• Public REIT Divests to Owner/Operator

    Blueprint facilitated the sale of a Massachusetts skilled nursing facility on behalf of a public REIT in the senior care sector. The REIT determined that the facility was a strong candidate for sale due to its location. Plus, the former operator was switching focus to other assets in its mutual portfolio.  Purpose-built in 1982 with... Read More »
  • Development Company Acquires Through Membership Buyout

    A Missouri-based real estate developer engaged Blueprint to facilitate its membership buyout of a joint venture partner. Brooks Blackmon, Ben Firestone and Lauren Nagle handled the transaction. Four years ago, the firm was brought on to raise capital, ultimately sourcing an institutional capital partner to develop a private pay seniors housing... Read More »
  • 60 Seconds with Swett: Previewing Our Capital Markets Conversation

    We know that the capital markets have made the biggest impact on M&A activity and property valuations in the last several years, changing the size of possible deals, the makeup of the properties sold and the buyers that could actually buy. Now that the capital markets have substantially improved and are getting better, barring a sudden and... Read More »
  • Seller Exits Seniors Industry with Divestment to REIT

    A single-asset seniors housing owner is exiting the industry with the sale of their property in Murrieta, California. Built in 2016 and 2018, Renaissance Village Murrieta has 142 units of assisted living and memory care in three stories. It was operating just below 70% occupancy, so there is plenty of room for a new owner to improve performance... Read More »
  • Deal Closes Following Buyer Withdrawals

    After a long process that saw multiple buyers pull out from the deal, the sale of Sarah Neuman Skilled Nursing Facility in Mamaroneck, New York, has closed with the help of Mark Myers at Kiser Group. Owned by a religious not-for-profit organization, The New Jewish Home, the facility features 301 beds and was losing money. Myers had previously... Read More »
Contemporary Healthcare Capital’s Latest Mezz Closings

Contemporary Healthcare Capital’s Latest Mezz Closings

Contemporary Healthcare Capital (CHC) closed two more mezzanine financings, working with bank partners to round out the capital stacks in the two transactions. CHC first returned to Wenatchee, Washington, where it had originally closed a $6.8 million construction loan and a $1.35 million mezzanine loan in December 2014 to fund Regency Pacific Management’s development of a 55-bed skilled nursing facility. After opening in 2016, the time has now come to refinance, and CHC was tapped to provide a $2.4 million mezzanine loan. CoastalStates Bank of Hilton Head, South Carolina provided the senior portion of the total $8.4 million uni-tranche loan. Then, in Mesquite, Nevada, CHC closed a $2.5... Read More »
HUD, Fannie Mae and A Bank, Oh My!

HUD, Fannie Mae and A Bank, Oh My!

Spreading the love this month, Lancaster Pollard worked with HUD, Fannie Mae and a bank to close its latest three transactions. Quintin Harris led the way on the HUD deal, closing an $11.7 million refinance to replace short-term, floating-rate commercial bank debt on a 95-unit senior living community in St. Michael, Minnesota. Moving forward, the community’s owners, Tealwood Senior Living and its partners, will be able to invest in the physical plant and better serve its residents. On the Fannie Mae financing, Casey Moore arranged a 12-year loan for an 89-bed memory care community in Olympia, Washington. Originally built in 1996, the community had an existing 10-year Fannie Mae loan that... Read More »