• Chicagoland Portfolio Finds New Owner

    A value-add senior care portfolio in Chicagoland traded with the help of Blueprint’s Ryan Kelly, Connor Doherty, Alex Florea, Lauren Nagle and Brooks Blackmon. The team worked on behalf of a national developer/investor, which had engaged Blueprint to create an exit strategy for more than a dozen geographically disparate, older-vintage communities... Read More »
  • Publicly Traded REIT Divests in Illinois

    Berkadia was engaged in the divestment of an assisted living and memory care community in Barrington, Illinois. The Berkadia Seniors Housing Team, led by Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders, closed the transaction on behalf of a publicly traded REIT. The buyer was a regional owner/operator. But no other details were... Read More »
  • CFG Secures $13.55 Million in HUD Loans

    Capital Funding Group closed two HUD loans totaling $13.55 million to support the refinancing of two skilled nursing facilities. Both facilities are in Illinois, and together they comprise 173 beds. No other details surrounding the financing were disclosed. This announcement follows CFG’s closing of $16.25 million in bridge-to-HUD financing on... Read More »
  • CBRE Secures Bridge Financing For Two Communities

    CBRE secured bridge financing for two seniors housing communities in western Pennsylvania. Aron Will and Tim Root arranged a non-recourse loan with a sub-300 spread through a regional bank. The borrower was CPF Living Communities.  Built in 2017, The Residence at Bethel Park is in Bethel Park with 130 independent living units. The Residence at... Read More »
  • G Capital Markets Closes Cash-Out Recap

    G Capital Markets, a capital advisory firm based in Carmel, California, recently closed on the recapitalization of a 29-unit/59-bed assisted living community in Livermore, California. Built in 2021 by a regional owner/operator, the property leased up in 2022 and has shown consistent strong performance since then, with cash flow margins well over... Read More »
National Health Investors Growing Yet Again

National Health Investors Growing Yet Again

Continuing its buying streak, National Health Investors added five new memory care communities and a new tenant relationship to its growing portfolio. The LaSalle Group developed these communities, located in Texas and Illinois with 223 total units, under the Autumn Leaves brand of stand-alone memory care communities. This isn’t the first time we’ve heard that name, as Autumn Leaves seemed to open a new community every other week in 2014/2015, concentrating in the Texas and Illinois markets. The openings keep coming too. Just this month, the operator opened its first South Carolina community in Greenville. There are two more projects scheduled to open in that state in the next two years,... Read More »

Hunt and Healthcare

Entering the senior living/healthcare lending market, Hunt Mortgage Group closed its first transaction in that sector with an $8.85 million refinance loan for a 50-bed memory care community in Rockwall, Texas through its new balance sheet lending platform launched earlier this year. Jim Neil, Director of Healthcare Lending at Hunt, was the originator while Jenifer Williams led the underwriting team on the transaction. On the receiving end of this loan was The LaSalle Group, the developer of the prolific Autumn Leaves® brand of assisted living/memory care with 27 existing communities and 15 under construction. Its community in Rockwall opened in 2011 and stabilized by mid-2013. But when a... Read More »

It may be spring, but Autumn Leaves are burgeoning

One week before The LaSalle Group broke ground on its ninth memory-care community in suburban Chicago, the company celebrated the grand opening of its second memory care community in the Atlanta area. On May 1, Autumn Leaves of Towne Lake— a 28,000 square-foot, $9.8 million community located in Woodstock, Georgia, about 30 miles north of Atlanta—opened with an official ribbon-cutting ceremony. The Towne Lake community will provide specialized services to 50 residents living with Alzheimer’s disease, dementia, or memory impairment. Then on May 7, Autumn Leaves of Arlington Heights, located 25 miles northwest of downtown Chicago, had its official groundbreaking ceremony. The Arlington... Read More »