• Michigan AL Communities Trade with Turnaround Potential

    by | Sep 19, 2025 3:30 pm | Acquisitions

    Madison Meiser and Bill Meiser of Meiser Commercial Real Estate completed two separate seniors housing transactions in Michigan. All parties involved had experience in the senior care sector, making the transactions smooth, aside from routine negotiations. The first transaction to close was in Plymouth.  Built in 1980, the assisted living... Read More »

  • Not-For-Profit SNF Owner Expands in Texas

    by | Sep 19, 2025 3:20 pm | Acquisitions

    A large not-for-profit owner of skilled nursing facilities in Texas added another facility to its portfolio in the Lone Star State. Set in the town of Georgetown just north of Austin, The Wesleyan was founded in 1962 in collaboration with The Methodist Church, but the current 40-acre campus was built in 2008 and expanded its offerings to include... Read More »

  • Phorcys Capital Partners Acquires AL/MC Community Through Receivership Sale

    by | Sep 19, 2025 3:06 pm | Acquisitions

    Phorcys Capital Partners acquired Village Veranda at Lady Lake, a 125-unit assisted living/memory care community in Lady Lake, Florida, adjacent to The Villages. Opened in 2019, the community was developed by Gordon Cos., Village Veranda Lady Lake LLC and SRI Management, which has operated the community since the start. SRI will stay on as... Read More »

  • Ensign Acquires Iowa Skilled Nursing Facility

    by | Sep 18, 2025 3:55 pm | Acquisitions

    Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage helped an industry veteran in Iowa sell his last solely-owned senior care facility, finding a publicly traded buyer in the process. The facility in question was Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, about one hour southeast of Des... Read More »

  • Investor Group Enters the Seniors Sector Through Idaho Purchase

    by | Sep 18, 2025 3:54 pm | Acquisitions

    An assisted living/memory care community in Twin Falls, Idaho, traded with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. The campus opened in 1989 with an eight-unit building, and added two 15-unit buildings in 2009 and 2015, respectively. Some units were added to each building in 2023 and 2024, and... Read More »

Stayin’ Alive

by | Sep 23, 2015 8:31 am | Acquisitions

A North Carolina skilled nursing facility that was built in 1994 but voluntarily closed in 2012 was purchased for $6.05 million, or $43,200 per bed. Owned by a regional owner/operator based out of the Southeast, the facility features 133 skilled nursing beds and seven assisted living beds. After closing the facility, the owner still kept the license and CON active, which was probably the motivation behind the acquisition, as the buyer, a North Carolina-based skilled nursing operator, will either invest capital to upgrade/reopen or build a new facility within the county. Patrick Burke of Senior Living Investment Brokerage handled the transaction. Read More »

CCRC in transition sells

by | Aug 12, 2015 8:32 am | Acquisitions

As many of you will read in this month’s issue of The SeniorCare Investor, we discuss the difficulties in valuing an entrance-fee CCRC and a rental CCRC. But how do you value a CCRC that is in the middle of transitioning from entrance fee to all-rental? That was the problem facing a faith-based nonprofit looking to sell its CCRC in St. Louis, Missouri. Built in 1984, 2003 and 2013, the community features 110 independent living units, 22 assisted living units, 22 memory care units and 41 skilled nursing beds. The owner exclusively operates entrance-fee communities, but during the Great Recession, they decided to convert the St. Louis community to all-rental. However, because of the move,... Read More »

Owner of three Texas SNFs exits the market

by | Jun 3, 2015 8:44 am | Acquisitions

We’ve heard it plenty of times in the last year, but an owner/operator is exiting the skilled nursing market with the sale of their three Texas skilled nursing facilities. The portfolio featured some assisted and independent living units, with a total of 473 beds/units. The facility in Waco is comprised of 90 skilled nursing beds, 72 assisted living units and 25 independent living units, and was 98% occupied. The facility in Richardson contained 106 skilled nursing beds and 62 assisted living units, and had a census of just 65%. Lastly, the 119-bed facility in Austin, which was solely skilled nursing, was 85% occupied. The portfolio, built from 1986 to 1988, was only operating at a 13.6%... Read More »

The Hollinger Group exits the seniors housing market

by | Apr 8, 2015 7:57 pm | Acquisitions

Last month, we wrote about Care Investment Trust’s purchase of the Hollinger South Portfolio, which included five properties in South Carolina (4) and Florida (1) and sold for $29.1 million, or $103,000 per unit. This month, the remaining senior living properties owned by The Hollinger Group, dubbed The Hollinger North Portfolio, were sold to Care Investment Trust, a subsidiary of Tiptree Financial, Inc., for $54.48 million, or about $181,000 per unit, with a 7.5% cap rate. The communities, which consisted of 299 units of assisted living and memory care units, were located in Maryland (3), New Jersey (1), Pennsylvania (1) and Virginia (1). Average occupancy was around 94% and the... Read More »