• 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 »
Values Surge Despite Persistent Worries

Values Surge Despite Persistent Worries

The 25th Edition of The Senior Care Acquisition Report is almost ready, but get your sneak preview and analysis in our upcoming webcast. We are diligently working on the 2020 edition of the Senior Care Acquisition Report, which we hope to have ready for publication by the end of the month. It will be the 25th edition of this market-leading report, and it has valuable M&A statistics that you will not find anywhere else, including trends over multi-year periods. Well, that is not exactly true. Next week we will be releasing some of those statistics in our annual webcast on the state of the seniors housing and care M&A market. Our panel will include brokers from Cushman &... Read More »
Walker & Dunlop Finances Another Cascade Capital Group Acquisition

Walker & Dunlop Finances Another Cascade Capital Group Acquisition

Walker & Dunlop’s Joshua Rosen arranged bridge financing for Cascade Capital Group’s acquisition of a 136-bed supportive living facility in Aurora, Illinois. Totaling over $11.0 million, the debt was structured and provided by W&D’s bridge lending program, which utilizes the company’s own balance sheet. It came with a nine-month term and full term of interest-only payments and allow Cascade to quickly execute on the acquisition. The loan also features flexible prepayment options, and Cascade expects to refinance through HUD later this year. If this sounds familiar, it’s because in August 2019, Walker & Dunlop provided a $12.8 million loan from its balance sheet to cover 100% of... Read More »
OREC Securities Leads Cape Cod Sale

OREC Securities Leads Cape Cod Sale

Late last month, we learned of Walker & Dunlop’s involvement in structuring acquisition financing for a senior care campus on Cape Cod. Now, it’s revealed that the OREC Securities team of Laca Wong-Hammond, Chad Elliott, Kevin Laidlaw and Aaron Becker led the sale on behalf of the seller. Located in the town of Brewster, Massachusetts, the property consists of a 135-bed skilled nursing facility built in 1995 and a 59-unit assisted living community that was added in 2007. Both were well occupied, but the owner/operator, Joshua Zuckerman, wanted to retire from the business. OREC, the investment banking affiliate of Lancaster Pollard, was originally brought on to sell the SNF and AL... Read More »
OREC Securities Leads Cape Cod Sale

Walker & Dunlop Announced Cape Cod Closing

Walker & Dunlop both structured and provided $28.3 million in acquisition financing for the new owner of a 194-bed senior care campus in the Cape Cod town of Brewster, Massachusetts. Coming with a two-year term and interest-only payments throughout the life of the loan, the financing covers about 90% of the acquisition costs, leaving the borrower with funds to execute on some renovations at the facility. That borrower was The Pointe Group, a private, family-owned and locally managed senior living and rehabilitation provider in Massachusetts. Previously owned and operated by Joshua Zuckerman, who wanted to retire from the business, the 135-bed SNF was built in 1995, while the 59-unit... Read More »
Walker & Dunlop’s New Seniors Housing Team

Walker & Dunlop’s New Seniors Housing Team

Walker & Dunlop expanded its senior care investment sales business in a big way, bringing in Managing Directors Mark Myers and Josh Jandris and Vice Presidents Jordyn Berger, Alex Vice and Mike Surak of IPA Seniors Housing, a division of Marcus & Millichap. The Chicago-based team will build on W&D’s existing multifamily property sales platform by bringing a new focus on seniors housing and skilled nursing property sales, building on W&D’s existing multifamily platform. They will also work closely with Walker & Dunlop’s senior housing financing group, which originated over $900 million in debt financing in 2018. Prior to making this move, the IPA team had closed over... Read More »