• Brookdale Shares Hit Seven-Year High

    Brookdale Senior Living has posted occupancy increases for several consecutive months. The operator has lagged behind the industry for a decade now, so it is about time.  Weighted average occupancy has increased each month since January, beginning at 79.2% and reaching 82.5% in September. The third quarter’s average of 81.8% is up 290 basis... Read More »
  • Newmark’s Nearly $2 Billion Third Quarter

    Newmark is in the middle of a banner year for both investment sales and debt financings, and both its deal volume and activity appears to be accelerating as the year progresses. In the year to date, the team has closed nearly $3.6 billion in investment sales, and $1.9 billion in the third quarter alone. Excluding the Amica Senior Lifestyles... Read More »
  • Clarion Partners Makes Its First Seniors Housing Purchase

    Clarion Partners made its first seniors housing acquisition, buying Sancerre at Atlee Station in Mechanicsville, Virginia (Richmond MSA). Built in 2023, the community features 103 units of independent living, assisted living and memory care. It experienced a rapid lease-up, reaching 90% occupancy by October 2024. Census is now in the mid-90s, and... Read More »
  • LTC Properties Continues to Reduce Skilled Nursing Exposure to Support SHOP Growth

    LTC Properties sold two skilled nursing facilities in Florida totaling 240 beds for $42 million, or $175,000 per bed, with expectations of a gain on the sale of approximately $26 million. These two facilities are part of a divestment effort that includes five additional SNFs. An undisclosed operator (one of LTC Properties’ top 10 operating... Read More »
  • Kentucky SNF Sells with Blueprint’s Help

    Blueprint finished the third quarter with 48 deal closings valued at $840 million. Included in that impressive activity were four closings in Kentucky totaling more than $200 million in dollar volume. Big bucks in the Bluegrass State. In one of those closings, Blueprint represented a local family with its sale of a high performing skilled nursing... Read More »
New Development Finds Capital Partners

New Development Finds Capital Partners

An assisted living/memory care development in Tracy, California is going ahead thanks to a partnership arranged by Jacob Gehl, Scott Frazier and Humair Sabir of Blueprint Healthcare Real Estate Advisors. Summit Senior Life, a Newport Beach, California-based developer, and Cadence Living, a Scottsdale, Arizona-based operator, were planning this project on a 2.8-acre site to include 77 assisted living and 24 memory care units. The site is adjacent to Lennar at Tracy Hills, a large masterplan community that includes 5,000 single-family homes and 58 acres of commercial spaces, hotels, schools and offices.   However, Summit and Cadence needed to be introduced to capital... Read More »
DigitalBridge Divests Two Kansas Communities

DigitalBridge Divests Two Kansas Communities

DigitalBridge Group, formerly known as Colony Capital, recently announced it was divesting its healthcare real estate assets in order to focus on its digital infrastructure business. Two of the seniors housing properties have found a new owner with the help of Ben Firestone, Michael Segal and Lauren Nagle of Blueprint Healthcare Real Estate Advisors.   The two communities, located in the Kansas City, Kansas MSA, were built in the early 2000s but have received subsequent renovations. Leawood Gardens is a 70-unit assisted living/memory care community in Johnson County, and Blackhawk Assisted Living has 48 units of AL and MC in Miami County. According to our M&A... Read More »
Blueprint Teams Close Two Transactions

Blueprint Teams Close Two Transactions

M&A continues at a steady clip, and Blueprint Healthcare Real Estate Advisors obliged with a couple of recent closings. First was the sale of a skilled nursing facility located just outside of Cleveland, Ohio. Totaling 120 beds, the facility was built in the 1960s and thoroughly renovated in the 1990s. Historically, it did bring in stable cash flow, and it showed well for a facility last fully renovated more than 20 years ago. However, it did not fit into the regional Ohio-based owner’s operating model.   That’s where Blueprint came in, approaching a New York-based private equity group that has an existing presence in Ohio. They saw an opportunity to add value... Read More »
Blueprint Facilitates SNF Sale in Missouri

Blueprint Facilitates SNF Sale in Missouri

Michael Segal and Ben Firestone of Blueprint Healthcare Real Estate Advisors recently facilitated the sale of a 96-bed skilled nursing facility in central Missouri. Built in the late 1980s and renovated in the early 1990s, Valley View Health & Rehabilitation is no stranger to Blueprint.  In 2018, Blueprint represented the current seller of Valley View, an undisclosed REIT, in leasing this facility along with 10 others in the state to a new operating tenant under a master lease agreement. While the facility’s performance improved under the new operator, Valley View represented a geographic outlier to the provider’s other locations across metropolitan areas in Missouri. So ultimately,... Read More »
Blueprint Facilitates Sale of New IL Community in Ohio

Blueprint Facilitates Sale of New IL Community in Ohio

Blueprint Healthcare Real Estate Advisors helped sell a brand-new seniors housing community, closing the deal upon Certificate of Occupancy. Michael Segal, Connor Doherty and Ryan Kelly, plus Alex Florea of Capital Markets, handled the transaction. Developed adjacent to the POLARIS Commerce Center in Columbus, Ohio’s largest mixed-use development, the community is purpose-built as a four-story, 136-unit independent living community. Plus, the top floor was built to assisted living licensing specifications, leaving the option for the future. Graziano Construction and Development Company, Inc. developed the community in collaboration with Sweetbay Senior Living.  Simultaneously with the... Read More »