• Value-Add AL/MC Community Trades

    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

    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

    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

    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

    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 »
California SNF Acquisition Gets Financing from Harborview

California SNF Acquisition Gets Financing from Harborview

An experienced private investment group acquired a portfolio of six skilled nursing facilities thanks to bridge financing at 90% loan-to-cost. Totaling $51.9 million, the three-year loan was originated by Jonathan Kutner and Eli Kutner of Harborview Capital Partners, and negotiated by Robert Kellerman. The acquired facilities combine for 678 beds and are located throughout California. Read More »
Harborview’s HUD Haul

Harborview’s HUD Haul

Despite the backlog caused by the government shutdown earlier this year, Harborview Capital Partners’ HUD pipeline has been particularly active lately, totaling over $46 million in two March transactions. The larger transaction featured a $23.9 million loan closed on behalf of a brand-new 180-bed skilled nursing facility in Middlesex County, New Jersey. The team then closed a $22.25 million HUD loan for a 164-bed SNF in Chicago, Illinois. In addition, Harborview flew down to sunny Florida to arrange two transactions for assisted living clients. First, for a 136-bed community on the Gulf Coast of Florida, they closed a $6.7 million loan with a five-year term, 20-year amortization and 12... Read More »
Ohio Owner Heads Into Retirement With Sale

Ohio Owner Heads Into Retirement With Sale

The Buffalo, New York-based owner of two assisted living communities in Ohio decided it was time to retire and hired Eli Kutner and Avi Begun of Harborview Capital Partners to negotiate a successful exit. Located down Lake Erie in the Cleveland area, the communities total 250 units and 264 beds, including some memory care units. A regional operator looking to grow their portfolio paid $26 million, or $104,000 per unit, for the pair. Read More »
Is the SNF Market Bottoming Out?

Is the SNF Market Bottoming Out?

On September 27, our Editor Steve Monroe and a panel of experts that included Ryan Chase of Blueprint Healthcare Real Estate Advisors, Eli Kutner of Harborview Capital Partners and Stefan Oh of American Healthcare Investors, debated an important question: is the skilled nursing market approaching a bottom? And if it is, how do we value those facilities considering Medicare Advantage plans are shortening lengths of stay, Medicaid reimbursement dollars are getting squeezed and SNF censuses across the country are steadily declining? After hitting a peak of nearly $100,000 per bed in 2016, SNF values have dropped off about 20%. But demand is still high, and new buyers (big buyers) are hitting... Read More »
$196 Million HUD Refinance Closed By Harborview Capital Partners

$196 Million HUD Refinance Closed By Harborview Capital Partners

Harborview Capital Partners arranged a $196 million HUD refinance for a portfolio of 13 skilled nursing facilities and assisted living communities. Comprising 1,700 licensed beds, the portfolio is owned by a large regional operator. To replace the existing short-term debt, Ephraim and Jonathan Kutner of Harborview arranged multiple loans with 30 and 35-year terms, adding up to the $196 million. Read More »