• Brookdale’s Uneven Recovery

    Brookdale Senior Living has been going through some major changes in the last year, so naturally its recovery could be a little uneven, with the hope of more long-term growth and stability. They have a new CEO, COO and a new operational structure, in addition to exiting more than 100 communities in the last year. But the mixed bag of results can... Read More »
  • Two Public REITs Continue Their SHOP Push

    Two public REITs honing in on the seniors housing sphere have announced their first quarter earnings results. LTC Properties reiterated its commitment to seniors housing again, and Janus Living, Healthpeak Properties’ spin-off REIT that debuted in the public markets in March, is already showing momentum. First, after completing seniors housing... Read More »
  • Tennessee Assisted Living Community Sells

    Andrew Montgomery of Montgomery Intermediary Group recently sold an assisted living community in eastern Tennessee. Built in the late 1990s, the building featured more than 40 units, plus some houses on its campus. There was some additional acreage, as well. It was sold by one out-of-state owner to another, but the buyer has another assisted... Read More »
  • SNF Portfolio Trades Following Strong Bidding Environment

    A regional operator looking to recycle capital divested a portfolio of four skilled nursing facilities in Florida. There were a total of 460 functional beds, and they were spread across Rockledge, Naples, Venice and Sarasota. Evans Senior Investments handled the deal.  The portfolio generated approximately $46 million in total annualized... Read More »
  • Class-A Seniors Housing Community Receives Agency Financing

    BWE closed $77 million in fixed-rate, Fannie Mae financing for a Class-A seniors housing community in a major Midwest MSA. The 10-year loan features a full term of interest-only payments. Ryan Stoll and Taylor Mokris led the financing. The community offers a full continuum of care, including independent living, assisted living and memory care.... Read More »
Another Missouri Purchase For Griffin-American Healthcare REIT IV

Another Missouri Purchase For Griffin-American Healthcare REIT IV

Griffin-American Healthcare REIT IV returned to Missouri yet again to acquire an assisted living community in the St. Louis suburb of Warrenton. The single-asset transaction follows two portfolio deals for the REIT in the Show Me State, which included eight skilled nursing facilities bought for $88.2 million and two skilled nursing facilities that were a part of a 24-property (the rest located in Illinois) acquisition for a combined $78.5 million. G-A IV acquired the Warrenton property in a RIDEA structure with the incoming operator, Meridian Senior Living, and will own 98% of the JV. Built in 2000, the 53-unit community was 91% occupied, with a 100% private pay census, and in the past... Read More »
The Market of Lafayette

The Market of Lafayette

In the heart of Cajun country, Cushman & Wakefield’s Robert Black and Sean McNee facilitated the sale of two seniors housing communities on behalf of the local owner and operator. Both located less than a mile apart in Lafayette, Louisiana, the all-private pay properties included a 70-unit independent/assisted living community that was built in 1997 and a just-opened 37-unit memory care community. The buyer, Griffin-American Healthcare REIT IV will bring on Colonial Oaks Senior Living to operate the communities under a 15-year absolute net lease with two 10-year renewal options and annual rent escalators of 6.3% after year one and 2.5% thereafter. Griffin-American financed the... Read More »