• Strawberry Fields REIT’s 2025 Growth

    by | Feb 20, 2026 3:31 pm | Acquisitions

    Strawberry Fields REIT reported its 2025 operating results, noting that it was the best year since its inception more than 10 year ago. The company posted significant increases in FFO and AFFO, and it completed more than $110 million in several new acquisitions. Its portfolio now includes 131 skilled nursing facilities, 10 assisted living... Read More »

  • Owner/Operator Exits SNF Sector

    by | Feb 20, 2026 3:29 pm | Acquisitions

    An independent owner/operator exited the skilled nursing sector through its divestment of Sunrise Country Manor, which has 80 beds in Milford, Nebraska, and features a mix of private and semi-private units. It maintained an 83% occupancy rate at the time of the sale. A regional operator looking to expand its footprint in Nebraska acquired the... Read More »

  • Assisted Living Providers Join Forces 

    by | Feb 20, 2026 3:28 pm | Acquisitions

    Majestic Residences recently expanded its footprint, adding 17 assisted living communities and six in active development, through its acquisition of Avendelle Senior Living. Avendelle will be integrated into the Majestic Residences platform, with Avendelle’s corporate team retained. The combined organization will operate under the Majestic... Read More »

  • Investor Secures Financing and Acquires Class-A Community

    by | Feb 20, 2026 3:27 pm | Acquisitions, Financings

    BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living.  BWE represented the seller, Hunt Midwest. The buyer was a... Read More »

  • Multiple SNFs Sell in Separate Transactions

    by | Feb 20, 2026 3:26 pm | Acquisitions

    A large skilled nursing company sold its 181-bed skilled nursing facility to a private investment firm based in New York, exiting South Carolina in the process. The buyer had an existing skilled nursing footprint, and will be leasing this facility to a regional operator. The building was older, built in the 1980s, and was around 80% occupied at... Read More »

Summit Healthcare buys at peak pricing

by | Sep 7, 2016 8:20 am | Acquisitions

We write in the September issue of The SeniorCare Investor that after a four-year surge, skilled nursing valuations may be at a peak. We give many reasons why the sector is currently valued so high (rightfully so) but also why it probably won’t rise any higher. But in the meantime, high-valued deals are still closing, including Summit Healthcare REIT’s acquisition of an interest in two Delaware skilled nursing facilities for a total purchase price of $54.1 million, or $162,952 per bed. The REIT made the acquisition through a joint venture between its wholly owned subsidiary, Summit Healthcare Operating Partnership, LP and Best Years, LLC, a wholly owned subsidiary of the Chinese... Read More »

LTC Expands with Thrive

by | Jul 20, 2016 8:30 am | Acquisitions

LTC Properties (NYSE: LTC) expanded its relationship with Thrive Senior Living, acquiring and then leasing another property to the Atlanta-based operator for $14.3 million, or $204,286 per unit. Receiving its Certificate of Occupancy in May 2016, the community in Athens, Georgia was actually developed by a joint venture between Thrive, Paragon Real Estate and Summit Healthcare REIT. It features 50 assisted living and 20 memory care all-private pay units, and was added to an existing master lease agreement at an initial incremental yield of 8.0%. This expands LTC’s relationship with Thrive to three communities, with two additional development projects expected to open by the end of... Read More »

Four Green Bay-area properties sold

by | Nov 25, 2015 8:30 am | Acquisitions

Jacob Gehl of Blueprint Healthcare Real Estate Advisors led the sale of a portfolio of four assisted living/memory care communities in Wisconsin for $18.35 million, or $146,800 per unit, with an 8.7% cap rate. Included in the portfolio were three properties in Green Bay, including a 20-unit stand-alone memory care community, and one in Appleton. Combined occupancy stood at 92% at the time of the sale, and the portfolio generated approximately $1.6 million in trailing EBITDAR on an annualized basis. Senior Housing and Healthcare Capital was the seller, while Summit Healthcare REIT was the buyer, which will lease the properties for a 12-year term to an affiliate of Compass Senior Living, an... Read More »