by Steph Mallozzi | Sep 4, 2025 4:32 pm | Acquisitions
AlerisLife is in the process of winding down its business. The company had struggled for years as a publicly traded company (previously known as Five Star Senior Living) with chronic operational and governance issues, posting repeated net losses, negative EBITDA, low... Read More »
by Steph Mallozzi | Sep 4, 2025 4:28 pm | Acquisitions, Developments
DMK Development Group has had a busy summer with two divestments and several developments. After divesting a four-asset seniors housing portfolio in Kentucky to American Healthcare REIT for $65.3 million, or $206,600 per unit, in July, DMK sold a 167-unit seniors... Read More »
by Steph Mallozzi | Sep 4, 2025 4:23 pm | Financings
Within the past 45 days, Managing Director Jay Healy and Director Andrew Lanzaro of Berkadia Seniors Housing & Healthcare have closed 13 loans totaling $178 million in proceeds. Included in the total were nine HUD 232/223(f) loans for $102 million, plus another... Read More »
by Steph Mallozzi | Sep 4, 2025 4:20 pm | Financings
MidCap Financial closed an $18.7 million first mortgage loan. The four-year, floating-rate loan refinanced the existing indebtedness on a seniors housing community in a coastal Southeastern market. The sponsor is an experienced Southeastern-based real estate... Read More »
by Steph Mallozzi | Sep 4, 2025 4:18 pm | Financings
Helios Healthcare Advisors arranged a $10.71 million HUD refinance for a 76-unit assisted living and memory care portfolio located in San Antonio, Texas. The communities historically performed at stabilized levels. Before completing the HUD refinance, Helios arranged... Read More »