• Public REIT Divests to Owner/Operator

    by | Oct 14, 2025 3:16 pm | Acquisitions

    Blueprint facilitated the sale of a Massachusetts skilled nursing facility on behalf of a public REIT in the senior care sector. The REIT determined that the facility was a strong candidate for sale due to its location. Plus, the former operator was switching focus to other assets in its mutual portfolio.  Purpose-built in 1982 with... Read More »

  • Development Company Acquires Through Membership Buyout

    by | Oct 14, 2025 3:15 pm | Acquisitions

    A Missouri-based real estate developer engaged Blueprint to facilitate its membership buyout of a joint venture partner. Brooks Blackmon, Ben Firestone and Lauren Nagle handled the transaction. Four years ago, the firm was brought on to raise capital, ultimately sourcing an institutional capital partner to develop a private pay seniors housing... Read More »

  • 60 Seconds with Swett: Previewing Our Capital Markets Conversation

    by | Oct 14, 2025 3:09 pm | 60 Seconds

    We know that the capital markets have made the biggest impact on M&A activity and property valuations in the last several years, changing the size of possible deals, the makeup of the properties sold and the buyers that could actually buy. Now that the capital markets have substantially improved and are getting better, barring a sudden and... Read More »

  • Seller Exits Seniors Industry with Divestment to REIT

    by | Oct 14, 2025 2:59 pm | Acquisitions

    A single-asset seniors housing owner is exiting the industry with the sale of their property in Murrieta, California. Built in 2016 and 2018, Renaissance Village Murrieta has 142 units of assisted living and memory care in three stories. It was operating just below 70% occupancy, so there is plenty of room for a new owner to improve performance... Read More »

  • Deal Closes Following Buyer Withdrawals

    by | Oct 14, 2025 2:58 pm | Acquisitions

    After a long process that saw multiple buyers pull out from the deal, the sale of Sarah Neuman Skilled Nursing Facility in Mamaroneck, New York, has closed with the help of Mark Myers at Kiser Group. Owned by a religious not-for-profit organization, The New Jewish Home, the facility features 301 beds and was losing money. Myers had previously... Read More »
OH-Based Buyer Purchases Pittsburgh-Area SNF

OH-Based Buyer Purchases Pittsburgh-Area SNF

by | Dec 1, 2020 4:45 pm | Acquisitions

An Ohio-based owner/operator bought a Pittsburgh-area skilled nursing facility in a deal arranged by Evans Senior Investments. Built in 1995 and maintaining a four-star rating, this 120-bed facility was locally owned and operated. However, this was the seller’s only skilled nursing facility, and occupancy stood at just 72%. High expenses also resulted in barely $50,000 of NOI on about $8.93 million of revenues, and performance was declining.   So, Evans ran a confidential marketing process to a group of regional owner/operators and obtained six competitive offers within 30 days. An Ohio-based owner/operator wishing to grow its presence in Pennsylvania ended up as the buyer,... Read More »
Another Major SNF Acquisition Closes

Another Major SNF Acquisition Closes

by | Nov 16, 2020 9:29 am | Acquisitions

When it rains, it pours, we suppose. Last week, Eagle Arc Partners acquired a portfolio of 20 skilled nursing facilities in the Southeast, the largest SNF deal that we had seen for some time. Just a day later, Evans Senior Investments announced that it handled the sale of 21 skilled nursing facilities across three separate transactions in three Midwest states. The combined purchase price for the portfolio was $86 million, or around $54,000 per functional bed.  Eleven of the facilities are located in Indiana and combined for 751 licensed skilled nursing beds (692 functional beds) and 109 senior living units. At the time of marketing, average occupancy was around 78%, with total revenues... Read More »
CIBC Bank Funds Indiana SNF Acquisition

CIBC Bank Funds Indiana SNF Acquisition

by | Nov 16, 2020 9:24 am | Acquisitions, Financings

CIBC Bank USA facilitated acquisition financing for a regional operator’s purchase of 11 senior care facilities in Indiana. If this deal sounds familiar, that’s because it is part of the larger 21-facility portfolio sale announced by Evans Senior Investments last week. Matthew Tyler and Daniela Miranda of CIBC closed the $51.2 million loan for a regional operator, which purchased the facilities from a local operator. The loan comes with a five-year term on the real estate, and a $5.0 million revolving line of credit was provided to support working capital needs.  The portfolio consists of 751 skilled nursing beds and 109 assisted living units. Those 11 facilities have an effective... Read More »
Evans Senior Investments Announces Two Deals

Evans Senior Investments Announces Two Deals

by | Oct 8, 2020 4:50 pm | Acquisitions

Evans Senior Investments kicked off the fourth quarter with a couple of deals involving seniors housing properties. The first involved a 154-unit campus in Cottage Grove, Wisconsin that has grown over the last 15 years to include 60 independent living, 70 assisted living and 24 memory care units. It initially opened in 2006 with the AL community, then added the memory care in 2016 and finally the independent living community in January 2018. Occupancy exceeded 93% across the campus for the past few years, and even higher at the brand-new IL portion.   Revenues and EBITDAR consistently hovered over $6 million and $2.2 million on an annualized basis, respectively, although we imagine there... Read More »
Evans Senior Investments Wraps Up Michigan Portfolio Sale

Evans Senior Investments Wraps Up Michigan Portfolio Sale

by | Jun 5, 2020 8:09 am | Acquisitions

Evans Senior Investments kicked off June with the sale of a seniors housing/skilled nursing portfolio in Michigan. With Welltower’s major sale also coming to light at the start of the month, hopefully that’s a sign of a more fruitful summer for the industry as a whole.  The portfolio consisted of two seniors housing/skilled nursing campuses and one stand-alone skilled nursing facility, with a total of 88 assisted living units, 36 memory care units and 270 skilled nursing beds. Built in 1997, 2007 and 2008, the senior living portion of the portfolio was 100% private pay, while the skilled nursing census boasted a high mix of Medicare patients. The transaction represented the second closing... Read More »