• Brookdale Shares Hit Seven-Year High

    Brookdale Senior Living has posted occupancy increases for several consecutive months. The operator has lagged behind the industry for a decade now, so it is about time.  Weighted average occupancy has increased each month since January, beginning at 79.2% and reaching 82.5% in September. The third quarter’s average of 81.8% is up 290 basis... Read More »
  • Newmark’s Nearly $2 Billion Third Quarter

    Newmark is in the middle of a banner year for both investment sales and debt financings, and both its deal volume and activity appears to be accelerating as the year progresses. In the year to date, the team has closed nearly $3.6 billion in investment sales, and $1.9 billion in the third quarter alone. Excluding the Amica Senior Lifestyles... Read More »
  • Clarion Partners Makes Its First Seniors Housing Purchase

    Clarion Partners made its first seniors housing acquisition, buying Sancerre at Atlee Station in Mechanicsville, Virginia (Richmond MSA). Built in 2023, the community features 103 units of independent living, assisted living and memory care. It experienced a rapid lease-up, reaching 90% occupancy by October 2024. Census is now in the mid-90s, and... Read More »
  • LTC Properties Continues to Reduce Skilled Nursing Exposure to Support SHOP Growth

    LTC Properties sold two skilled nursing facilities in Florida totaling 240 beds for $42 million, or $175,000 per bed, with expectations of a gain on the sale of approximately $26 million. These two facilities are part of a divestment effort that includes five additional SNFs. An undisclosed operator (one of LTC Properties’ top 10 operating... Read More »
  • Kentucky SNF Sells with Blueprint’s Help

    Blueprint finished the third quarter with 48 deal closings valued at $840 million. Included in that impressive activity were four closings in Kentucky totaling more than $200 million in dollar volume. Big bucks in the Bluegrass State. In one of those closings, Blueprint represented a local family with its sale of a high performing skilled nursing... Read More »

Spotlight on Senior Care M&A, Seventh Edition

The SeniorCare Investor is releasing a mid-year update of its key valuation statistics for the assisted living, independent living and skilled nursing sectors in its latest report: Spotlight on Senior Care M&A. Check out the average prices and cap rates, as well as analysis of industry headwinds and tailwinds. Read More »
Mid-Year 2025 Valuation Stats Update Webinar

Mid-Year 2025 Valuation Stats Update Webinar

The SeniorCare Investor hosted its Mid-Year 2025 Valuation Stats Update webinar, sponsored by HealthTrust. Managing Editor Ben Swett moderated the discussion and presented the latest M&A and valuation statistics derived from LevinPro LTC’s proprietary database, updated through the most recent four-quarter period. He was joined by panelists Colleen Blumenthal, COO of Healthtrust, Aron Will, Vice Chairman of Capital Markets at CBRE, and Travis Wiebe, Asset Manager at AEW, for a conversation on current trends in the market, potential pitfalls to avoid in the dealmaking process and 2026 M&A strategies. Read More »
PACS Group Gets Breathing Room After Defaults

PACS Group Gets Breathing Room After Defaults

PACS Group (which operates 314 communities across 17 states), Truist Bank, and PACS’ lenders entered into forbearance agreements on Wednesday, August 13. This is the fifth change to the agreements. Deficiencies in financial reporting across multiple periods resulted in defaults under its master lease with Omega Healthcare Investors, which triggered related defaults under the company’s credit agreement.  Truist and the lender group agreed to hold off on taking action over the defaults until October 31, 2025, with the option to extend that deadline to November 30 or longer if they choose. The landlords under the Omega Master Lease also agreed to pause enforcement during this same... Read More »
Sonida Sees Slight Census Growth

Sonida Sees Slight Census Growth

Sonida Senior Living continues its upward occupancy march and announced some positive operations news in its latest earnings report, but its growth was curbed somewhat in the second quarter, at least on a year-over-year basis. First, with the good news, Sonida reported the July end of period spot occupancy for the same-store communities was 88.2%, which is a record high and increased 60 basis points versus June. However, weighted average occupancy for Sonida’s same-store portfolio only increased 40 basis points to 86.5% in the second quarter of 2025 from 86.1% in Q2:24.  In the earnings call, President and CEO Brandon Ribar commented that they had seen an “unusually high uptick in... Read More »
Brookdale Misses Revenue Targets, Again

Brookdale Misses Revenue Targets, Again

Brookdale Senior Living continues to slap investors and analysts around, missing consensus revenue targets for the fourth quarter in a row. We know, never rely on “consensus” anything, but the company seems to always disappoint, even now when everything should be rallying. Investors did not like what they heard and sent shares tumbling by 10% in early trading, with some recovery later in the morning.  It was not all bad news, of course. Occupancy continues to rise, with weighted average occupancy over 80% in the second quarter, a key benchmark, and same-community occupancy rose to 80.7% in the second quarter, up 190 basis points year over year and up 70 basis points sequentially.... Read More »
LTC Properties and Sabra Up Their Guidance

LTC Properties and Sabra Up Their Guidance

With $400 million of new investments now included in its guidance, LTC Properties upped its forecast for the rest of the year. Its SHOP portfolio will more than double in size as the REIT transforms itself from a mostly triple-net lease orientation to a more diversified investor, taking advantage of improving operating metrics. Over the next 60 days, LTC expects to close about $320 million in new investments, of which $60 million is a five-year mortgage loan at 8.25%. When these investments close, LTC’s SHOP portfolio will represent nearly 20% of the total portfolio. Net income, FFO and FAD guidance were all increased. Sabra Health Care REIT also increased its guidance based on new... Read More »