SPRINGFIELD, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Good Shepherd Village, a skilled nursing facility in Springfield. The community was built in the 1960s and was renovated in the 1990s. A private equity owner-operator based in New York was the buyer. Although the seller, price and number of beds were not released, the purchase price equated to approximately $83,000 per bed.
TYLER, Texas — The Ensign Group, Inc. (NASDAQ: ENSG) has acquired the real estate and operations of The Waterton Healthcare and Rehabilitation, a 74-bed skilled nursing facility in Tyler. In a separate transaction on the same day, Ensign announced that its affiliates acquired the operations of Amarsi Assisted Living, a 103-bed assisted living facility in Glendale, Arizona, and Citadel Assisted Living Facility, a 180-unit independent living and 150-bed assisted living facility in Mesa, Arizona. Both of these operations are part of a healthcare campus that includes skilled nursing services operated …
FLORIDA — Evans Senior Investments (ESI) has arranged the bankruptcy disposition of two skilled nursing communities in Florida. The bankruptcy stemmed from a medical whistleblower whose case resulted in a civil fraud judgment of $256 million. Both communities operated under the brand of Consulate Health Care, and filed for bankruptcy when the skilled nursing operating entities could not afford to pay the judgment against them. ESI was hired to represent the debtors in the sale of their assets, obtaining debtor-in-possession financing and providing a confidential valuation. Ultimately, after an auction, …
MINNEAPOLIS — Walker & Dunlop Investment Sales has arranged the sale of five Class A seniors housing communities in Minneapolis. Minnetonka-based Roers Cos. developed the communities, which Walker Methodist and Jaybird Senior Living operate. The communities opened between 2018 and 2021. The portfolio consists of 567 independent living, assisted living and memory care units. The buyer, an affiliate of Lone Star Funds, will utilize Grace Management to oversee daily operational responsibilities. The price was not disclosed. This is Minnesota’s largest-ever sale for a senior living portfolio, according to Walker & …
WILLIAMSBURG, Va. — CBRE has arranged $17 million in Freddie Mac acquisition financing for Edgeworth Park at New Town in Williamsburg, located between Richmond and Norfolk. The borrower is a joint venture between Solera Senior Living and Wheelock Street Capital. Built in 2017, the community consists of 62 assisted living and 21 memory care units. Aron Will, Austin Sacco and Tim Root of CBRE National Senior Housing arranged the seven-year, floating-rate loan with four years of interest-only payments. The seller and total price were not disclosed.
ROCHESTER, Minn. — Cushman & Wakefield has arranged the sale of The Waters on Mayowood, a 175-unit independent living, assisted living and memory care community in Rochester. The seller was a joint venture between The Waters Senior Living, Harrison Street Real Estate Capital and North Rock Real Estate. A private buyer acquired the property for an undisclosed price, and will retain The Waters as operator. The property was originally constructed in 2015 and has averaged over 96 percent occupancy since January 2018. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Sam …
CAMBRIDGE, Mass. — MassDevelopment has issued a $10.3 million tax-exempt bond on behalf of Putnam School Apartments LLC, an affiliate of Cambridge Housing Authority (CHA). The borrower will use the proceeds to buy and renovate Putnam School Apartments, a 33-unit affordable housing facility serving seniors and individuals with disabilities. A historic schoolhouse built in 1890, the building was converted into the Putnam School Apartments in 1983; most of the housing units have not been updated since. Renovations will include reconfiguring units; addressing major systems, including mechanical, electrical, plumbing and ventilation; …
TULSA, Okla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Arbors, a 20-unit assisted living community in Tulsa. The 15,688-square-foot property was built in 1997 on approximately two acres of land. The seller is a regional owner based in Tulsa. The buyer is a Oklahoma-based private owner, looking to expand its portfolio, and plans to convert the facility to skilled nursing with a hospice specialty. Jason Punzel and Nick Cacciabando of SLIB handled the transaction. The price was not disclosed.
ARKANSAS — Senior Living Investment Brokerage (SLIB) has arranged the sale of three seniors housing properties in Northwest Arkansas. The portfolio consisted of 175 private-pay independent living and assisted living units. The average age of the assets was 22 years and the properties averaged 52,000 square feet. Occupancy was 77 percent with revenue just under $4 million. The seller is an independent family owner-operator based in Arkansas that exited seniors housing. The buyer is a private national company based in the Northeast with holdings in the healthcare arena. This is …
BLOOMFIELD, N.J. — QX Global Group, a Bloomfield-based business process outsourcing company, has acquired an 80 percent stake in Austin, Texas-based Chazey Partners, a management consulting and advisory firm specializing in business and digital transformation. The Chazey Partners team brings decades of experience in implementing and operating business support and shared services organizations around the globe, with experience in robotic process automation (RPA) and artificial intelligence (AI). Together, QX and Chazey Partners will work to deliver solutions that cover consulting, digital services and business process outsourcing. Clientele includes seniors housing …
