• Multifamily Investor Enters Seniors Housing

    Chad Wegner of Senior Care Realty facilitated the sale of a RCAC in Northeast Wisconsin on behalf of a long-term operator. The RCAC had been family owned/operated since inception, and the seller decided to pass the torch and enter retirement. Purpose built in 2014 and expanded in 2017, this well-maintained community features 19 individual... Read More »
  • SLIB Closes Sale of Remaining Guardian Healthcare Assets

    The final three assets part of the Guardian Healthcare portfolio that fell into bankruptcy have sold after receiving HUD TPA (Transfer of Physical Assets) approval. Ryan Saul and Toby Siefert of Senior Living Investment Brokerage handled the sale.  The whole eight-facility portfolio was originally marketed by Senior Living Investment... Read More »
  • 1st Quarter Investor Call

    On Thursday April 24th, The SeniorCare Investor was joined by three expert panelists from the M&A and financing worlds to discuss case studies on deals that are closing right now (but would not have closed 12 months ago). Watch the webinar here. Read More »
  • Southeast Owner/Operator Secures HUD Refinancing

    Berkadia’s Steve Muth and Andrew Lanzaro closed two loans totaling $5.1 million using HUD’s 232/223(f) program for a Southeast-based owner/operator of seniors housing communities and a repeat Berkadia client. The refinancing paid off the remaining bank debt for a crossed pool of four assets in Mississippi comprising 157 total units (149 assisted... Read More »
  • Dwight Capital and Dwight Mortgage Trust Close Impressive Q1:25 Activity

    Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed $521 million in seniors housing financings during the first quarter. The transactions included significant bridge and HUD loans for skilled nursing facilities and assisted living communities in multiple states. DMT provided a $54.6 million bridge loan to finance the acquisition... Read More »
Multifamily Investor Enters Seniors Housing

Multifamily Investor Enters Seniors Housing

Chad Wegner of Senior Care Realty facilitated the sale of a RCAC in Northeast Wisconsin on behalf of a long-term operator. The RCAC had been family owned/operated since inception, and the seller decided to pass the torch and enter retirement. Purpose built in 2014 and expanded in 2017, this well-maintained community features 19 individual apartments with a mix of independent living and assisted living services in the Green Bay market. It maintained high occupancy and was cash flowing at the time of sale with the seller operating near a 30% profit margin.  After multiple offers, the selected buyer was a local multifamily investor with a nursing background that was looking to expand into... Read More »
SLIB Closes Sale of Remaining Guardian Healthcare Assets

SLIB Closes Sale of Remaining Guardian Healthcare Assets

The final three assets part of the Guardian Healthcare portfolio that fell into bankruptcy have sold after receiving HUD TPA (Transfer of Physical Assets) approval. Ryan Saul and Toby Siefert of Senior Living Investment Brokerage handled the sale.  The whole eight-facility portfolio was originally marketed by Senior Living Investment Brokerage in the fall of 2023 and went into bankruptcy after the buyer’s operator was not approved by the state. Still, the original buyer eventually became the stalking horse bidder. The operations of eleven other facilities were also slated for transfer. Guardian cited “lingering effects of COVID, labor shortages, rising wage inflation, increased... Read More »
1st Quarter Investor Call

1st Quarter Investor Call

On Thursday April 24th, The SeniorCare Investor was joined by three expert panelists from the M&A and financing worlds to discuss case studies on deals that are closing right now (but would not have closed 12 months ago). Watch the webinar here. Read More »
Southeast Owner/Operator Secures HUD Refinancing

Southeast Owner/Operator Secures HUD Refinancing

Berkadia’s Steve Muth and Andrew Lanzaro closed two loans totaling $5.1 million using HUD’s 232/223(f) program for a Southeast-based owner/operator of seniors housing communities and a repeat Berkadia client. The refinancing paid off the remaining bank debt for a crossed pool of four assets in Mississippi comprising 157 total units (149 assisted living and eight memory care).  The two earlier loans closed in late 2024 due to their opportunity zone location, which allowed for expedited processing. The total loan proceeds of $14 million also retired partnership debt from a prior addition funded by the sponsor. Two of the assets were built in 1998 with additions about 10 years ago, one... Read More »
Dwight Capital and Dwight Mortgage Trust Close Impressive Q1:25 Activity

