MONTICELLOAM’s 2025 Activity
MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working capital for 16 skilled nursing facilities in Virginia. The sponsor owns/operates more than 200 SNFs across the country, and used the $455.5 million bridge financing to refinance existing debt on the Virginia assets. In addition, MONTICELLOAM arranged a $15.0 million working capital line of credit for the borrower to manage the daily operational... Read More »
CBRE’s Active 2025 and Q1:26 Projections
CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The investment sales team is projecting around $1.79 billion in closings in the first quarter of 2026 alone, which would surpass last year’s full-year total by 55.7%. That is some real momentum. Read More »
Underperforming AL/MC Assets Sell in Michigan
A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate optimization. Jim Knapp of the Knapp-Stahler Group at Marcus & Millichap handled the deal. The communities sit approximately 15 miles apart in rural southeast Michigan, together spanning more than 15 developed acres. The larger campus with 60 units comprises multiple buildings totaling over 36,000 square feet, and the second property features 20... Read More »
Global Real Estate Investor Enters Seniors Housing
Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common areas and improved operations before its divestment. Occupancy averaged 97% for the 24 months before closing, with strong NOI margins. The older-vintage independent living community sits in Orange County, California. Scott Frazier, Ben Firestone, Michael Segal and Jacob Gehl handled the transaction, which saw multiple competitive offers. The... Read More »
LTC Properties Gets Early Start on 2026 SHOP Acquisitions
LTC Properties started the year off with a large SHOP acquisition in Atlanta, Georgia. The portfolio comprises three seniors housing communities with nearly 400 independent living, assisted living and memory care units. The assets were built between 2014 and 2018, and were stabilized at the time of sale at 92% occupancy. LTC Properties will retain the in-place operator, The Arbor Company. The REIT purchased the portfolio for $108 million, or around $270,000 per unit, generating an approximate 7% year-one yield and an expected unlevered IRR in the low teens. The acquisition was funded through a revolving line of credit. The transaction checks a lot of the right boxes for LTC. It... Read More »
1019 Senior Living Enters Another State
1019 Senior Living entered a new state through its fifth seniors housing acquisition. The Indiana-based owner/operator purchased Arden Courts at Kenwood, rebranded as Belle’s Place of Kenwood, which was previously operated by Evergreen Senior Living. Built in 2002 with a new roof added in 2016, the asset sits in Cincinnati, Ohio, in the Kenwood suburb. The purpose-built, stand-alone memory care community features 60 units across a Green House-style building that comprises four individual homes. The physical plant was well maintained, but there remains an opportunity for renovations, including planned interior design updates. At the time of sale, Arden Courts at Kenwood was... Read More »
Medical Facilities of America Enters Ohio Senior Care Market
Lutheran Social Services sold three senior care communities in Ohio and engaged Connor Doherty and Ryan Kelly of Blueprint to handle the divestment. The portfolio was cash-flowing at the time of sale with stable operations. Kensington Place offers a full-continuum of care, with 126 independent living, assisted living and memory care units. It was built in 1990 and sits in Columbus. Lutheran Village of Ashland was built in 2000 and comprises 49 assisted living units in Ashland. The Good Shepherd Health and Rehabilitation Center is also in Ashland. It was built in 1997 and features 125 skilled nursing beds. Blueprint’s sale process generated five qualified offers, with Medical... Read More »
Live Well Cottages Locks in Construction Financing
Ziegler, through its Senior Housing & Care Finance Practice, priced Live Well Senior Living Inc.’s $45.6 million Series 2026 bonds. Live Well Senior Living is a not-for-profit organization that provides affordable seniors housing options. Live Well Cottages at Vineland is a planned 130-unit independent living cottage community on a 25-acre site in Vineland, New Jersey. Rental rates will include two hours of weekly in-home care, with additional services available as needed. Construction is scheduled to begin February 2026, and the first units have a planned completion date of six months after construction commences. The units will initially be occupied with temporary certificates of... Read More »
PGIM Divests Two Arizona Assets
JLL’s Seniors Housing Capital Markets team completed the sale and financing of three assets across two separate deals. First, it announced that it sold The Watermark at Morrison Ranch in Gilbert, Arizona, and Acoya Mesa in Mesa, Arizona. Both communities were stabilized at the time of the deal. JLL marketed the portfolio on behalf of the seller, PGIM, which owned Acoya Mesa in a joint venture with the original developer of the asset, Ryan Companies US, Inc. JLL also worked on behalf of the buyer to secure the 10-year, acquisition loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital. The Watermark at Morrison Ranch is a two-story building with 115 units of assisted... Read More »
Underperforming Asset Trades in California
A seniors housing community in Vacaville, California, sold with the help of Nick Stahler and Chad Mundy of The Knapp-Stahler Group at Marcus & Millichap. At the time of LOI, the asset was underperforming and financially strained. Built in 2004, it features more than 80 assisted living and memory care units and is licensed for over 90 beds on 3.66 acres near several healthcare providers between San Francisco and Sacramento. There is potential to add independent living units, creating a full continuum of care in a market with limited IL supply. The transaction was completed through a HUD loan assumption. The Knapp-Stahler Group sourced a buyer with operational expertise and the... Read More »Schedule a demo
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