• Inland Acquires Class-A Asset

    Inland Real Estate Acquisitions announced its acquisition of a high-end seniors housing community in Monument, Colorado (between Colorado Springs and Denver). We heard about the Class-A transaction about six weeks prior, when Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage announced their... Read More »
  • Institutional Investor Acquires Oklahoma SNF at Record Price

    A private investor looking to exit the skilled nursing business to focus on other ventures recently sold its Oklahoma City, Oklahoma, asset. The building is one of the newest skilled nursing facilities in the state.  The facility had a strong census at the time of sale, but there was some upside with a shift in the operating model. Daniel... Read More »
  • PE Firm Sells Community in Texas

    A seniors housing community in the Dallas-Fort Worth MSA recently traded with the help of Nick Stahler, Austin Diamond and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap. The large community, which features more than 200 units and 230,000 square feet, includes 163 independent living, 42 assisted living 15 and memory care units.... Read More »
  • DST Investor Buys Idaho MC Community

    A leading DST investor recently acquired a memory care community in northern Idaho. Set in the town of Rathdrum, about 25 miles northeast of Spokane, Washington, Generations Memory Care features 48 private units and is managed by Senior Services of America, an experienced regional operator with 15 properties in Washington, Oregon and Idaho. It... Read More »
  • Thrive Adds Three Assets in Georgia

    Thrive Senior Living grew its presence in its home state of Georgia, with the addition of three seniors housing communities. Developed by the Sawyer family between 2019 and 2022, the communities operated under the At Home Senior Living brand and are located in Cochran, Thomson and Jesup. Beginning in 2024, Thrive partnered with the Sawyer family... Read More »
NHI Expands Comfort Care Partnership

NHI Expands Comfort Care Partnership

National Health Investors expanded its relationship with Comfort Care Senior Living, adding another Michigan assisted living community to its existing portfolio with the operator. The collaboration began in 2018 when NHI acquired two assisted living communities in Bridgeport and Saginaw, Michigan for $17.1 million, or $164,400 per unit. Those properties, both built within the last five years, were then leased to Comfort Care at an average yield of 8.1% with CPI-based escalators. Now, NHI is acquiring a brand-new, 73-unit assisted living/memory care community in the town of Brighton at a price of $13.5 million, or $184,900 per unit. Comfort Care is assuming operations under a 10-year lease... Read More »
NHI Expands Comfort Care Partnership

National Health Investors Invests in Michigan

National Health Investors entered into a new relationship in Michigan, after acquiring a pair of assisted living communities from, and leasing them back to, affiliates of Comfort Care Senior Living. The targets were built in the last five years around Saginaw, Michigan, and include a 51-unit assisted living/memory care community in Bridgeport and a 53-unit AL/MC community in Thomas Township. National Health Investors bought the properties for $17.1 million, or about $164,400 per unit, with a cap rate just below 9% based on estimated EBITDA, and leased them to Comfort Care at an average yield of 8.1% with CPI-based escalators. NHI also obtained a purchase option on two additional... Read More »