Articles written by Ben Swett:

Blueprint’s Good Samaritan Sale

The Evangelical Lutheran Good Samaritan Society, a not-for-profit owner/operator, sold three of its skilled nursing campuses in northwest Illinois, near the Iowa border. Totaling 214 skilled nursing beds and 65 independent living/senior apartment units, the portfolio was well maintained and boasted good local reputations. The buyer will look to manage expenses and boost operational synergies […]

GFH Capital Gets Financing From Greystone

Last month, Dubai-based private equity firm GFH Capital jumped into the senior living market in a big way, acquiring a group of six properties for a total purchase price over $180 million. Now, Greystone has announced that it provided a total of $115 million in Freddie Mac and Fannie Mae Shariah-compliant financing to support the acquisition. […]

Pardoll Closes Slew of Southeast Sales

Mike Pardoll of Marcus & Millichap has spent the last few months crisscrossing the Southeast, closing a number of seniors housing and skilled nursing transactions along the way. Starting in Dickson, Tennessee (Nashville MSA), he represented a private individual in selling their 70-bed skilled nursing facility to another private individual buyer. Leased by Mission Health […]

NorthMarq Hits the Mark

A seniors housing property in Mount Vernon, New York just refinanced with the help of Robert Ranieri, senior vice president and managing director at NorthMarq. Located on a 34-acre campus, the community features 31 units, including both one- and two-bedroom step-free townhomes. Each unit comes with a full kitchen and bathroom, in-home washer and dryer, […]

Milwaukee-Based Operator Buys Struggling Wisconsin Community

After being placed into receivership when its not-for-profit owner failed to make its bond payments, a senior living campus in Racine, Wisconsin just sold to a regional owner/operator with the help of Jason Punzel and Ryan Saul of Senior Living Investment Brokerage. Featuring 74 units of independent living (with limited services) and 40 units of […]

CBRE Finances Silverstone/Crescent Acquisition

A joint venture between Silverstone Senior Living and Crescent Real Estate LLC turned to Aron Will, Austin Sacco and Tim Root of CBRE to arrange financing for its acquisition of a 120-unit assisted living/memory care community in Palm Beach Gardens, Florida. Opened in 2017, the property was developed by both an affiliate of Silverstone and […]

Earnings Announcements Feature Major M&A Moves

The mid-summer M&A doldrums abruptly ended this year with the earnings announcements from the publicly traded REITs. They started with Welltower, which announced its $1.8 billion Benchmark Senior Living portfolio sale (for 48 properties) and several major portfolio acquisitions with existing partners Sunrise Senior Living and Discovery Senior Living and new partners Balfour Senior Living […]