• 12 Oaks Senior Living Appoints New CFO

    12 Oaks Senior Living appointed Elliott Westerman as CFO, effective immediately. Westerman has more than two decades of leadership experience across senior living, healthcare, and real estate sectors. As CFO, Westerman will oversee all aspects of financial management, including financial planning and analysis, capital structure strategy,... Read More »
  • Ensign/Standard Bearer Adds Two Facilities

    The Ensign Group acquired a couple of skilled nursing facilities through its real estate subsidiary Standard Bearer Healthcare REIT. The first purchase was for Duncanville Healthcare and Rehabilitation Center, a 124-bed SNF in Duncanville, Texas, which will be operated by a third-party operator subject to a long-term, triple-net lease. Ensign... Read More »
  • HTG Closes Two Separate SNF Transactions

    Healthcare Transactions Group (HTG) recently closed two transactions in Missouri and Maryland. The Show Me State deal involved Baptist Home of Independence, an 118-bed skilled nursing facility and 20-bed Residential Care Facility in the town of Independence. Built in 1977, the campus received a major renovation in 2021 and was 65% occupied. ... Read More »
  • VIUM’s New H1 Record

    VIUM Capital completed the first half of 2025 with an impressive $780 million in transaction par value. That volume was closed across 32 transactions, 51 separate properties and 14 states, comprising both bridge and permanent debt. It represents the strongest first half of the year in the company’s history. Part of that activity was more than... Read More »
  • Kiser Group Launches Seniors Housing Division

    Kiser Group, a leading multifamily brokerage firm, has announced the launch of its new Seniors Housing Division with the addition of industry veteran Mark Myers as Partner. This strategic expansion reflects the firm’s commitment to meeting the evolving needs of investors and operators in the growing senior living sector. With more than 30 years... Read More »
The JCH Group Shows Its Range

The JCH Group Shows Its Range

Nick Stahler and Jim Hazzard of The JCH Group had their work cut out for them but got the job done, selling a 97-unit assisted living community in Fulton, California on behalf of a family trust. There are some issues the new owner will have to address, however. Built in 1976, the community is in need of some renovations, over $3 million, in fact, estimated by the buyer. The payor mix could also significantly improve, as the community is almost entirely made up of SSI (Supplemental Security Income) residents, which doesn’t necessarily help the bottom line. Every room can be double occupied, with an 88% census based on the 194 beds at the time of the sale. Lastly, owned and operated by a... Read More »
The cost of opportunity

The cost of opportunity

A regional owner/operator in California saw a value-add opportunity when it acquired a 119-unit assisted living/memory care community owned by a large real estate investment company in San Bernadino County. Built over 25 years ago, the community was just 67% occupied at the time of closing. It sold for $15.5 million, or $130,252 per unit, which is about $68,000 less than the average price for assisted living communities in the four quarters ended September 30, 2016, and probably even lower than the average price for California properties. So there is certainly an opportunity to add value, but the work has to be done. Jim Hazzard and Nick Stahler of The JCH Group handled the... Read More »
Oceanside on Oahu

Oceanside on Oahu

Shep Roylance and Lee Blake of The JCH Group recently traveled to Hawaii to facilitate the sale of a 152-unit senior living property in Hauula. In this community, all of the units are licensed for assisted living, but a large portion of the residents require little to no care and are basically independent living. There are also memory care, hospice, respite and adult day care services. It was built in 1997 with 90,351 square feet on 7.98 acres, and comes with a 99-year land lease. A local owner/operator paid $6.64 million, or $43,684 per unit, for the community, and Messrs. Roylance and Blake represented both the buyer and seller in the transaction. Read More »

New life for Pasadena ALFs

Shep Roylance of The JCH Group recently facilitated the bankruptcy sale of three assisted living communities in Pasadena, California. The portfolio featured a 70-unit/136-bed community built in 1951, a 20-unit/40-bed property built in 1940 and a 30-unit/60-bed community built in 1956. They are as old as the Baby Boomers. Occupancy ranged from 85% to 92% among the properties, but they could all use some capex. The three California LLC owners filed for bankruptcy protection in late 2015 and the auction and sale hearing were in January 2016, facilitated by Mr. Roylance. SYTR Real Estate Holdings, LLC was the buyer and will look to increase census and acuity at the communities. They paid $10.9... Read More »

JCH pair closes two sales

The team of Jim Hazzard and Nick Stahler of The JCH Group closed the sale of two assisted living/memory care communities totaling $18.9 million. First up, an owner/operator sold its only senior care asset, an 86-unit AL/MC community in San Bernadino County, for $13.6 million, or $158,140 per unit. Built in 2002, the community featured 62 AL units and 24 memory care units, and was decently occupied at 86%. A national seniors housing owner/operator was the buyer and should be able to use some economies of scale to improve operations. And second, Mr. Hazzard and Mr. Stahler sold an assisted living/memory care community in San Joaquin County for $5.3 million, or $120,455 per unit. Again, the... Read More »