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 cashflow.

Helios arranged a mortgage loan through Texana Bank to fund the purchase at 85 percent loan-to-cost ratios and an interest rate of 7.5 percent under a 25-year amortization.

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