• WesBanco Launches New Healthcare Vertical

    WesBanco Bank recently launched its dedicated healthcare vertical, under the leadership of Suzanne Myers as EVP-Commercial Healthcare Director, and is already off to the races with a handful of senior care transactions closed. The strategic initiative will provide financing across the continuum of care, including seniors housing, skilled nursing,... Read More »
  • LTC Properties Acquires Class-A California Community

    JLL Capital Markets completed the sale of Loma Clara, an 89-licensed-bed, Class-A seniors housing community in Morgan Hill, California. JLL’s Seniors Housing Capital Markets team marketed the property on behalf of the seller, Steadfast Senior Living, and procured the buyer, LTC Properties. The REIT acquired the community within its SHOP segment... Read More »
  • Not-for-Profit Divests Texas Standalone MC Community to Family-Owned Company

    Matthew Alley of Senior Living Investment Brokerage announced another Lone Star State deal, selling a 20-unit memory care community in Sugar Land, Texas. Built in 1998, the community was the only seniors housing asset of a not-for-profit organization, which decided to divest. It was 80% occupied but losing around $30,000 a year on $1.26 million... Read More »
  • Owner/Operator Purchases Vacant Community for Reopening

    Blueprint was engaged to market a 100-unit vacant assisted living community located 10 miles south of Cleveland, Ohio, that had been taken offline following operational challenges. The community sustained profitability during prior operations. Blueprint generated four competitive offers from sophisticated owner/operators with proven capabilities... Read More »
  • Frank Cassidy Officially Nominated as FHA Commissioner

    Frank Cassidy, most recently a Walker & Dunlop senior managing director of Federal Housing Administration (FHA) Finance where he originated loans for multifamily, nursing home and seniors housing properties, has been officially nominated by President Trump as Assistant Secretary of Housing and Federal Housing Commissioner at the HUD. He... Read More »
Blueprint Closes Seniors Housing Sales

Blueprint Closes Seniors Housing Sales

Coming off an incredibly strong 2018 in M&A (particularly on the skilled nursing side), Jacob Gehl and Scott Frazier of Blueprint Healthcare Real Estate Advisors announced an assisted living sale in Northern California. The pair represented the single-asset owner/operator that was based in California but was looking to exit the industry. The 145-bed community in Lodi currently features no memory care, but the incoming owner and operator are looking to change that, in addition to implementing some substantial renovations. Atlantis Senior Living and a Northern California-based operator teamed up to acquire the community for an undisclosed price. Mr. Gehl was also involved in the sale of... Read More »
Here Comes Helios Healthcare Advisors

Here Comes Helios Healthcare Advisors

There’s a new brokerage business on the block, and it’s called Helios Healthcare Advisors. Founded by Bill Janis (formerly of Cambridge Realty Capital Companies) and Mario Wilson (from Blueprint Healthcare Real Estate Advisors), the firm just announced its first transaction, a $6.1 million acquisition financing arranged on behalf of a California-based joint venture. With the debt and equity capital (provided by a private, non-bank lender), a Northern California-based operator and Atlantis Senior Living, based in Orange County, California were able to purchase a 145-bed assisted living community in Joaquin County (Bay Area). In addition to the acquisition financing, Messrs. Janis and Wilson... Read More »