• Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing

    Genesis HealthCare has filed for Chapter 11 bankruptcy protection, listing its 298 affiliated holding companies, ancillary businesses and insurance vehicles in its submission to the U.S. Bankruptcy Court for the Northern District of Texas Dallas Division. It is one of the largest skilled nursing operators in the country and operates 218... Read More »
  • Cindat Capital Management Invests in Colorado Community

    Cindat Capital Management, a middle-market real estate private equity platform focused on seniors housing and opportunistic investments, announced its first investment from its Senior Housing Credit Platform. It was a unitranche debt investment in The Pearl at Boulder Creak, a 116-unit, Class-A independent living and assisted living community... Read More »
  • MedCore Divests to Publicly Traded Healthcare REIT

    Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12... Read More »
  • Forbright Bank’s H1 Activity

    Forbright Bank reported its activity for the first half of the year from its healthcare and HUD lending teams, announcing more than $500 million in loans closed for acquisitions, recapitalizations, working capital, and HUD financings for healthcare providers across the country. One of the largest transactions was a $60 million revolving loan to... Read More »
  • Large SNF Portfolio Secures Financing

    MONTICELLOAM, LLC announced the closing of $218.3 million in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the... Read More »
Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing

Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing

Genesis HealthCare has filed for Chapter 11 bankruptcy protection, listing its 298 affiliated holding companies, ancillary businesses and insurance vehicles in its submission to the U.S. Bankruptcy Court for the Northern District of Texas Dallas Division. It is one of the largest skilled nursing operators in the country and operates 218 facilities in 19 states. In the bankruptcy filing, there is a proposed transaction that would result in a current company investor, ReGen Healthcare, LLC, acquiring the operations. Terms of that deal will be disclosed soon, but any deal would be subject to higher bidding and approval. Genesis also revealed that it has secured a commitment of $30 million in... Read More »
Cindat Capital Management Invests in Colorado Community

Cindat Capital Management Invests in Colorado Community

Cindat Capital Management, a middle-market real estate private equity platform focused on seniors housing and opportunistic investments, announced its first investment from its Senior Housing Credit Platform. It was a unitranche debt investment in The Pearl at Boulder Creak, a 116-unit, Class-A independent living and assisted living community built in 2023 in Boulder, Colorado, adjacent to the University of Colorado campus. The community is supported by a strong sponsor and an experienced operator. The asset aligns with CCM’s strategy of investing in seniors housing assets with strong operations, a desirable physical plant and a secure competitive market positioning. Blueprint’s Ben... Read More »
MedCore Divests to Publicly Traded Healthcare REIT

MedCore Divests to Publicly Traded Healthcare REIT

Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12 Oaks Senior Living brought it to the final stages of lease-up before MedCore bought the property in February 2020 and brought on Integral Senior Living to operate. Since then, Parkview on Hollybrook has stabilized and is now being sold to a publicly traded healthcare REIT. Eric Johnson and Dalton Esmond of Ziegler led the transaction. Read More »
Forbright Bank’s H1 Activity

Forbright Bank’s H1 Activity

Forbright Bank reported its activity for the first half of the year from its healthcare and HUD lending teams, announcing more than $500 million in loans closed for acquisitions, recapitalizations, working capital, and HUD financings for healthcare providers across the country. One of the largest transactions was a $60 million revolving loan to finance working capital for 49 skilled nursing facilities with over 5,000 beds in Texas.  Forbright also participated as a co-lender as part of a larger term loan totaling $45.5 million that supported the recapitalization of 16 seniors housing properties across multiple states. One borrower obtained a $17.9 million term loan from Forbright to... Read More »
Large SNF Portfolio Secures Financing

Large SNF Portfolio Secures Financing

MONTICELLOAM, LLC announced the closing of $218.3 million in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the portfolio, originally financed by MONTICELLOAM in May 2024. The $10 million working capital line of credit will be used to cover the day-to-day operational needs of over 1,500 skilled nursing beds across the state. Read More »
Greystone Provides Bridge Loan for Affordable Seniors Community

