• Ensign Makes a Splash in Texas

    The Ensign Group closed out April with a bang, announcing the acquisition of the real estate and operations of 17 skilled nursing facilities spread across Texas, plus the real estate of two seniors housing communities in Wisconsin.  The Texas portfolio is majority-SNF, with 2,080 skilled nursing beds. There are also some seniors housing... Read More »
  • Public REIT Sells Value-Add Community to Joint Venture

    Kandu Capital, a family office specializing in real estate and healthcare, and its operating company, Bloom Senior Living, acquired an assisted living/memory care community in Ohio after strategically divesting a number of skilled nursing, behavioral health and seniors housing assets at healthy valuations. Those dispositions were initially... Read More »
  • Not-for-Profit Divests Its CCRC Portfolio to Another Not-for-Profit

    A portfolio of CCRCs in South-Central Pennsylvania changed hands from one faith-based not-for-profit organization to another, with Toby Siefert and Dave Balow of Senior Living Investment Brokerage handling the process. The pair represented the seller, SpiriTrust Lutheran, an 80-year-old operator based in York, Pennsylvania, in the sale of six... Read More »
  • AL/MC Community Trending Towards Stabilization Sells

    Blueprint’s suite of services was on display in the sale and financing of an assisted living/memory care community in Fredericksburg, Texas. Built in 2018, The Villages of Windcrest was performing well at the time of marketing, and was trending towards stabilization. Newer, performing properties are getting the most interest in the M&A market... Read More »
  • Montgomery Intermediary Group Brings on New Advisor

    Continuing its momentum in 2026, Montgomery Intermediary Group (MIG) announced that it hired Colin Thomas, CFA as an investment sales advisor. In this role, Thomas will lead seniors housing and skilled nursing transactions across Texas, Oklahoma, Arkansas and Louisiana, expanding MIG’s coverage and capabilities in these markets. Thomas’s... Read More »

Griffin-American starts small

After a busy year during which it made over $1.55 billion in healthcare acquisitions, Griffin-American Healthcare REIT-III recently made a relatively small deal in central Pennsylvania, acquiring a 120-unit independent/assisted living community in Palmyra for an undisclosed price. Built in 2007, this community was owned by AMC Delancey Group, Inc. and Heritage Senior Living, which will continue to operate under Griffin-American. Occupancy stood at 93% at the time of the sale. Joshua Jandris, Mark Myers, Charles Hilding and Andrew Hilding of Marcus & Millichap handled the transaction. Read More »

Keeping the pace

Aron Will of CBRE had yet another prolific month (after an already busy 2015), closing four transactions. Included in his totals were two acquisition financings (for the MorningStar Senior Living Colorado portfolio and Capitol Seniors Housing’s Seattle-area acquisition) already detailed in previous weeks. Mr. Will also recently arranged a $32.3 million 10-year Fannie Mae loan, with a fixed interest rate and 54 months of interest-only. The borrower, Westmont Living, will use the funds to refinance its 138-unit independent/assisted living community in Chico, California. Already with a 94% occupancy rate at the community, Westmont may look to convert a number of units to memory care in order... Read More »

Three high-priced acquisitions in PA

In a sale-manageback transaction, a non-traded REIT purchased three senior living communities with 328 total units in Pennsylvania from Heritage Senior Living for $87.5 million, or $266,800 per unit. Compared to the average price paid for AL/IL communities of $198,800 in the trailing-12 months ending Q1:2015 (according a supplemental report for the Senior Care Acquisition Report), this represents a significant premium. The properties, located in York, Bethlehem and Harleysville, Pennsylvania, offered independent living, assisted living and memory care services, and were well occupied at the time of the sale. Mark Myers of Marcus & Millichap handled the transaction. Read More »