Dwight Capital and Dwight Mortgage Trust Close Impressive Q1:25 Activity

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed $521 million in seniors housing financings during the first quarter. The transactions included significant bridge and HUD loans for skilled nursing facilities and assisted living communities in multiple states. DMT provided a $54.6 million bridge loan to finance the acquisition of a six-property, 925-bed skilled nursing portfolio in Pennsylvania. The properties include Hampton House (Wilkes Barre), Kingston Rehabilitation (Kingston), Pottsville Rehabilitation (Pottsville), Williamsport Bort and South Rehabilitation (Williamsport) and Yeadon Rehabilitation (Yeadon). In conjunction with the bridge loan, Dwight Healthcare... Read More »
Maryland-Based Owner Receives Two Separate HUD Financings

Maryland-Based Owner Receives Two Separate HUD Financings

Berkadia arranged two loans totaling $18 million through HUD’s 232/223(f) program for a Maryland-based owner of skilled nursing facilities and a repeat Berkadia client. First, Bianca Andujo secured a $6.4 million HUD loan for a 110-bed SNF in South Carolina. The loan proceeds were utilized to pay off previous bank debt and partnership debt associated with the 2023 acquisition.  Due to improved operations and increased reimbursement rates, the sponsor was able to recoup 100% of purchase costs with the refinance. Since acquiring, the facility has consistently operated at a stabilized occupancy rate of 95% or higher, which was maintained through underwriting and at the time of closing.... Read More »
PE Group Acquires in Kentucky

PE Group Acquires in Kentucky

Kyle Hallion, Connor Doherty and Ryan Kelly of Blueprint facilitated the sale of an assisted living community in Richmond, Kentucky. The community was built in 2009 and comprises 49 private units. The seller was a New York-based regional owner/operator divesting to strengthen its portfolio.  The buyer was a Midwest-based private equity group looking to expand its regional operating presence. The group sees an opportunity to improve operational performance and leverage economies of scale. Read More »
60 Seconds with Swett: April Already Passes 50 Transactions

60 Seconds with Swett: April Already Passes 50 Transactions

Tariff turmoil? Volatile and still-high interest rates? Uncertainty surrounding Medicaid spending, labor costs and HUD’s queue length? Seniors housing and care dealmakers have looked past a lot of this noise to announce 50 transactions in the first three weeks of the second quarter, putting the market on track for the busiest M&A period ever. We know we sound like a broken record, but the start of April did feel like we reached a new level of activity, and given the conversations we’ve been having in the last few weeks, the second and third quarters may only accelerate in deal volume. For some sellers, seeing through the January 2025 rate increases was enough to enter the transaction... Read More »
Underperforming AL Community Secured for Behavioral Health Conversion

Underperforming AL Community Secured for Behavioral Health Conversion

Blueprint’s behavioral healthcare team was engaged by a single-site residential behavioral healthcare provider in its search for a larger facility to meet its growth needs. The operator, a prominent first responder behavioral healthcare provider, acquired a former assisted living community near Park City, Utah, to expand its residential behavioral healthcare treatment capacity. The community was underperforming and primed for conversion given the ideal physical plant layout and substantial bed capacity.  There was a limited geographic scope for relocation given the operator’s need to retain experienced and reputable staff in a lightly populated region. There were also zoning... Read More »
Washington SNF Receives HUD Refinancing

Washington SNF Receives HUD Refinancing

Berkadia’s Jay Healy Andrew Lanzaro arranged a $15 million loan through HUD’s 232/223(f) program for a California-based sponsor and repeat Berkadia client. The 35-year, non-recourse loan refinanced bank debt that was utilized to pay off the previous HUD loan and fund a new addition for the 99-bed skilled nursing facility located in Bothell, Washington.  The new expansion will include 20 new private rooms, a therapy gym and a dining area. The 99-bed, four-star facility was originally built in 1964 and 1984. At closing, the property had a 56% quality mix. Read More »
Ziegler Handles Bond Financing

Ziegler Handles Bond Financing

Ziegler announced the closing of Covenant Living Communities and Services $146.46 million Series 2025A tax-exempt bonds. The bonds were issued through the Colorado Health Facilities Authority. Ziegler and CLCS have been partners for over 30 years. CLCS is a not-for-profit organization established to operate a multi-site system of CCRCs on behalf of the Board of Benevolence of The Evangelical Covenant Church. It currently operates 20 communities in 11 states with over 5,900 total units, including communities inside and outside of the Obligated Group.  Proceeds of the Series 2025A bonds will be used to fund approximately $85 million of new money project costs as well as to currently... Read More »