• Public REIT Lands Portfolio in Competitive Sale

    A portfolio of Class-A seniors housing communities sold in the Southeast to an undisclosed publicly traded REIT. Featuring six assets in Georgia and South Carolina, the portfolio totaled 156 independent living, 200 assisted living and 70 memory care units. The communities were built between 2017 and 2022 by a Southeast-based developer. Occupancy... Read More »
  • Regional Owner/Operator Acquires Ocala AL Community

    The third and final asset in the Hampton Manor portfolio has sold with the help of Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage. Hampton Manor Deerwood in Ocala, Florida, was built in 2005 and expanded in 2016 to now feature 61 units of assisted living. The property is stabilized, so the new owner can hit the ground... Read More »
  • Second Generation Operator Divests SNF Portfolio to PE Firm

    A Northeast-based private equity firm engaged Daniel Morris of Plains Commercial Real Estate in its plan to enter a new state. The firm has an existing skilled nursing footprint, and had specific acquisition criteria, which narrowed the focus down to a few potential targets.  The company ultimately acquired a five-facility, 506-bed skilled... Read More »
  • CIBC Springs Ahead with Deal Flow

    CIBC has been hard at work this Spring, successfully closing several acquisition financings for senior care clients across the country. The largest was a $51.5 million term loan that supported the purchase of four skilled nursing facilities in Illinois totaling 586 beds. Historical performance trended positively over the last two years across the... Read More »
  • National Healthcare Properties Kicks Off IPO Push

    National Healthcare Properties, Inc. launched its public offering of 38.5 million shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the SEC. The initial public offering price is expected to be between $13.00 and $16.00 per share, and the company expects to grant the underwriters a 30-day option to... Read More »
More SNFs Add In-House Dialysis

More SNFs Add In-House Dialysis

The new PDPM reimbursement system is making its impact known in the skilled nursing market beyond drastically reducing therapy minutes. It is also changing the way SNFs provide care to higher acuity and medically complex patients, now that CMS has recognized (and will pay for) the added care that goes with them. Well, six skilled nursing facilities in Indiana clearly have an eye towards maximizing that reimbursement, while providing a better care experience too, by partnering with Dialyze Direct to provide in-facility dialysis services. This is not the first such agreement made by Dialyze Direct with other SNFs, and we suspect it won’t be the last. This service seems like a no-brainer for... Read More »
More SNFs Add In-House Dialysis

Brookdale Expands Dialysis Services at Four Texas CCRCs

Brookdale Senior Living announced that the company would be partnering with Dialyze Direct to provide on-site dialysis at four of its CCRC campuses in Texas. Two of the locations began offering the service earlier this year, but one campus in Houston will open a Dialyze Direct suite with eight chairs this week, and the other property in Austin will start the service soon. This is just one of several expansions of on-site dialysis into senior care facilities that we have seen recently. Azria Health, which just bought a portfolio of 15 skilled nursing facilities in the Midwest from Senior Housing Properties Trust, also recently partnered with Concerto Renal Services to offer dialysis to its... Read More »