TACOMA, Wash. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Alaska Gardens Health and Rehabilitation Center, a 123-bed skilled nursing facility in Tacoma. LTC Properties Inc., a publicly traded healthcare REIT based out of Westlake Village, California, sold the asset for an undisclosed price. The buyer was a private owner-operator.
HENRIETTA, OLNEY and NOCONA, Texas — Senior Living Investment Brokerage has arranged the sale of three skilled nursing facilities located in Henrietta, Olney and Nocona. The portfolio totals 250 beds. The assets total 14,500 square feet on 0.77 acres, 20,000 square feet on 2.07 acres and 23,000 square feet on 3.03 acres, respectively. The properties are within approximately 90 miles of each other and located northwest of Dallas near the Oklahoma border. An independent owner-operator exiting the industry sold the facilities for $7.8 million. The buyer was an out-of-state owner-operator …
EDGERTON, Ohio — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Park View Nursing Center, a 92-bed skilled nursing facility in the Northwest Ohio town of Edgerton. The property opened in 1968 and was part of a larger portfolio of communities sold in 2020. The operator and REIT landlord elected to spin off Park View as a geographic outlier to the rest of that portfolio. A Kentucky-based operator seeking to grow through ownership purchased the facility for an undisclosed price.
What can traditional seniors housing operators learn from successes in the active adult community segment, especially when it comes to generating interest and inquiries? How can active adult communities improve their own marketings strategies? These were the questions that Seniors Housing Business‘ latest webinar “Seniors Housing — Lead Generation Lessons from Active Adult Communities” sought to answer on Oct. 6. This webinar, sponsored by LeadingResponse, covered the following topics and more when it comes to best practices for marketing in the senior living space: Julie Podewitz, Vitality Living, explains …
LAFAYETTE, La. — Evans Senior Investments (ESI) has arranged the sale of Maison de Lafayette, a 189-bed skilled nursing community in Lafayette. At a sales price of $30 million, or $159,000 price per bed, the transaction represents the highest price per bed ever sold in Louisiana for a skilled nursing community, according to ESI. Built in 1992 and expanded in 2009 and 2012, the community exhibited a modern physical plant with a unit configuration of 125 private rooms. The community had a history of stabilized performance with census averaging 93 …
ANNAPOLIS, Md. — Occupancy at U.S. skilled nursing facilities increased to 75 percent in July 2021 compared to 58 basis points from the previous month, according to NIC MAP data. This marks the sixth consecutive month of improved occupancy rates for the skilled nursing sector. Despite this improvement, occupancy remains below its pre-pandemic level of 85.5 percent in February 2020. The National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit data firm, gathers the data from approximately 1,300 individual skilled nursing facilities in 47 states.
BOISE, Idaho, and TRINITY and DE SOTO, Texas — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of two skilled nursing facilities in Texas and one in Idaho. The portfolio includes: River Pointe of Trinity Healthcare and Rehabilitation Center, a 98-bed skilled nursing facility located in Trinity; Park Village Healthcare and Rehabilitation, a 150-bed skilled nursing facility in De Soto; Skyline Transitional Care Center, an 80-bed skilled nursing facility located in Boise. The acquisitions are subject to a long-term, triple-net lease. This acquisitions bring Ensign’s portfolio to 245 …
PLAINFIELD, Conn. — Senior Living Investment Brokerage has arranged the sale of Villa Maria Nursing and Rehab, a 62-bed skilled nursing facility in Plainfield. The seller was a private owner looking to divest ownership of the asset, while remaining employed within the industry. The buyer is a New England-based owner-operator. Villa Maria represents its third community in Connecticut and is also strategically located within its current Connecticut footprint. The price was not disclosed. Dave Balow of SLIB handled the transaction.
State-by-state comparisons do little to solve the correct future for this complicated issue. By James Tellatin, Integra Realty Resources It is not surprising that states with certificate of need (CON) laws for skilled nursing facilities (SNFs) have higher occupancy than states without CON requirements, or moratoriums on new beds. Occupancy States Without Certificate of Need (8) 74.7% States With Certificate of Need 80.7% States With Skilled Nursing Facility Moratorium and No CON (9) 82.4% Source: 2019 Certification and Survey Provider Enhanced Reports (CASPER) The central question surrounding certificate of need …
CHICAGO — Smith Senior Living has completed a $23 million modernization at Smith Village, a continuing care retirement community in Chicago’s Morgan Park neighborhood. The project quadruples the number of private suites and rooms for rehabilitation and skilled nursing care residents by reducing its licensed beds to 78 from 100. Smith also built a three-story addition that houses therapy areas and dining rooms. Planning for this project began in 2017 and construction was accelerated because tradespeople were named essential workers during the pandemic, making this wing ready for total occupancy …
