• Las Vegas SNF Commands Premium

    We had heard of a high-end skilled nursing facility being marketed for sale in Las Vegas, Nevada, at a very high price for a few months now, and it appears that the sale has closed. Evans Senior Investments announced that it sold Sandstone Spring Valley, a 160-bed skilled nursing facility that was built just 10 years ago. It features an 80-unit... Read More »
  • Genesis Stalking Horse Raises Bid

    The stalking horse bidder for Genesis HealthCare’s 298 affiliated holding companies, ancillary businesses and insurance vehicles has upped its offer, and the deal is set for an approval hearing on December 10. Genesis, which previously held the title of largest skilled nursing operator in the country, filed for Chapter 11 bankruptcy protection in... Read More »
  • SLIB Closes Strong SNF Sale in Colorado

    Two well-run skilled nursing facilities in Colorado sold with the help of Vince Viverito, Jason Punzel, Ryan Saul and Jeff Binder of Senior Living Investment Brokerage. Located in Fort Collins and Windsor, the facilities were built in 1988 and 2018 and featured 445 beds in total. The facilities also comprised 18 total acres and nearly 270,000... Read More »
  • Ensign Buys Kansas City SNF

    The Ensign Group acquired a 45-bed skilled nursing facility in Kansas City, Kansas, that was in need of an operational turnaround. Built in 1974 with additions in 1983 and 1995, Medicalodges Post Acute Care is set on nearly 11 acres in a residential area. It was previously owned by a Kansas-based owner/operator that was divesting in order to... Read More »
  • Communities Pass Between Family Owner/Operators

    A multigenerational family owner/operator recently divested its well-occupied portfolio to a new family owner/operator in Beaverton, Oregon. The all-private pay communities consisted of a 183-unit full-continuum community opened in 2002 and a 58-unit assisted living community opened in 1996. Blueprint handled the sale and financing.  The... Read More »
Amenity-Rich Independent Living Opening in Virginia

Amenity-Rich Independent Living Opening in Virginia

A brand-new independent living community is set to open this month in the Richmond, Virginia market to the tune of $31.6 million, or $213,500 per unit, to build. Featuring 10 different floor plans and one- or two-bedroom unit options, the Henrico community is located adjacent to a gated active adult community, where its resident will have access to the amenities. However, it also has its own numerous amenities, including an indoor pool, movie theater, four dining venues and a gazebo complete with fire pits and a full-service bar, to name just a few. Arlington, Virginia-based Bonaventure Realty Group developed the luxury community, and Solvere Living, an affiliate of Solutions Advisors... Read More »
Amenity-Rich Independent Living Opening in Virginia

New Seniors Housing Investor In The Old Dominion

There’s a new entrant in the seniors housing industry by the name of Bonaventure Realty Group. Coming from the multifamily space, like many new seniors housing investors these days, Arlington, Virginia-based Bonaventure plans to open its first independent living community further south in the town of Henrico (Richmond MSA). Featuring 148 one- and two-bedroom units, the community (called Aspire at Carriage Hill) will host a number of amenities, including an indoor pool, salon and spa, fitness center, patio, gazebo and outdoor dining with a fire pit, among others. Amenities from the adjacent gated 55+ apartment complex will also be available to residents. The total cost is estimated to be... Read More »