• Brookdale’s Operations Improve While NOI and Margins Lag

    Following the preliminary results announcement after the January 28 close, Brookdale Senior Living’s stock spiked 11.5% on January 29. Investors cheered the upbeat early numbers, but the mood shifted once the official quarterly and full-year results came out February 18 after the bell. The stock opened nearly 7% below the prior close and dropped... Read More »
  • Morgan Stanley and Foundry Commercial Exit Spring Arbor Portfolio

    Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, and Foundry Commercial have completed their exit from the Spring Arbor Senior Living portfolio through the sale of the remaining 11 assets. The seniors housing communities, located in Maryland and Virginia, comprise 795 assisted living and memory... Read More »
  • Investor Enters Seniors Housing Sector Through Recapitalization

    Amy Sitzman and Giancarlo Riso of Blueprint handled the recapitalization of Countryside of Wichita Falls, a 50-unit assisted living community in Wichita Falls, Texas. The asset offered value-add potential through renovations, rebranding and a planned memory care addition. As occupancy began to improve, Blueprint launched a marketing process,... Read More »
  • Public REIT Divests to National Provider

    A publicly traded REIT recently completed the wind down of its relationship with an outgoing operator through its sale of a seniors housing community in Wisconsin. Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint handled the deal, targeting local, regional and national investors. A growing national provider was selected as the... Read More »
  • Multiple Buyers Acquire Skilled Nursing Beds

    Under Ohio’s certificate of need regulations, skilled nursing beds can be transferred from counties deemed over-bedded to those experiencing a shortage. Taking advantage of this window, 12 separate sellers, motivated by downsizing, closures or strategic repositioning, transferred their beds with the help of Senwell Senior Investment Advisors. Ben... Read More »
Building in Tampa Bay Area

Building in Tampa Bay Area

The Tampa Bay seniors housing market continues to grow, marked most recently by a brand-new assisted living and memory care community developed by Pridgen Development and equity investor Lindell Investments, called Tessera of Brandon. The $28 million, 107,000 square-foot community in the town of Brandon was funded by a $21 million, five-year loan provided by Hancock Bank and designed by Bessolo Design Group to include a total of 138 units, 89 of which are assisted living apartments, and the other 49 units are for memory care, with several different floorplans available. Its per-unit cost (at $202,900) is above the average cost for like-projects in the area, which currently stands at... Read More »
Solvere’s Southeast Strategy

Solvere’s Southeast Strategy

Through a number of partnerships, Solvere Senior Living expanded its presence in three states by taking over management of three to-be-built assisted living/memory care communities in Florida (2) and Texas, and two existing independent living communities in Virginia. New Jersey-based Solvere has steadily grown its portfolio since its launch in 2009, with five senior living communities in five states (Virginia, West Virginia, Maryland, New York and Indiana) that it operates as either a third-party manager or an equity partner. However, by the end of 2018, Solvere expects to add five more properties to its portfolio. Lindell Investments, Inc. partnered with Solvere to develop the communities... Read More »