• Owner/Operator Acquires Its Second Community

    Unbridled Living, an owner/operator of independent living, assisted living and memory care communities across the United States, acquired its second seniors housing community, The Reserve at North Dallas. The Class-A community is in Dallas, Texas, with 247 independent living and 26 assisted living units.  The building was in good shape, as... Read More »
  • Not-For-Profit Sells Distressed SNF to Regional Owner/Operator

    A not-for-profit seniors housing provider with a century-long legacy of serving seniors divested an underperforming skilled nursing facility in Marietta, Ohio. The non-core asset no longer aligned with the seller’s strategy.  After a confidential marketing process, Connor Doherty, Ryan Kelly and Michael Segal of Blueprint identified a... Read More »
  • Public REIT Closes Out Multi-Transaction Portfolio Divestment

    Blueprint advised a public REIT on the sale of a portfolio of skilled nursing facilities across California, Florida and Virginia. The transactions were trifurcated by state, with the final closing in California. This SNF serves San Bernardino County, which has significant barriers to new development.  At the time of marketing, the facility... Read More »
  • Owner/Operator Acquires Revived Assisted Living Community

    Helios Healthcare Advisors represented Investcor in its divestment of an assisted living community that it acquired in 2019. The community had sat vacant after its closure in 2007 until Investcor’s purchase. Post-acquisition, the company invested more than $8 million in renovations, with the building reopening in 2020.  Fairhaven Denton... Read More »
  • VIUM’s Slew of Financings

    We have written about the uptick of liquidity in the seniors housing and care market, and the willingness among lenders to write bigger and bigger checks to finance larger portfolios. Well, VIUM Capital just announced a slew of financings totaling more than $180 million for four senior care portfolios.  The largest was arranged for three... Read More »
Not-For-Profit Exits Two Non-Core New Mexico Assets

Not-For-Profit Exits Two Non-Core New Mexico Assets

Blueprint’s next skilled nursing transaction came from out West, in New Mexico, and featured two facilities formerly owned by the largest not-for-profit senior care provider in the country, Sioux Falls, South Dakota-based Evangelical Lutheran Good Samaritan Society, which merged with another Sioux Falls-based healthcare company, Sanford Health, in June 2018 to create a $6 billion entity. Considered to be non-core by the nonprofit, the rural facilities totaled 150 skilled nursing beds and 25 independent/assisted living units but were located on opposite sides of the state in Aztec and Lovington. They were well maintained, with one facility recently undergoing a major renovation. Amy Sitzman... Read More »
HJ Sims Helps Out New North Dakota Joint Venture

HJ Sims Helps Out New North Dakota Joint Venture

HJ Sims helped finance a couple of the largest not-for-profit providers of senior care and health care in the country in order to team up and combine their services in the Bismarck/Mandan area of North Dakota. The Evangelical Lutheran Good Samaritan Society (ELGSS), which currently operates over 224 senior living and care communities, and Sanford Health, the largest rural, not-for-profit health care system with 45 hospitals and 289 other locations, each operate skilled nursing and assisted living facilities in the Bismarck area. In addition, Sanford Health operates an acute care hospital in the city. So, the organizations decided to form a joint venture to operate the facilities in the... Read More »