• 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 »
CareTrust REIT Continues Growth Strategy with Covenant Care

CareTrust REIT Continues Growth Strategy with Covenant Care

by | Feb 15, 2019 7:03 am | Acquisitions

While many REITs have been net sellers in the last couple of years, especially in the skilled nursing market, CareTrust REIT has been quite the opposite, growing its portfolio to nearly 200 healthcare properties by the start of 2019. In its latest deal, the REIT announced a large sale/leaseback acquisition in the state of California. Involving four skilled nursing facilities and 503 beds, this portfolio has been owned and operated by Covenant Care. CareTrust already had a relationship with Covenant, having previously acquired two other skilled nursing and assisted living assets from a private landlord in 2016 and leased them back to the California-based operator under three separate... Read More »