PENSACOLA, Fla. — SLIB has brokered the sale of a 118-bed skilled nursing facility located in Pensacola. A publicly traded REIT sold the property to an owner based in the Northeast. Bradley Clousing and Daniel Geraghty of SLIB arranged the transaction.
PITTSBURGH, Pa. — Senior Living Investment Brokerage (SLIB) has brokered the $11 million sale of a skilled nursing facility portfolio located in Pennsylvania. Situated primarily within metro Pittsburgh, the portfolio comprises 299 beds across five properties. Originally built between 1964 and 1992, the portfolio was first marketed in fall 2023. Ryan Saul and Toby Siefert of SLIB represented the seller, Guardian Healthcare, in the transaction. According to SLIB, Guardian Healthcare is currently in bankruptcy proceedings, and the properties had struggled financially prior to the sale. A regional owner-operator was the buyer.
LOVELAND, Colo. — IRA Capital has acquired Capstone at Centerra, a seniors housing community located in Loveland, for $40 million. The community is situated within the 3,000-acre Centerra master-planned development, roughly 50 miles north of Denver. Developed in 2023 by Hunt Midwest, the property totals 102 units, with 56 assisted living apartments and 46 memory care residences. The community was 95 percent occupied at the time of acquisition. The property features proximity to healthcare facilities including UCHealth Medical Center of the Rockies and Banner McKee Medical Center, which are roughly one …
WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a seniors housing portfolio totaling 174,194 square feet in northwest Pennsylvania. Built between 1958 and 2017, the portfolio comprises 315 units across five properties, including independent living, personal care and skilled nursing facility residences. The portfolio was in receivership at the time of sale. An affiliate of the existing operator acquired the property for an undisclosed price. Ryan Saul and Toby Siefert of Illinois-based SLIB represented the receiver in the transaction.
OAKDALE, Minn. — Podawiltz Development Corp. has sold Cottages at Aspen, a 114-unit active adult community located in Oakdale, roughly 20 miles east of Minneapolis. Built in 1991 and renovated in 2008, the property totals 99,600 square feet and features one- and two-bedroom townhomes, averaging 874 square feet, for residents age 55 and older. Amenities at the community include a library, ponds, walking areas and lawns. Josh Talberg of JLL represented Podawiltz in the transaction, and Pat McMullen and Joseph Peris of JLL arranged acquisition financing for the undisclosed buyer. The …
FOND DU LAC AND DE PERE, Wis. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a seniors housing portfolio in Wisconsin. A private equity group with holdings throughout the Midwest sold the portfolio, which totals 80 units across two communities, for an undisclosed price. The properties include Sage Meadow of Fond du Lac in Fond du Lac and Sage Meadow of De Pere in De Pere. Fond du Lac and De Pere are roughly 70 miles northwest of Milwaukee and five miles south of Green Bay, respectively. The buyer …
For over two years, a persistent bid-ask spread between buyers and sellers of seniors housing properties prevented many deals from getting done. Seniors Housing Business (SHB) caught up with Brian Chandler, senior managing director and national practice leader for seniors housing for Raleigh, N.C.-based Partner Valuation Advisors. As an appraiser in the seniors housing and care sector, he is privy to in-progress deals months before closing, including transaction data. He says a growing number of buyers and sellers are agreeing to close transactions and shares more here. SHB: Some experts say a growing number …
BALTIMORE — Capital Funding Group (CFG) has provided a $207.1 million bridge-to-HUD loan to 980Investments to support the partnership buyout of a portfolio of skilled nursing facilities in Florida. Together, the facilities total 1,423 beds across 13 properties. Additionally, Capital Finance LLC, a subsidiary of CFG Bank, provided $15 million in accounts receivable financing to support the working capital needs of the facilities. Andrew Jones and Ava Julio of Baltimore-headquartered CFG originated the bridge-to-HUD loan, and Jeffrey Stein of Capital Finance originated the accounts receivable working capital line of credit.
PITTSBURGH — Blueprint has arranged the sale of nine skilled nursing facilities located in metro Pittsburgh. Kadima Healthcare Group acquired the properties from Comprehensive Healthcare Management Solutions, which is currently undergoing restructuring following a Chapter 11 bankruptcy filing this May. The chief restructuring officer for Comprehensive Healthcare Management Solutions engaged Blueprint to handle the divestiture. Operated under two brands — Maybrook and Consulate — the facilities together comprise 930 licensed skilled nursing beds, 19 personal care beds and 15 independent living units.
MEREDITH, N.H. — Continuum Advisors has arranged the $11 million sale of Meredith Bay Colony Club, an 85-unit continuing care retirement community (CCRC) located in Meredith in central New Hampshire, a two-hour drive from Boston. Taylor Community, a nonprofit owner and operator, acquired the community. Built in 2008, the property offers 41 independent living apartments, 20 assisted living residences and 24 memory care units, as well as an additional 18 acres of undeveloped land for future expansion. Amenities at the community include an underground parking garage, indoor pool and fitness center …
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