by Ben Swett | May 7, 2025 9:42 am | Financings
CIBC Bank closed a $32 million cash-out commercial mortgage refinance related to two skilled nursing facilities in Kentucky and Tennessee. Both are leased to, and operated by, a high-quality, national skilled nursing operator. The two facilities encompass 243 total... Read More »
by Ben Swett | May 2, 2025 3:42 pm | Acquisitions
Senior Living Investment Brokerage hit a rich vein of activity at the start of May, reporting several closings for seniors housing and skilled nursing assets. First, Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson facilitated the sale of a seniors... Read More »
by Ben Swett | May 2, 2025 3:38 pm | Acquisitions, Financings
Montgomery Intermediary Group continued its active 2025 with a financing and two recent M&A closings. First, Jeremy Warren worked on behalf of an owner/operator seeking to recapitalize a 210-unit assisted living community that was originally a purpose-built hotel.... Read More »
by Ben Swett | Apr 29, 2025 3:25 pm | 60 Seconds, Opinion, Statistics
Welltower came out with its first quarter earnings on Tuesday, and surprise, surprise, it was yet another great quarter, and its share price jumped 3.5% immediately upon the news. It was the tenth consecutive quarter in which same store SHOP NOI growth exceeded 20%,... Read More »
by Ben Swett | Apr 29, 2025 3:20 pm | Financings
Diversified Healthcare Trust closed a nine-figure Freddie Mac financing secured by seven seniors housing communities in five states. Totaling 1,184 units, the assets are managed by Five Star Senior Living, the operating division of AlerisLife Inc. The $109... Read More »