Titan SenQuest Acquires Ohio Property
Helios Healthcare Advisors has been on a roll in the last month, closing several acquisitions and financings since mid-November. After about a year in operation, it appears Bill Janis and Mario Wilson have really hit their stride. Most recently, the pair represented an Ohio owner in the sale of their last senior living property (a common theme of 2019) in Summit County (Cleveland area). Since buying the 117-unit community in the 1990s, the previous owner invested capex in the 1980s-vintage property in the late-1990s and again in 2016. And despite occupancy in the low- to mid-80s, with nearly all private pay residents, cash flow was healthy at nearly $1 million in EBITDAR with a roughly 25%... Read More »
Helios Handles Wisconsin SNF Sale
Helios Healthcare Advisors handled the sale of an 87-bed skilled nursing facility in West Salem, Wisconsin. Originally built in 1963 with additions in 1968 and 1994, the facility is 100% Medicare-certified and provides physical, speech, occupancy and recreational therapy, as well as short-term rehab and traditional long-term care. It was previously owned by a Lakewood, New Jersey investor but was divested as part of a multi-stage strategy to exit the state and focus on markets closer to their headquarters. Mario Wilson and Bill Janis positioned the facility as a value-add opportunity and a found a buyer in a Midwest operator of nearly 30 skilled nursing facilities in four Midwest states.... Read More »
Helios Helps with Short-Term Refinance
With a maturing mortgage looming, the owners of a recently expanded assisted living/memory care community in Evansville, Indiana decided to refinance with the help of Mario Wilson and Bill Janis of Helios Healthcare Advisors. Originally purchased in 2012, the community underwent a complete renovation and re-opened in 2015 as Evansville’s first stand-alone memory care community. Shortly after lease-up, ownership decided to then add traditional assisted living units and services. However, their first mortgage was set to mature, and with an incomplete expansion project, the owners needed a short-term refinance solution. So, Helios arranged a 24-month, interest-only loan that took out the... Read More »
Helios Handles California SNF Refinance
Working with a regional bank, Bill Janis and Mario Wilson of Helios Healthcare Advisors structured a 15-year refinance of a 172-bed skilled nursing facility in California. The Golden State-based owner/operator engaged the Helios team to pay off its first mortgage and establish a new line of credit, resulting in the longest possible term and an interest rate fixed at 4.85%. The regional bank was looking to expand its presence in the skilled nursing space, so the deal was a clear win-win. Originally built in 1965 with an addition in 1975, the Los Angeles County facility was well occupied at 98%. It also boasts good clinical and quality of care ratings from the state. Read More »Schedule a demo
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