Tuesday, December 17, 2024
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Nevada

AcquisitionsNevadaNews

SLIB Brokers Sale of 122-Unit Sterling Ridge Living in Las Vegas 

by Jeff Shaw

LAS VEGAS — Senior Living Investment Brokerage (SLIB) has arranged the sale of Sterling Ridge Living, a 122-unit independent living, assisted living and memory care facility in Las Vegas, Nevada.  The community was built in 1974 and was most recently renovated in 2023. The community totals 89,719 square feet on 2.37 acres.  The community offers 22 independent living units, 74 assisted living units 26 memory care units totaling 152 beds. The seller is a private equity firm that sought to exit its fund and the senior living industry. The buyer …

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AcquisitionsNevadaNewsSkilled Nursing

ESI Brokers $8.5M Sale of Post-Acute Rehab Community in Las Vegas

by Jeff Shaw

LAS VEGAS — Evans Senior Investments (ESI) has arranged the sale of a 45-bed post-acute rehab community in Las Vegas.  The seller was a regional owner-operator. A national owner-operator with a presence in Nevada acquired the asset for $8.5 million, or $188,888 per bed. The community, exclusively licensed to accept Medicare only, has provided skilled nursing care since its inception in 2015. At the time of marketing, the facility was 73 percent occupied and had struggled to maintain healthy occupancy levels in previous months. Despite these challenges, ESI noted the …

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AcquisitionsNevadaNews

Bascom Ground Acquires Homestead at Boulder City in Nevada for $3M

by Jeff Shaw

BOULDER CITY, Nev. — The Bascom Group LLC has acquired Homestead at Boulder City, a seniors housing community in the Las Vegas suburb of Boulder City, for $3 million.  Homestead is a single-story building constructed in 1999. It features 72 units of seniors housing. Vincent Punzi and Lowell Takahashi of Berkadia arranged the debt financing for the acquisition, with Kairos Investment Management Co. as the lender. Brad Goodsell, Vince Viverito, Jason Punzel and Brad Clousing of Senior Living Investment Brokerage (SLIB) represented the undisclosed seller. Apartment Management Consultants will provide property …

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NevadaNewsPeople

Integral Names Tamra Tsanos as Executive Director of Upcoming Community in Minden, Nevada

by Jeff Shaw

MINDEN, Nev. — Integral Senior Living has named Tamra Tsanos as executive director of Valage Senior Living at Carson Valley, scheduled to open in Minden in this fall. Additionally, Karen Malekos-Smith will be director of sales and marketing. Tsanos’s background includes roles at Alzheimer’s Services of the East Bay, Brookdale Senior Living, Mercy Retirement and Care Center, and Belmont Village Senior Living.  Malekos-Smith has held leadership roles at nationally recognized senior living communities spanning all levels of care. She also served as the clinical manager of speech, language pathology and …

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NevadaNewsOperationsSkilled NursingTennessee

Ensign Group Takes on Operations of Two Skilled Nursing Facilities in Nevada, Tennessee

by Jeff Shaw

SPARKS, Nev., and HARROGATE, Tenn. — The Ensign Group Inc. (Nasdaq: ENSG) has acquired the operations of Hearthstone Health and Rehabilitation, a 125-bed skilled nursing facility located in Sparks, and TriState Health and Rehabilitation Center, a 116-bed skilled nursing facility located in Harrogate. Ensign will operate both properties under an long-term, triple-net lease. These acquisitions bring Ensign’s growing portfolio to 299 healthcare operations, 27 of which also include senior living operations, across 14 states. Ensign subsidiaries, including Standard Bearer, own 113 real estate assets.

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FinanceIdahoNevadaNewsOregon

Berkadia Arranges $40.8M in Financing for Three Communities in the West

by Jeff Shaw

IDAHO, NEVADA and OREGON — Berkadia Seniors Housing & Healthcare has arranged a total of $40.8 million in financing for a skilled nursing facility in Idaho, transitional care facility in Nevada, and an independent living, assisted living and memory care community in Oregon. For the Idaho property, Jay Healy closed an $8.3 million 232/223(f) HUD loan to refinance a Berkadia and Live Oak Bank bridge loan for the asset’s acquisition. The five-star, 60-bed facility was built in 2017. The loan features an 80 percent loan-to-value ratio and 35-year term. Occupancy …

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NevadaNewsOperationsPeople

Integral Names Robert Sanderson as Executive Director of Escalante at the Lakes in Las Vegas

by Jeff Shaw

LAS VEGAS — Integral Senior Living has named Robert Sanderson as executive director of Escalante at the Lakes in Las Vegas.   Prior to joining Escalante at the Lakes, Sanderson earned experience in the senior living industry as a memory care director. Escalante at the Lakes is located in the western portion of the city, near downtown Summerlin and a variety of hospitals, shopping and dining.

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Assisted LivingDevelopmentNevadaNews

Joint Venture Breaks Ground on Valage Carson Valley in Minden, Nevada

by Jeff Shaw

MINDEN, Nev. — A joint venture between Greystone Housing Impact Investors LP (NYSE: GHI) and ISL Ventures has broken ground on Valage Carson Valley, a seniors housing community in Minden, a small municipality of approximately 3,000 people just east of Lake Tahoe. The property will feature 56 assisted living units and 46 memory care units. The project is scheduled for completion in fall 2024. PI Architects designed the community, which Metcalf Builders is constructing, managed by Leading Light Development and Construction Consulting. Integral Senior Living will be the operator upon …

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AcquisitionsIndependent LivingNevadaNews

SLIB Negotiates Sale of 131-Unit Mountain Lakes Estates in Reno, Nevada

by Jeff Shaw

RENO, Nev. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mountain Lakes Estates, a 131-unit independent living community in Reno. The property was built in 2020 and totals 120,316 square feet on approximately 5.2 acres of land. The seller was a regional owner-operator located in the West. The buyer was a private equity company based in New York that specializes in active adult and independent living communities. The price was not disclosed. Jason Punzel, Dave Balow, Vince Viverito and Brad Goodsell of SLIB handled the transaction. “The …

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AcquisitionsDevelopmentNevadaNews

Blueprint Brokers Sale of Fully Entitled Development Site in Minden, Nevada

by Jeff Shaw

MINDEN, Nev. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a development site in Minden, approximately 50 miles south of Reno. The five-acre parcel is fully entitled for construction of a seniors housing community totaling up to 130 units. The site is strategically located adjacent to Carson Tahoe Minden Medical Center, which Carson Tahoe Regional Health — the region’s largest healthcare provider — operates. The buyer was a West Coast-based seniors housing developer that is affiliated with a seniors housing operator. Information on the seller and price …

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