• 60 Seconds with Swett: Navigating the Next Five Years in Seniors Housing M&A

    Are we entering the golden age of seniors housing? Next year, the first baby boomers will start turning 80, and with the current lack of new construction, occupancy rates are already rising before the real demographic wave hits. Many investors, both veterans and those new to our space, will feel pressure to grow their seniors housing holdings to... Read More »
  • Blackstone Sheds Another Asset from Its Seniors Housing Portfolio

    Blueprint handled a couple of sales in Florida and Nevada. The first in Florida involved a global private equity firm selling a 145-unit assisted living and memory care community in Boca Raton, Florida. Ben Firestone, Dillon Rudy and Jacob Ghel of Blueprint facilitated The Atrium at Boca Raton’s ownership transfer. The community presented certain... Read More »
  • CareTrust REIT Establishes SHOP Platform

    Three Texas seniors housing communities with 270 assisted living and memory care units were acquired by CareTrust REIT, Inc. The publicly traded REIT purchased the communities for $40 million, or $148,100 per unit. This marks the first investment of CareTrust’s SHOP platform. The communities were 86% occupied at the time of acquisition and will... Read More »
  • Ensign Grows Through Separate Transactions in Three States

    The Ensign Group, Inc. increased its portfolio through three separate acquisitions in Kansas, Arizona and Colorado. The publicly traded provider expanded its growing Midwest footprint through its Kansas acquisition of the real estate and operations of Willow Point Rehabilitation and Nursing Center, a 45-bed skilled nursing facility in Kansas... Read More »
  • Developer/Operator Divests to PE Firm

    A developer and operator sold Rivertown Ridge, a Class-A seniors housing community in the Grand Rapids suburb of Wyoming, Michigan, to a private equity firm. This community, built in 2020, features 152 units of independent living, assisted living and memory care, and has exhibited strong performance.  The seller, Redstone Homes, was... Read More »
Blueprint Handles Two More REIT Sales

Blueprint Handles Two More REIT Sales

The closings keep coming from Blueprint Healthcare Real Estate Advisors, as the firm has announced a series of acquisitions in the last couple weeks of the year, mainly for publicly-traded REIT clients. Ben Firestone, Michael Segal, Alex Florea and Scott Frazier first teamed up to sell an assisted living/memory care community in Escondido, California (an affluent suburb of San Diego). Previously owned by an LLC affiliated with Ventas, the community was originally built in 1986 and expanded with a new independent living building in 2006. Initially, the community offered a full spectrum of care from independent living to skilled nursing. However, the new IL building was converted to... Read More »

Sold before reaching the mountaintop

An assisted living community with an improving census and reputation sold to a regional operator before fully realizing its potential. As rough starts go, this community in East Stroudsburg, Pennsylvania may take the cake. Built in 1984 as a skilled nursing facility, it never opened as such because the developer defaulted on the bond financing the project. A Lutheran senior housing group then bought it and operated it as an assisted living community until January 2013, when a group of doctors bought the community with just 12 residents occupying it. After remodeling the third floor to add 29 memory care units and an adult day care program, the doctors brought the census up to 66 residents... Read More »