Greystone Provides Bridge Loan for Affordable Seniors Community

Greystone provided a $40 million bridge loan to acquire and rehab a seniors housing community in The Bronx, New York. The financing was originated by Senior Managing Director Eric Rosenstock and Executive Vice President Jeff Englund on behalf of a joint venture between Scott Jaffee of Metropolitan Realty Group and Leo Friedman of Citadel Care Centers. Built in 1969, Kittay House comprises 295 affordable seniors units with social, recreational, and educational programs on-site as well as meals, housekeeping and easy access to healthcare and supportive services. Greystone’s interest-only non-recourse bridge loan carries a 24-month term with two six-month extension options. Read More »
Lument Finalizes Freddie Mac Construction Loan

Lument Finalizes Freddie Mac Construction Loan

Lument announced the closing of a $33.6 million Freddie Mac loan to facilitate the construction of The Culbreath, a 364-unit affordable seniors housing community in Dallas, on behalf of DHA Housing Solutions of North Texas (DHA) and Volunteers of American National Services (VOANS). To finance the new construction project, which has a total cost of $96.7 million, Lument Securities provided bond underwriting services for $45.6 million in tax-exempt cash collateralized bonds while Lument Real Estate Capital structured the $33.6 million Freddie Mac tax-exempt loan to serve as permanent financing. Senior Managing Director Tracy Peters and Director Dale Giffey led the transaction for Lument.... Read More »
Ziegler Closes Tax-Exempt Bond Issue for Florida Not-For-Profit Corporation

Ziegler Closes Tax-Exempt Bond Issue for Florida Not-For-Profit Corporation

Ziegler announced the successful closing of a $25 million tax-exempt bond issue for Orlando Senior Health Network. The Series 2025 bonds were issued through the Florida Local Government Finance Commission. This marks the third transaction Ziegler has completed for OSHN over the past decade. Orlando Lutheran Towers, Inc., doing business as Orlando Senior Health Network, is a Florida not-for-profit corporation that owns and operates a Type-B CCRC, Orlando Lutheran Towers. Built in 1980, the community features 184 independent living units in one building (the Fountains), 81 assisted living units in another building (Windsor Place), and 168 skilled nursing beds on 4.5 acres in downtown... Read More »
Seniors Housing and Care M&A Activity Inches Up in Q2:25 but Lags Behind Q2:24

Seniors Housing and Care M&A Activity Inches Up in Q2:25 but Lags Behind Q2:24

The number of publicly announced seniors housing and care acquisitions in the second quarter of 2025 totaled 181 deals, based on new acquisition data from LevinPro LTC. This represents a 1.1% increase from the 179 transactions disclosed in the first quarter of 2025, but a 3.2% decrease from the 187 deals in Q2:24. Additionally, the $5.68 billion spent on Q2:25 transactions fell by 2.7% from the $5.84 billion spent on Q1:25 transactions, and rose by 134.7% from the $2.42 billion spent in the year-ago first quarter, based on disclosed prices.  Stripping foreign transactions from the totals of publicly announced transactions, the second quarter of 2025 saw 133 U.S. deals, or 532 on an... Read More »
MedCore Divests to Publicly Traded Healthcare REIT

Local Investor Partnership Divests to Ensign in Texas

Daniel Morris of Plains Commercial Real Estate arranged the off-market sale of a 124-bed skilled nursing facility in Duncanville, Texas, that was owned by a partnership of local investors. The building was leased to a national operator, which has managed the facility since its construction in 2009. The asset sold six weeks after execution of the purchase and sale agreement, with a long-term lease in place with the current operator. The Texas Broker of Record was DuWest Management Services, Inc.  The Ensign Group announced that it acquired the real estate of Duncanville Healthcare and Rehabilitation Center through a subsidiary of Standard Bearer Healthcare REIT. This facility also... Read More »
Leo Brown Group Divests Class-A Community in Cincinnati MSA

Leo Brown Group Divests Class-A Community in Cincinnati MSA

Berkadia sold a 146-unit seniors housing community in the Cincinnati, Ohio MSA, on behalf of the seller, Indianapolis-based Leo Brown Group, which originally built the community. Built in 2021 with 52 independent living, 64 assisted living and 30 memory care units, it was 95% occupied as of June 30, 2025, with the memory care portion fully occupied. A longtime owner of seniors housing communities bought the property on July 1, for an undisclosed price. Traditions Management will stay on as the operator. Read More »