ALEXANDRIA, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Central Louisiana’s Alexandria, which lies on the south bank of the Red River. The seller was a local owner-operator. The buyer was a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan.
Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts Medicare and private pay as sources of payment. In marketing the community to in-state and national buyers, Blueprint highlighted the facility’s attractive in-place HUD financing, strong performance and potential upside via increased Medicare census. At the time of the deal closing, the facility was generating $1.5 million of annual EBITDAR (earnings before interest, taxes, depreciation, amortization and rental costs), and the asset was considered to be fairly stable. The sales price was not disclosed.