• PE Partnership Divests to a Publicly Traded REIT

    by | May 14, 2024 3:27 pm | Acquisitions

    Senior Living Investment Brokerage was brought on by a partnership in its divestment of an assisted living/memory care community in Freehold, New Jersey. The partnership was between Stephanie Anderson and Steve Walling, known as SilverStone HCRE, and a private equity group located in the west. During their ownership, NOI increased significantly,... Read More »

  • M&M Negotiates Lease, Purchase Option and Key Money

    by | May 14, 2024 3:25 pm | Acquisitions

    Nick Stahler and Austin Diamond of the Knapp-Stahler Group at Marcus & Millichap facilitated a lease-with-purchase-option transaction for a dually certified, 120-bed skilled nursing facility in the Dallas-Fort Worth area. The pair was also able to negotiate $500,000 of key money from the incoming operator for the landlord, a rarity in Texas... Read More »

  • Cain Brothers Secures Refinancing for New York Asset

    by | May 14, 2024 3:24 pm | Financings

    Cain Brothers advised FilBen Group on a $30.67 million HUD refinancing for Wallkill Realty Partners (dba Braemar at Wallkill), an assisted living community in New York. The proceeds on the loan will be used to refinance The Orange County Funding Corporation Assisted Living Residence Revenue Bonds, Series 2012, providing a long-term, fixed-rate... Read More »

  • 60 Seconds with Swett: The Current Lending Environment for Senior Care Properties Q&A

    by | May 14, 2024 3:22 pm | 60 Seconds

    The higher cost and scarcity of capital has made getting just about any deal done that much more difficult, from an M&A transaction to a refinancing to a new construction project. We know that we don’t need to tell most of you that. But we also know that right now is a great time to buy, that it may be the time to commence construction, and... Read More »

  • Sonida Senior Living On The Move

    by | May 13, 2024 2:37 pm | Acquisitions, Opinion

    It has taken a while, and a lot had to be done to strengthen the balance sheet over the past two years, but Sonida Senior Living is now on a path of growth, and recent announcements have shown it.  On May 9, the company closed on its first acquisition of the year with the purchase of a 100-unit assisted living and memory care community in... Read More »
Helios Sells Wisconsin SNF Portfolio (and a Home Health Business)

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

by | Jun 17, 2019 7:00 am | Acquisitions

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

by | May 30, 2019 2:40 pm | Acquisitions

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

by | Mar 29, 2019 7:00 am | Acquisitions

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

by | Jan 25, 2019 7:02 am | Acquisitions

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 »