• Joint Venture Acquires Four AL/MC Communities

    by | May 8, 2026 3:25 pm | Acquisitions

    Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care... Read More »

  • Another Publicly Traded REIT Joins the M&A Mix

    by | May 8, 2026 2:59 pm | Acquisitions

    Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool... Read More »

  • Distressed AL/MC Community Gets New Owner

    by | May 8, 2026 2:56 pm | Acquisitions

    Scott Frazier, Kory Buzin and Steve Thomes of Blueprint advised a special servicer in the seniors housing sector on the sale of Spanish Vines, a well-maintained assisted living/memory care community. It sits in a densely populated Pocket-Greenhaven neighborhood of southwest Sacramento, California. The 88-unit community was generating negative... Read More »

  • Underperforming Community Sells and Secures Financing

    by | May 8, 2026 2:52 pm | Acquisitions, Financings

    A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts,... Read More »

  • Standalone MC Communities Secure Acquisition Financing

    by | May 8, 2026 2:50 pm | Acquisitions, Financings

    Berkadia recently announced three financings on behalf of three different sponsors. In one of the closings, Steve Muth and Ed Williams arranged $25.8 million in acquisition financing for Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. The bridge financing was provided through Berkadia’s Proprietary Lending... Read More »
Knapp-Stahler Group Handles Two Deals

Knapp-Stahler Group Handles Two Deals

by | Aug 25, 2021 9:57 am | Acquisitions

The Knapp-Stahler Seniors Housing Group of Marcus & Millichap announced a couple of seniors housing sales, led by Jim and Justin Knapp. Jim first sold a CCRC in Waterville, Maine for $10.2 million, or $69,400 per bed. Located on an entire city block, the campus includes a 111-bed skilled nursing facility plus 27 assisted living/memory care beds and nine independent living units. It was originally built in 1922 and renovated in 1970 and 1995. Five years ago, it was acquired by a regional not-for-profit. Occupancy has consistently been above 90% for all levels of care, and revenues were just below $13.8 million, so the unidentified new owner is coming into a strong operation. They used... Read More »
Marcus & Millichap Arranges Refinancing for Arizona Portfolio

Marcus & Millichap Arranges Refinancing for Arizona Portfolio

by | Aug 20, 2021 2:33 pm | Financings

Marcus & Millichap pulled double duty for a Tucson, Arizona-area owner for several of its assisted living communities, arranging a refinance for their existing AL/memory care portfolio in the area and acquisition financing for two others. Representing a limited liability company and seniors housing operator, Volt Migrino and Alex Snyder of Marcus & Millichap worked on deal, which resulted in total consideration of $4.61 million, for a loan-to-value of 125%. Part of the proceeds will help fund working capital needs at the properties. Both acquired communities feature 30 beds.   Read More »
Knapp-Stahler Group Closes Arizona Deal

Knapp-Stahler Group Closes Arizona Deal

by | Jul 16, 2021 9:32 am | Acquisitions

Nick Stahler and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap sold a memory care community in an attractive submarket of Scottsdale, Arizona at the end of June. The deal is the first of the newly formed partnership between Mr. Stahler’s and Jim Knapp’s respective broker teams to create a truly national brokerage service. Mr. Stahler brings a focus on the West Coast, while Michigan-based Mr. Knapp will concentrate on East Coast deals, but we imagine the two teams will help each other out whenever needed too.   Back to the Scottsdale deal, a 1031 exchange buyer paid $5.1 million, or $127,500 per unit for the property, which was struggling at the time of the sale. Built in... Read More »
Marcus & Millichap Sells in Southwest Kentucky

Marcus & Millichap Sells in Southwest Kentucky

by | Jan 14, 2020 4:51 pm | Acquisitions

The Knapp Group of Marcus & Millichap announced the sale of a 42-unit assisted living community in rural southwest Kentucky. Built in 2014 on over 10 acres, the community boasted occupancy around 90% and strong cash flow. It was previously a family-run business, but the Knapp Group secured a local buyer to take over both ownership and the operations of the property. Justin Knapp and Jeff Hollister, both based in M&M’s Detroit office, were the key advisors on the deal, which featured a purchase price of $8 million, or $190,500 per unit. Read More »
Reis Helps California Assisted Living Owner Exit the Business

Reis Helps California Assisted Living Owner Exit the Business

by | Dec 4, 2019 8:33 am | Acquisitions

Rob Reis of Marcus & Millichap recently sold a 45-unit assisted living community in Modesto, California, representing the single-asset owner/operator who was looking to exit the business. The seller developed the property in the 1980s, and has operated it ever since. Occupancy was 84%, and it was bringing in nearly $385,000 in NOI on approximately $1.5 million of revenues, for a 25% margin. Not bad for an older building, but it could still be improved. The buyer was Senior Living West, a growing investor/asset manager in seniors housing, which purchased the community utilizing a regional management organization, Cimino Care. They clearly didn’t want to waste any time starting, as the... Read More »