• Stand-Alone MC Community Trades in Arizona

    by | Apr 2, 2026 5:05 pm | Acquisitions

    Blueprint represented an institutional seller in the sale of its stand-alone memory care community in the Lake Havasu City-Kingman, Arizona MSA. Built in 2009, the asset features 48 units with 60 beds and received approximately $2 million in recent capital improvements. There is opportunity for occupancy growth and rental rate optimization. ... Read More »

  • Clarion Partners Continues Its Acquisition Streak

    by | Apr 2, 2026 4:56 pm | Acquisitions

    Clarion Partners continued on its acquisition streak, adding two communities in California to its growing portfolio. The latest deal featured The Commons on Thornton and The Commons at Union Ranch, two seniors housing communities totaling 198 units in California’s Central Valley. They were previously owned and operated by MBK Senior Living, which... Read More »

  • Multiple Senior Care Acquisition Financings Close

    by | Apr 2, 2026 4:55 pm | Acquisitions, Financings

    M&A transactions are getting done at a near-historic pace, and CIBC Bank USA recently financed three deals. The largest was $43.3 million in acquisition financing for two senior care assets in the Nashville area of Tennessee. The properties include a combined 310 independent living units, 273 skilled nursing beds and 93 assisted living/memory... Read More »

  • Olympus Retirement Living Expands

    by | Mar 31, 2026 5:42 pm | Acquisitions

    The Zett Group closed the sale of a 63-unit assisted living/memory care community in the Boise, Idaho market. Set in the town of Emmett, Meadow View Senior Living was trending positively in its operations, but there was still some work to be done. An owner/operator engaged Blake Bozett and Spud Batt to sell the community to an undisclosed buyer.... Read More »

  • Large Senior Care Portfolio Trades Hands

    by | Mar 31, 2026 5:41 pm | Acquisitions

    A portfolio comprising senior care assets across Washington State recently sold with the help of JCH Senior Housing Investment Brokerage. At first, only one of the assets was brought to market, but an offer emerged for the entire nine-facility portfolio. The price for the skilled nursing, assisted living and independent living campuses ranged... Read More »

A CCRC’s successful SNF

by | Jan 8, 2016 8:31 am | Acquisitions

A not-for-profit CCRC in Milwaukee, Wisconsin boasting a well performing skilled nursing facility was sold by Ray Giannini of Marcus & Millichap for $19 million, or approximately $53,670 per bed/unit, with approximately a 9% cap rate. Built in stages in the early 1970s and in the mid-1980s, this CCRC features 187 units of independent living, 80 assisted living units and an 87-bed (62-unit) skilled nursing facility, half of which was recently substantially renovated in 2011, resulting in a good quality mix of about 40%. Altogether, the campus is 90% occupied and operates at a 13% margin (driven largely by the SNF) on about $13 million of revenues. Plus, the previous owner purchased a... Read More »

Reposition and refinance

by | Dec 11, 2015 8:30 am | Developments, Financings

HJ Sims recently helped Cross Keys Village, the ninth-largest single-site not-for-profit CCRC in the country, obtain two bank loans, totaling $42.5 million, in order to both refinance a bridge line of credit and fund an expansion of its campus. Founded in 1908, the CCRC currently features 444 independent living units (in apartments, cottages and country homes), 91 assisted living units and 270 skilled nursing beds. The sponsor, the Southern District of the Pennsylvania Church of the Bretheren, together with architectural firm SFCS, Greenbrier Development and Sims, decided on a campus expansion project, which would include expanding its health center facilities (particularly its skilled... Read More »

Bank Leumi finances CCRC sale

by | Dec 4, 2015 8:30 am | Acquisitions, Financings

When a 234-unit CCRC in St. Charles, Missouri managed by Innovative Management Associates, a Chicago-based seniors housing owner/operator, was acquired for $17 million, or $72,650 per unit, the buyer enlisted the help of Bank Leumi to finance the transaction. Built in 1977, with expansions in 2011 and 2013, the community features 138 independent living units, 32 memory care units, 27 assisted living units (recently converted from IL) and 66 skilled nursing beds. Overall occupancy was around 76%, but that was brought down by the struggling IL component, which was just 51% occupied. So, the buyer will have their hands full with this community, but by increasing IL occupancy to 80%, annual... Read More »

CCRCs to Become LPCs?

by | Nov 4, 2015 8:50 am | 60 Seconds, Opinion

Leading Age announced this week that they are proposing a new name for CCRCs: Life Plan Communities. What is it about all these name changes? First we have Health Care REIT becoming Welltower, followed by ALFA becoming Argentum. Now Leading Age, which already changed its name several years ago, has proposed that the industry adopt a new name for CCRCs, coming up with “Life Plan Communities.” A lot of people have had a desire to get away from the alphabet soup acronyms that are so common (ALFA, ASHA, AHCA, AAHSA), but these acronyms do make it easier at times. Will the new name become LPCs? That sounds a bit clinical to me, but who... Read More »

Expansion project receives funding

by | Sep 4, 2015 8:31 am | Developments, Financings

A retirement community in Dallas, Oregon originally planned to expand its campus in 2007, but had to put in on hold during the Great Recession (bet that’s not the first time you’ve heard that). But now, the project is off the ground thanks in large part to a $27.6 million bond issue underwritten by Cain Brothers. Already with 45 independent living garden homes, 73 IL units, 65 assisted living units, 20 memory care units and 121 skilled nursing beds, the community, sponsored by the not-for-profit Mennonite Retirement Community, Inc. and operated by Life Care Services, was looking to add 40 new lodge-style IL apartments, a 21,000 square foot clubhouse and various new amenities. The proceeds... Read More »