• NHI and National HealthCare Corporation Ending Master Lease

    by | Apr 23, 2026 2:55 pm | Acquisitions

    In a move to concentrate its portfolio on private pay seniors housing, National Health Investors divested a large skilled nursing portfolio for $560 million, before estimated transaction costs between $6 million and $8 million. The buyer was the current lessee, National HealthCare Corporation, whose legacy master lease was established in 1991 and... Read More »

  • Seniors Housing Communities Sell in Southwest Florida

    by | Apr 23, 2026 2:41 pm | Acquisitions, Financings

    Berkadia has announced a couple of closings in southwest Florida. First, Brooks Minford headed to the Tampa, Florida area to sell a 138-unit assisted living/memory care community on behalf of a local developer that was looking to exit the seniors housing business. They had built Tessera of Brandon in 2017 to feature a mix of 98 assisted living... Read More »

  • Global Investment Firm Re-Enters the Senior Care Industry

    by | Apr 23, 2026 2:40 pm | Acquisitions

    Global alternative investment firm Investcorp has re-entered the seniors housing sphere after its exit in 2008. The company has acquired three communities in Massachusetts, California, and New York, all within a short period.  The Massachusetts community is in Boston, and it offers both independent living and affordable seniors housing... Read More »

  • Investor Enters Seniors Housing Sector

    by | Apr 23, 2026 2:39 pm | Acquisitions

    Stone Brook Assisted Living in the Dallas, Texas MSA, has traded hands from a single-community owner/operator to a regionally-based investor. The seller was looking to enter retirement, and the investor wanted to make their first investment in the seniors housing space. Both seller and buyer agreed to pause the process in Fall 2025 to allow the... Read More »

  • Public Company Divests in Arizona

    by | Apr 23, 2026 2:38 pm | Acquisitions

    A publicly traded company focused on seniors housing recently divested a community in Mesa, Arizona. The asset features 68 assisted living and memory care units, and offered meaningful upside potential. Amy Sitzman, Kyle Hallion and Jake Rice of Blueprint handled the deal, which saw a competitive process with multiple offers from groups looking... Read More »
Dissecting the Jump in Average Assisted Living Values

Dissecting the Jump in Average Assisted Living Values

by | Oct 30, 2019 5:51 am | Statistics

It’s amazing the difference that one deal can make. We are talking about Welltower’s $1.76 billion sale of its entire Benchmark Senior Living portfolio to KKR and its impact on the average private per assisted living unit sold in the most recent four quarters. That sale, which came in at $425,400 per unit across the 48 properties, pushed the sector’s weighted average up to $252,900 per unit, a 23% increase from the most recent four-quarter period ($205,900 per unit) and 36% from calendar year 2018 ($186,400 per unit), according to The Seniors Housing Acquisition & Investment Report. We should note that this average is likely to change as more deals from 2019 float to the surface, and... Read More »
Deals Down So Far in 2017

Deals Down So Far in 2017

by | May 24, 2017 7:00 am | Opinion, Statistics

Long-term care has experienced a dip in M&A, but after nearly three straight years of 80+ transactions per quarter (starting in Q3:2014 with 83), with a couple exceptions, it is about time the M&A juggernaut slows down a bit. The first quarter’s volume fell to 76 deals, down from 93 in the previous quarter and from 84 in the year-ago quarter. And as of May 23, 2017, deal volume has so far not kept pace compared with the same period in 2016 with just 118 long-term care transactions recorded compared with 145 in 2016, a 19% difference. However, spending has nearly doubled (to $7.52 billion so far in 2017 from $4.37 billion in 2016), thanks to a few large deals that were announced in... Read More »

Sentio Healthcare Properties Agrees To Sell

by | May 5, 2017 7:02 am | Acquisitions

In breaking news, Kayne Anderson Real Estate Advisors announced that it entered into a definitive merger agreement to buy Sentio Healthcare Properties, which is partly owned by KKR (NYSE: KKR), in a transaction valued at $825 million.  Kayne is paying $14.37 per Sentio share in cash about 11.5 million shares) with some upward adjustments that will most likely take the price to $14.65, with the deal expected to close in the third quarter. Sentio is a public, non-traded REIT that owns a mix of seniors housing properties and MOBs. Citigroup Global Markets and Holliday Fenoglio Fowler (nice month they are having) were the financial advisors to Kayne, and Robert A. Stanger & Co. and UBS... Read More »

Decker joins Board of Directors

by | Oct 2, 2015 8:30 am | Opinion

Brookdale Senior Living announced that its Board of Directors appointed Daniel Decker as a Class I director and as the Non-Executive Chairman of the Board, effective October 1. Mr. Decker previously served on the boards of several REITs and other seniors housing companies, including Omega Healthcare Investors, Sentio Healthcare Properties, Health Care REIT (now Welltower) and Forum Group. Recently, he joined with KKR and Beecken Petty O’Keefe & Company to acquire the operations of Sunrise Senior Living in 2013. Mr. Decker will succeed Jeffrey Leeds in his position as Non-Executive Chairman of the Board. Read More »