• Public REIT Purchases Texas Class-A Seniors Housing

    by | Apr 23, 2024 3:56 pm | Acquisitions

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »

  • Eads Sells Its 24th & 25th Missouri Community

    by | Apr 23, 2024 3:54 pm | Acquisitions

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »

  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    by | Apr 23, 2024 3:48 pm | 60 Seconds

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »

  • More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »

  • Active Adult Expansion A Hit With Investors

    by | Apr 22, 2024 9:02 am | Developments

    How often have we heard that new development is dead? Or that CCRCs (LPCs) are on their way out? Too often. But how often do you hear about an Active Adult expansion on a CCRC campus, and one with entrance fees? Not often enough. That didn’t stop Three Pillars Senior Living Communities and Cain Brothers from putting together a plan that may... Read More »
Blueprint’s Deal Bonanza

Blueprint’s Deal Bonanza

by | Sep 16, 2019 10:15 am | Acquisitions

Was it just us, or did it seem like every time we left a meeting at the NIC Conference in Chicago last week, there was another Blueprint Healthcare Real Estate Advisors announcement in our inbox? We exaggerate…a little. The firm announced four deals during the conference, starting with one that we had learned about last month that saw Regional Health Properties sell four skilled nursing facilities in Alabama, Georgia and Oklahoma to affiliates of MED Healthcare Partners for $28.5 million. The existing operators were retained at all locations. Brooks Blackmon, Trent Gherardini and Ben Firestone led the way on the deal. Then, in Inman, South Carolina, Blueprint sold two skilled nursing... Read More »
HHC Finance Closes Several SNF Loans

HHC Finance Closes Several SNF Loans

by | Sep 10, 2019 2:34 pm | Financings

Housing & Healthcare Finance (HHC Finance) closed $24 million in HUD financing for a portfolio of three skilled nursing facilities with a total of 264 beds in Tennessee. The experienced borrower refinanced conventional debt with the transaction. Built in 1964, 1997 and 2007, the three properties ranged in occupancy from the low- to mid-80s. HHC Finance’s Capital Advisory Group also had an active August, placing close to $100 million in bridge loans for two portfolios of skilled nursing facilities in the Southeast. One of the portfolios consisted of 10 properties in Kentucky, while the other saw three facilities spread across Georgia, Alabama and Oklahoma. Read More »
HHC Finance Sizzles Again This Summer

HHC Finance Sizzles Again This Summer

by | Jul 17, 2019 6:00 am | Financings

Housing & Healthcare Finance (HHC Finance) has had a busy summer, closing three HUD refinances totaling $56 million, so far. All three loans were arranged for skilled nursing clients and featured interest rates substantially below 4%. Based on the rumblings (public or otherwise) from the Federal Reserve, it appears borrowers will have at least a couple more years of low-rate HUD debt as a financing option. Let the lenders rejoice! The facilities being refinanced are located in Pennsylvania (181 beds), Massachusetts (55 beds) and New Jersey (313 beds) and are all over 35 years old. Read More »
HHC Finance’s March Madness

HHC Finance’s March Madness

by | Apr 16, 2019 2:57 pm | Financings

Housing & Healthcare Finance posted a strong month in March with six HUD transactions closed for skilled nursing facilities in Florida, New Jersey, New York and Texas, plus one for a 156-bed supportive living facility in Illinois, all totaling $62 million. The Illinois closing marked the fifth supportive living HUD closing for HHC Finance in the last 12 months, an impressive stat given the small size of the market. Not resting on its HUD laurels, HHC Finance also announced that it placed about 15 bridge loans totaling more than $150 million in the first quarter, alone. They were closed by the firm’s Capital Advisory Group, led by Isaac Haas and Neil Gamss. Read More »
HHC Finance Refinances New York-Area SNF

HHC Finance Refinances New York-Area SNF

by | Mar 12, 2019 2:41 pm | Financings

Several years after acquiring a 160-bed skilled nursing facility, an experienced owner/operator is refinancing with the help of Housing & Healthcare Finance. Working through HUD, HHC Finance closed a $28 million loan for the greater New York area facility, replacing higher-rate and shorter-term debt in the process. Since the acquisition, the owner has significantly improved operations and obtained a five-star rating from CMS. Still, renovations were needed at the 20-year old facility, and the HUD loan will provide for around $7 million in improvements. Read More »