• Public REIT Acquires New England Seniors Housing Portfolio

    by | Apr 9, 2026 3:21 pm | Acquisitions

    Blueprint announced that it handled the sale of a three-community private pay seniors housing portfolio in Rhode Island. A Dallas-based private equity firm engaged Blueprint in 2025 to sell the portfolio, which it acquired with Capital Health Group in 2019. The assets comprise 367 independent living, assisted living and memory care units in the... Read More »

  • Regional Owner/Operator Exits Senior Care Industry

    by | Apr 9, 2026 3:20 pm | Acquisitions

    Senior Living Investment Brokerage completed a regional owner/operator’s exit from the seniors housing industry with a third and final disposition. The asset was The Homestead in Fallon, Nevada, about one hour east of Reno. It was originally built between 1972 and 1980 and has undergone significant renovations in 2007 and 2018. Most recently, in... Read More »

  • Well-Performing SNF Trades in Iowa

    by | Apr 9, 2026 3:18 pm | Acquisitions

    A skilled nursing facility in Cedar Rapids, Iowa, that boasted strong occupancy levels and consistent cash flow traded hands. The facility had long-standing referral relationships and a reliable census pipeline. But, there is still room for upside.  Ownership was intentional in selecting a buyer that would preserve and build upon the facility’s... Read More »

  • Class-A Active Adult Community Trades

    by | Apr 9, 2026 3:16 pm | Acquisitions

    An active adult community north of Houston, Texas, sold with the help of Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare. Alders Magnolia encompasses 184 units in Magnolia, and was built in 2021. The seller was Capitol Seniors Housing, and the buyer was Texas-based active adult development and... Read More »

  • Not-for-Profit Divests to For-Profit Owner/Operator

    by | Apr 9, 2026 3:16 pm | Acquisitions

    Senwell Senior Investment Advisors announced the closing of two separate senior care sales. First, Brandon Bohland and Collin Hempfling handled a faith-based not-for-profit organization’s divestment of a senior care campus in the Charlotte, North Carolina MSA. The campus has a 50-bed skilled nursing facility and a 96-bed assisted living... Read More »
Lument Arranges Bank Loan For Watercrest Community

Lument Arranges Bank Loan For Watercrest Community

by | Mar 19, 2021 9:38 am | Financings

Lument arranged bank financing for Watercrest Senior Living’s newly built senior living community in Tarpon Springs, Florida. Steve McGee, managing director at Lument since joining the team in 2020 to head its debt syndication group, led the transaction, which took out construction debt at the property. Opened in 2018, Market Street East Lake has 64 units of memory care and joined Watercrest’s growing portfolio, which currently numbers 13 properties across the Southeast.  The new bridge-to-agency loan totals $12.3 million and covers about 70% of the property’s value. That puts the community at around $275,000 per unit in value. The debt came with a floating interest rate for a five-year... Read More »

Blueprint Booms In June

by | Jun 16, 2017 7:02 am | Acquisitions, Developments

Adam Sherman of Blueprint Healthcare Real Estate Advisors brought several parties together to arrange the capital for a $30 million assisted living/memory care development in Kissimmee, Florida. Located on a 3.4-acre site in the Osceola Corporate Center, a 900+ acre master planned mixed use development, the community will feature 104 units/114 beds of assisted living and 24 private memory care units, in addition to multiple dining venues and amenities. The developer, Providence One Partners, LLC, and the operator, Watercrest Senior Living, expect to open the three-story community by late summer of 2018. Construction began immediately after Mr. Sherman arranged the capital stack, which... Read More »

Watercrest Senior Living Breaks Ground in Florida

by | May 29, 2015 9:00 am | Developments

Vero Beach, Florida-based Watercrest Senior Living Group, and its development partner Starling Senior Living, celebrated the official groundbreaking of a 90-unit assisted living community in Jacksonville, Florida. It will have 66 assisted living units and 24 memory care units totaling 79,000 square feet. All of Watercrest’s memory care associates are Certified Dementia Specialists. The building was designed by PQH Group.   Read More »

Southwest Florida booming

by | Jan 21, 2015 8:49 pm | Developments

REDICO, a Michigan-based real estate development and investment company, announced its next American House project, called Coconut Point, in Estero, Florida. The project is the second for REDICO in southwest Florida and will include 54 independent living units, 76 assisted living units and 64 memory care units. It’s in a prime location, as across the street is a 140-store mall, and just north of Coconut Point will be Lee Memorial Health System’s planned $140 million Estero healthcare village, which is scheduled to open in 2017. American House is based in Michigan and currently has over 40 communities open in that state, mostly in the Detroit metro area, and after it became an affiliate of... Read More »