• Inland Acquires Class-A Asset

    Inland Real Estate Acquisitions announced its acquisition of a high-end seniors housing community in Monument, Colorado (between Colorado Springs and Denver). We heard about the Class-A transaction about six weeks prior, when Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage announced their... Read More »
  • Institutional Investor Acquires Oklahoma SNF at Record Price

    A private investor looking to exit the skilled nursing business to focus on other ventures recently sold its Oklahoma City, Oklahoma, asset. The building is one of the newest skilled nursing facilities in the state.  The facility had a strong census at the time of sale, but there was some upside with a shift in the operating model. Daniel... Read More »
  • PE Firm Sells Community in Texas

    A seniors housing community in the Dallas-Fort Worth MSA recently traded with the help of Nick Stahler, Austin Diamond and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap. The large community, which features more than 200 units and 230,000 square feet, includes 163 independent living, 42 assisted living 15 and memory care units.... Read More »
  • DST Investor Buys Idaho MC Community

    A leading DST investor recently acquired a memory care community in northern Idaho. Set in the town of Rathdrum, about 25 miles northeast of Spokane, Washington, Generations Memory Care features 48 private units and is managed by Senior Services of America, an experienced regional operator with 15 properties in Washington, Oregon and Idaho. It... Read More »
  • Thrive Adds Three Assets in Georgia

    Thrive Senior Living grew its presence in its home state of Georgia, with the addition of three seniors housing communities. Developed by the Sawyer family between 2019 and 2022, the communities operated under the At Home Senior Living brand and are located in Cochran, Thomson and Jesup. Beginning in 2024, Thrive partnered with the Sawyer family... Read More »
Invesque Procures Credit Facility from People’s United Bank

Invesque Procures Credit Facility from People’s United Bank

People’s United Bank’s Healthcare Finance and Capital Markets Divisions led the way in arranging an $80 million senior secured credit facility for Invesque, Inc. to refinance existing debt associated with four senior living communities in eastern Pennsylvania and southern New Jersey owned in a joint venture with Heritage Senior Living. So far this year, Invesque (formerly Mainstreet Health Investments) has been one of the most prolific acquirers of seniors housing and skilled nursing assets, announcing four deals that comprised 27 total properties. The largest of those deals was the REIT’s purchase of the Commonwealth Senior Living portfolio for $340.4 million, or $236,400 per unit, which... Read More »

New “household” SNF under construction in Connecticut

A not-for-profit provider of long-term care in southern Connecticut, Jewish Senior Services (JSS) is planning on moving its 360-bed skilled nursing facility in Fairfield, Connecticut across the city line to Bridgeport where the company is building a new senior care campus, to be called Harry and Jeanette Weinberg Campus at Park Avenue. In Connecticut, you cannot move skilled nursing beds unless they are in the new “household” format, where you have groups of 14 private rooms in an area that all share a kitchen and other common areas (known also around the country as Green House Communities). Plus, the new SNFs can only have a maximum of 280 beds. So, in April 2014, JSS broke ground on a... Read More »