• Investment Firm Acquires in Missouri

    by | Jan 20, 2026 4:43 pm | Acquisitions

    Investment firm Lapis Advisers purchased a seniors housing asset out of state receivership in Kansas City, Missouri. The CCRC was distressed, having struggled with COVID-related challenges as well as a limited access to capital in recent years.  Kingswood Senior Living features 185 independent living (65 of which are large duplex cottages),... Read More »

  • Global Investment Firm Sells Community with Strong Momentum

    by | Jan 20, 2026 4:06 pm | Acquisitions

    A global real estate investment firm sold an independent living community in Iowa, engaging Blueprint’s Kory Buzin, Dillon Rudy and Steve Thomes to get the deal done. Built in 2002, the four-story community features 121 units, mostly with two-bedroom options. It appears to be The Arbordale in Urbandale, which was acquired in 2020 by Omaha,... Read More »

  • Large Operator Adds Turnaround Campus to Portfolio

    by | Jan 20, 2026 4:04 pm | Acquisitions

    A senior care campus in Ohio found a new owner with the help of Kiser Group. Set on 26 acres in a rural market east of Cleveland, the property features 76 skilled nursing beds, five assisted living units and three independent living units. It was originally built in 1950 but expanded through multiple additions between 1965 and 2001.  At the... Read More »

  • Texas Skilled Nursing Portfolio Sells

    by | Jan 20, 2026 3:57 pm | Acquisitions

    A portfolio of skilled nursing facilities traded hands in Texas before the end of the year. There are two assets in the Lubbock area and two in Central Texas that are located northwest of Austin. They comprise more than 430 beds, with between 100 to 120 beds at each of the four facilities. Three of the buildings were constructed in the 1970s, and... Read More »

  • CIBC Bank’s Recent Activity

    by | Jan 20, 2026 3:56 pm | Acquisitions, Financings

    CIBC Bank USA closed an impressive array of transactions in the last several months, totaling more than $800 million in credit facilities across the country. The largest transaction was an $85 million (with earn-outs) debt package for a senior care portfolio in the Northeast. The debt included a senior term loan and a mezzanine loan to refinance... Read More »
Marcus & Millichap’s County-Owned Specialty

Marcus & Millichap’s County-Owned Specialty

by | Feb 28, 2017 7:04 pm | Acquisitions

Marcus & Millichap’s newest senior managing director of investments, Joshua Jandris, along with Mark Myers and Charles Hilding, just sold their 30th county-owned skilled nursing facility. Located in Ballston Spa, New York, and owned by Saratoga County, the 277-bed skilled nursing facility was built in 1971 and 1972, with additions in 1978 and 1979. Occupancy was 95%, but we understand operations can be improved. That will be the job of the new private owner and its operating tenant. Read More »
Marcus & Millichap and CBRE Top Senior Care Broker Rankings

Marcus & Millichap and CBRE Top Senior Care Broker Rankings

by | Feb 10, 2017 8:31 am | Acquisitions, Opinion

While it was not exactly a repeat of 2015, it came pretty close. This year we had only 13 brokerage companies reporting their numbers, with a few active brokers deciding to take a pass this year for a variety of reasons. But they would not have taken the top spots, so no worries on that account. Based on the number of transactions closed in 2016, Marcus & Millichap came out on top for the second year in a row with 58 separate sales in the seniors housing and care market. This was down a bit from the 64 sales in 2015, but the entire market had a mild slowdown. Taking the number two spot for the second year in a row was Senior Living Investment Brokerage with 48 sales, also down from... Read More »
Pay up in Pennsylvania

Pay up in Pennsylvania

by | Jan 6, 2017 8:30 am | Acquisitions

Good and hard work is usually rewarded in this industry, and the single-asset private owner of an historically five-star rated skilled nursing facility in Lansdale, Pennsylvania is certainly retiring in style with the facility’s sale. Though the purchase price was undisclosed, we hear it sold for one of the highest prices per bed for a single-facility in Pennsylvania. Built in 1980 on just under six acres, the property was very well maintained and featured seven private rooms, 51 semi-private rooms and 24 three-bed wards. And in addition to a 96% occupancy, it also had strong cash flow. That operational success, combined with amenities like a business office, conference room, country... Read More »
Mobile Works

Mobile Works

by | Dec 16, 2016 8:30 am | Acquisitions

Brooks Minford, Rob Reis and Douglas Danny (with an assist from Eddie Greenhalgh) of Marcus & Millichap recently represented the owner of a 132-unit senior living community in its sale to a Jacksonville, Florida-based buyer. Located on 27 acres in Mobile, Alabama, complete with walking trails, this community was built in 1998 with 84 independent living units (including 22 single-family homes), 32 assisted living units and 16 memory care units. The community sold for $9.65 million, or $73,106 per unit/bed, which is low for seniors housing. For more information, check out the January issue of The SeniorCare Investor. Read More »

Purchase from Pardoll

by | Dec 2, 2016 8:31 am | Acquisitions

The tenant of a 64-bed skilled nursing facility in Jackson, Tennessee made the move to acquire the building from another private individual, at a cost of $3.25 million, or $50,781 per bed. Built in 1955 with an addition in 1989, this facility was 87% occupied and operated at a 14% margin with Grace Management in charge of day-to-day operations. Mike Pardoll of Marcus & Millichap handled the transaction. Read More »