• Berkadia Announces Array of Closings

    Berkadia is riding a transaction hot streak, closing 19 property sales in the last 45 days. The activity included a portfolio featuring five assisted living/memory care communities across Utah, Wisconsin and Minnesota sold to Jaybird Capital, an affiliate of Jaybird Senior Living, through HUD assumptions. Jaybird assumed management of the... Read More »
  • Tremper Capital Group Closes Several Financings

    Tremper Capital Group showed off its variety with a series of financings closed for clients across the country. They included a construction loan, an acquisition loan, a bank refinance and a portfolio financing. First, the team closed non-recourse construction financing for an assisted living/memory care community in the Dallas-Fort Worth area.... Read More »
  • Upstate New York SNF Trades Between Not-for-Profits

    Joe Knapp of the Knapp-Stahler Group at Marcus & Millichap handled the sale of a skilled nursing facility in upstate New York. The Center For Nursing And Rehab in Hoosick Falls, New York, comprises 82 beds in a single-story building that sits on four acres. It was built in 1954, but renovated in 1979 and 1995.  Apparently, the facility... Read More »
  • Acquisition Financing Closed for Distressed California Community

    Private debt fund and direct commercial real estate lender Wilshire Finance Partners closed an $8.15 million first lien bridge loan for the acquisition and repositioning of a distressed seniors housing community in California. The financing included reserves specifically allocated for capital improvements and operational support during the... Read More »
  • Developer and Operator Secure Construction Financing

    Another new development will soon be underway, with BLDG Real Estate and The Fellowship Family securing financing for a $100 million full-continuum community, Fellowship Wildlight. BLDG Real Estate is a real estate development firm that specializes in design, development and asset execution across multiple product types. The Fellowship Family is... Read More »
60 Seconds with Swett: The State of the Healthcare M&A Market

60 Seconds with Swett: The State of the Healthcare M&A Market

I attended the McDermott Will & Schulte Healthcare Private Equity Conference in Miami Beach last week, and the buzz mostly centered around increased investment in outpatient care, AI in healthcare and a persistent bid-ask spread that has kept healthcare M&A relatively steady, and down when comparing it to the seniors housing and care market. Still, there is no shortage of dry powder targeting deals across the healthcare spectrum. And buyers are having to get a little creative on deal structures, options outside of traditional M&A and ancillary sectors that they previously may not have considered.  The trip was good timing, because next week on Thursday March 19th, I’ll be... Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

The 31st Edition of The Senior Care Acquisition Report has been published and is available to LevinPro LTC andLTC News subscribers now! With M&A at record levels and more buyers and sellers evaluating transactions today, we know how important having timely, accurate and relevant pricing data is in making their investment decisions. That is why we worked hard to get this Report out earlier in the year than ever before, and it was compiled with the largest proprietary dataset we have ever put together, including hundreds of confidential prices, cap rates and operating metrics. Thank you to all of our industry friends who helped us in that effort, because the large sample size allowed us... Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

60 Seconds with Swett: Values Soar Across All Sectors

We have been hard at work collecting and enriching our 2025 M&A data, and many listeners can attest to receiving a number of calls and emails from me over the last couple of months, and the result was the most deals we have ever compiled in any year, as well as the most property financials and cap rates. So a big thank you to all of our industry friends who helped in this effort.  Prices soared in all sectors, and set a couple of records. The average price per unit for assisted living properties reached $268,600, more than $20,000 higher than the previous record set in 2019. The independent living sector also hit new heights, with an average price per unit of $263,600. Average... Read More »
60 Seconds with Swett: The State of the Healthcare M&A Market

60 Seconds with Swett: Annual M&A Activity Shatters Records

We may sound like a broken record, but the M&A market keeps setting records and reaching new heights in the seniors housing and care industry. And it is smashing the previous records. In 2025, LevinPro LTC recorded 871 publicly announced transactions, which broke the previous annual record set in 2024 by 21%. Not only that, 2024’s total had beaten the previous annual record by 28.5%. So we have been on a proverbial rocket ship in the last two years. Much of the activity has centered around the seniors housing market, as despite intense buyer demand for skilled nursing facilities, there has been a relative dearth of facilities available for sale. Seniors housing deals, meanwhile, have... Read More »
60 Seconds with Steve Monroe: You’ve Got To Be Kidding

60 Seconds with Steve Monroe: You’ve Got To Be Kidding

Sadly, we are not kidding. President Trump has shown his true colors, and his true loyalty to the almighty dollar, with yet another pardon of one of the bad boys of senior care. But this bad boy is the worst of the group. We are referring to the just announced pardon of criminal Joseph Schwartz, the former owner of Skyline Health. Several months ago, after his last senior care pardon, we ended a story with, who’s next, Joseph Schwartz? We were kidding, but not laughing now. Not only did he commit a nearly $40 million fraud against us, the taxpayers, but he also put the well-being of several thousand patients in his nursing homes in jeopardy as he sucked as much cash out of them as he could... Read More »
60 Seconds with Steve Monroe: You’ve Got To Be Kidding

60 Seconds with Steve Monroe: Record M&A Year, Again

You may start to get tired of hearing us talk about all the records being set, but we will never tire of it. As of November 11, we have passed last year’s record of total acquisitions in the seniors housing and care sector, now standing at over 720 deals, according to LevinPro LTC. And we thought last year was an amazing year! The good news is that pricing has been relatively reasonable so far, mostly because of still-high interest rates and lenders not getting too aggressive. What we don’t know is how long this will last. “Stupid” money that has appeared in previous rising markets has not yet reared its ugly head, but that will probably change. Everyone is looking for a growing market,... Read More »