• Southern California CCRC Refinances and Expands with Truist Financing

    To support the refinance and expansion of a not-for-profit CCRC in southern California, Truist Financial Corporation announced that it served as the sole lender of a $42.4 million loan. Originally developed in 1947, the community has grown on its 50-acre campus in La Verne, California to include 226 independent living units, 48 assisted living... Read More »
  • Blueprint Sells Oregon Community

    A memory care community in Coos Bay, Oregon may have closed a couple of years ago, but a new owner recently took over the building thanks to Dan Mahoney and Blake Bozett of Blueprint Healthcare Real Estate Advisors. Built in 1998, this 55-unit memory care community is located in Coos Bay on the central Oregon coast. Its previous owner originally... Read More »
  • New Jersey SNF Gets HUD Refinance

    Cambridge Realty Capital Companies secured a HUD refinance for a 102-bed skilled nursing facility in Madison, New Jersey. Previously owned by Extended Care Clinical, the facility last sold in 2016 for $8.3 million, or $81,400 per bed, to a family owner/operator.   Built in 1947 with 102 beds in two stories, the facility provides both short- and... Read More »
  • Home Health Care & Hospice Sees Busy M&A Week

    It was a busy week for home health & hospice (HH&H) transactions. Results from our Deal Search Online database show there were four announced last week alone, half of September’s total so far. Half of the deals were completed by private equity-backed companies, which highlights the continued interest in HH&H from PE firms.  Jet... Read More »
  • Many Impacts of COVID, But “Stupidity” Factor May Grow

    The views on where we are in this pandemic are bifurcating, just like in the acquisition market, but we are also dealing with the “stupidity” factor. Just like in the acquisition market, where values and cap rates have been bifurcating between the top “A” properties and the rest of the market, so are opinions as to the current state... Read More »
Off To The Races

Off To The Races

Just as the horses were coming into the stretch at the Derby last Saturday, Blueprint Healthcare Real Estate Advisors was closing on the sale of two skilled nursing facilities in Kentucky. They were built in 1993 and 1999, and one of the facilities underwent a $1.7 million renovation in 2014. Combined occupancy was 80% with revenues of $10 million. The sales price was $7.5 million, or about $51,000 per bed. Chris Hyldahl, Gideon Orion, Michael Segal and Ben Firestone represented the California-based seller, and the buyer was ClearView Healthcare Management.   Just to the south, Brooks Blackmon and Trent Gherardini of Blueprint sold a 120-bed skilled nursing facility in Butler,... Read More »