• Brookdale Making Progress, but Is It Enough?

    by | May 8, 2024 10:27 am | Opinion

    Brookdale Senior Living reported its best EBITDA performance in several years, nearly topping $100 million, RevPOR continues to grow (5.8% sequentially), and second quarter guidance for adjusted EBITDA is now between $93 million and $98 million. On the labor front, they had a solid 70% retention rate for Executive Directors for the trailing... Read More »

  • Regional Owner/Operator Divests Facility, Exiting Sector

    by | May 8, 2024 10:13 am | Acquisitions

    Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage were engaged by a regional owner/operator in its divestment of a senior care facility. The seller is looking to consolidate its portfolio and exit the skilled nursing industry. The buyer is a regional-based owner adding to its portfolio throughout the state,... Read More »

  • BMO Provides $140.6 Million in Bridge Financing

    by | May 8, 2024 10:11 am | Financings

    BMO Healthcare Real Estate provided $70.6 million in bridge financing to a joint venture of New Perspective Senior Living, Boldt Capital and Fengate Asset Management, for the recapitalization of two Class-A seniors housing communities. The communities total 290 units in Franklin and Waukesha, Wisconsin. Loan proceeds include capital allocated for... Read More »

  • Newer-Vintage Facility in New Mexico Changes Hands

    by | May 8, 2024 10:09 am | Acquisitions

    Blueprint was brought on to facilitate the sale of an inpatient transitional care facility, Las Cruces Port Acute and Rehab. Built in 2017, the facility features 50 beds and is in Las Cruces, New Mexico. It’s located within two miles of three short-term acute care hospitals that offer quality Medicare referral opportunities. Trailing EBITDAR was... Read More »

  • Public REIT Divests in Northern Louisiana

    by | May 8, 2024 10:07 am | Acquisitions

    Helios Healthcare Advisors facilitated the purchase of two assisted living communities in Northern Louisiana on behalf of an independent investment group based in Texas and Louisiana. Savannah Court of Bastrop and Savannah Court of Minden were owned by a public REIT and operated by a regional provider under a triple-net lease. Built in the late... Read More »
Building in Tampa Bay Area

Building in Tampa Bay Area

by | Apr 20, 2018 7:00 am | Developments, Financings

The Tampa Bay seniors housing market continues to grow, marked most recently by a brand-new assisted living and memory care community developed by Pridgen Development and equity investor Lindell Investments, called Tessera of Brandon. The $28 million, 107,000 square-foot community in the town of Brandon was funded by a $21 million, five-year loan provided by Hancock Bank and designed by Bessolo Design Group to include a total of 138 units, 89 of which are assisted living apartments, and the other 49 units are for memory care, with several different floorplans available. Its per-unit cost (at $202,900) is above the average cost for like-projects in the area, which currently stands at... Read More »