60 Seconds with Steve Monroe: Brookdale Senior Living and SWAT
Brookdale Senior Living announced it had recently formed SWAT teams to deal with its lowest-occupancy buildings to try to get them over the 80% hump, and there are a lot of them. Since then, the term SWAT team has been appearing more and more with other providers. SWAT is a scary term, and stands for Special Weapons and Tactics, and in law enforcement is used to deal with barricaded persons, active shooting scenes and high-risk search warrants. Not exactly something we want to be associated with trying to get customers into senior living. But I understand the intent. The other frequently used term is the “silver tsunami” about to hit us. Again, a tsunami is extremely destructive,... Read More »
SLIB Sells High-Quality SNFs in Georgia
Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage handled the sale of two large skilled nursing facilities in the Atlanta, Georgia MSA. Totaling 439 licensed beds, the facilities are set in prime suburban markets on valuable real estate. Additionally, there was limited competition in their markets. As a result, the 1970s-vintage facilities were operating at a strong profit margin and sold for well above $100,000 per operational bed. There is some room for improvement operationally, as well. A Northeast-based owner sold to another Northeast owner/operator with a large portfolio, largely throughout the Southeast. Read More »
Invesque Shifts Focus to Senior Care Sales
Invesque reported its first quarter earnings, highlighting a few M&A updates. Back in the first quarter of 2024, the company had announced it entered into purchase and sale agreements for three investment properties in New York, expecting to close on the sale transactions in the first six months of 2025. A sale involving one of the properties closed in April 2025 for $25.1 million. Sale proceeds in excess of closing costs were used to pay down the mortgage associated with the property ($18.2 million principal balance) and the residual (approximately $7.3 million) was retained by the company for working capital purposes. In the second quarter of 2024, Invesque executed purchase and sale... Read More »
Turnkey RCAC Sale Closes in Wisconsin
Chad Wegner of Senior Care Realty handled an RCAC sale in Northwest Wisconsin. The community is under two hours from the Minneapolis, Minnesota MSA, with strong occupancy and all private pay residents. It was “turnkey” and profitable at the time of sale. The deal, which closed in May at 104% of the asking price, was based on a 2024 cap rate of 12%. Traditions Assisted Living had been the owner/operator for over 15 years, and the buyer was a repeat client of Senior Care Realty that is expanding its portfolio in Wisconsin. Read More »
Mississippi Seniors Housing Portfolio Secures Refinancing
Steven Muth and Andrew Lanzaro of Berkadia recently completed the refinancing of a four-property seniors housing portfolio in Mississippi for a Southeast-based owner/operator, which is a first-time Berkadia client. Proceeds of the $14 million HUD loan paid off bank debt and partnership debt from a previous addition funded by the sponsor. The two properties were built in 1998 with additions in 2003 and 2013. All four loans have 35-year fully amortizing terms. Read More »Westminster Point Pleasant Bradenton: A Featured Deal in LevinPro M&A Database
Westminster Point Pleasant Bradenton 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 1533 4th Ave W in Bradenton, Florida. 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 Westminster Point Pleasant Bradenton 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... Read More »
Blueprint Closes Three Two-Property Deals
Blueprint has been active, announcing three separate deals involving six separate assets over the last few days. First, Jacob Gehl and Dillon Rudy facilitated the sale of two seniors housing communities in densely populated, urban submarkets on Chicago’s North and South Side. The seller was a nationally recognized institutional private equity firm, and the properties were managed by Senior Lifestyle. Built in 2006 and 2007, the communities total 252 independent living (majority), assisted living and affordable seniors units. Both communities were profitable but not stabilized at the time of sale, with one asset 90% occupied and the other 70%. Originally developed to accommodate both... Read More »
Dwight Mortgage Trust Finances Bridge Loan
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, financed an $80 million bridge loan to facilitate the acquisition of a five-property skilled nursing portfolio located throughout central Florida. These facilities comprise a total of 518 beds and were 88% occupied. In conjunction with the 30-month bridge loan (which has a six-month extension option), Dwight Healthcare Funding provided a $12 million working capital line of credit to support the portfolio’s ongoing operational needs. This transaction was originated by Josh Sturm, Managing Director of Senior Housing and Healthcare. Read More »
Heritage Pointe Acquires Ohio CCRC
A long-term family owner/operator of a CCRC in Maumee, Ohio, decided to sell their only asset, but only to the right buyer. Ben Bohland and Collin Hempfling of Senwell Senior Investment Advisors handled the process (which also involved multiple advisors, attorneys and banking partners), which saw an active bidding environment and eight total offers. The seller, who was entering retirement, was determined to find a buyer with similar values committed to preserving the campus’ reputation and culture of care. Established in 1949, Elizabeth Scott Community had been in the seller’s family for 75 years. It spans 51 acres and offers 60 skilled nursing beds, 47 independent living/assisted... Read More »
Institutional Buyer Acquires in the Tampa MSA
The Knapp-Stahler Group of Institutional Property Advisors sold a seniors housing asset on behalf of an institutional investor. Located in the Tampa, Florida MSA, the community has 132 units of assisted living and memory care and demonstrated strong operational performance. It appears to be American House Zephyrhills, which was built around 2009. The marketing process generated strong interest from investors. Ultimately, an institutional buyer acquired the asset and retained the existing management team ensuring continuity for residents and staff. Justin Knapp and Nick Stahler handled the transaction. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
