• ESI Closes Two SNF Deals

    Evans Senior Investments handled a sale on behalf of an institutional owner/operator in California. The 64-bed skilled nursing facility is in California. The ultimate buyer was also based in California and entered into a new long-term lease agreement with Sun Mar Healthcare, a regional operator with a portfolio of skilled nursing and post-acute... Read More »
  • 30+ SNFs Sell to Large Owner/Operator

    A portfolio of more than 30 skilled nursing facilities totaling over 4,900 beds has sold, allowing the regional skilled nursing owner/operator to exit the industry. Few details were disclosed, and the deal appears to have been done very quietly, but the portfolio spanned between five and 10 states in the Southeast and featured approximately 35... Read More »
  • Scribner Capital and William James Group Team Up Again

    Scribner Capital and William James Group acquired two assisted living and memory care communities in Georgia. The Haven at Fayetteville, a 62-unit assisted living and memory care community that was rebranded from The Oaks, was built in 1999 and was at about 90% occupancy at closing. Located in Athens, The Haven at Cedar Shoals (formerly The Oaks)... Read More »
  • Joint Venture Acquires Cash-Flowing Communities

    A trio of well-run seniors housing communities in the Southeast sold to a partnership that included a national owner and a regional operator. Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage represented another regional owner/operator in the sale. The deal includes two adjacent seniors housing communities in Cumming, Georgia,... Read More »
  • Owner/Operator Enters New State

    Vince Viverito and Taylor Graham of Senior Living Investment Brokerage handled the sale of a distressed skilled nursing facility in rural Colorado. Built as a therapy building in 1912 and converted to a skilled nursing facility in 1964, Lamar Estates features 60 beds on 1.34 acres with 19,394 square feet in the town of Lamar. The non-performing... Read More »
New Skilled Nursing Construction in Florida

New Skilled Nursing Construction in Florida

Most of the attention in the Florida development market has gone to assisted living and memory care. Rightfully so. But a brand-new skilled nursing facility is going up in Lakeland, Florida, courtesy of Greystone Healthcare Management and Lake Gibson Village. The 120-bed facility will be located within the existing Lake Gibson Village independent living/assisted living community and will feature a mix of private and semi-private rooms, along with programs that range from orthopedic and cardiac to stroke rehabilitation. Lake Gibson Village is also undergoing a 64-bed memory care expansion on the 45-acre site in addition to massively expanding its independent living services. At a cost of... Read More »
Altercare Grows With Greystone

Altercare Grows With Greystone

Ohio-based Altercare Integrated Health Services is significantly expanding operations in its home state, taking over management of eight skilled nursing facilities and 541 total licensed beds. Owned by Greystone Healthcare Management (who also previously operated them), these facilities are located in the towns of Adena, Cambridge, Coshocton, Newark, Somerset, Thornville and Zanesville. The deal expands Altercare’s coverage in Ohio to 27 facilities, in addition to its one location in Michigan. Six of the facilities are expected to sell on February 1, with the remaining two to close in the next several months. Read More »