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60 Seconds with Swett: M&A Activity Heats Up in May
by Ben Swett | May 21, 2024 3:37 pm | 60 Seconds, Acquisitions
We have said this before, but the seniors housing and care M&A market is on pace to record its best-ever year in terms of transaction activity, and by some margin. Already by this point in May, we are closing in on 250 transactions for the year, so far, which puts us on track for more than 600 publicly announced deals when we close out 2024.... Read More » -
National REIT Re-Tenants Vacant Oklahoma Seniors Housing Asset
by mallozzi | May 21, 2024 3:36 pm | Uncategorized
Blueprint’s behavioral healthcare team advised a national REIT to re-tenant a vacant seniors housing asset in the Tulsa, Oklahoma MSA. The existing asset was vacant at the time of engagement and identified as a great candidate for a behavioral healthcare provider due to strong demand and referral networks for inpatient substance abuse and mental... Read More » -
Atlas Healthcare Makes CCRC Purchase in Massachusetts
by mallozzi | May 21, 2024 3:33 pm | Acquisitions
Evans Senior Investments was engaged by an independent owner/operator in its divestment of a CCRC in Shrewsbury, Massachusetts. Shrewsbury Campus is made up of three components: Southgate at Shrewsbury (senior living), Shrewsbury Nursing & Rehabilitation (skilled nursing) and Shrewsbury Medical Center (medical office buildings). ESI ran a... Read More » -
HutsonWood at Spring Hill Secures Funding
by mallozzi | May 21, 2024 3:32 pm | Financings
Ziegler announced the closing of HutsonWood at Spring Hill, Inc.’s Series 2024 revenue bond anticipation notes. The notes are comprised of $14.67 million of Series 2024A tax-exempt notes sold publicly to institutional investors and $3.0 million of Series 2024B subordinate taxable notes purchased by an affiliate of the borrower. HutsonWood (dba... Read More » -
Novellus Divests in Colorado
by mallozzi | May 17, 2024 4:16 pm | Acquisitions
Evans Senior Investments arranged the sale of an assisted living community in Denver, Colorado, representing Novellus Living in the transaction. ESI previously facilitated the sale of the community less than two years ago. Originally built in 2002, Novellus Cherry Creek comprises 66 units and operates on a 59% private pay basis. In 2022,... Read More »