• Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »

  • Public REIT Purchases Texas Class-A Seniors Housing

    by | Apr 23, 2024 3:56 pm | Acquisitions

    Blueprint was engaged in the divestment of a Class-A seniors housing community in San Antonio, Texas. Built in two phases in 2011 and 2017, Franklin Park TPC Parkway comprises 269 independent living, assisted living and memory care units. Following the completion of a six-year freeway expansion project that affected leasing, access to the... Read More »

  • Eads Sells Its 24th & 25th Missouri Community

    by | Apr 23, 2024 3:54 pm | Acquisitions

    Patrick Byrne of Eads Investment Brokerage facilitated the divestment of two seniors housing communities in Missouri. This marks the 24th and 25th communities sold in Missouri for Eads. The Moberly community (which we believe to be Mark Twain Assisted Living) comprises 35 assisted living/independent living units and sold for $2.57 million, or... Read More »

  • 60 Seconds with Swett: CMS Raises the Minimum Staffing Mandate

    by | Apr 23, 2024 3:48 pm | 60 Seconds

    On Monday, CMS came out with its final minimum staffing standards for nursing homes, but the eventual outcome is anything but final. Despite the outcry from nursing home providers from the previous proposed mandate of three hours per resident per day, asking simple questions like how can we pay for this and where will this newly needed staff come... Read More »

  • More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »
Evans Senior Investments Structures Sale of Brand-New Tampa Community

Evans Senior Investments Structures Sale of Brand-New Tampa Community

by | Nov 25, 2019 6:00 am | Acquisitions

A publicly traded REIT picked up a brand-new senior living community in Tampa, Florida, and we mean brand-new. Opened just this summer, the community was developed by Lindell Investments Inc. and Solutions Advisors, whose affiliate Solvere Living was also the operator. Featuring 64 assisted living and 38 memory care units, its total development cost was estimated to be $27.5 million, or around $270,000 per unit. The census, although still in fill-up, is 100% private pay. Amenities include a bistro and bar, a fitness center, and a salon and spa. The REIT buyer paid $28.75 million, or $281,900 per unit, for the community and will bring in a regional operator to manage it. The first task,... Read More »
Amenity-Rich Independent Living Opening in Virginia

Amenity-Rich Independent Living Opening in Virginia

by | Jul 12, 2019 3:08 pm | Developments

A brand-new independent living community is set to open this month in the Richmond, Virginia market to the tune of $31.6 million, or $213,500 per unit, to build. Featuring 10 different floor plans and one- or two-bedroom unit options, the Henrico community is located adjacent to a gated active adult community, where its resident will have access to the amenities. However, it also has its own numerous amenities, including an indoor pool, movie theater, four dining venues and a gazebo complete with fire pits and a full-service bar, to name just a few. Arlington, Virginia-based Bonaventure Realty Group developed the luxury community, and Solvere Living, an affiliate of Solutions Advisors... Read More »
Evans Senior Investments Structures Sale of Brand-New Tampa Community

Solvere Living Adds Three More Communities

by | Jun 6, 2019 2:22 pm | Developments

After 10 years in business, Solvere Living continues to expand its portfolio of managed senior living communities, recently adding three more in Texas and Florida to bring its total to 15 properties across eight states. The Texas community is located in Plano near three major medical centers. It features 44 assisted living and 21 memory care units on a four-acre campus. Then, Solvere added two Florida facilities. One, with 83 assisted living and 38 memory care units, is located in Jensen Beach (Port St. Lucie area) and features amenities including a pool, salon, spa, putting green and an outdoor entertainment center, among others. There is also an in-house rehabilitation clinic for... Read More »