• Standalone Memory Care Community Sells in San Antonio

    by | Feb 10, 2026 3:19 pm | Acquisitions

    Soon after selling a standalone memory care community in Katy, Texas, Blueprint sold another one in San Antonio, Texas, that was built in 2013. The Landing at Stone Oak was originally marketed in late 2023, but the process came to a halt when ownership chose to continue improving operations rather than transact. The operational turnaround was not... Read More »

  • Investor Acquires Full AL/MC Community

    by | Feb 10, 2026 3:18 pm | Acquisitions

    A local private investment group divested its stabilized seniors housing community, Village at Oakwood Assisted Living. Originally built in 2010 with use of multiple layers of tax credits, the building comprises 90 assisted living and memory care units. The high-quality physical plant sits in Oklahoma City, Oklahoma, and was 100% occupied at the... Read More »

  • Joint Venture Expands Its Portfolio

    by | Feb 10, 2026 3:16 pm | Acquisitions

    Foundry Commercial and Fortress Investment Group acquired two seniors housing communities in Central Florida with a combined 180 assisted living and 72 memory care units (a total of 260 beds). This is the joint venture’s second transaction, marking the third and fourth communities added to the joint portfolio. The undisclosed seller was... Read More »

  • California SNF Gets New Operator

    by | Feb 10, 2026 3:14 pm | Acquisitions

    Evans Senior Investments helped the owner of a 120-bed skilled nursing facility find a new operator. The new management company, which has a strong regional footprint, will pay $3.75 million in annual rent to the investor owner, Don Gormly. Built in 2016, the 120-bed facility is Anberry Transitional Care in Merced, California. Its occupancy was... Read More »

  • CCRC Secures Funding for Expansion

    by | Feb 10, 2026 3:13 pm | Developments, Financings

    Ziegler announced the closing of Friendship Village of Kalamazoo’s $103.585 million Series 2026A, B-1, B-2, and B-3 bonds issued through the Economic Development Corporation of the City of Kalamazoo. Lifecare, Inc., doing business as Friendship Village Kalamazoo, is on approximately 72 acres within Kalamazoo, Michigan. The 364-unit CCRC comprises... Read More »

CareTrust REIT Closes Three SNF Deals

by | Sep 6, 2017 7:00 am | Acquisitions

CareTrust REIT clearly didn’t get that “Labor Day” is supposed to be a day of relaxation, not of, well, labor. Until the start of September, CareTrust had only announced four transactions, compared with the 13 announced in all of 2016. But the REIT ended summer with a bang, announcing three acquisitions comprising 13 total skilled nursing facilities and 1,232 total beds. CareTrust made its biggest splash in the Pacific Northwest and doubled its investment in two deals with its operating partner Cascadia Healthcare, LLC. The first transaction involved seven skilled nursing facilities and 571 beds located throughout Idaho, although the deal has only partially closed so far. It is supposed to... Read More »

Priority portfolio

by | Dec 2, 2016 8:30 am | Acquisitions

CareTrust REIT picked up a portfolio of skilled nursing facilities in the Dallas-Fort Worth area, adding a new tenant relationship in the process. Priority Management Group will take over operations, under a master lease agreement with CareTrust, at four recently built (or recently renovated) skilled nursing facilities that total 540 skilled nursing beds and 28 assisted living units. The portfolio is expected to generate first-year annual cash rent of $8.6 million, resulting in an initial cash yield of 8.9% on the $95.9 million, or $168,838 per bed, purchase price. We should note that the average price per bed for skilled nursing facilities in the four quarters ended September 30, 2016 is... Read More »