Tuesday, November 26, 2024
Read the Magazine Subscribe

Acquisitions

AcquisitionsAssisted LivingConnecticutNews

Blueprint Arranges Sale of 100-Unit The Landing of North Haven in Connecticut

by Jeff Shaw

NORTH HAVEN, Conn. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Landing of North Haven, a 100-unit assisted living and memory care community in North Haven. Located near Long Island Sound south of Hartford, the community opened in late 2019 on an 11-acre campus. The seller is a national investor and developer. Inspired Healthcare Capital acquired the asset for an undisclosed price. Inspired plans to keep the existing operator. While lease-up progress was solid through COVID, rates and margin were always strong, leading to meaningful cash …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceGeorgiaNews

Ziegler Advises on $20.5M Acquisition Financing for The Glen at Lake Oconee Village in Greensboro, Georgia

by Jeff Shaw

GREENSBORO, Ga. — Ziegler acted as exclusive financial advisor in raising $20.5 million in financing.  The borrower, Phorcys Capital Partners, will use the funds to acquire The Glen at Lake Oconee Village, a senior housing community in Greensboro, approximately midway between Atlanta and Augusta. Stride Bank provided the capital. The community was built in 2017 and features 28 independent living units, 68 assisted living units and 18 memory care units.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsSkilled NursingVirginia

Blueprint Negotiates Sale of 120-Bed The Laurels of Willow Creek in Midlothian, Virginia

by Jeff Shaw

MIDLOTHIAN, Va. — Blueprint Healthcare Real Estate Advisors has arranged the sale of The Laurels of Willow Creek, a 120-bed skilled nursing facility in the Richmond suburb of Midlothian. Built in 1991 with an addition completed in 2018, the facility features 36 private suites and 42 semi-private rooms. Blueprint utilized the underlying performance trends fueled by Virginia’s Medicaid rate enhancement tailwinds. The buyer and seller were both REITs. The price was not disclosed. Michael Segal and Ben Firestone led the Blueprint team.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of 50-Unit Gold Choice Palm Coast in Florida

by Jeff Shaw

PALM COAST, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Gold Choice Palm Coast, a 50-unit assisted living and memory care community in Palm Coast, approximately midway between Jacksonville and Orlando. The community was built in 2021 and spans 33,552 square feet on a 6.6-acre parcel. The seller was a Florida-based owner-operator that originally developed the community. The asset was fully stabilized with opportunity to continue revenue growth, according to SLIB.  The buyer was a 1031 fund looking for newer assets with strong in-place yield. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsSkilled NursingVirginia

Blueprint Brokers Sale of 326-Bed Portfolio in Virginia

by Jeff Shaw

VIRGINIA — Blueprint Healthcare Real Estate Advisors has arranged the sale of five skilled nursing communities in central and western Virginia. Each property comprises between 57 and 89 licensed beds for a total of 326 beds across the portfolio. The properties were built in the early 1990s and most feature a 4- or 5-star CMS rating. Blueprint worked directly with the existing operator to not only acquire the real estate, but also source the equity and debt financing needed to ultimately capitalize the portfolio acquisition. The seller and price were …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of 64-Unit The Canopy at Harper Lake in Lake City, Florida

by Jeff Shaw

LAKE CITY, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Canopy at Harper Lake in Lake City, a small city of approximately 12,000 residents between Jacksonville and Tallahassee. The community features 44 assisted living units and 20 memory care units. Built in 2019 the community sits on approximately 5.7 acres. The asset was stabilized with all private-pay residents at the time of sale. The seller was a Florida-based developer and investment group. The buyer is a 1031 fund targeting newer assets with strong in-place cash …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCCRCNewsPennsylvania

Presbyterian Senior Living Acquires 532-Unit CCRC in Doylestown, Pennsylvania

by Jeff Shaw

DOYLESTOWN, Pa. — Presbyterian Senior Living (PSL) has acquired Pine Run Life Plan Community, a 532-unit continuing care retirement community in Doylestown, approximately 25 miles north of Philadelphia. Doylestown Hospital sold the property for an undisclosed price. PSL is partnering with Doylestown Health at the community. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaNewsSkilled Nursing

CareTrust REIT Purchases 187-Bed La Fuente Post Acute in Vista, California

by Jeff Shaw

VISTA, Calif. — CareTrust REIT Inc. (NYSE: CTRE) has completed a joint venture investment to acquire La Fuente Post Acute, a 187-bed skilled nursing facility in Vista, approximately 40 miles north of San Diego.  Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities (a current tenant of CareTrust) pursuant to a new 15-year lease. To acquire the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture. CareTrust’s combined common equity and preferred equity investments in the joint venture total …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsNewsOperationsSkilled NursingSouth Carolina

Ensign Group Takes Over Management of Two Skilled Nursing Facilities in South Carolina

by Jeff Shaw

CHARLESTON and HANAHAN, S.C. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Ashley River Healthcare, a 125-bed skilled nursing facility in Charleston, and The Reserve Healthcare and Rehabilitation, a 135-bed skilled nursing facility in Hanahan.  These acquisitions were effective Sept. 1, and will be subject to a long-term, triple-net lease. “These buildings present a great geographical and strategic fit within this particular market,” says Barry Port, Ensign’s CEO. These acquisitions bring Ensign’s portfolio to 295 healthcare operations, 26 of which also include senior living operations, across …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsArizonaCompany NewsNews

Pennant Group Acquires Valor HospiceCare in Arizona

by Jeff Shaw

EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, has acquired Valor HospiceCare, which provides skilled hospice services in Tucson, Green Valley, and Sierra Vista, Arizona. “We are pleased to expand our operations in the state of Arizona, complementing our Emblem Hospice and Agape Hospice agencies in Tucson and Green Valley, and expanding into Sierra Vista with Valor HospiceCare,” says Brent Guerisoli, CEO of Pennant.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts