group navigated a challenging renegotiation at the expiration of due diligence, ensuring a favorable outcome and smooth closing for all parties. That is an attractive price, from Sonida’s perspective, for a 2016-vintage, recently-renovated, Class-A property, which Sonida... Read More »
Stabilized Seniors Housing Community Trades Hands
Blueprint handled the sale of an 80-unit assisted living and memory care community in the Syracuse, New York MSA. At the time of marketing, it was generating strong cash flow and had recently benefited from significant renovations, positioning it as stabilized. Connor Doherty, Ryan Kelly, Jacob Gehl and Dillon Rudy handled the transaction. A diverse buyer pool was targeted, including local, regional and national groups. The process generated three competitive offers, ultimately resulting in the selection of a regional owner with an existing footprint. The buyer will retain the incumbent operator. Read More »
Wyoming SNF in UPL Program Refinances
KC Peterson of PM Advisors secured a HUD refinance of a 60-bed skilled nursing facility in Evanston, Wyoming. The refinance, which totaled just under $4 million, was completed through Bedford Lending, a direct HUD lender. Prior to entering the 232 program, the facility had performed necessary capital improvements including adding a large multiday generator. PM Advisors refinanced the entirety of the existing loans and capital improvement debts. The project is the first and only UPL project in Wyoming, with North Big Horn Hospital District as the sublessee operator. HUD has previously approved this legal structure with Indiana, Utah and Texas (with its QIPP program) hospital operators... Read More »
CareTrust REIT’s CFO/Treasurer Plans to Retire
CareTrust REIT announced that William M. Wagner, the company’s Chief Financial Officer and Treasurer, plans to retire in early 2026. Wagner has been with the REIT since its inception in 2014, following its spin-off from The Ensign Group. Derek Bunker, who currently serves as CareTrust’s Senior Vice President of Strategy and Investor Relations, is expected to succeed Wagner as CFO effective January 1, 2026. Bunker has more than a decade of healthcare leadership experience, including as Vice President of Acquisitions and Business Legal Affairs at The Ensign Group, and more recently as Chief Investment Officer and Executive Vice President at The Pennant Group, another Ensign spin-off. ... Read More »
Ownership Group Exits Kentucky with Sale to NY-Based Owner/Operator
Blueprint was engaged in early 2025 by a long-tenured ownership group in the sale of its high-performing skilled nursing and memory care property in Kentucky. The seller is well established with deep roots in the Commonwealth, with this sale marking its final healthcare asset in Kentucky after a 40-year history of operating there. Built in 1949, Wellington Parc of Owensboro holds a four-star CMS rating and comprises 80 beds. Like others in the state, it benefited from Kentucky’s favorable Medicaid reimbursement environment, with strong current per diem rates and scheduled 2025 inflationary increases, as well as additional CMI expansion potential. The marketing process was highly targeted... Read More »
HUD Announces Loan Sale
The U.S. Department of Housing and Urban Development (HUD) has announced Healthcare Loan Sale 2026-1 (HLS 2026-1). On October 22, 2025, HUD will offer eight (8) Secretary-held, non-performing commercial mortgage loans for sale. The portfolio consists of Section 232 vacant healthcare loans with a combined unpaid principal balance of approximately $58 million. Each loan is secured by a first-lien mortgage on healthcare facilities located across Connecticut, Illinois, Maine, Missouri and Minnesota. HUD reserves the right to add or remove loans from the sale at its discretion. For further details regarding the healthcare loans offered in the HLS 2026-1 auction, please visit... Read More »
60 Seconds with Steve Monroe: The Future of Seniors Housing
Five years ago, at the onset of the COVID pandemic, I wrote a long white paper on the future of seniors housing based on what was happening in the Spring of 2020. The future was questionable. Now, five years later, it seems as if nothing has changed, and everything has changed. I had to miss my first Fall NIC in 35 years, but I heard there was a lot of talk about the future and what may happen, and that the “feel” today was much like the post-recession years of 2013 to 2017. Everything looking up, values rising, investors jumping in, sentiment at a recent peak, lenders very competitive, and so on. The only thing missing today compared with back then is the lack of new development. So,... Read More »
Operationally-Challenged CCRC Transitions to Lease Option
Blueprint was engaged to market a 225-unit CCRC in St. Louis, Missouri, that was experiencing operational challenges. The seller, a large owner/operator, was looking to address immediate performance issues and position the asset for long-term stability and value. So, the deal was marketed either as an outright sale or a lease with a purchase option. Following a competitive process, the selected transaction structure was a lease with a purchase option. The incoming operator, a regional owner/operator, brings local market knowledge with an established footprint in Missouri as well as Illinois. Connor Doherty and Ryan Kelly handled the transaction. Read More »Schedule a demo
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