The Avery Company Archives - The SeniorCare Investor Dealmakers Forum, Senior Housing M&A

Bascom’s First Seniors Housing Acquisition of 2024

by mallozzi | Apr 16, 2024 4:01 pm | Acquisitions, Financings | 0 comments
The Bascom Group, a private equity firm specializing in value-add multifamily, commercial and non-performing loans, real estate-related investments and operating companies, acquired a seniors housing community in Boulder City, Nevada, to expand its portfolio. This marks its fifth acquisition of 2024, but first in seniors housing, following the... Read More »
Forbright Bank Closes Three Bridge Loans

by Ben Swett | Apr 16, 2024 4:00 pm | Acquisitions, Financings | 0 comments
Forbright Bank’s Healthcare Lending team closed three new bridge loans in the first quarter of 2024 to help finance the acquisition of two assisted living communities and two skilled nursing facilities in the Southeast and Midwest. In total, the properties comprised around 500 beds and ranged in age from a few years to 15 years old. Renovations... Read More »
Medistar Divests to Ignite in Texas

by mallozzi | Apr 16, 2024 3:59 pm | Acquisitions | 0 comments
Blueprint was enlisted by a private investor/developer, Medistar, to divest its value-add, senior care campus in Katy, Texas. Built in 2018, the campus features 70 skilled nursing beds and 78 assisted living units (with 34 beds). The campus maintained a steady lease-up trajectory that was halted due to the pandemic. With a minimal amount of... Read More »
60 Seconds with Swett: The Battle of the Brokers

by Ben Swett | Apr 16, 2024 3:26 pm | 60 Seconds | 0 comments
This Thursday, April 18th at 1pm ET, The SeniorCare Investor will be hosting its first ever Quarterly Investor Call, a virtual event available to our readers that will bring together the latest M&A and valuation data from our platform LevinPro LTC, relevant deal case studies and a robust Q&A period with our audience. Editor-at-large Steve... Read More »
Discussing HUD’s New Guidelines with Tim Eberhardt of CFG

by Ben Swett | Apr 15, 2024 9:47 am | Interviews | 0 comments
The SeniorCare Investor Managing Editor Ben Swett sat down with Tim Eberhardt, the Chief Lending Officer for Bridge and HUD Loans at Capital Funding Group, to discuss HUD’s new guidelines for Portfolio Corporate Credit Reviews, and how this could affect borrowers in 2024. Read More »

The Avery Company Announces Pair Of Acquisitions

by Steve Monroe | Jan 31, 2018 7:01 am | Acquisitions | 0 comments

The Avery Company kicked off their 2018 in a strong way, closing two transactions in succession for clients in Tennessee and Connecticut. Jolyon Wilde first sold two senior living buildings located across the street from each other in Murfreesboro, Tennessee. Both built in 2001, there was a 68-unit assisted living community with 90% occupancy and a 26-unit memory care community just 75% occupied. Both were 100% private pay and operated at a combined 22% margin on approximately $4.03 million of revenues. A local doctor decided to sell the communities to Virginia-based Inspirit Senior Living for $12.45 million, or $132,450 per unit, with a 7.1% cap rate. Mr. Wilde was then joined by Larry... Read More »

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Bascom’s First Seniors Housing Acquisition of 2024

Forbright Bank Closes Three Bridge Loans

Medistar Divests to Ignite in Texas

60 Seconds with Swett: The Battle of the Brokers

Discussing HUD’s New Guidelines with Tim Eberhardt of CFG

The Avery Company Announces Pair Of Acquisitions

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Irving Levin Associates LLC