• Midwest Developer Acquires in Georgia

    by | May 1, 2024 9:21 am | Acquisitions

    Daniel Geraghty and Brad Clousing of Senior Living Investment Brokerage represented a group of EB-5 investors in the sale of their 70-unit assisted living/memory care community in Georgia. Located in the town of Sharpsburg, a growing market between Newnan and Peachtree City southwest of Atlanta, the community was built in 2021 and was in... Read More »

  • Cincinnati Owner/Operator Divests SNF

    by | May 1, 2024 9:19 am | Acquisitions

    Blueprint was brought on by a local owner/operator in its divestment of a 30-bed skilled nursing facility built in 2013 with all private beds in Cincinnati, Ohio. Located near a hospital, the facility was in great shape and only accepted Medicare and private pay residents.  The seller divested to recycle capital and pay down maturing debt... Read More »

  • Real Estate Agent Purchases A RCFE Community in California

    by | May 1, 2024 9:17 am | Acquisitions

    Sherman & Roylance facilitated the sale of a purpose-built, six-bed RCFE community in Sonoma, California, with all private units. The purchase price was $1.75 million, or $290,000 per bed. The seller divested because it is consolidating its portfolio.  The buyer was a real estate agent, and this is their first acquisition in the... Read More »

  • 60 Seconds with Swett: The Development Dilemma

    by | May 1, 2024 9:16 am | 60 Seconds, Developments

    The difficult thing about development right now is that it is both a very tough time to build because of higher capital costs but also may be the time that many developers and investors need to start projects. We know, easy for us to say, especially as the Fed signals that rates are likely to stay high for longer and as the 10-year Treasury rate... Read More »

  • EBSC Provides Financing for Michigan Asset

    by | Apr 26, 2024 3:55 pm | Financings

    EBSC Lending provided $26.2 million in financing for an affordable seniors housing community in Michigan. The borrower is a not-for-profit owner/operator with experience in hospitality that will use the proceeds to refinance existing debt and fund capital improvements. Specific upgrades will target unit interiors, building exterior, elevators,... Read More »
Leaving with Grace

Leaving with Grace

by | Sep 21, 2016 8:30 am | Opinion

While attending the NIC conference in Washington, D.C. last week, I learned that Gene and Mari Jo Grace of Grace Management are retiring after nearly 33 years in the seniors housing and care business. I have known them for most of that 33 years, and I feel like the industry is losing not only two very top-notch professionals, but two friends. The respect they command, and the friendship they have shown to so many over the years is unparalleled, not to mention the depth of their industry knowledge and history. They have seen it all. Two years ago, they sold their company to Chicago Pacific Founders (CPF) but continued on in their roles. In those two years, with the help of John Rijos and... Read More »
Triumph in Tucson

Triumph in Tucson

by | Apr 22, 2016 8:31 am | Acquisitions

Making its second-ever acquisition in Arizona, Chicago Pacific Founders added a 140-unit independent living community in Tucson to its growing portfolio of now eight properties located across the country. Almost a year prior to this deal, CPF had entered into the Arizona market with its $7.2 million purchase of a 79-unit assisted/independent living community in Sun City. Also, just over the border in Nevada, CPF acquired a 72-unit assisted living community in Pahrump for an estimated $7.5 million. The newest property is located in a residential and retail area in southwest Tucson, and is close to several major medical centers. CPF plans to make investments in the community, and its... Read More »