Regional Owner/Operator Acquires Class-A Community
Blueprint facilitated the sale of a Class-A, cash-flowing seniors housing community in Glendale, Arizona. Built in 2015, the 85-unit assisted living and memory care community reflects institutional-quality construction and design, and has benefited from consistently strong occupancy. There was a competitive bidding environment, with nine offers secured. The seller was an institutional joint venture. The asset was ultimately acquired by a well-established regional owner/operator with a portfolio of nearby, directly competing properties. Their local presence and market familiarity are expected to unlock synergies and performance upside. Amy Sitzman and Giancarlo Riso handled the... Read More »
Ziegler Closes Acquisition and Bond Financings
Ziegler announced that it advised on an acquisition loan and closed a bond financing. Ziegler was the capital structure advisor and hedge advisor in the placement of a $52.5 million acquisition loan on behalf of a regional owner/operator. The acquisition financing was used to acquire five independent living communities in Michigan. The portfolio surrounds the Metro-Detroit MSA and has a total of 631 units and 695 beds. Christopher Utz advised and negotiated the transaction for the borrower and placed the loan with Oxford Finance. Ziegler’s Structured Products Practice placed an interest rate cap through a competitive bid process, ultimately executing the cap with Goldman Sachs. Ziegler... Read More »
Omega Beats Estimates
Omega Healthcare Investors released its second quarter results, beating estimates and demonstrating resilience amid the bankruptcy of Genesis Healthcare, one of the largest skilled nursing operators in the country. The REIT reported AFFO of $0.77 per common share, which was above the estimate of $0.75. Revenue also came in higher than expected, totaling $282.5 million as opposed to the projected $240.6 million. Omega completed approximately $527 million in new investments during the quarter, including $502 million in real estate acquisitions. The company purchased 45 facilities in the U.K. and Jersey for £259.8 million (approximately $344.2 million). The facilities were leased to... Read More »
Private Equity Firm Divests Seniors Housing Communities to SNF Company
Senior Living Investment Brokerage’s Vince Viverito, Nick Cacciabando, Jeff Binder and Lucas Doll handled the sale of two seniors housing communities in Oklahoma. The communities are located in Mustang and Oklahoma City, both built in stages from the late-1990s to the late-2000s. They total 135 units of independent living, assisted living and memory care. These were the last seniors housing assets of the Denver-based private equity seller and were struggling with poor performance. The Oklahoma City asset was especially lagging with 52% occupancy (as opposed to 80% for the Mustang property). Given that situation, SLIB strategically decided to leverage an auction process to identify a... Read More »
Joint Venture Recapitalizes Massachusetts Class-A Portfolio
Northbridge Companies and Taurus Investment Holdings recapitalized their portfolio of six Class-A seniors housing communities in the Boston suburbs for $227 million, or $447,700 per unit. The recap comes five years after the joint venture acquired the portfolio for approximately $200 million, or $394,500 per unit, which was Taurus’ first investment in the seniors housing sector. Welltower (NYSE: WELL) was the seller at the time, having been represented by the team at Newmark, which also helped facilitate debt for Northbridge. That same Newmark team represented Northbridge and Taurus in the 2025 recap. Featuring 507 units of independent living, assisted living and memory care, the portfolio... Read More »
Ziegler Places Two Bank Loans for Phorcys Capital Partners
Ziegler served as the capital structure advisor in the placement of two bank loans totaling $21.795 million on behalf of Phorcys Capital Partners. The first financing was used to acquire Superior Residences of Clermont, a not-for-profit assisted living/memory care community in Clermont, Florida that was held and operated through a court-appointed receivership. Built in 2002, the community has a total of 114 units (140 licensed beds), comprised of 74 assisted living and 40 memory care units. The acquisition closed in April 2025, with Ziegler placing the acquisition and capital expenditure loan with Stride Bank. SRI Management is the third-party manager of the community. The second financing... Read More »
Not-For-Profit Secures Refinancing
Ziegler announced the closing of a large bond financing on behalf of Sequoia Living, a California not-for-profit public benefit corporation that serves seniors throughout Northern California. Sequoia, originally known as Northern California Presbyterian Homes, and its related entities own four CCRCs and three affordable housing communities. The CCRCs, the revenues of which are pledged to the payment of the bonds, include The Sequoias Portola Valley, The Sequoias San Francisco, The Sequoias Tamalpais and Viamonte Senior Living. They contain 844 independent living units, 146 assisted living or memory care units, and 112 skilled nursing beds. The bonds totaled $151.555 million issued through... Read More »
Former Petersen Property Finds New Owner
A former Petersen Healthcare seniors housing community sold in Girard, Illinois, thanks to Ryan Saul of Senior Living Investment Brokerage. Built in 2002 and featuring 48 units of independent living and assisted living, the community was 72% occupied but losing more than $100,000 a year on $1.2 million of revenues. The lender had taken control of the property in late 2024 and hired Gardant to manage the community until a sale occurred. Gardant was able to bring occupancy up to 83% and financial performance to breakeven at the time of the sale. A private owner with other multifamily real estate holdings in the area that was looking to get into seniors housing was the buyer, paying... Read More »
Cash-Flowing AL Community Trades Hands in Wisconsin
Connor Doherty and Ryan Kelly of Blueprint advised on the sale of a 92-unit assisted living community located just outside of Milwaukee, Wisconsin. The community’s positive cash flow, well maintained physical plant and established referral base, plus some operational upside, made it an attractive prospect for investors. We believe the asset was Clifden Court, which was acquired in 2017 by the private equity firm SHA Capital Partners for $9.12 million, or $99,100 per unit, according to LevinPro LTC’s M&A database. Built in 1998, with additions in 1999 and 2010, the community also received a $1 million renovation from SHA shortly after the acquisition. It also stabilized operations... Read More »
Investor Grows Through Seven-Property Portfolio Purchase
A large portfolio of senior care facilities traded in Ohio and Kentucky, commanding a strong price, we believe, in the process. Connor Doherty and Ryan Kelly of Blueprint advised on the sale of the 983-bed, seven-property portfolio, which features mostly skilled nursing beds and some assisted living units. At the time of sale, the portfolio was generating strong cash flow and benefitting from recent Medicaid rate increases and private room incentive payments, boosting both current income and long-term value. According to those familiar with the listing, the operating margin may have also topped 12% or 13% and must have generated significant cash flow. The assets are within a 90 minute... Read More »Schedule a demo
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