by Steph Mallozzi | Aug 19, 2025 3:37 pm | Statistics
PACS Group (which operates 314 communities across 17 states), Truist Bank, and PACS’ lenders entered into forbearance agreements on Wednesday, August 13. This is the fifth change to the agreements. Deficiencies in financial reporting across multiple periods resulted... Read More »
by Steph Mallozzi | Aug 19, 2025 3:36 pm | Acquisitions
Principal Asset Management (Principal Financial Group’s investment management division) and IRA Capital announced the acquisition of American Groves, a Class-A seniors housing community in Gilbert, Arizona, for $44.5 million, or $500,000 per unit. The sale was... Read More »
by Steph Mallozzi | Aug 19, 2025 3:35 pm | Acquisitions
JLL Securities and JLL Capital Markets arranged $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation’s acquisition of three well-performing seniors housing communities in Oregon (2) and Montana. JLL secured a low spread... Read More »
by Steph Mallozzi | Aug 19, 2025 3:33 pm | Acquisitions
Andrew Montgomery and Jeremy Warren of Montgomery Intermediary Group stayed active throughout the summer, beginning with a couple of closings in the Midwest. In addition to those closings, the team facilitated the sale of a skilled nursing facility in a smaller... Read More »
by Steph Mallozzi | Aug 19, 2025 3:32 pm | Acquisitions
Connor Doherty and Ryan Kelly of Blueprint facilitated the sale of a skilled nursing facility in Ohio on behalf of a group of investors from around the area looking to exit the business. The asset featured a phased physical plant with modernized components and was... Read More »