• Ensign Makes a Splash in Texas

    by | May 1, 2026 3:51 pm | Acquisitions

    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

    by | May 1, 2026 3:51 pm | Acquisitions

    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

    by | May 1, 2026 3:50 pm | Acquisitions

    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

    by | May 1, 2026 3:49 pm | Acquisitions

    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

    by | May 1, 2026 3:48 pm | Uncategorized

    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 »
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 »