• Public REIT Divests to Owner/Operator

    by | Oct 14, 2025 3:16 pm | Acquisitions

    Blueprint facilitated the sale of a Massachusetts skilled nursing facility on behalf of a public REIT in the senior care sector. The REIT determined that the facility was a strong candidate for sale due to its location. Plus, the former operator was switching focus to other assets in its mutual portfolio.  Purpose-built in 1982 with... Read More »

  • Development Company Acquires Through Membership Buyout

    by | Oct 14, 2025 3:15 pm | Acquisitions

    A Missouri-based real estate developer engaged Blueprint to facilitate its membership buyout of a joint venture partner. Brooks Blackmon, Ben Firestone and Lauren Nagle handled the transaction. Four years ago, the firm was brought on to raise capital, ultimately sourcing an institutional capital partner to develop a private pay seniors housing... Read More »

  • 60 Seconds with Swett: Previewing Our Capital Markets Conversation

    by | Oct 14, 2025 3:09 pm | 60 Seconds

    We know that the capital markets have made the biggest impact on M&A activity and property valuations in the last several years, changing the size of possible deals, the makeup of the properties sold and the buyers that could actually buy. Now that the capital markets have substantially improved and are getting better, barring a sudden and... Read More »

  • Seller Exits Seniors Industry with Divestment to REIT

    by | Oct 14, 2025 2:59 pm | Acquisitions

    A single-asset seniors housing owner is exiting the industry with the sale of their property in Murrieta, California. Built in 2016 and 2018, Renaissance Village Murrieta has 142 units of assisted living and memory care in three stories. It was operating just below 70% occupancy, so there is plenty of room for a new owner to improve performance... Read More »

  • Deal Closes Following Buyer Withdrawals

    by | Oct 14, 2025 2:58 pm | Acquisitions

    After a long process that saw multiple buyers pull out from the deal, the sale of Sarah Neuman Skilled Nursing Facility in Mamaroneck, New York, has closed with the help of Mark Myers at Kiser Group. Owned by a religious not-for-profit organization, The New Jewish Home, the facility features 301 beds and was losing money. Myers had previously... Read More »
Two REITs Close Couple of Loans

Two REITs Close Couple of Loans

by | Dec 1, 2020 4:43 pm | Financings

A couple of REITs in good financial shape (and still open to making new investments) announced a couple of loans closed for senior care facilities. CareTrust REIT completed a $15 million secured mezzanine loan for Next Healthcare’s acquisition of a nine-property skilled nursing portfolio with approximately 1,000 beds in Virginia. The loan came with a five-year term and annual interest rate of 12%, with CareTrust funding it from its $600 million unsecured revolving credit facility. White Oak Healthcare Finance was the senior lender on the deal. Then, National Health Investors funded a $22.2 million construction loan for the development of a 110-unit senior living community in Sussex,... Read More »
CareTrust REIT Adds Skilled Nursing Portfolio

CareTrust REIT Adds Skilled Nursing Portfolio

by | Nov 20, 2020 4:42 pm | Acquisitions

The skilled nursing portfolio deals keep on coming, this time from a familiar source. CareTrust REIT announced its acquisition of four skilled nursing facilities in Texas, around the Dallas-Fort Worth metro area. Totaling 554 skilled nursing beds and 24 assisted living beds, they are currently leased to operating affiliates of The Ensign Group, and have been since Ensign took over operations more than a year ago from Senior Care Centers, which was going through bankruptcy proceedings at the time.  The facilities include Beacon Harbor Healthcare & Rehabilitation in Rockwall, Rowlett Health & Rehabilitation Center in Rowlett, Crestwood Health & Rehabilitation in Wills Point and... Read More »
Walker & Dunlop Arranges Montana SNF Sale

Walker & Dunlop Arranges Montana SNF Sale

by | Nov 10, 2020 4:23 pm | Acquisitions

Walker & Dunlop announced its involvement in the sale of two skilled nursing facilities in Montana to CareTrust REIT. We recently covered the transaction, which represented CareTrust’s first since the pandemic began earlier this year.   The facilities include Apple Rehab Cooney, an 80-bed facility located on the campus of the St. Peter’s Health Regional Medical Center in Helena, and Elkhorn Healthcare & Rehabilitation, a 70-bed facility in nearby Clancy. Eduro Healthcare took over operations.  Using cash on hand, CareTrust paid around $16 million, or $106,700 per bed, for the facilities, inclusive of transaction costs. Tony Cassie and Sam Thompson of Walker & Dunlop... Read More »
CareTrust REIT Adds Two Montana SNFs

CareTrust REIT Adds Two Montana SNFs

by | Sep 4, 2020 2:54 pm | Acquisitions

One of the more consistently active acquirers in the skilled nursing market is back. CareTrust REIT just made its first post-COVID acquisitions for two skilled nursing facilities in Montana. The off-market transaction consisted of Apple Rehab Cooney, an 80-bed facility located on the campus of the St. Peter’s Health Regional Medical Center in Helena, and Elkhorn Healthcare & Rehabilitation, a 70-bed facility in nearby Clancy. Eduro Healthcare took over operations.  CareTrust paid around $16 million, or $106,700 per bed, for the facilities, inclusive of transaction costs. In addition, the REIT will provide around $500,000 for Eduro to improve the properties, which are... Read More »
CareTrust REIT Adds Two Montana SNFs

Capital Senior Living Returns 18 Properties to Fannie Mae

by | Aug 7, 2020 9:03 am | Opinion

It’s been quite a week of earnings announcements from the publicly traded senior care companies, with Healthpeak Properties, Welltower, CareTrust REIT, Sabra Health Care REIT, Omega Healthcare Investors, Five Star Senior Living, Diversified Healthcare Trust and The Ensign Group all reporting. Capital Senior Living Corporation also came out with its second quarter results, and surprised some by revealing it was turning 18 properties in forbearance with Fannie Mae back to the agency lender. We have never heard of a company basically handing the keys over to Fannie Mae for that many communities. It is safe to say we are in unchartered territory that does not fail to surprise us, to say the... Read More »