Well-Performing Facility Sells for Strong Price
A rare skilled nursing and behavioral health facility in Tucson, Arizona, sold for a strong price to a partnership between a regional healthcare equity investor and a national skilled nursing operator. Featuring more than 140 beds, the facility is licensed by the state for both medical and behavioral health services, being the only SNF in the Tucson area to be dedicated exclusively to behavioral healthcare. That helped contribute to its strong financial performance with healthy cash flow, as well as to investor interest in the listing. The facility also recently received capital enhancements. Henry “Hap” Knowles, Nick Stahler and Michael Mooney of The Knapp-Stahler Group at Marcus... Read More »
AL Community with Attached SNF Trades
An assisted living community with an attached, vacant 65-bed skilled nursing facility in Faribault, Minnesota, sold with the help of Ray Giannini of Marcus & Millichap. Built in 1998, Pleasant View Estates features 36 units and a 75% elderly waiver census. The community was well-occupied and operated at a strong margin. It was previously owned and operated by Monarch Healthcare Management, which operates another SNF in town. A local individual, who operates other facilities in other states, paid $6.5 million, or $180,600 per unit, and acquired the unlicensed, vacant SNF as part of the deal. Read More »
Regional Bank Funds Dallas Development
Construction projects, although rare, can still get done these days. Tremper Capital Group successfully secured an $84 million non-recourse loan from a regional bank to fund a development in the Dallas, Texas MSA. The 164-unit independent living, assisted living and memory care project is being built by Harbert South Bay Partners in the high-barrier-to-entry Highland Park submarket. The Tremper Capital Group team had originally placed the non-recourse land acquisition financing. The current debt package comes out to $512,000 per unit, putting the development cost well above $700,000 per unit. Read More »
UMRH Expands Two CCRCs in North Carolina
Ziegler closed The United Methodist Retirement Homes’ (UMRH) $92.125 million Series 2025A, 2025B and 2025C bonds. UMRH is a North Carolina-based not-for-profit corporation that owns and operates three CCRCs in North Carolina: Croasdaile Village Retirement Community in Durham, Wesley Pines Retirement Community in Lumberton, and Cypress Glen Retirement Community in Greenville. In total, there are 688 independent living units, 28 memory care units, 112 assisted living units and 194 skilled nursing units. Since 2000, UMRH has been managed by LCS. UMRH, with the assistance of LCS as developer, is expanding both the Croasdaile Village and Wesley Pines communities. The Croasdaile Village project... Read More »
Lending Platform Provides Bridge Financing
MONTICELLOAM, LLC and firm affiliates provided $68 million in bridge financing to a three-facility skilled nursing portfolio in Illinois. The financing was originated by Karina Davydov, Senior Managing Director, Originations. Loan proceeds will be used by the operator, a returning MONTICELLOAM healthcare client with extensive operating experience, to refinance the existing debt on the skilled nursing portfolio, comprising 746 licensed beds in Illinois. Read More »
Newmark Facilitates Morgan Stanley/MorningStar Deal
Morgan Stanley Investment Management made a splash in announcing the acquisition of three Class-A seniors housing communities in the Denver, Colorado MSA. The communities comprised 463 units and were previously owned by Kayne Anderson Real Estate. They were managed by MorningStar Senior Living, which is based in Denver and staying on as operator going forward. The high-quality portfolio has demonstrated strong historical performance. Investment funds managed by Morgan Stanley Real Estate Investing acquired the properties for $305 million, or $658,700 per unit, having started investing in seniors housing in 2022 and growing their ownership interests to around 30 communities across the... Read More »
Town Lane Announces First Deal with Arcole Platform
Town Lane, a real estate investment management firm, and Atlas Senior Living, a Birmingham-based seniors housing operator, acquired The Overlook at Suwanee, a 175-unit independent living, assisted living and memory care community in Suwanee, Georgia. The community was formerly Heartis Suwanee, which was built in 2018 by Caddis. Tremper Capital Group arranged acquisition financing for the deal. The acquisition expands the companies’ growing partnership across the Southeast. It also marks Town Lane’s fourth seniors housing acquisition in its inaugural fund and a first acquisition with Arcole, a recently launched seniors housing platform. Arcole was founded by Artemis-alum Kelly Sheehy and... Read More »
Evans Senior Investments Handles Two-SNF Trade
Two skilled nursing facilities in northeast Pennsylvania found a new owner, after its independent owner/operator decided to fully exit the business. Evans Senior Investments was the exclusive sell-side advisor on the deal, which featured the 133-bed/unit Ellen Memorial Health Care Center in Honesdale and the 115-bed Carbondale Nursing & Rehab Center in Carbondale. They were built in 1976 and 1998, respectively, and the Ellen location held a CCRC designation, with five independent living units. A new entrant to the skilled nursing sector, which will partner with a new regional operator to assume day-to-day operations, acquired the facilities for a combined $22.375 million, or $91,300... Read More »
Alabama AL/MC Asset Sells
Daniel Geraghty and Brad Clousing of Senior Living Investment Brokerage handled the sale of an assisted living/memory care community in Anniston, Alabama. The property underwent a full interior renovation in 2025 and was being sold by a Southeast-based owner that was exiting the industry. A publicly traded REIT, leveraging one of its existing operating partners for the deal, acquired the community for an undisclosed price. The deal closed less than 75 days following execution of the LOI. Read More »
SVN Senior Living Advisors Sells Two Texas SNFs
A regional owner/operator was looking to grow its portfolio in Texas and acquired two skilled nursing facilities totaling 188 beds in the state. SVN Senior Living Advisors (SVN SLA) represented the private seller, which had been referred to SVN SLA by one of its institutional lender clients. Managing Director Josh Salzman led an efficient and effective transaction that targeted buyers with a high degree of closing certainty. The transaction went from LOI to closing quickly. Read More »Schedule a demo
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