• Sabra Trims Forecast, Tempering a Solid Quarter

    Sabra Health Care REIT, Inc. announced several acquisitions in its third quarter results. The REIT acquired six managed seniors housing properties for $217.5 million with an estimated initial cash yield of 7.8%, three of which were acquired through a consolidated joint venture in which Sabra has a 95% equity interest. The company also purchased... Read More »
  • CareTrust’s Flurry of Acquisitions

    CareTrust REIT, Inc. closed a series of transactions totaling approximately $437 million in late October. In two separate deals, the REIT acquired 12 skilled nursing facilities and one skilled nursing campus located across the Southeast and Mid-Atlantic. The combined portfolio includes approximately 1,760 licensed skilled nursing beds and... Read More »
  • Ensign Adds to Its Utah and Alabama Footprint

    The Ensign Group, Inc. kicked off November with a couple of new deals. The publicly traded company acquired the real estate and operations of the following seven Stonehedge skilled nursing facilities in Utah: Stonehenge of American Fork (90 beds in American Fork) Stonehenge of Cedar City (50 beds in Cedar City) Stonehenge of Ogden (52 beds in... Read More »
  • Joint Venture Makes Its First Acquisition

    A joint venture between Capitol Seniors Housing and a global alternative asset manager with over $55 billion in assets under management worldwide acquired The Woods at Merrimack, a 140-unit seniors housing community in Methuen, Massachusetts. This is the first deal between CSH and the asset manager but marks the beginning of a long-term... Read More »
  • Michigan-Based Owner/Operator Buys Lansing Campus

    A public REIT engaged Blueprint in the confidential divestiture of a 53-unit assisted living and memory care campus in Lansing, Michigan. The campus features two standalone buildings separately catering to assisted living residents and those requiring memory care. The well-maintained campus was originally built in 1997 and consisted of 19... Read More »
Ziegler Soars

Ziegler Soars

Ziegler has been dominating the tax-exempt bond financing market for seniors housing, closing over $400 million in issuances since November. Its two most recent transactions involved a couple of not-for-profit CCRC operators. First (and the largest), Ziegler closed $126 million in non-rated, tax-exempt bonds, plus $3.8 million in non-rated, taxable, fixed-rate bonds for C.C. Young Memorial Home. The Texas-based not-for-profit was founded in 1922 by the State of Texas to care for the elderly, and now owns and operates a 20-acre campus in northeast Dallas. Included at the community are 223 independent living units in a number of buildings, 75 assisted living units, 30 memory care beds and a... Read More »