• CIBC Completes Several Financings

    CIBC Bank USA announced a handful of senior care financings across multiple states. First, the company closed a $17.5 million cash-out refinancing for a regional operator’s portfolio of three skilled nursing facilities with 235 total beds in northeast and southeast Massachusetts, and southern New Hampshire. The facilities have an effective age of... Read More »
  • Blueprint Adding HUD Lending Platform

    Fresh off another record-setting year for investment sales activity, Blueprint announced a major expansion of its capital markets services to now include FHA/HUD lending and servicing capabilities. The firm is acquiring the existing FHA/HUD lending platform of MidCap Financial Services, and hiring Tony Marino, formerly of Cambridge Realty Capital... Read More »
  • More New Capital Enters Seniors Housing

    A fully-integrated real estate firm that is well known in the student housing world announced its foray into the seniors housing industry. Landmark Properties focuses on the development, construction, acquisition, investment management, and operation of high-quality residential communities, but the company’s intent is to invest in ground-up... Read More »
  • Berkadia’s Recent Financing Activity

    In the past 30 days, Berkadia’s Jay Healy and Andrew Lanzaro have closed $111.5 million across four financings for four separate sponsors, encompassing eleven properties in six states. The activity included three bridge financings totaling $69.6 million from Berkadia’s proprietary balance sheet and a $41.9 million HUD refinance. The first... Read More »
  • Inspirit Senior Living Appoints New President

    Torey Riso is heading back to the operating world, joining Inspirit Senior Living as President as of March 16. He joins Dave McHarg, who is the CEO of Inspirit and Founding Partner of the company. Since its founding in 2015, Inspirit has grown to 37 properties under management, with Inspirit holding an equity interest in around half of those. ... Read More »

Blueprint Healthcare Real Estate Advisors Is Booming

Blueprint Healthcare Real Estate Advisors has been on a roll recently, to say the least. Perhaps this sales spurt was kick started by some new energy entering the firm in the form of Pamela Pyms and Hayden Behnke of Pyms Capital Resources, because since that announcement, Blueprint has closed seven transactions accounting for 30 facilities. We detailed the first four in this month’s issue of The SeniorCare Investor, which will hit your desks next week. Which included Blueprint’s largest transaction of the bunch, involving 18 skilled nursing facilities and some 1,843 total licensed beds. Located in Kansas (9), Missouri (6), Iowa (2) and Nebraska (1), these midwestern SNFs were part of the... Read More »

Booming Blueprint

Following Blueprint Healthcare Real Estate Advisors’ announced acquisition of Pyms Capital Resources, the brokerage firm highlighted its growing strength with two more deal closings in the middle of the country. First up, Christopher Hyldahl and Giancarlo Riso arranged the sale of a six-facility skilled nursing portfolio in Iowa on behalf of the local owner/operator seller. The portfolio, which includes 273 total dually-certified beds, offers a huge opportunity for improvement to the buyer, a New York-based owner/operator interested in expanding in Iowa. Built over the last 20 years by the seller, the portfolio was just 52% occupied at the time of the sale, but had a quality mix of... Read More »
Pyms Capital Resources Joins Blueprint Healthcare Real Estate Advisors

Pyms Capital Resources Joins Blueprint Healthcare Real Estate Advisors

On the eve of NIC’s Spring Investment Forum in San Diego, Blueprint Healthcare Real Estate Advisors announced the joining of its firm with Pamela Pyms and Hayden Behnke of Pyms Capital Resources. Working together since 2011 out of Denver, Colorado, Ms. Pyms and Ms. Behnke not only bring their talent for deal making to Blueprint, but local market expertise of Colorado and the surrounding region. Pyms Capital Resources also helps developers source equity and debt, in addition to arranging partnerships among institutional investors and national operators. In Blueprint, Ms. Pyms and Ms. Behnke are joining a fast-growing brokerage firm with 45 transactions and $554 million in business closed in... Read More »

Rocky Mountain Expansion

Legacy Retirement Communities is slowly expanding out of its home state of Utah, where it already operates nine senior living communities. After opening its first out-of-state community in 2009 in Arizona, the company plans to open its second this fall in Las Vegas, Nevada. Now, Legacy has its eye on another state, having just acquired 6.73 acres in Castle Pines, Colorado for $2.1 million, or nearly $7 per square foot. Legacy plans to build a 178-unit senior living community with independent living, assisted living and memory care services. Pamela Pyms of Pyms Capital Resources represented the seller, Pinark LLC, in this transaction. Read More »