Investor Acquires Community Out of Receivership
Fortress Investment Group acquired an assisted living/memory care community in Palm Coast, Florida, in a court-approved sale process. Built in 2018 just a mile from the Atlantic Ocean, the community features 130 units on an 11.4-acre site. There are 86 assisted living units and 22 memory care units, along with 22 “enhanced” assisted living units. Tuscan Gardens of Palm Coast, LLC was placed in receivership as of June 2023 after its owner, Tuscan Gardens Senior Living Communities, Inc. (run by CEO Larry Pino, Esq.), failed to establish an approximately $1.55 million reserve fund, as formally requested by the master trustee (U.S. Bank Trust Company, National Association) in February... Read More »
Seniors Housing Deals Close Across Several Markets
Coming off of a successful 2025 with 32 separate transaction closings totaling more than $900 million in volume, the Walker & Dunlop investment sales team is off to a strong start in 2026 with a number of seniors housing and healthcare real estate transactions closed in the first quarter, so far. The deals spanned several markets, and the entire seniors housing spectrum, and include transactions in Michigan, Massachusetts, Louisiana and Wisconsin, as well as a two-property transaction in Ohio. Plus, the team provided advisory services on a skilled nursing transaction in the St. Louis MSA. The deals all included value-add, private client-owned communities. The buyers were also primarily... Read More »
Selectis Health Divests Two SNFs to Journey
Selectis Health is selling two skilled nursing facilities in Georgia to the skilled nursing operator Journey. The deal included the 101-bed Glen Eagle Healthcare in Abbeville and the 100-bed Rehab and Eastman Healthcare and Rehab in Eastman. Journey-affiliated entities will purchase the pair for $15.7 million, or $78,100 per bed, subject to customary prorations and adjustments. Selectis also signed an operations transfer agreement with Journey-affiliated entities to transition management of the two facilities. Read More »
Sonida Closes CNL Acquisition, Reports Q4 Results
On the same day as fourth quarter and year-end 2025 financial results were announced, Sonida Senior Living closed on its previously announced acquisition of CNL Healthcare Properties (CNL). The transaction value was approximately $1.8 billion and included a combination of cash (32%) and stock (68%). Because Sonida’s share price had risen above the upper collar price since the transaction was announced, Sonida issued about seven million fewer shares to the CNL shareholders than was originally anticipated. For existing Sonida owners, this was great since it cut the dilution. Some industry observers were not happy with the deal, believing that Sonida paid a hefty price. One counter to that... Read More »
Investor Acquires Struggling Las Vegas AL/MC Asset
A Utah-based investor is taking on a seniors housing community located in a strong MSA but that was 40% occupied and losing money. Amy Sitzman and Jake Rice of Blueprint were brought on to handle the seller’s divestment, with the turnaround opportunity generating strong investor interest. Ultimately, six competitive offers were received from a mix of private equity groups, family offices and high-net-worth investors. Built in the late 1990s, the community features 121 assisted living and memory care units. It sits in the Las Vegas, Nevada MSA, and marks the buyer’s entrance into the market. It appears to be Escalante at The Lakes, which was acquired by MedCore Partners in 2022 as... Read More »
12 Oaks Senior Living Expands Its Management Portfolio
12 Oaks Senior Living has expanded its senior living portfolio, re-entering the Baytown, Texas, market (Houston MSA), after being brought on by an investor to manage The Lodge at Pine Creek. This marks the second community the operator will manage on behalf of the buyer. Built in 2021, the property includes 10 independent living cottages with two units in each, 107 independent living apartments, 60 assisted living units and 30 memory care units. At the time of sale, the community was below 60% occupied and operating at a loss. It is the newest and largest full-continuum community in the market, and the only to offer cottages, which should help attract seniors as the operator works... Read More »
GEM Realty Closes an Acquisition in South Carolina
The Caliborne at Brickyard Crossing, a Class-A seniors housing community in South Carolina, traded hands with the help of acquisition financing secured by BWE. Taylor Mokris and Ryan Stoll of BWE served as exclusive financial advisor to the buyer, GEM Realty Capital, running a competitive process that sourced numerous quotes. Financing was arranged through a national bank with a dedicated seniors housing vertical. The full-continuum community is situated in Summerville (Charleston MSA) with 78 independent living, 44 assisted living and 20 memory care units. CR Properties developed the asset, which opened in 2022 and achieved stabilization within 12 months, demonstrating strong operating... Read More »SLIB Handles Long Island Assisted Living Deal
A seniors housing campus on Long Island’s North Shore recently sold with the help of Dave Balow and Ryan Saul of Senior Living Investment Brokerage. The campus comprises Oyster Bay Manor, an assisted living community built in 1984, and Harbor House, a memory care community opened in 2001. Harbor House was the first of its kind to serve Alzheimer’s residents on Long Island. Additionally, there is an ancillary home healthcare agency that was established in 2014. Combined, there are 136 units and 208 licensed beds. Occupancy was around 84%, and the community operated at a 22% margin on $12.375 million of revenues. Its local owner/operator decided to sell to a private real estate investor with... Read More »
Brookdale’s Portfolio Stumbles in February
Brookdale Senior Living reported its February 2026 occupancy numbers, and if the remaining cold weather months even closely resemble what the company has posted so far this winter, they will need to do some serious heavy lifting this summer to progress in its census rebound. All of its reported occupancy figures, including consolidated and same-community weighted average and month-end occupancy, posted year-over-year increases, but each also reported declines in recent months. Focusing on its same-community portfolio for now, February’s weighted average occupancy came in at 82.6%, a 160-basis-point increase year over year, but it has now declined for four consecutive months, dropping... Read More »
60 Seconds with Swett: The State of the Healthcare M&A Market
I attended the McDermott Will & Schulte Healthcare Private Equity Conference in Miami Beach last week, and the buzz mostly centered around increased investment in outpatient care, AI in healthcare and a persistent bid-ask spread that has kept healthcare M&A relatively steady, and down when comparing it to the seniors housing and care market. Still, there is no shortage of dry powder targeting deals across the healthcare spectrum. And buyers are having to get a little creative on deal structures, options outside of traditional M&A and ancillary sectors that they previously may not have considered. The trip was good timing, because next week on Thursday March 19th, I’ll be... Read More »Schedule a demo
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