Public REIT Sells Value-Add Community to Joint Venture
Kandu Capital, a family office specializing in real estate and healthcare, and its operating company, Bloom Senior Living, acquired an assisted living/memory care community in Ohio after strategically divesting a number of skilled nursing, behavioral health and seniors housing assets at healthy valuations. Those dispositions were initially acquired for approximately $29 million and sold for a combined $138 million, or up to $225,000 per bed/unit. Kandu also reinvested capital last year into new seniors housing assets in Indiana at less than $30,000 per unit. It has found another value-add deal, acquiring the 64-unit Bickford of Rocky River in Rocky River, Ohio (Cleveland MSA), for around... Read More »
Not-for-Profit Divests Its CCRC Portfolio to Another Not-for-Profit
A portfolio of CCRCs in South-Central Pennsylvania changed hands from one faith-based not-for-profit organization to another, with Toby Siefert and Dave Balow of Senior Living Investment Brokerage handling the process. The pair represented the seller, SpiriTrust Lutheran, an 80-year-old operator based in York, Pennsylvania, in the sale of six locations across York, Adams and Franklin counties. In total, there are 553 independent living units, 261 personal care units and 244 skilled nursing beds and more than 1.2 million building square feet. Operations could be improved, with occupancy at 82% at the time of marketing in summer 2025 but a substantial operating loss on more than $53 million... Read More »
AL/MC Community Trending Towards Stabilization Sells
Blueprint’s suite of services was on display in the sale and financing of an assisted living/memory care community in Fredericksburg, Texas. Built in 2018, The Villages of Windcrest was performing well at the time of marketing, and was trending towards stabilization. Newer, performing properties are getting the most interest in the M&A market these days, and following a competitive process, ownership ultimately selected a buyer that partnered with a new operator looking to grow its footprint in Texas. There were some challenges to bring the deal to closing, including fluctuating occupancy during diligence, but the deal successfully closed. In addition to leading the disposition,... Read More »
Montgomery Intermediary Group Brings on New Advisor
Continuing its momentum in 2026, Montgomery Intermediary Group (MIG) announced that it hired Colin Thomas, CFA as an investment sales advisor. In this role, Thomas will lead seniors housing and skilled nursing transactions across Texas, Oklahoma, Arkansas and Louisiana, expanding MIG’s coverage and capabilities in these markets. Thomas’s experience bridges institutional finance and front-line operations. Most recently, he held executive operating roles in post-acute care, where he led enterprise-wide transformation initiatives, financial restructuring efforts, and a full-platform transition involving more than 2,000 patients and over 200 employees across home health, hospice and... Read More »
PACS Group Expands in Alaska
PACS Group has acquired its fourth building in the state of Alaska. At the beginning of the year, it was announced that the company acquired three seniors housing communities in the state from a seniors housing owner/operator that was represented by Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage (more on that deal can be found here on LevinPro LTC). SLIB also handled the sale of the fourth building. Independently operated subsidiaries of PACS Group have now acquired the operations of Ridgeway Senior Living, an assisted living community in Anchorage, Alaska, that was built in 2019 and has 92 beds. As part of the transaction, PACS acquired... Read More »
Sabra Health Care REIT Picks Up the Transaction Pace
Sabra Health Care REIT is ramping up its senior care M&A activity and its SHOP exposure, set to exceed the $450 million in investments it spent in 2025. The REIT completed several transactions during the first quarter, with investments closed year to date totaling $206.1 million, with an estimated initial cash yield of 8.0%. The pipeline includes an additional $200 million of managed seniors housing and skilled nursing investments awarded to Sabra with an estimated initial cash yield of approximately 8.2%, most of which is expected to close during the second quarter. In the first quarter of this year, Sabra acquired three managed seniors housing communities and one skilled nursing... Read More »
Clarion Partners Continues Growing
Clarion Partners is continuing on its acquisition streak, adding Legacy House of Avondale to its portfolio. The 169-unit Class-A assisted living/memory care community is in the Phoenix, Arizona MSA, with a strong operational footing. Clarion Partners further expanded its relationship with MorningStar Senior Living through the deal, partnering with the operator to manage the community. Clarion plans to focus on rate optimization and expense efficiencies to further enhance performance. Earlier in April, Clarion also announced the purchase of Golden Ridge in Peoria, Arizona, partnering with MorningStar on that deal too. Amy Sitzman, Ryan Chase and Jake Rice of Blueprint handled the sale,... Read More »
Blueprint Handles Virginia Deal
A publicly traded company engaged Blueprint to sell a value-add independent living community in a growing submarket of Richmond, Virginia. Built in 1987, the 122-unit community could benefit from investments in the physical plant. It was also not stabilized. A competitive market generated multiple bids in multiple rounds and improved pricing for the asset, although the price was not disclosed. Regional operators, national seniors housing platforms and private equity-backed groups showed interest, but the seller put significant weight on execution certainty. So, an experienced seniors housing investor with a history of closing transactions on time and on terms was awarded the... Read More »
Public REIT Acquires Full-Continuum Communities
A pair of full-continuum seniors housing communities that sit approximately 10 miles apart traded in Northwest Arkansas. Village on the Park Bentonville in Bentonville and Village on the Park Rogers in Rogers offer a total of 208 independent living, assisted living and memory care units. Each community also offers contiguous land for further expansion opportunities. The assets have a history of strong occupancy and performance. Cody Tremper, Dave Fasano, Ross Sanders and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale on behalf of a joint venture between Harrison Street Asset Management and Bridgewood Property Company, a Houston-based senior living... Read More »
VIUM Capital Leads HUD LEAN Mid-Year Rankings
HUD’s fiscal year 2026 hit the halfway point on March 31, and so far VIUM Capital is leading the way in closed 232 loans and by total loan volume with 41 transactions and $598.0 million in volume, respectively. That represents 22% of the program’s closed loans in the first half of the fiscal year and 19% of the total volume. And 32 of VIUM’s HUD closings, or 78%, took out VIUM bridge debt. In second place was Greystone with 23 closed loans and $445 million of volume. Dwight Capital closed 17 loans, good for third place, and $304 million in volume, for fourth place. KeyBank and Capital Funding Group tied with 16 closed loans each and closed $344 million and $232 million in volume,... Read More »Schedule a demo
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