Acquisitions

AcquisitionsFloridaNewsSkilled Nursing

Blueprint Brokers Sale of 18-Property Skilled Nursing Portfolio in Florida

by Jeff Shaw

FLORIDA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of 18 skilled nursing facilities totaling 2,185 licensed beds in Florida. A public REIT sold the assets to an East Coast-based investor for an undisclosed price. The facilities range from 60 to 180 licensed beds with geographic clusters in South Florida, along the Gulf Coast and across North Florida. During the marketing process, the portfolio maintained an average 3.5 CMS-star rating, with 10 facilities rated four or five stars. Blueprint designed a targeted campaign highlighting the impact of Florida’s …

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AcquisitionsArizonaNewsOperations

12 Oaks Senior Living Takes Over Management of Copper Canyon in Tucson, Arizona

by Jeff Shaw

TUCSON, Ariz. — 12 Oaks Senior Living has taken over operations of Copper Canyon Memory Care & Transitional Assisted Living in Tucson. 12 Oaks intends to expand and enhance the service offerings at the community while restoring stability and planning for long-term growth. Copper Canyon augments four other senior living properties that 12 Oaks currently manages for the same ownership group.

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AcquisitionsMarylandNewsSkilled Nursing

Blueprint Negotiates Sale of 285-Bed Skilled Nursing Portfolio in Maryland

by Jeff Shaw

CAMBRIDGE and LEXINGTON PARK, Md. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities located in Cambridge and Lexington Park, which are located on opposite sides of Chesapeake Bay southeast of Washington, D.C. A public REIT and its operating partner sold the 285-bed portfolio to an East Coast-based owner-operator for an undisclosed price. The sale is part of a larger portfolio with staggered closings.

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AcquisitionsAssisted LivingFinanceNewsOhioPennsylvania

VIUM Arranges $89.4M Acquisition Financing for Nine-Property Portfolio in Ohio, Pennsylvania

by Jeff Shaw

OHIO and PENNSYLVANIA — VIUM Capital has arranged $26.3 million in debt fund financing and $63.1 million in balance sheet financing for the acquisition of nine assisted living communities in Ohio and Pennsylvania. The borrower is a Minnesota-based owner-operator, which has planned capital improvements at the 580-unit portfolio. Further details were not disclosed.

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AcquisitionsActive AdultDevelopmentNew JerseyNews

OneKey Acquires Development Site for Active Adult Community in Vernon, New Jersey

by Jeff Shaw

VERNON, N.J. — OneKey LLC has acquired several parcels on Theta Drive in Vernon, approximately 50 miles northwest of New York City, with plans to build an active adult community on the site. NAI James E. Hanson’s Dominic Fittizzi represented the buyer in the transaction. The seller, Theta 456 Associates, originally planned to implement another use on the site, but let its approvals lapse during the COVID-19 pandemic. OneKey plans to construct and retain the building while managing the property as part of its portfolio. Construction is slated to begin …

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AcquisitionsAssisted LivingNewsPennsylvania

ESI Brokers Sale of 80-Unit Assisted Living Facility in Allentown, Pennsylvania

by Jeff Shaw

ALLENTOWN, Pa. — Evans Senior Investments (ESI) has arranged the sale of an 80-unit assisted living community in Allentown. An independent owner-operator sold the property to Hamister in an all-cash transaction. The price was not disclosed. The property was built in the 1980s, is 100 percent private pay and received in-place rates just shy of $5,000 a month. At the time of marketing, the community was 94 percent occupied and making over $800,000 in net operating income. Along with the community’s strong surrounding demographics, the facility implemented a rate increase …

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AcquisitionsMassachusettsNewsSkilled Nursing

Blueprint Brokers Sale of 90-Bed Skilled Nursing Facility in Lowell, Massachusetts

by Jeff Shaw

LOWELL, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 90-bed skilled nursing facility in Lowell, a northern suburb of Boston. Located within relatively close proximity to Lowell General Hospital, which accounts for approximately 1,300 skilled nursing discharges annually, the facility had historically maintained stable census levels with a steady stream of referrals and admissions, according to Blueprint. The regional buyer plans to focus on operational efficiencies, including addressing staffing challenges, as well as investing into capital projects at the facility. The seller, price and name …

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AcquisitionsFinanceIndianaNewsSkilled Nursing

VIUM Arranges $136.8M Bridge Loan for Skilled Nursing Portfolio in Indiana

by Jeff Shaw

INDIANA — VIUM Capital has arranged $136.8 million in bridge financing for a portfolio of 17 skilled nursing facilities in Indiana. The first-mortgage loan was made to fund the acquisition of the properties, which total 1,470 beds. Most of the buildings are stabilized with a strong credit tenant and manager in place, according to VIUM. The borrower plans to refinance as many of the properties as possible with HUD loans. Further details were not disclosed.

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AcquisitionsAffordable HousingNewsVirginia

Cushman & Wakefield Brokers $25.7M Sale of Guardian Place Affordable Community in Richmond

by Jeff Shaw

RICHMOND, Va. — Cushman & Wakefield has brokered the sale of Guardian Place, a 236-unit affordable seniors housing portfolio spanning two buildings located at 1620 N. Hamilton St. in Richmond. Fairfield Residential purchased the properties, known as Guardian Place I (121 units) and Guardian Place II (115 units), for $25.7 million. Jorge Rosa and T.J. Liberto of Cushman & Wakefield represented the seller, United Methodists Family Services, in the transaction.

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