• 60 Seconds with Steve Monroe: Brookdale Senior Living, What’s Next?

    So, the big vote occurred last week, and shareholders of Brookdale Senior Living have spoken. We are sure that the recent increases in occupancy convinced some shareholders to stick with management and its “plan.” But the nominees from activist shareholder Ortelius Advisors were not off-the-wall candidates. It was an excellent group, and despite... Read More »
  • Optalis Healthcare Acquires Michigan Portfolio

    Blueprint was engaged by Michael F. Flanagan, the duly appointed receiver of Spartan Holdco, LLC, et al. and approved by the Oakland County Circuit Court to run a marketing process sourcing qualified overbids for the auction sale of the SKLD (Skilled Living and Development) portfolio. Dubbed Project Spartan, the portfolio comprises eleven skilled... Read More »
  • National REIT Divests to Cougar Capital Management

    Haven Senior Investments facilitated a transaction between a national REIT and a real estate development firm based in Boston, Massachusetts. The seller, Summit Healthcare REIT, divested a seniors housing community in Littleton, New Hampshire, The Village at Riverglen. Built in 2002, The Village at Riverglen features 60 beds across 50 independent... Read More »
  • CFG’s H1 Financing Volume

    Capital Funding Group’s bridge-to-HUD and HUD teams financed more than $930 million across 50 transactions in the first half of 2025. These financings included 14 HUD loans, 21 bridge loans and 15 accounts receivable loans for clients across the country. Managing Director of Real Estate Craig Casagrande originated a few transactions throughout... Read More »
  • Stabilized Class-A IL Community Secures Refinancing

    Greystone arranged a $43.5 million debt placement to refinance a seniors housing community in Oregon. The 142-unit property is a recently built and stabilized Class-A independent living community. The community had strong trailing cash flows, on a shorter trailing period, but an upward trend. The financing was sourced by David Young.  The... Read More »
Omega Healthcare Investors Buys 24 Properties

Omega Healthcare Investors Buys 24 Properties

The fourth quarter earnings season is upon us, and Omega Healthcare Investors announced that it just closed a very significant acquisition. The REIT purchased 24 senior living communities for $510 million, or $199,840 per unit, from Healthpeak Properties. The acquisition included the assumption of an in-place master lease with Brookdale Senior Living for the properties, which are located in 11 states. The concentration is in Oregon (6 states), Texas (6) and Washington (4), with one each in the other eight states.  The annual lease payment is $43.5 million with a 2.4% annual escalator. That results in an 8.5% current lease yield, which is quite attractive,... Read More »
Blueprint Announces Two SNF Deals

Blueprint Announces Two SNF Deals

Two Blueprint Healthcare Real Estate Advisors teams helped a couple of institutional owners divest or find new tenants for their senior care assets. Michael Segal and Gideon Orion first represented a REIT in the re-leasing of its 143-bed skilled nursing facility in San Antonio, Texas. Built in 1967 about 15 minutes north of downtown, the facility maintained a four-star rating from CMS, the highest in the area. Despite three regional hospitals within 10 miles of the facility and its enrollment in the state’s QIPP managed Medicaid program, the SNF struggled with census.   Part of a larger portfolio owned by the REIT and operated under a master lease structure with the... Read More »
Senior Care Stocks Stay High After Vaccine News

Senior Care Stocks Stay High After Vaccine News

After Pfizer’s vaccine announcement on November 9, pretty much every publicly traded senior care provider and REIT saw their share prices jump significantly. We believe that much of the exuberance was mainly from the removal of uncertainty surrounding both the vaccine and the election, but as we said earlier this month, it is not like no one thought a vaccine would not be available in the months ahead. And there was still the fact that the Pfizer vaccine needs to go through the FDA approval process, not to mention manufacturing tens of millions of doses, and then distributing them.  But we also wondered if investors had gotten a little ahead of themselves,... Read More »
Blueprint Handles Sentara Healthcare’s SNF Exit

Blueprint Handles Sentara Healthcare’s SNF Exit

We covered Virginia-based hospital system Sentara Healthcare’s exit from the skilled nursing business in September and recently learned of Blueprint Healthcare Real Estate Advisors’ involvement in the deal. Sentara’s exit was brought about because of its planned merger with North Carolina-based Cone Health; however, the combined business will still maintain two PACE facilities in southeastern Virginia.   The skilled nursing portfolio consists of seven facilities located throughout southern Virginia, with five surrounding the Norfolk/Virginia Beach market. They were mostly built in the late-1980s and early 1990s, with one opening more recently in 2017. They range in size from 84 beds to 216... Read More »
Ensign Acquires Former Omega Healthcare Investors SNF

Ensign Acquires Former Omega Healthcare Investors SNF

The Ensign Group acquired a skilled nursing facility in Amarillo, Texas, picking up both the real estate and operations in the deal. Featuring 82 beds, the facility was formerly owned by Omega Healthcare Investors, which acquired it in a portfolio deal in June 2010. It was part of the 57-facility portfolio operated by Daybreak Venture, LLC that OHI was in the process of divesting after Daybreak paid less than $1 million in rent in the third and fourth quarters of 2019. This Amarillo location was just 45% occupied at the time of the sale.  Ensign paid an undisclosed sum for the property and will rename it The Medical Lodge of Amarillo. Its subsidiary Keystone Care LLC will take over... Read More »