• Ensign Acquires Iowa Skilled Nursing Facility

    Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage helped an industry veteran in Iowa sell his last solely-owned senior care facility, finding a publicly traded buyer in the process. The facility in question was Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, about one hour southeast of Des... Read More »
  • Investor Group Enters the Seniors Sector Through Idaho Purchase

    An assisted living/memory care community in Twin Falls, Idaho, traded with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. The campus opened in 1989 with an eight-unit building, and added two 15-unit buildings in 2009 and 2015, respectively. Some units were added to each building in 2023 and 2024, and... Read More »
  • Value-Add Owner/Operator Grows in Texas

    Amy Sitzman, Giancarlo Riso, Connor Doherty and Ryan Kelly of Blueprint got a seniors housing deal across the finish line in Odessa, Texas. Built in 2013 as part of an expansion to an adjacent CCRC, the building has 67 assisted living and memory care units. It had gone through multiple operator changes over the years. The deal was marketed as an... Read More »
  • Seller Divests Its Only Out-Of-State Asset

    Senwell Senior Investment Advisors facilitated the successful sale of a 100-bed skilled nursing facility in Pennsylvania. Built in 1987, the facility was developed by an Ohio-based operator as part of a broader growth initiative. Its occupancy rate was consistently strong, often exceeding 95%. It was the seller’s only out-of-state asset, leading... Read More »
  • Joint Venture Adds to Its Seniors Housing Footprint 

    Foundry Commercial and funds managed by affiliates of Fortress Investment Group acquired the RoseWood Village Assisted Living and Memory Care communities in Charlottesville, Virginia. The two communities, RoseWood Village at Greenbrier and RoseWood Village at Hollymead, will be operated by Foundry Commercial’s management company, Allegro Living,... Read More »
Five Facility Portfolio Finds New Operator in Northern California

Five Facility Portfolio Finds New Operator in Northern California

A portfolio of five skilled nursing facilities in northern California found a new operating tenant thanks to Nick Stahler of The Knapp-Stahler Group of Marcus & Millichap. Located around the Sacramento area, the facilities feature more than 300 beds and are owned by a private family office. They were originally leased to a regional skilled nursing operator, but that operator was primarily focused on the Southern California market. Operations actually improved slightly during the pandemic due to a higher Medicare census and the three-day stay waiver. But occupancy and expenses did worsen over the last two years. At close, occupancy was 82% with a 28% quality mix. A new regional operator... Read More »
New SNF Sells in Texas

New SNF Sells in Texas

A brand-new skilled nursing facility changed hands in central Texas, with the help of Nick Stahler and Austin Diamond of The Knapp-Stahler Group at Marcus & Millichap. Opened in 2019, the 88-bed facility was built as a replacement property by its regional owner. The pandemic took a toll on operations. Occupancy was 50%, and there was some positive cash flow, but the facility was heading towards stabilization. Given its newer vintage and lack of new competition in the area, we imagine once stabilized, it could operate at a healthy margin. The facility is also enrolled in QIPP, which should help.  Another regional owner with a presence in the state bought the facility for $7.0 million,... Read More »
Marcus & Millichap Closes Two Deals in Wisconsin

Marcus & Millichap Closes Two Deals in Wisconsin

Marcus & Millichap’s Ray Giannini has closed two deals in Wisconsin, comprising a 110-unit CCRC and named Ladysmith Care Community and a 50-bed SNF called Shell Lake Healthcare Center.  Ladysmith Care Community, located in Ladysmith, was built in the 1950s and 60s and renovated in 1991, and again in 2012. It has 20 RCAC units and 62 SNF beds and reported good occupancy.  Shell Lake, located in Shell Lake, was built in 1984 with an addition in 1994. It is located one mile away from a critical access hospital and contains 11 private rooms. Read More »
AL Sale in Arizona Closed By The Knapp-Stahler Group

AL Sale in Arizona Closed By The Knapp-Stahler Group

Nick Stahler and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap recently closed on the sale of an 83-unit assisted living/memory care community in the Phoenix, Arizona MSA. Built in 2017, the property includes more than 120 beds. A national private equity firm that originally developed the community also managed the property, but ran into challenges throughout the pandemic. They selected an experienced, western-based owner/operator to acquire the community, with a closing price falling significantly below replacement cost. No other details were disclosed.  Read More »
Knapp-Stahler Group Announce Three Closings

Knapp-Stahler Group Announce Three Closings

The Knapp-Stahler Group at Marcus & Millichap is heating up heading into NIC’s Fall Conference, announcing three closings across the country. Nick Stahler and Jeff Gabele first sold a 120-bed skilled nursing facility in Lexington, Kentucky on behalf of a large publicly traded operator. Built in 1986 and renovated/expanded in 2011, the property is in good physical condition. Operationally, however, it experienced significant setbacks during the pandemic, but census rebounded somewhat by the end of the sales process at 70%. That allowed the original offering price to stand, but it remains undisclosed. Dwight Capital arranged acquisition financing for the buyer, a high-net-worth... Read More »