Acquisitions

AcquisitionsIdahoNews

Blueprint Negotiates Sale of Heritage of Boise

by Jeff Shaw

BOISE, Idaho — Blueprint Healthcare Real Estate Advisors has brokered the sale of Heritage of Boise, a 92-unit assisted living and memory care community in Boise. The seller shut down operations at the community in September, moving residents and staff to other properties in the area. Boise Rescue Mission acquired the property, and will rebrand it as Sonrise Transitional Housing. The property will now serve formerly homeless residents seeking independent living. The seller and price were not disclosed.

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AcquisitionsCCRCNewsPennsylvania

Tryko Partners Acquires 415-Bed CCRC Campus in Langhorne, Pennsylvania

by Jeff Shaw

LANGHORNE, Pa. — Tryko Partners has expanded its Greater Philadelphia real estate presence with the acquisition of the Attleboro Community, a continuing care retirement community in Langhorne. The 415-bed campus has been rebranded as Oxford Enhanced Senior Living. “Bucks County is a phenomenal market with a large senior population and strong hospital networks,” says Tryko’s Uri Kahanow, director of acquisitions. “The seller, Wilmac Corp., has done a fine job with this well-respected CCRC.” The campus’ skilled nursing facility, Oxford Rehabilitation & Healthcare Center, provides post-hospital care, short-term rehab and long-term …

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AcquisitionsAlabamaNewsTennessee

Atlas Senior Living, Salta Capital Acquire Two Properties in Alabama, Tennessee

by Jeff Shaw

ATHENS, Ala., and SPRING HILL, Tenn. — Birmingham-based Atlas Senior Living and Salta Capital are adding two new senior living communities in Alabama and Tennessee to their portfolios, bringing their total number of properties to 32. Atlas will be the owner-operator of the communities. The Goldton at Athens totals 75,824 square feet and 84 units total, comprising 12 independent living residences and 72 assisted living residences. The Goldton at Spring Hill totals 66,395 square feet and 79 units total, with 63 assisted living residences and 16 memory care residences. The …

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AcquisitionsConnecticutNews

Senior Living Residences Acquires Former Atria Community in Ridgefield, Connecticut

by Jeff Shaw

RIDGEFIELD, Conn. — New England-based Senior Living Residences (SLR) has acquired a former Atria Senior Living Community in Ridgefield, located along the New York State border approximately 50 miles northeast of Manhattan. SLR is rebranding the community, which opened in 2020, as Ridgefield Station Senior Living. The number of units and type of care were not disclosed. “While it has only been a short time since SLR took on management of the community, we have already made some integral changes,” says Tadd Clelland, SLR’s president and CEO. “We have significantly …

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AcquisitionsArizonaFinanceNews

Cushman & Wakefield Arranges Acquisition, Recapitalization of Acoya Mesa in Arizona

by Jeff Shaw

MESA, Ariz. — Cushman & Wakefield, as exclusive advisor to EverWest Real Estate Investors, Ryan Cos. US Inc. and Cadence Living, has arranged the acquisition and recapitalization of Acoya Mesa, a Class A seniors housing community in the Mesa suburb of Phoenix. The property was purchased for $46.3 million by a global real estate investment manager that will retain Ryan and Cadence Living to continue operating the community. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Jack Griffin represented the seller and procured the buyer. The …

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AcquisitionsAssisted LivingLouisianaNewsVirginia

Quality Senior Living Partners Sells Two Communities in Louisiana, Virginia

by Jeff Shaw

HARAHAN, La., and CHARLOTTESVILLE, Va. — Quality Senior Living Partners (QSLP), a LongueVue Capital portfolio company, has sold two senior living communities: The Blake at Colonial Club in Harahan and The Blake at Charlottesville in Charlottesville. Each community features 118 units of assisted living and memory care. The buyer and price were not disclosed. In 2017, LongueVue partnered with the team of senior living industry executives at QSLP, a Pensacola, Fla.-based developer, owner and operator of upscale senior housing communities, to expand its resort-style communities to underserved markets.

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Negotiates Sale of Five Skilled Nursing Facilities in Ohio

by Jeff Shaw

OHIO — Blueprint Healthcare Real Estate Advisors has arranged the sale of five skilled nursing facilities, four in Northwest Ohio and the remaining property southeast of Columbus. The five facilities were originally built throughout the 1980s and 1990s and had recently struggled with occupancy across the portfolio. Acquired as part of a larger portfolio transaction in 2017, the private equity owner and its operating partner decided to pursue a strategic exit. An Ohio-based regional owner-operator purchased the assets for an undisclosed price.

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AcquisitionsNewsSkilled NursingTexas

SLIB Negotiates $39M Sale of Four-Property Skilled Nursing Portfolio in South Texas

by Jeff Shaw

WHARTON, EL CAMPO, SCHULENBURG and YOAKUM, TEXAS — Senior Living Investment Brokerage (SLIB) has negotiated the sale of four skilled nursing facilities in South Texas. The properties total 466 beds across 112,000 square feet on 11.5 acres. Located in Wharton, El Campo, Schulenburg and Yoakum — between San Antonio and Houston — all four facilities are within 70 miles of each other. A regional owner-operator looking to consolidate its portfolio sold the properties for $39 million. The buyer is a Chicago-based owner-operator looking to expand in Texas. Matthew Alley of …

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AcquisitionsIndianaNewsSkilled Nursing

ESI Brokers $25M Sale of 186-Bed Skilled Nursing Facility in Indiana

by Jeff Shaw

INDIANA — Evans Senior Investments (ESI) has arranged the sale of a 186-bed skilled nursing community in Indiana for $25 million, or $134,000 per bed. An independent owner-operator seeking to exit the long-term care industry sold the asset to a regional operator. The name of the facility was not disclosed. Built in the last 50 years, the community exhibited a large number of private rooms with all units being private or semi-private occupancy. Additionally, the community had a five-star Medicare rating and has historically been over 85 percent occupied. Despite …

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AcquisitionsNew JerseyNews

Tryko Partners Acquires Two Communities in Little Egg Harbor, New Jersey

by Jeff Shaw

LITTLE EGG HARBOR, N.J. — Tryko Partners has acquired Seacrest Village and The Terraces at Seacrest Village in Little Egg Harbor, expanding its Jersey Shore regional skilled nursing/assisted living real estate portfolio. The assets were family owned and operated for more than three decades. Seacrest Village, a 171-bed, three-story skilled nursing facility, was developed in 1985. It carries a five-star designation from the Centers for Medicare & Medicaid Services (CMS) for both overall quality and quality of resident care. The Terraces, built in 2013, is a two-story, Class A assisted …

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