• 12 Oaks Senior Living Appoints New CFO

    12 Oaks Senior Living appointed Elliott Westerman as CFO, effective immediately. Westerman has more than two decades of leadership experience across senior living, healthcare, and real estate sectors. As CFO, Westerman will oversee all aspects of financial management, including financial planning and analysis, capital structure strategy,... Read More »
  • Ensign/Standard Bearer Adds Two Facilities

    The Ensign Group acquired a couple of skilled nursing facilities through its real estate subsidiary Standard Bearer Healthcare REIT. The first purchase was for Duncanville Healthcare and Rehabilitation Center, a 124-bed SNF in Duncanville, Texas, which will be operated by a third-party operator subject to a long-term, triple-net lease. Ensign... Read More »
  • HTG Closes Two Separate SNF Transactions

    Healthcare Transactions Group (HTG) recently closed two transactions in Missouri and Maryland. The Show Me State deal involved Baptist Home of Independence, an 118-bed skilled nursing facility and 20-bed Residential Care Facility in the town of Independence. Built in 1977, the campus received a major renovation in 2021 and was 65% occupied. ... Read More »
  • VIUM’s New H1 Record

    VIUM Capital completed the first half of 2025 with an impressive $780 million in transaction par value. That volume was closed across 32 transactions, 51 separate properties and 14 states, comprising both bridge and permanent debt. It represents the strongest first half of the year in the company’s history. Part of that activity was more than... Read More »
  • Kiser Group Launches Seniors Housing Division

    Kiser Group, a leading multifamily brokerage firm, has announced the launch of its new Seniors Housing Division with the addition of industry veteran Mark Myers as Partner. This strategic expansion reflects the firm’s commitment to meeting the evolving needs of investors and operators in the growing senior living sector. With more than 30 years... Read More »
Colliers Handles Two AL Sales in Pennsylvania

Colliers Handles Two AL Sales in Pennsylvania

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

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

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

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

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 »