Thursday, November 21, 2024
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Louisiana

Regency House Alexandria in Alexandria, Louisiana
AcquisitionsAssisted LivingLouisianaNewsSkilled Nursing

Blueprint Negotiates Sale of Assisted Living, Skilled Nursing Facility in Central Louisiana

by Channing Hamilton

ALEXANDRIA, La. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Regency House Alexandria, an assisted living and skilled nursing community in Central Louisiana’s Alexandria, which lies on the south bank of the Red River. The seller was a local owner-operator. The buyer was a national owner-operator with an existing presence in Louisiana and experience with HUD’s transfer of physical assets (TPA) process, which involves the assumption of a HUD-insured loan. Regency House Alexandria consists of 10 assisted living beds and 60 skilled nursing beds and only accepts …

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AcquisitionsAlabamaFinanceGeorgiaLouisianaNewsSkilled NursingTennessee

Dwight Mortgage Trust Provides $142M Acquisition Financing for Skilled Nursing Portfolio in the Southeast

by Jeff Shaw

ATLANTA; MEMPHIS, Tenn.; MOBILE, Ala.; and SHREVEPORT, La. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime urban areas surrounding Atlanta, Memphis, Mobile and Shreveport.  The properties include Bell Minor Home, Cambridge Post Acute Care Center, Nurse Care of Buckhead, Riverside Health Care Center, Rockdale Healthcare Center, Westminster Commons, Millington Healthcare Center, Parkway Health and Rehabilitation Center, Kensington Health and Rehabilitation, and Highland Place Rehabilitation and Nursing.  Collectively, these facilities total …

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AcquisitionsAssisted LivingLouisianaNews

Helios Healthcare Advisors Negotiates Purchase of Two Assisted Living Facilities in Louisiana

by Jeff Shaw

BASTROP and MINDEN, La. — Helios Healthcare Advisors served as the exclusive buy-side advisor and debt-placement agent in structuring the purchase of two assisted living communities in North Louisiana. The buyer is an independent investment group based in Texas and Louisiana. Savannah Court of Bastrop and Savannah Court of Minden are two assisted living communities that were owned by a public REIT and operated by a regional provider under a triple-net lease. Built in the late 1990s, both communities boasted a historical average occupancy of 90 percent and maintained positive …

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AcquisitionsLouisianaNewsSkilled Nursing

ESI Negotiates Sale of Two Skilled Nursing Facilities in Louisiana

by Jeff Shaw

LAKE CHARLES, La. — Evans Senior Investments (ESI) has arranged a stock sale for a two-property skilled nursing portfolio in southwest Louisiana. The transaction was completed on behalf of an independent owner. Built in 1970 and 1972 and situated just 10 miles from one another in the Lake Charles area, the two communities comprise a total of 350 beds. Prior to the COVID outbreak, the portfolio maintained an average occupancy rate of 72 percent.  A few months into the pandemic, Hurricane Laura devastated the area, causing both communities to require …

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AcquisitionsLouisianaNewsSkilled Nursing

Blueprint Arranges Sale of Two Skilled Nursing Facilities in Louisiana

by Jeff Shaw

CENTER POINT and JONESVILLE, La. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 244 licensed beds in Center Point and Jonesville. The properties are located approximately 40 miles away from each other and approximately midway between New Orleans and Shreveport in the central part of the state. The seller was CommCare. Omega Healthcare REIT alongside its operator, Venza Care, acquired the assets for an undisclosed price. Brooks Blackmon and Lauren Nagle led the Blueprint team.

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LouisianaNewsPeople

Liberty Hires Sai Raj Kappari as Executive Director at The Carrollton in New Orleans

by Jeff Shaw

NEW ORLEANS — Liberty Senior Living has announced Sai Raj Kappari as the executive director of The Carrollton, a senior living community in New Orleans. Kappari’s received a doctorate in pharmacy at Jawaharlal Nehru Technological University and completed a residency at Krishna Institute of Medical Sciences in India. Kappari then decided to earn his master’s degree in gerontology at the University of Southern California, Los Angeles. After he earned his master’s, Kappari worked in gerontological research for several years, presenting at various conferences. In 2020, he moved to Louisiana and …

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AcquisitionsAssisted LivingLouisianaNews

Marcus & Millichap Negotiates Sale of 30,000 SF Rosemont of West Monroe in Louisiana

by Jeff Shaw

WEST MONROE, La. — Marcus & Millichap has brokered the sale of Rosemont of West Monroe, a 30,000-square-foot assisted living and memory care facility in West Monroe, approximately midway between Shreveport and Jackson, Mississippi. Rod Llanos 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, a limited liability company. The buyer was also a limited liability company. Chris Shaheen, Marcus & Millichap’s broker of record in Louisiana, assisted in closing this transaction. …

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Assisted LivingDevelopmentLouisianaNews

Liberty Opens 93-Unit Adaptive Reuse of Former Courthouse in New Orleans

by Jeff Shaw

NEW ORLEANS — Liberty Senior Living has opened The Carrollton, a seniors housing adaptive reuse of a former courthouse in New Orleans. The community features 73 assisted living and 20 memory care units. The project renovated 16,000 existing square feet, while adding 85,000 more. Construction of Carrollton Courthouse and the adjacent jailhouse were commissioned by Jefferson Parish in 1854 and completed in 1855. Architect Henry Howard designed the property in the Greek Revival style. The Carrollton Courthouse served as the seat of government for Jefferson Parish until it was annexed …

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DevelopmentIndependent LivingLouisianaNews

Phoenix Senior Living Completes Independent Living Expansion in Hammond, Louisiana

by Jeff Shaw

HAMMOND, La. — Phoenix Senior Living (PSL) has completed an independent living at The Phoenix at Hammond in the New Orleans suburb of Hammond. PSL opened the community in 2021 with assisted living and memory care services available. PSL realized the town is underserved in the independent senior living space, so added 24 independent living apartments, which are now open. First Guaranty Bank is the lending partner for this project.

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FinanceLouisianaNewsSkilled Nursing

VIUM Provides $36.3M Bridge Loan for Skilled Nursing Portfolio in Louisiana

by Jeff Shaw

LOUISIANA — VIUM Capital has provided $36.3 million in financing for a portfolio of five skilled nursing facilities in Louisiana. The bridge loan refinances several tax-exempt bond issuances and bank term loans for the nonprofit borrower. VIUM partnered with a local bank to provide the funds. The long-term goal is to replace the financing with HUD-insured loans in the future.

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