Saturday, November 23, 2024
Read the Magazine Subscribe

Assisted Living

Blossom Valley, Wenatchee, Washington
AcquisitionsAssisted LivingNewsOperationsWashington

American Healthcare REIT Acquires Four Communities in State of Washington

by Jeff Shaw

BATTLE GROUND, PORT ORCHARD and WENATCHEE, Wash. — Cogir Management USA Inc. and American Healthcare REIT (AHR) have expanded their relationship to 14 communities with AHR’s acquisition of four communities in the state of Washington. AHR acquired Mallard Landing in Battle Ground, Orchard Pointe in Port Orchard, Blossom Valley in Wenatchee and Blossom Creek in Wenatchee. This portfolio includes a total of 207 assisted living and memory care units. With this acquisition, Cogir now operates communities in Washington, California, Utah and North Carolina for AHR. Cogir also now manages 22 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Creating Value in Seniors Housing panel
AcquisitionsActive AdultAssisted LivingCCRCDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentMemory CareOperationsWebinars

Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle

by Sarah Daniels

The Sept. 5 webinar “Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle,” sponsored by CBRE, brought together industry leaders to discuss the current trends shaping the seniors housing market, including occupancy rates, strategic investments and the evolving landscape of assisted living, memory care and independent living communities. This discussion covered innovative technologies, economic factors influencing cap rates, considerations about the future of care and analysis of increasingly sophisticated operations strategies. Expert panelists shared their experiences and projections for the sector, including the increasing demand for seniors housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingKentuckyNews

SLIB Negotiates Sale of 65-Unit Heritage Place in Owensboro, Kentucky

by Jeff Shaw

OWENSBORO, Ky. — Senior Living Investment Brokerage has arranged the sale of Heritage place, a 65-unit assisted living community in Owensboro, located southwest of Louisville and southeast of Evansville, Indiana. A large, regional owner-operator acquired the community from a Northeast-based owner that was divesting the only non-skilled nursing asset from a recent portfolio purchase. The price was not disclosed. The property was constructed in 2001 and sits on a 1.7-acre site. Daniel Geraghty, Brad Clousing and Jeff Binder of SLIB handled the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNew YorkNews

SLIB Brokers Sale of 120-Bed Community in Western New York

by Jeff Shaw

WESTERN NEW YORK — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed Assisted Living Program (ALP) licensed facility in Western New York. Built in 1999, the community totals 60 units. The community can serve both private-pay and Medicaid residents. The seller is a nonprofit organization and seniors housing operator looking to scale back on its senior living presence. The buyer is a private owner with a focus on communities in New York that are licensed for ALP. This is the fourth community the Buyer has acquired. …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTennessee

Blueprint Negotiates Sale of 77-Unit Community in Memphis

by Jeff Shaw

MEMPHIS, Tenn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 77-unit assisted living and memory care community in Memphis. The property was built in the late 1990s. The buyer was a Buffalo, New York-based owner-operator seeking to expand its Southeastern geographic footprint. The seller and price were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

Berkadia Brokers Sale of 80-Unit Community in Palm Beach County, Florida

by Jeff Shaw

PALM BEACH COUNTY, Fla. — Berkadia has arranged the sale of an 80-unit assisted living and memory care community in Palm Beach County.  The community sold to a Central Florida-based owner-operator looking to expand its operational footprint into South Florida. The price was not disclosed. The community is located in a densely populated Palm Beach County submarket less than a half mile from over 750,000 square feet of retail space occupied by tenants including Walmart Neighborhood Market, Marshall’s, and Phoenix Theaters.  Brooks Minford of Berkadia Seniors Housing & Healthcare led …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingNewsTexas

Blueprint Brokers Sale of 48-Unit Assisted Living Community in McKinney, Texas

by Jeff Shaw

MCKINNEY, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 48-unit assisted living and memory care community in McKinney, approximately 35 miles north of downtown Dallas. Originally built in 1993, prior ownership recently completed a $2.2 million renovation. At the time of marketing, the community featured strong in-place occupancy of 98 percent, as well as a recently implemented rate increase. A newly launched, privately traded REIT acquired the property for an undisclosed price. The undisclosed seller was divesting of its final seniors housing property. With this …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceIdahoNews

VIUM Capital Provides $7M Acquisition Loan for Community in Idaho

by Jeff Shaw

IDAHO — VIUM Capital has provided a $7 million bridge loan for the acquisition of a 79-unit assisted living and memory care community in Idaho. Representing 75 percent leverage, the initial advance was $6.4 million with a $510,000 earn-out that can be advanced at HUD submission.  The borrower already owned three senior living communities in Idaho, and this project presented an opportunity to acquire at a solid basis and stabilize operations. The plan is to submit a HUD application 12 months post-closing. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaNews

Blueprint Negotiates Sale of 60-Unit Community in Central Florida

by Jeff Shaw

CENTRAL FLORIDA — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 60-unit assisted living community in Central Florida. A national real estate investment platform acquired the asset and brough in a regional operator to take over management. Further details on the transaction were not disclosed. Blueprint marketed the opportunity as part of a portfolio encompassing 16 senior communities located throughout the Southeast, Midwest and Mid-Atlantic. The subject community was positioned as a value-add offering, with a history of strong performance and significant upside potential, particularly due to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts