Blueprint Adding HUD Lending Platform
Fresh off another record-setting year for investment sales activity, Blueprint announced a major expansion of its capital markets services to now include FHA/HUD lending and servicing capabilities. The firm is acquiring the existing FHA/HUD lending platform of MidCap Financial Services, and hiring Tony Marino, formerly of Cambridge Realty Capital Companies, to lead the practice alongside Chief Underwriter Ramona Mitchell, who has decades of experience in HUD lending. The move allows Blueprint to now offer long-term financing solutions to its clients, what it describes as a natural extension of its mission to provide best-in-class advisory services throughout the asset lifecycle. The... Read More »
More New Capital Enters Seniors Housing
A fully-integrated real estate firm that is well known in the student housing world announced its foray into the seniors housing industry. Landmark Properties focuses on the development, construction, acquisition, investment management, and operation of high-quality residential communities, but the company’s intent is to invest in ground-up development and acquisition opportunities in seniors housing through partnerships with best-in-class operators. It cited the industry’s recovery and the incoming supply and demand imbalance as part of its motivation to enter. Landmark Properties appointed industry executive Shashank Goel as Senior Director of U.S. Senior Housing Investment Management.... Read More »
Berkadia’s Recent Financing Activity
In the past 30 days, Berkadia’s Jay Healy and Andrew Lanzaro have closed $111.5 million across four financings for four separate sponsors, encompassing eleven properties in six states. The activity included three bridge financings totaling $69.6 million from Berkadia’s proprietary balance sheet and a $41.9 million HUD refinance. The first transaction was a $9.1 million bridge-to-HUD loan for a repeat client based in El Segundo, California. Proceeds were used to retire senior debt and a portion of related-party acquisition financing in advance of a HUD refinance. The collateral is a 79-unit, 2006 vintage assisted living and memory care community in Nampa, Idaho, which the sponsor acquired... Read More »
Inspirit Senior Living Appoints New President
Torey Riso is heading back to the operating world, joining Inspirit Senior Living as President as of March 16. He joins Dave McHarg, who is the CEO of Inspirit and Founding Partner of the company. Since its founding in 2015, Inspirit has grown to 37 properties under management, with Inspirit holding an equity interest in around half of those. The platform is also well positioned to continue its growth trajectory through both management opportunities and strategic value-add/turnaround equity investments with institutional partners. Inspirit could take advantage of several REITs’ desire to grow their SHOP portfolios. Plus, it continues to work closely with Venue Capital, founded by Care... Read More »
Cap Rates Continue Compression in JLL’s Investor Survey
Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Bryan Lockard, Executive Managing Director of JLL’s Value and Risk Advisory, to discuss the results of JLL’s recently published 2026 Seniors Housing & Care Investor Survey and Trends. They also covered some major topics heading into NIC in Nashville. Read More »
60 Seconds with Swett: Burning Questions for NIC Attendees
This time next week, we’ll be heading out of Nashville from the Spring NIC conference likely buoyed by the overwhelmingly positive mood we’re expecting from most of our industry friends. It’s hard not to be optimistic when occupancy and margins are increasing to healthy levels nationally, and show no signs of stopping, when liquidity is increasing and when values are rising across both seniors housing and skilled nursing. We’ll want some questions answered when we hit the ground in Nashville, too. Like will prices for core, Class-A assets rise enough to force more investors into the Class-B/value-add space, and increase prices for those assets in 2026? Or, will the continued resident rate... Read More »
Janus Living’s IPO Results
Janus Living has completed its initial public offering, raising $878 million after deducting the underwriting discount and estimated expenses payable by the company. The REIT sold 48.3 million shares of its Class A-1 common stock at $20 per share, including the full exercise of the underwriters’ 6.3 million-share option. It made its New York Stock Exchange debut March 20 under the ticker “JAN,” with shares trading well out of the gate. The stock opened at $23.50, climbed as high as $23.96 intraday and closed at $23.61. The net proceeds received from the offering are expected to be used to pursue acquisitions and investment opportunities, in addition to general corporate purposes. The... Read More »
VIUM Capital Secures Slew of HUD and Bridge Financings
VIUM Capital recently closed a series of healthcare and seniors housing real estate financings across multiple states, spanning both HUD-insured loans and bridge executions for skilled nursing, assisted living and memory care assets. The largest loan was a $56.4 million HUD financing for a 325-bed skilled nursing facility in Florida. The facility was approximately 93% occupied and had existing acquisition and capital improvement debt. With the refinance, ownership also wished to fund additional renovations aimed at enhancing resident areas and increasing Medicare mix. Then in Colorado, VIUM closed a $51.0 million HUD loan across a five-facility skilled nursing portfolio totaling 311 beds.... Read More »
Several Senior Care Finances Close
Jeremy Warren of Montgomery Intermediary Group reported an active end of winter, closing a handful of debt transactions for clients in Illinois and Kentucky. First, he helped the owner of a 77-bed skilled nursing facility in Kentucky refinance existing acquisition debt following a successful operational turnaround. Since acquiring the facility with a $6.3 million loan just 18 months prior in 2024, ownership has controlled expenses and benefitted from Kentucky’s boosted Medicaid rates. The building also holds a five-star rating from CMS. The borrower was able to obtain a $17 million bridge-to-HUD loan from a bank, nearly triple the debt amount from 2024. Next, Warren arranged a $12.3... Read More »
Developers Divest Class-A Seniors Housing Portfolio
A portfolio of seniors housing communities sold, with the six assets located across two states in the Kansas City, Kansas MSA. The seller was a joint venture between Hunt Midwest, a Kansas City-based real estate development company, and Principal Senior Living, a Georgia-based developer/owner/operator of senior living communities. The portfolio comprises 413 assisted living/memory care units in Kansas City, Blue Springs and Raymore, Missouri, and Olathe and Lenexa, Kansas. The Class-A buildings were built between 2015 and 2019, and at the time of closing they were over 90% occupied. Berkadia’s Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers handled the deal on behalf of the... Read More »Schedule a demo
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