• Welltower Releases Strong Results, Again

    Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%.  In the fourth quarter, the REIT saw 400 basis points of average occupancy... Read More »
  • Omega Healthcare Investors Acquires Performing AL/MC Asset

    Omega Healthcare Investors announced that it acquired a seniors housing community in Alabama for $10.3 million, or $128,750 per unit. The community appears to be Proveer at Grande View, which has been rebranded as The Ridge at Grandeview. Blueprint was engaged by the seller in its divestment of this community.  Built in 1999, The Ridge at... Read More »
  • T7 Capital Hits the Ground Running

    Founded by industry veterans Ari Adlerstein and Josh Simpson in 2025, T7 Capital has hit the ground running, announcing more than $3 billion in closed transactions in their first year. And the team continued at that same pace into 2026, closing more than $200 million of transaction volume in January. T7 Capital, which advises clients on financing... Read More »
  • Stellar Senior Living Adds San Antonio Asset

    Ventas found a new operator for its Villa De San Antonio Senior Living community in San Antonio Texas, bringing on Stellar Senior Living, a Utah-based family-owned senior care owner/operator, to manage the community. The addition of this community, which was built in 2006 and features 219 independent living and assisted living units, expands... Read More »
  • Harrison Street Acquires Class-A Communities in Fairfield County

    A couple of new, high-end seniors housing communities in affluent Fairfield County, Connecticut, traded with the help of Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL Capital Markets’ seniors housing investment sales and advisory team. They represented the sellers, Virtus Real Estate Capital and LCB Senior Living, although LCB... Read More »
Brookdale Buys Eight NHI-Owned Communities

Brookdale Buys Eight NHI-Owned Communities

Brookdale Senior Living exercised its purchase option on eight assisted living communities that it operated on behalf of the owner, National Health Investors. The transaction was hinted at in NHI’s third quarter earnings report, which noted the properties as being held for sale. And Eric Mendelsohn, President and CEO, confirmed in the Q3 earnings call that the purchase price would start at a base of $37 million, with a fair market value component as high as $5 million which NHI and Brookdale would split 50-50. In the end, Brookdale paid $39.26 million, or $116,845 per unit. The eight communities, which were located in three states and totaled 336 units, contributed 2019 GAAP revenue of... Read More »
The Avery Company Announces Pair Of Acquisitions

The Avery Company Announces Pair Of Acquisitions

The Avery Company kicked off their 2018 in a strong way, closing two transactions in succession for clients in Tennessee and Connecticut. Jolyon Wilde first sold two senior living buildings located across the street from each other in Murfreesboro, Tennessee. Both built in 2001, there was a 68-unit assisted living community with 90% occupancy and a 26-unit memory care community just 75% occupied. Both were 100% private pay and operated at a combined 22% margin on approximately $4.03 million of revenues. A local doctor decided to sell the communities to Virginia-based Inspirit Senior Living for $12.45 million, or $132,450 per unit, with a 7.1% cap rate. Mr. Wilde was then joined by Larry... Read More »

Inspirit In Pennsylvania

Inspirit Senior Living just doubled its portfolio (to four properties), expanded its joint venture partnership with Care Investment Trust and grew its geographic reach with the acquisition of two personal care communities in Pennsylvania. Since being founded in 2015 by Greenfield Senior Living veteran David McHarg, Inspirit has taken a slow and steady approach to its growth, acquiring its first property in November 2016 (a 75-unit assisted living community in Winchester, Virginia for $9.38 million, or $125,070 per unit) and its second in February 2017 (a 120-unit AL/memory care community in Bartlett, Tennessee for $10 million, or $83,330 per unit). The two communities were considered... Read More »
The Yankees are coming

The Yankees are coming

Winchester, Virginia was the most fought-over town during the American Civil War, changing hands between the North and South as many as 72 times. Now, in a bloodless affair, a 75-unit assisted living community in town has a new owner (New York City-based Care Investment Trust), to the tune of $9.38 million, or $125,067 per unit, with a 7.4% cap rate. The community has undergone expansions since opening in 1990, including a 35-unit addition in 2008, and today includes 73 AL units and two independent living cottages. Both occupancy and the operating margin can be improved, with both standing at 83% and 22%, respectively. Also, monthly rates, ranging from $2,500 to $2,900 for semi-privates,... Read More »