Assisted Living/Memory Care Portfolio Secures Bond Financing
D.A. Davidson closed $120.04 million in Senior Living Revenue bonds, Series 2026A-1, Series 2026A-2 and subordinated bonds forKingsPath Target Housing of Minnesota, LLC. The bonds financed the acquisition and refinancing of seven assisted living/memory care communities with 224 units in the Minneapolis-St. Paul, Minnesota, MSA. The acquired properties will continue to be managed by Suite Living Senior Care, a regional operator with more than 23 communities in its management portfolio. The acquisition and financing is an initial step toward an alignment between Kingspath Senior Ministries, Suite Living Senior Care and Coventry Holdings of Minnesota. Kingspath is looking to expand its... Read More »
Another Record Year on the Horizon
The bar keeps rising, and the industry continues to clear it, with a third consecutive annual record for publicly announced senior care M&A activity appearing well within reach. Through the first five months of the year, the industry has averaged 81 publicly announced deals per month. Annualized, that pace would result in just under 1,000 transactions. Aside from January, every month this year has topped 80 publicly announced transactions. The 80-deal threshold was first surpassed in 2025, when the final three months of the year each exceeded that mark. While January fell short, it still came in with a strong 73 deals. By comparison, the first five months of 2025 averaged 61... Read More »
Northstar Senior Living and Alta Senior Living Merge
In the mad dash for growth in the seniors housing sector, a lack of new development and an abundance of buyers crowding certain corners of the M&A market has led some owner/operators to seek acquisitions or mergers of whole management companies. It can certainly be a viable alternative that allows one to grow without a massive capital commitment and to benefit from the operational gains across the sector. The principals of one operating company were looking to reduce their ownership stakes in the business while also hoping to realize some of the real potential for growth across their communities. So, Northstar Senior Living, a California-based national senior living operator,... Read More »
In-Place Operator Acquires Senior Care Campus
CBRE National Senior Housing’s Debt and Structured Finance team arranged acquisition financing for a senior care campus on behalf of Wingate Living and its affiliates. Wingate Living is a Newton, Massachusetts-based senior living developer/owner/operator with a focus on New England. Aron Will and Michael Cregan arranged the financing, securing a $36.5 million floating rate loan through a debt fund. The campus comprises Wingate at Silver Lake with 164 skilled nursing beds, The Inn at Silver Lake with 63 assisted living and memory care units, and The Residences at Silver Lake with 34 independent living and assisted living units. It is in Kingston, Massachusetts, in the Boston MSA. Wingate... Read More »
Joint Venture Takes on Stabilization Project
Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint closed a deal on behalf of an institutional seller that was looking to divest its assisted living/memory care community. The purpose-built asset was constructed in 2000 by a national developer and comprises 52 units. It sits in West Bloomfield, Michigan, which is Michael Segal’s hometown and close to Blueprint’s Michigan office. We are sure he put that local knowledge to use in the deal. The competitive marketing process generated interest from a range of regional owner/operators drawn to the upside potential through occupancy growth and rate adjustments. A local partnership with proven experience stabilizing senior living... Read More »
Large SNF Portfolio Secures Acquisition Financing
Marking another milestone for MONTICELLOAM in a banner first quarter, the firm funded $435 million in bridge and working capital financing for a skilled nursing portfolio that encompasses 14 facilities in Maryland. Of the total, $400 million supported the acquisition of the 1,890 beds. The sponsor group is a returning client that owns/operates more than 115 skilled nursing and assisted living assets with more than 15,000 beds across the Eastern United States and Sunbelt. Read More »
Joint Venture Secures Acquisition Financing
A joint venture between Winterpast Capital Partners, Vitality Senior Living Management and Virtus Real Estate Capital acquired an assisted living/memory care community, securing bridge financing through Coastal States Bank. The financing includes reserves to support the joint venture’s ongoing repositioning of the community and was structured with competitive terms. The 97-unit asset is in the Preston Hollow neighborhood of Dallas, Texas, and was previously acquired in December 2023 by a joint venture. According to LevinPro LTC, that joint venture was between Winterpast, Vitality and Marcus Investments. At the time, it was known as Crystal Creek at Preston Hollow and comprised 119 assisted... Read More »
Bridge-to-HUD Refinance Provided for Undisclosed Borrower
Greystone provided a $35 million bridge-to-HUD refinance for a 102-unit high-quality assisted living portfolio in Southern California. The financing was originated by Christopher Clare, with David Young, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher assisting in the transaction. The interest-only bridge financing refinanced existing debt on the portfolio and provided significant cash out to the borrower, while creating a path toward permanent FHA/HUD-insured financing through Greystone’s integrated bridge and HUD lending platform. Read More »
60 Seconds with Swett: The Problem with CMS Interpretive Guidelines
Just a day after we highlighted the potential downsides of overregulation of assisted living from the federal level, a case of regulatory overreach involving a nursing home just headed to the U.S. Court of Appeals for the Fourth District in hopes of overturning a $1.8 million civil monetary penalty. Without getting into the minutiae too much, the story originated in 2016, when a spilled cup of coffee that resulted in a “dime-sized” burn on a SNF resident in Virginia led to a surveyor alleging a violation at the “immediate jeopardy” level based on the allegation that, “The facility staff failed to ensure safe coffee temperatures.” Mind you, the survey occurred seven months after the... Read More »
Kayne Anderson Fund Tops Target
The familiar refrain continues, with more capital continuing to flow into the seniors housing industry, property prices should keep rising. Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., has closed the largest opportunistic equity fund in its history, at more than 70% above its initial target, and it will target high-quality assets across seniors housing, medical offices and student housing. In 2024, Kayne Anderson launched Kayne Anderson Real Estate Partners Fund VII with an initial target of $3 billion in capital commitments. The first round closed with $1.53 billion in capital commitments, and the second round in 2025... Read More »Schedule a demo
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