• Eight Wisconsin Senior Care Assets Sell in Four Deals

    by | Nov 21, 2025 3:02 pm | Acquisitions

    Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The... Read More »

  • Public REIT Offloads SNFs Following Lease Non-Renewal

    by | Nov 21, 2025 2:48 pm | Acquisitions

    Blueprint started the fourth quarter well after selling a portfolio of skilled nursing facilities in Florida, California and Virginia, on behalf of a public REIT. The existing tenant elected not to renew its master lease, prompting the portfolio divesture. The first closing was completed in Florida for two high-quality SNFs. The two facilities... Read More »

  • Senior Care Owner/Operator Acquires AL Community

    by | Nov 21, 2025 2:45 pm | Acquisitions

    Dan Mahoney and Dillon Rudy of Blueprint were engaged by a Louisiana-based not-for-profit owner/operator to market a 40-unit assisted living community in the Inland Northwest region of Idaho. The property maintained a steady resident base and in-place HUD financing. The organization was divesting because the asset no longer geographically aligned... Read More »

  • Developer Divests to Capital Group

    by | Nov 21, 2025 2:42 pm | Acquisitions

    A Class-A seniors housing community near Wichita, Kansas, found a new owner thanks to Evans Senior Investments. The seller developed the community in 2014 and has operated it since then. There are 101 units of independent living, assisted living and memory care. Occupancy was consistent around 90%, and the operating margin was in the high-20s,... Read More »

  • Stellar Senior Living Finances Arizona Community

    by | Nov 21, 2025 2:40 pm | Acquisitions, Financings

    Marcus & Millichap arranged $22 million in financing for The Springs of Scottsdale, a 143-unit independent living community in Phoenix, Arizona. Paul Winterowd secured the financing with a national life insurance company on behalf of Stellar Senior Living. The sponsor secured a five-year loan at 60% loan-to-value, with a competitive interest... Read More »
Institutional Property Advisors Sells Iowa SNF Portfolio

Institutional Property Advisors Sells Iowa SNF Portfolio

by | Jun 16, 2021 10:08 am | Acquisitions, Financings

In a strategic move to build its presence in the Midwest, Beacon Health Management acquired 10 skilled nursing facilities in Iowa last month. Ryan Fleming of Institutional Property Advisors represented the seller in this $24.2 million, or $42,600 per bed, transaction. Todd Lindblom was the broker of record.  The targeted properties within the Pearl Valley Rehab & Healthcare portfolio include 568 beds and currently generate total revenue of $35 million and EBITDA of $3.5 million. That results in a 14.5% cap rate on the deal.  Occupancy across the portfolio fluctuated around 75 to 80% during the sale process. Some COVID cases towards the end of the transaction resulted in a delay in... Read More »
Chicago Pacific Founders Acquires Pittsburgh Portfolio

Chicago Pacific Founders Acquires Pittsburgh Portfolio

by | Jul 19, 2019 8:20 am | Acquisitions

Chicago Pacific Founders announced its second acquisition for July, following up on its purchase of a senior living community in Scottsdale, Arizona by picking up three senior living communities in the Pittsburgh, Pennsylvania market. One of the communities, in North Versailles, was opened in 2009 and is fully stabilized. The other two were opened more recently, in April 2017 for the Bethel Park community and just earlier this year for the community in Pittsburgh. So, cash flow was uneven across the portfolio. The two older properties are independent living communities, while the newest property also features personal care units. As usual, Chicago Pacific Founders’ operating subsidiary,... Read More »
Chicago Pacific Founders Acquires Again

Chicago Pacific Founders Acquires Again

by | Jul 10, 2019 6:01 am | Acquisitions

A week after it was announced that Chicago Pacific Founders acquired a new senior living community in Conroe, Texas, the firm followed it up with another purchase, this time in Scottsdale, Arizona. Featuring 101 units of independent living and assisted living, the community will now be managed by CPF’s operating subsidiary, Grace Management. The community was originally built in 1998 and is located close to numerous shopping and medical centers. Chicago Pacific Founders plans to invest in improvements to the community in addition to renaming it. The final purchase price came to $27 million, or about $267,300 per unit. Steve Gebing, Hamid Panahi, Cliff David and Tony Cassie of Institutional... Read More »
New York Investment Fund Wins Bid For Knoxville Property

New York Investment Fund Wins Bid For Knoxville Property

by | Dec 7, 2018 7:02 am | Acquisitions

In late November, the team of Mike Surak, Joshua Jandris and Mark Myers of Institutional Property Advisors, a division of Marcus & Millichap, closed on the sale of a 69-unit assisted living and memory care community in Knoxville, Tennessee. The community opened in early 2017 with 54,000 square feet on 6.91 acres. Of the total, 51 units are assisted living and 18 are memory care. Occupancy had reached 90% by closing, and was forecasted to reach 95%. The IPA team obtained five offers, and the winning bid was $16.8 million from an upstate New York investment fund. This came to just over $243,000 per unit, and a 6.6% cap rate on annualized EBITDA.    Read More »