• Healthcare REIT Divests SNF to In-Place Operating Partner

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »
  • Near-Stabilized AL/MC Community Lands Refinance

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »
  • Record-Setting HUD Express Lane Application to Commitment

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »
  • Large Healthcare Owner Receives Financing

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »
  • Out-of-State Owner Divests to Investor

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
Senwell Sells Indiana “Green House” SNF

Senwell Sells Indiana “Green House” SNF

A month after closing an assisted living community sale in North Carolina, Senwell Senior Investment Brokerage switched gears to the skilled nursing market to sell a small facility in Goshen, Indiana. Opened in 2018 by an owner/operator, the facility consists of four homes in the “Green House” style, each with 12 private rooms.   Each home has a family room, dining room and kitchen, with an open concept. That separation may have also played a role in reducing the risk of COVID-19 outbreaks too. And it clearly worked at this location, as it quickly filled up with mostly Medicare and private pay residents. The community also operated at a strong EBITDAR margin. Ben Bohland... Read More »
Senwell Senior Investment Advisors Closes North Carolina Deal

Senwell Senior Investment Advisors Closes North Carolina Deal

With over 50 years of operating experience in the senior care market, a family owner/operator decided to sell its 55-bed assisted living community in Wake County, North Carolina. After several unsuccessful attempts to sell the property, the owners turned to Brandon Bohland of Senwell Senior Investment Advisors to help with the disposition. The renewed process generated interest from multiple parties, and ultimately a prominent operator in the Southeast stepped in to acquire the community.  Read More »
Senwell Arranges Another SNF Bed Sale

Senwell Arranges Another SNF Bed Sale

We’ve seen many skilled nursing facilities close this year and many long-time owner/operators exit the industry altogether, citing its more complicated regulations, difficult operating environment and capex needs. Bucking that trend, a regional skilled nursing operator in Ohio wanted to build a brand-new, state-of-the-art facility in Franklin County (outside of Columbus), but didn’t have the bed licenses. And they needed a significant number of them. So, Ben Bohland of Senwell Senior Investment Advisors worked to find a seller, guide them both through the CON application process and close the deal by year-end. One seller emerged, a national senior care operator that was changing its... Read More »
Senwell Senior Investment Advisors Sells Kentucky SNF

Senwell Senior Investment Advisors Sells Kentucky SNF

Ben Bohland and Brandon Bohland of Senwell Senior Investment Advisors announced the successful sale of a 73-bed skilled nursing facility in the Purchase Region of Graves County, Kentucky (the notch in the southwest part of the state). The facility’s seller was looking to exit in order to focus on their core assets, and to do so confidentially. So, in an off-market sale, Senwell found an exclusive buyer who has been expanding in the region to quickly and quietly close the transaction. The new owner plans to use that scale to reduce expenses. Read More »