• Seniors Housing M&A Market Comes to Life

    by | Jun 3, 2020 9:20 am | 60 Seconds, Opinion | 0 comments

    Welltower’s recent announcement of two portfolio sales at low cap rates during the pandemic bodes well for the market. It has been a quiet past few weeks in the seniors housing M&A market. Last week was the first time we can remember when we have gone an entire week without one announced acquisition. That leaves us worried as to the... Read More »

  • Newmark Knight Frank Handles Welltower’s $1.3 Billion Sale

    by | Jun 3, 2020 9:17 am | Acquisitions | 0 comments

    There were rumors circulating last month of a major portfolio sale by one of the healthcare REITs, and given the dearth of deals in May, we clung on to the promise of it. Well, on June 1, Welltower announced not one, but two large seniors housing portfolio dispositions, along with a major medical office building sale, all combined for a roughly... Read More »

  • Two REITs Provide COVID and Census Updates

    by | Jun 3, 2020 9:12 am | Opinion | 0 comments

    Welltower recently disclosed what has been happening at its large seniors housing operating portfolio (SHOP), and we again give them credit for being transparent with investors as to the operating performance of its customers. In the second quarter through May 29, its SHOP portfolio has seen occupancy decline by 420 basis points. That’s the... Read More »

  • May’s M&A Meltdown

    by | Jun 3, 2020 9:07 am | Acquisitions, Statistics | 0 comments

    The M&A statistics are in for May, and it was a doozy. Only 19 seniors housing and skilled nursing deals were publicly announced during the month, nearly half of which coming from the first quarter earnings reports of several public companies. Without those, we would have barely made it to double digits. You have to go back to July 2017 for... Read More »

  • Blueprint Closes Another LTC Properties Sale

    by | Jun 3, 2020 9:03 am | Acquisitions | 0 comments

    After representing LTC Properties in its five-phase sale of a 2,500-bed skilled nursing portfolio, Blueprint Healthcare Real Estate Advisors went back to the well, handling LTC Properties and Senior Lifestyle Corp.’s sale of two large seniors housing campuses in Arizona. The deal closed on April 21, with Humair Sabir, Amy Sitzman and Jacob Gehl... Read More »
Cushman & Wakefield Recapitalizes New England Seniors Housing Portfolio

Cushman & Wakefield Recapitalizes New England Seniors Housing Portfolio

by | Oct 17, 2018 7:00 am | Acquisitions | 0 comments

Cushman & Wakefield served as the exclusive advisor to a joint venture between LCB Senior Living and Harrison Street Real Estate Capital in their recapitalization of four New England seniors housing communities. LCB had already been operating three of the properties in Massachusetts (Ipswich) and Connecticut (South Windsor and Avon) since their construction in 2014 and 2015. But the fourth property (in Lincoln, Rhode Island) was built in 2009 and acquired by LCB and Prudential Real Estate Investors in 2013 for $11 million, or $183,300 per unit. The communities market to independent living residents and allow for transitions to higher care levels including assisted living and memory... Read More »
Chicago Assisted Living Community In Lease-Up Sells To Joint Venture

Chicago Assisted Living Community In Lease-Up Sells To Joint Venture

by | Sep 19, 2018 7:02 am | Acquisitions, Financings | 0 comments

A newly-opened and quickly-stabilizing assisted living community in the affluent Chicago suburb of Prospect Heights, Illinois sold with the help of Richard Swartz, Jay Wagner and Timothy Hosmer of Cushman & Wakefield. Developed in May 2017 by a joint venture between Oz Real Estate, Grandbrier Senior Living and Pathway to Living (the operator), the community features 69 assisted living and 32 memory care units. Three of the MC units featured a shared shower space between two residents, with each resident having their own bathroom and vanity. Lease-up was strong (averaging over five net move-ins per month), and by the time of the sale it was just under 70% occupied. With the current... Read More »