Velocity of Seniors Housing Portfolio Sales Accelerates


Sales of seniors housing portfolios are heating up as owners of multiple properties find it an opportune time to exit the market while buyers seek to expand their holdings. Take, for example, two large recent portfolio sales arranged by broker Mark Myers, senior vice president in the Chicago office of Marcus & Millichap Real Estate Investment Services.

Myers, along with Christopher Hyldahl of the firm’s West Los Angeles office, negotiated the $123 million sale of a property portfolio that consists of six seniors housing campuses in Indiana. The seller was BAI of Indiana, a private, family-owned investment partnership. The buyer was Five Star Quality Care, a publicly traded seniors housing owner and manager based in Newton, Mass.

Another recent sale, brokered by Myers, for $27.65 million featured a portfolio of nine nursing homes in Iowa and Nebraska, representing the first eastward push by California-based buyer, the Ensign Group Inc.


Be Sociable, Share!
    Categories : National News

    Comments are closed.