• Ensign Acquires Iowa Skilled Nursing Facility

    Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage helped an industry veteran in Iowa sell his last solely-owned senior care facility, finding a publicly traded buyer in the process. The facility in question was Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, about one hour southeast of Des... Read More »
  • Investor Group Enters the Seniors Sector Through Idaho Purchase

    An assisted living/memory care community in Twin Falls, Idaho, traded with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. The campus opened in 1989 with an eight-unit building, and added two 15-unit buildings in 2009 and 2015, respectively. Some units were added to each building in 2023 and 2024, and... Read More »
  • Value-Add Owner/Operator Grows in Texas

    Amy Sitzman, Giancarlo Riso, Connor Doherty and Ryan Kelly of Blueprint got a seniors housing deal across the finish line in Odessa, Texas. Built in 2013 as part of an expansion to an adjacent CCRC, the building has 67 assisted living and memory care units. It had gone through multiple operator changes over the years. The deal was marketed as an... Read More »
  • Seller Divests Its Only Out-Of-State Asset

    Senwell Senior Investment Advisors facilitated the successful sale of a 100-bed skilled nursing facility in Pennsylvania. Built in 1987, the facility was developed by an Ohio-based operator as part of a broader growth initiative. Its occupancy rate was consistently strong, often exceeding 95%. It was the seller’s only out-of-state asset, leading... Read More »
  • Joint Venture Adds to Its Seniors Housing Footprint 

    Foundry Commercial and funds managed by affiliates of Fortress Investment Group acquired the RoseWood Village Assisted Living and Memory Care communities in Charlottesville, Virginia. The two communities, RoseWood Village at Greenbrier and RoseWood Village at Hollymead, will be operated by Foundry Commercial’s management company, Allegro Living,... Read More »
Helios Sells Wisconsin SNF Portfolio (and a Home Health Business)

Helios Sells Wisconsin SNF Portfolio (and a Home Health Business)

Still less than a year after forming Helios Healthcare Advisors, Bill Janis and Mario Wilson are keeping the closings coming with a skilled nursing sale in Wisconsin, their first in the state (with Helios) but certainly not their last. The deal featured three skilled nursing facilities previously owned by a Wisconsin-based provider who decided to exit the industry after a longstanding presence in the local market. Also included in the sale was a home health company that brings not only solid revenues to the new owner, which is entering the home health business with this deal, but also another care option for their patients. That buyer ended up being a New York-based owner/operator with a... Read More »
Helios Gets New Tenants for Two Former Senior Care Centers Facilities

Helios Gets New Tenants for Two Former Senior Care Centers Facilities

Two skilled nursing facilities in Texas previously operated by the now-bankrupt Senior Care Centers found new tenants, courtesy of Helios Healthcare Advisors. Each featuring 120 beds, the Lubbock and Houston facilities are owned by a Texas-based developer that wanted to find new, more financially stable operators. Good call. Helios sourced two Texas-based regional operators to fill those roles, coming in with market lease rates and pre-negotiated purchase options. In addition, they received a short-term line of credit for CHOW coverage. With Helios’ help, they were able to smoothly take over operations. Read More »
Helios Heads to Jackson, Mississippi

Helios Heads to Jackson, Mississippi

Jeff Rhodes and Bill Janis of Helios Healthcare Advisors, continuing Helios’ impressive start to 2019, handled the sale of a 120-bed skilled nursing facility in Jackson, Mississippi. Originally built in 1984 with 60 beds and expanded with another 60 beds in 1997, this facility was previously owned by a local family with a good reputation in the area. Occupancy was solid at 84%, typically with seven or eight Medicare patients at a time. The buyer, a regional operator with a large presence in the state of Mississippi, may expand the short-term rehab program going forward. They paid $10.1 million, or $84,200 per bed, for the facility. Read More »
Here Comes Helios Healthcare Advisors

Here Comes Helios Healthcare Advisors

There’s a new brokerage business on the block, and it’s called Helios Healthcare Advisors. Founded by Bill Janis (formerly of Cambridge Realty Capital Companies) and Mario Wilson (from Blueprint Healthcare Real Estate Advisors), the firm just announced its first transaction, a $6.1 million acquisition financing arranged on behalf of a California-based joint venture. With the debt and equity capital (provided by a private, non-bank lender), a Northern California-based operator and Atlantis Senior Living, based in Orange County, California were able to purchase a 145-bed assisted living community in Joaquin County (Bay Area). In addition to the acquisition financing, Messrs. Janis and Wilson... Read More »