• Not-For-Profit Secures Refinancing

    Ziegler announced the closing of a large bond financing on behalf of Sequoia Living, a California not-for-profit public benefit corporation that serves seniors throughout Northern California. Sequoia, originally known as Northern California Presbyterian Homes, and its related entities own four CCRCs and three affordable housing communities. The... Read More »
  • Former Petersen Property Finds New Owner

    A former Petersen Healthcare seniors housing community sold in Girard, Illinois, thanks to Ryan Saul of Senior Living Investment Brokerage. Built in 2002 and featuring 48 units of independent living and assisted living, the community was 72% occupied but losing more than $100,000 a year on $1.2 million of revenues. The lender had taken control of... Read More »
  • Cash-Flowing AL Community Trades Hands in Wisconsin

    Connor Doherty and Ryan Kelly of Blueprint advised on the sale of a 92-unit assisted living community located just outside of Milwaukee, Wisconsin. The community’s positive cash flow, well maintained physical plant and established referral base, plus some operational upside, made it an attractive prospect for investors.  We believe the asset... Read More »
  • Investor Grows Through Seven-Property Portfolio Purchase

    A large portfolio of senior care facilities traded in Ohio and Kentucky, commanding a strong price, we believe, in the process. Connor Doherty and Ryan Kelly of Blueprint advised on the sale of the 983-bed, seven-property portfolio, which features mostly skilled nursing beds and some assisted living units. At the time of sale, the portfolio was... Read More »
  • Another Solid Quarter For Ventas

    On the heels of Welltower’s blockbuster second quarter earnings report, Ventas turned in another solid performance as well. Same-community, SHOP occupancy jumped by 240 basis points year over year to 87.6%, NOI margin increased by 130 basis points to 28.4%, cash NOI increased 13.3% and RevPOR was up by 5.3%. The U.S. portfolio had a 290-basis... Read More »
60 Seconds with Swett: Welltower Continues To Climb

60 Seconds with Swett: Welltower Continues To Climb

The Welltower juggernaut just keeps on rolling, as another great earnings report sent shares up by more than 4.7% from their previous close to a new record high of $165.87 as of this filming. Its market cap pushed well beyond $100 billion, solidifying the REIT’s position as our industry’s first $100 billion dollar company. The board of directors may have also surprised a few by declaring a cash dividend for the second quarter of $0.74 per share, or a 10.4% increase from the prior quarter. The REIT is still sitting on approximately $9.5 billion of available liquidity too, including $4.5 billion of available cash and restricted cash plus full capacity under its $5 billion line of credit. So... Read More »
60 Seconds with Steve Monroe: What Do People Really Think?

60 Seconds with Steve Monroe: What Do People Really Think?

In our Second Quarter 2025 investment webinar, moderator Ben Swett asked our audience of a few hundred what they thought about several important topics. Overwhelmingly, 82% of the attendees indicated they would rather buy than build in today’s market, which was surprising given two facts. One, the current inventory is aging and showing it, and two, with very little new development, when the new ones do open, they will have a commanding market presence and should be in high demand. On the labor front, 48% of the attendees thought scarcity of labor would be the most pressing issue moving forward, with 24% believing it will be the cost of labor. It was admitted, however, that scarcity will... Read More »
60 Seconds with Steve Monroe: What Do People Really Think?

60 Seconds with Steve Monroe: Brookdale Senior Living, What’s Next?

So, the big vote occurred last week, and shareholders of Brookdale Senior Living have spoken. We are sure that the recent increases in occupancy convinced some shareholders to stick with management and its “plan.” But the nominees from activist shareholder Ortelius Advisors were not off-the-wall candidates. It was an excellent group, and despite what Brookdale stated, again and again, they would have provided a new perspective and a lot of expertise. The current and temporary CEO could have learned from several of them, specifically Steven Vick, Steven Insoft and Lori Whitman. Oh well, a lost opportunity for many of the shareholders. Not to mention other members of the management team, the... Read More »
60 Seconds with Swett: The Great Debates of Senior Care

60 Seconds with Swett: The Great Debates of Senior Care

Next week for our Second Quarter Investor Call, sponsored by Ziegler, we’ll be trying something different that is sure to be both entertaining and useful for our audience of operators, investors, brokers, lenders and everyone else. We’ll be tackling The Great Debates of Senior Care, covering some of the most important issues facing the industry. Like will we see a shortage of seniors housing units by 2030, or will consumer preferences and affordability limit future demand? Are cap rates currently too low and aren’t covering operating risk appropriately? Should you build or buy right now? What has been the most transformational new technology in seniors housing operations? And others. There... Read More »
60 Seconds with Swett: Welltower Continues To Climb

60 Seconds with Swett: M&A Activity Tops 350 Deals in H1:25

In the second quarter of 2025, there were 176 publicly announced transactions, a preliminary number that is almost certain to increase in the weeks ahead. That brings our total for the first half of the year to 355 deals, or 710 on an annualized basis. Considering we finished 2024 with 716 total deals, which was a record by far, we are in a good place for deal activity. After a slow May with 47 deals, we wondered if we would even have a chance of breaking 700 transactions for the year. But June bounced back with 64 deals, including some large portfolio deals. Looking at the second quarter, however, trouble may be brewing. Breaking out U.S. M&A activity, 2024 finished with 593 deals in... Read More »
60 Seconds with Swett: Welltower Continues To Climb

60 Seconds with Swett: The Fight between Brookdale and Ortelius

It has been a bit amusing to see both Brookdale Senior Living and Ortelius Advisors claim victory with Institutional Shareholder Services’ report on the upcoming July 11th stockholders vote on the new slate of directors for the Board. For Ortelius, ISS recommended voting for Steven Vick and Lori Wittman, two of the six nominees that Ortelius put forth in March, while also acknowledging the benefit of Ortelius’s efforts on initiating needed change at Brookdale. Meanwhile, Brookdale rejoiced at ISS effectively recommending that shareholders’ not hand control of the Board to Ortelius by only supporting two of the six nominees and pointing out Ortelius’s lack of details in the turnaround plan... Read More »