• Value-Add AL/MC Community Trades

    by | May 21, 2026 2:37 pm | Acquisitions

    An institutional owner decided to divest a non-core asset, and engaged Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage to run the sale process. The asset is located in Hillsboro, Oregon (Portland MSA), and features 36 assisted living and memory care units, with 62 licensed beds. It was built in... Read More »

  • Brookdale Divests California Community to Public REIT

    by | May 21, 2026 2:36 pm | Acquisitions

    Blueprint was engaged by an institutional, national owner/operator in the strategic disposition of a large rental CCRC in Bakersfield, California. The 20-acre campus was developed in 1999 and provides the whole continuum of care, including independent living, assisted living, memory care and skilled nursing across three large buildings and... Read More »

  • Two Midwest Assets Trade

    by | May 21, 2026 2:34 pm | Acquisitions

    A couple of seniors housing communities traded in the Midwest, selling to a couple of growing owner/operators. First, in the Indianapolis area, The Kiser Group’s Mark Myers and SVN | Senior Living Advisors’ John Klement led the sale of a 157-unit seniors housing community featuring a mix of independent living, assisted living and memory care... Read More »

  • Assisted Living Portfolio Closes in Wisconsin

    by | May 21, 2026 2:33 pm | Acquisitions

    Bob Richards of Senior Care Realty recently completed the sale of a five-property assisted living portfolio in Wisconsin, closing the deal in multiple tranches. Richards had worked with the seller, AC Capital, for 15 years, helping them grow their portfolio over the years. AC Capital also has self-managed the communities for the last decade. Now,... Read More »

  • 60 Seconds with Swett: Here We Go Again

    by | May 20, 2026 8:33 am | 60 Seconds, Opinion

    AARP just published a report on assisted living, and all I can say is, here we go again. It concludes that “the state of assisted living today is cause for concern for many stakeholders. The lack of national federal standards for care centers creates an underregulated space.” It continues on, stating that the “absence of national oversight,... Read More »
Griffin-American Healthcare REITs III and IV to Merge

Griffin-American Healthcare REITs III and IV to Merge

by | Jun 25, 2021 10:31 am | Acquisitions

Griffin-American Healthcare REIT III, Inc. (GAHR III) and Griffin-American Healthcare REIT IV, Inc. (GAHR IV) have entered into a definitive merger agreement so that GAHR IV will acquire GAHR III in a tax-free, stock-for-stock transaction. The newly merged company will be renamed American Healthcare REIT, with approximately $4.2 billion in combined healthcare real estate assets.  Immediately prior to the acquisition, GAHR III will also acquire the business and operations of American Healthcare Investors, LLC (“AHI”), the co-sponsor of both REITs, and the external advisors of GAHR III and GAHR IV. Combining these entities and the capabilities in acquisitions, asset management,... Read More »
Cadence Living Expands in the Southeast

Cadence Living Expands in the Southeast

by | Dec 10, 2019 3:21 pm | Acquisitions

Cadence Living is certainly in growth mode. Earlier this year, the Scottsdale, Arizona-based operator announced a major expansion into its own state with the acquisition of land in the Phoenix suburb of Chandler to build a 191-unit, $46 million senior living development to join its three other brand-new or nearly-open communities in the area. Then, late last month, the operator announced that it teamed up with Sabra Health Care REIT to acquire an assisted living/memory care community in Poway, California (San Diego MSA). Now, Cadence Living was just selected as manager of seven assisted living/memory care communities and 402 total units across North Carolina, marking its entry in the... Read More »

Griffin-American starts small

by | Feb 17, 2016 8:30 am | Acquisitions

After a busy year during which it made over $1.55 billion in healthcare acquisitions, Griffin-American Healthcare REIT-III recently made a relatively small deal in central Pennsylvania, acquiring a 120-unit independent/assisted living community in Palmyra for an undisclosed price. Built in 2007, this community was owned by AMC Delancey Group, Inc. and Heritage Senior Living, which will continue to operate under Griffin-American. Occupancy stood at 93% at the time of the sale. Joshua Jandris, Mark Myers, Charles Hilding and Andrew Hilding of Marcus & Millichap handled the transaction. Read More »

Pay up in Richmond

by | Oct 7, 2015 8:32 am | Acquisitions

So far this year, there have been six announced seniors housing transactions valued higher than $300,000 per unit, compared with 16 in 2014. And of the top six deals this year, Griffin-American Healthcare REIT-III was the acquirer in two. First was the company’s acquisition of two senior living communities in Nebraska for $66 million, or $300,000 per unit, announced back in June. But more recently (and at a higher cost), Griffin-American purchased a 186-unit senior living community in Richmond, Virginia, for $64 million, or $344,000 per unit. Built 16 years ago, the community provides 108 units of IL, 60 AL units and 18 memory care apartments, and boasts a greater-than-96% occupancy. The... Read More »

Griffin-American III acquires Trilogy Health Services

by | Sep 16, 2015 8:32 am | Acquisitions

Nearly doubling its size in one fell swoop, Griffin-American Healthcare REIT III is acquiring Trilogy Health Services for approximately $1.125 billion (including the assumption of $205.1 million of debt) pursuant to a joint venture with NorthStar Healthcare Income. Griffin-American will own approximately two-thirds of the joint venture (bringing total real estate and related investments to approximately $2 billion) and will act as its manager, while NorthStar will own the other third. Also as part of the transaction, Trilogy’s founder and CEO, Randy Bufford, and other members of the company’s management will own a $24 million, or 3.6%, stake in Trilogy. Mr. Bufford will remain in place to... Read More »