• Brookdale’s Uneven Recovery

    by | May 7, 2026 4:03 pm | Acquisitions

    Brookdale Senior Living has been going through some major changes in the last year, so naturally its recovery could be a little uneven, with the hope of more long-term growth and stability. They have a new CEO, COO and a new operational structure, in addition to exiting more than 100 communities in the last year. But the mixed bag of results can... Read More »

  • Two Public REITs Continue Their SHOP Push

    by | May 7, 2026 3:54 pm | Acquisitions

    Two public REITs honing in on the seniors housing sphere have announced their first quarter earnings results. LTC Properties reiterated its commitment to seniors housing again, and Janus Living, Healthpeak Properties’ spin-off REIT that debuted in the public markets in March, is already showing momentum. First, after completing seniors housing... Read More »

  • Tennessee Assisted Living Community Sells

    by | May 7, 2026 3:52 pm | Acquisitions

    Andrew Montgomery of Montgomery Intermediary Group recently sold an assisted living community in eastern Tennessee. Built in the late 1990s, the building featured more than 40 units, plus some houses on its campus. There was some additional acreage, as well. It was sold by one out-of-state owner to another, but the buyer has another assisted... Read More »

  • SNF Portfolio Trades Following Strong Bidding Environment

    by | May 7, 2026 3:51 pm | Acquisitions

    A regional operator looking to recycle capital divested a portfolio of four skilled nursing facilities in Florida. There were a total of 460 functional beds, and they were spread across Rockledge, Naples, Venice and Sarasota. Evans Senior Investments handled the deal.  The portfolio generated approximately $46 million in total annualized... Read More »

  • Class-A Seniors Housing Community Receives Agency Financing

    by | May 7, 2026 3:51 pm | Financings

    BWE closed $77 million in fixed-rate, Fannie Mae financing for a Class-A seniors housing community in a major Midwest MSA. The 10-year loan features a full term of interest-only payments. Ryan Stoll and Taylor Mokris led the financing. The community offers a full continuum of care, including independent living, assisted living and memory care.... Read More »
Colliers Handles Two AL Sales in Pennsylvania

Colliers Handles Two AL Sales in Pennsylvania

by | Jan 5, 2022 10:44 am | Acquisitions

Two assisted living communities in Allentown, Pennsylvania just sold with the help of Bob Gaines at Colliers International. The first community, called Victoria’s Place, includes 80 one-bedroom & studio assisted living apartments. Victoria’s Place was recently constructed and features 59,500 square feet but currently sits vacant. Amenities include common areas, a dining room, bistro, private family dining room, courtyards for assisted living and memory care, an entertainment area, multiple seating areas, movie theater, physical therapy and a salon. Built in 1991, Mountain View is operational and features 115 licensed beds, although occupancy was not disclosed. Across 54,693 square... Read More »
Colliers International Announces Florida Portfolio Deal

Colliers International Announces Florida Portfolio Deal

by | Jan 15, 2021 1:47 pm | Acquisitions

Damien and Ken Carriero of Colliers International kicked off their 2021 campaign with the sale of three assisted living communities totaling 180 units and 313 beds in Florida. Previously owned by Florida Seniors Properties, Inc., these communities are located in Port Richey, Casselberry and Zephyrhills, with an average occupancy of just 66%.   Best Care Senior Living, LLC purchased the Port Richey property, while another ownership entity bought the other two communities. Colliers simultaneously closed the transactions on January 12. The combined purchase price was $13.7 million, or $76,100 per unit.    Read More »
Colliers International Ushers Allina Health Out of Seniors Housing Industry

Colliers International Ushers Allina Health Out of Seniors Housing Industry

by | Dec 27, 2020 9:20 pm | Acquisitions

Allina Health exited the seniors housing market with the sale of its 45-unit independent living community in Cambridge, Minnesota, working with Brian Bruggeman and Louis Suarez of Colliers International to get the deal done. Built in 1988, the two-story community features both one-bedroom and two-bedroom unit options on its 4.35-acre campus adjacent to Cambridge Medical Center. There is a dining room, full kitchen, laundry room, beauty salon, lounge with fireplace, a library and an outdoor, three-season porch. Historically, occupancy was between 90% and 95%, which stayed consistent through 2020.  Not-for-profit Presbyterian Homes & Services (PHS) acquired... Read More »
Colliers International Handles Two Transactions

Colliers International Handles Two Transactions

by | Dec 1, 2020 4:39 pm | Acquisitions, Financings

Colliers International has been busy this week, closing the sale of a Section 8 senior apartment community in New Jersey and also a trio of HUD mortgages for three market-rate senior co-ops in the Midwest. First, to the sale. Colliers represented Squiretown Properties LLC in its disposition of a 405-unit community in this Newark suburb of East Orange. Built in 1980, but with no major renovations since then, the community’s affordability status was set to expire in 10 years. However, a partnership between Community Preservation Partners and L+M Development Partners has extended that to 30-years with their acquisition of the community. The purchase price totaled $94 million, or $232,100 per... Read More »
Colliers International Announces Two Closings

Colliers International Announces Two Closings

by | Jun 9, 2020 4:51 pm | Acquisitions

Colliers International closed a couple of sales involving assisted living communities that also cared for adults with mental disorders or developmental disabilities. First, the Tampa, Florida team led by Ken and Damien Carriero worked on behalf of Loving Care of St. Petersburg, Inc. to sell a 60-unit/120-bed AL community in St. Petersburg, Florida. It came with a Limited Mental Health Specialty License and was 80% occupied at the time of the sale. Best Care Senior Living at St. Pete, LLC was revealed as the buyer, but no purchase price was disclosed.  Then, Elena Bakina of Colliers International represented the seller of a similar community in southwest Houston, Texas. Classified as a Type... Read More »