Acquisitions

AcquisitionsMemory CareNewsOklahoma

Marcus & Millichap Arranges Sale of 31,000 SF Belfair of Shawnee Memory Care Community in Oklahoma

by Jeff Shaw

SHAWNEE, Okla. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 31,000-square foot memory care property in Shawnee, a suburb of Oklahoma City. A limited liability company sold the asset to another limited liability company for an undisclosed price. Rod Llanos, a first vice president in Marcus & Millichap’s Houston office specializing in investment sales of seniors housing properties, had the exclusive listing to market the property on behalf of the seller. Steve Greer, Marcus & Millichap’s broker of record in Oklahoma, assisted in closing the …

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AcquisitionsMemory CareNewsVirginia

Blueprint Negotiates Sale of 48-Unit Arbor Terrace Fairfax in Chantilly, Virginia

by Jeff Shaw

CHANTILLY, Va. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Arbor Terrace Fairfax, a 48-unit memory care community in Chantilly, approximately 25 miles west of Washington, D.C. The seller was Capitol Seniors Housing (CSH), which developed the community in 2017 alongside operator The Arbor Company. The community leased up in record time, reaching 93 percent occupancy within eight months of opening its doors, according to Blueprint. It also maintained profitability during the COVID-19 lockdowns. Upon fully restabilizing in first-quarter 2022, CSH sought to collect on its successful …

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AcquisitionsNew MexicoNewsSkilled Nursing

Blueprint Brokers Sale of 52-Bed Sunset Villa Care Center in Roswell, New Mexico

by Jeff Shaw

ROSWELL, N.M. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Sunset Villa Care Center, a 52-bed skilled nursing facility in Roswell. The facility is located within three miles of two regional acute care hospitals. It was built in 1965, but “is very well maintained, and had strong recent and historical financial trends,” according to Blueprint. Blueprint’s marketing efforts focused on highlighting the facility’s high cash flows, operating margins, and the local submarket’s strength. At the time of marketing, the facility was running revenues of approximately $6 million. …

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AcquisitionsActive AdultFloridaNews

Virtus, Blaze Acquire 163-Unit Active Adult Community in Davenport, Florida

by Jeff Shaw

DAVENPORT, Fla. — Virtus Real Estate Capital and Blaze Capital Partners have acquired The Pointe at Siena Ridge, a 163-unit active adult community in Davenport, a suburb southwest of Orlando. This is Blaze’s fourth acquisition in the active adult sector over the past five months following Hardy Springs in the Paulding County submarket of Atlanta; Annabelle on Main in the Duluth submarket of Atlanta; and Sage Stone Oak in San Antonio, Texas. The Pointe at Siena Ridge is Blaze’s first active adult investment in Florida. “As the baby boomer generation …

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AcquisitionsAssisted LivingGeorgiaNews

Blueprint Arranges Sale of Three Communities in Georgia

by Jeff Shaw

GEORGIA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of three seniors housing communities in Georgia. Located in secondary markets throughout the state, the portfolio totals 156 units of assisted living and memory care. While at the time of sale the communities were not stabilized, the portfolio was well-positioned to capitalize on the strong demand for affordable senior care within their respective local markets, according to Blueprint. The buyer was a regional owner-operator that has been actively expanding within the Southeast. The seller and price were not disclosed.

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AcquisitionsCaliforniaNews

The Mogharebi Group Brokers $28.5M Sale of Wildomar Senior in California

by Jeff Shaw

WILDOMAR, Calif. — The Mogharebi Group (TMG) has arranged the sale of Wildomar Senior, a 284-unit seniors housing community in Wildomar, a city in Southern California’s Inland Empire. TMG represented the seller, Craig Thralls, who developed the property in 2000. The buyer was a Los Angeles-based private investment group. The fully occupied property features 176 independent living apartments and 108 assisted living units.

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AcquisitionsNewsNorth CarolinaSkilled Nursing

Blueprint Negotiates Sale of Kenansville Health and Rehab in North Carolina

by Jeff Shaw

KENANSVILLE, N.C. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Kenansville Health and Rehab, a skilled nursing facility in Kenansville. The 92-bed skilled nursing facility is located 75 miles southeast of Raleigh and was built in 1975 adjacent to ECU Health Duplin Hospital. With no direct local competition, the facility consistently maintained stable census and quality mix levels. The seller was an ownership group led by a Georgia-based entrepreneur. The operator had recently announced its plan to exit the industry. The buyer was an investor seeking growth …

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AcquisitionsAssisted LivingCaliforniaNews

Blueprint Brokers Sale of 70-Unit GranVida Senior Living in Carpinteria, California

by Jeff Shaw

CARPINTERIA, Calif. — Blueprint Healthcare Real Estate Advisors has brokered the sale of GranVida Senior Living, a 70-unit assisted living and memory care community in the Central Coast city of Carpinteria. The community is situated in a high barrier-to-entry suburb between Santa Barbara and Ventura. The asset benefits from being the only seniors housing community within 10 miles. An institutional ownership group sold the asset to Blake Parsons, owner of RBP Communities, for an undisclosed price.

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AcquisitionsAssisted LivingNewsWisconsin

ESI Negotiates Sale of 120-Unit Community in Wisconsin

by Jeff Shaw

WISCONSIN — Evans Senior Investments (ESI) has brokered the sale of a 120-unit assisted living and memory care community in Wisconsin. National Health Investors (NHI) sold the property to Eden Senior Care. The name and location of the property, as well as the price, were not disclosed. At the time when the operator was brought in during 2019 by NHI, the community was experiencing a high usage of Medicaid waivers and the community was struggling overall. Over the past three years, the operator was able to transition the community to …

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