• Stand-Alone MC Community Trades in Arizona

    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

    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

    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

    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

    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 »
Pennsylvania Provider Finances for the Future

Pennsylvania Provider Finances for the Future

HJ Sims met Phoebe Ministries’ capital needs with a taxable financing provided by Citizens Bank. A not-for-profit senior care provider with locations in seven Pennsylvania counties, Phoebe Ministries recently purchased a 38-acre property in Emmaus (near Allentown) to convert the existing office building there into seniors housing. That came to a cost of $12 million. Phoebe Ministries also planned about $4.5 million of capital improvements at its Berks location. To cover those combined costs, plus about $1.5 million in funded interest and financing costs, HJ Sims arranged $18 million in interim financing which will be repaid with permanent financing in 12 to 24 months. Read More »
HJ Sims Heads to Hudson

HJ Sims Heads to Hudson

Interest rates are on the rise, as Janet Yellen moves to end an era of unprecedented stimulative monetary police. With that shift likely coming, borrowers will look to take advantage of low interest rates now. That was clearly on the mind of the owners of a 150-acre not-for-profit CCRC in northeast Ohio, who worked with HJ Sims to arrange a $32 million debt modification. Opened in 1989 in the town of Hudson (Akron/Cleveland MSA), the community features 225 independent living units, 66 IL villas, 59 assisted living units and 75 skilled nursing beds, in addition to a host of amenities like three on-site restaurants, a pub, fitness/aquatic center, three stocked fishing lakes and a three-hole... Read More »