• Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »

  • Public REIT Purchases Texas Class-A Seniors Housing

    by | Apr 23, 2024 3:56 pm | Acquisitions

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »

  • Eads Sells Its 24th & 25th Missouri Community

    by | Apr 23, 2024 3:54 pm | Acquisitions

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »

  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    by | Apr 23, 2024 3:48 pm | 60 Seconds

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »

  • More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »
Greystone’s Part-II Portfolio Deal

Greystone’s Part-II Portfolio Deal

by | Oct 19, 2018 7:03 am | Acquisitions, Financings

Greystone made news at NIC when it announced it sold a five-property senior living portfolio to Hong Kong-based Chevalier International Holdings Ltd. Previously owned by a publicly-traded REIT, the portfolio consists of 570 total units in New Mexico and Washington state that were built or renovated between 1989 and 2003. It was part of a larger portfolio, which saw four other properties sold in July in Nebraska (1) and Oregon (3), also to Chevalier. In both transactions, The Avamere Family of Companies was brought in to lease the properties, which may include one more property expected to sell next month. Mike Garbers and Cody Tremper of Greystone represented the REIT seller in... Read More »
Greystone’s Second Portfolio Transaction Of The Month

Greystone’s Second Portfolio Transaction Of The Month

by | Jul 31, 2018 3:57 pm | Acquisitions

Mike Garbers and Cody Tremper of Greystone Real Estate Advisors followed up on their two-property sale in upstate New York (which sold to a private equity firm for $17 million, or $184,800 per unit) by also arranging the sale of four senior living communities in Nebraska and Oregon on behalf of a publicly-traded REIT owner. Built between 1986 and 2003, the communities feature 315 total units of independent living and assisted living. Hong Kong-based Chevalier International Holdings Ltd. acquired the properties and leased them to the Avamere Family of Companies to operate. Read More »