• Standalone Memory Care Community Sells in San Antonio

    by | Feb 10, 2026 3:19 pm | Acquisitions

    Soon after selling a standalone memory care community in Katy, Texas, Blueprint sold another one in San Antonio, Texas, that was built in 2013. The Landing at Stone Oak was originally marketed in late 2023, but the process came to a halt when ownership chose to continue improving operations rather than transact. The operational turnaround was not... Read More »

  • Investor Acquires Full AL/MC Community

    by | Feb 10, 2026 3:18 pm | Acquisitions

    A local private investment group divested its stabilized seniors housing community, Village at Oakwood Assisted Living. Originally built in 2010 with use of multiple layers of tax credits, the building comprises 90 assisted living and memory care units. The high-quality physical plant sits in Oklahoma City, Oklahoma, and was 100% occupied at the... Read More »

  • Joint Venture Expands Its Portfolio

    by | Feb 10, 2026 3:16 pm | Acquisitions

    Foundry Commercial and Fortress Investment Group acquired two seniors housing communities in Central Florida with a combined 180 assisted living and 72 memory care units (a total of 260 beds). This is the joint venture’s second transaction, marking the third and fourth communities added to the joint portfolio. The undisclosed seller was... Read More »

  • California SNF Gets New Operator

    by | Feb 10, 2026 3:14 pm | Acquisitions

    Evans Senior Investments helped the owner of a 120-bed skilled nursing facility find a new operator. The new management company, which has a strong regional footprint, will pay $3.75 million in annual rent to the investor owner, Don Gormly. Built in 2016, the 120-bed facility is Anberry Transitional Care in Merced, California. Its occupancy was... Read More »

  • CCRC Secures Funding for Expansion

    by | Feb 10, 2026 3:13 pm | Developments, Financings

    Ziegler announced the closing of Friendship Village of Kalamazoo’s $103.585 million Series 2026A, B-1, B-2, and B-3 bonds issued through the Economic Development Corporation of the City of Kalamazoo. Lifecare, Inc., doing business as Friendship Village Kalamazoo, is on approximately 72 acres within Kalamazoo, Michigan. The 364-unit CCRC comprises... Read More »
Masonicare Feels The Squeeze

Masonicare Feels The Squeeze

by | Oct 25, 2017 7:01 am | Acquisitions

After 34 years of ownership, Masonicare is selling its large skilled nursing facility in Newtown, Connecticut, citing many of the issues facing small SNF operators today as the reasons for its exit. The Connecticut not-for-profit currently operates a senior living community, a CCRC, a health center and a number of home health agencies throughout the state. But the skilled nursing facility in Newtown, which included 154 SNF beds and 55 assisted living units, had been losing money in recent years caused by declining census, rising patient acuity and tightening reimbursement. Athena Health Care Systems, a Connecticut-based specialty care provider with about 45 skilled nursing facilities in... Read More »

Back to Sims

by | Jul 15, 2016 8:30 am | Financings

A couple of years after purchasing two Rhode Island skilled nursing facilities, Athena Health Care Systems has gone to HUD to refinance the two properties, with the help of HJ Sims. Totaling 280 beds, the skilled nursing facilities combined for an occupancy in the mid-90s. This was not the first time Sims had gotten involved with these facilities. In fact, when Athena acquired them in 2013 and 2014, Sims issued both conventional bank financing and preferred equity to fund the deal. But, the bank debt was scheduled to mature in 2020 and 2021, respectively, and Athena chose to refinance through HUD to take advantage of the current low interest rate environment. So, Sims Mortgage Funding... Read More »