• SLIB’s Active Start to May 

    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 housing community in Grants Pass, Oregon. Built in the 1960s, Oak Lane Retirement... Read More »
  • Final Asset Closes in SNF Portfolio Acquired by Ensign

    The Ensign Group acquired the real estate and operations of Marianwood Health and Rehabilitation, a 117-bed skilled nursing facility in Issaquah, Washington. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and will be operated by an Ensign-affiliated tenant. The... Read More »
  • Joint Venture Secures Financing for Two Standalone-Memory Care Communities

    BWE, together with Blueprint Capital Markets, closed two loans totaling $17.82 million to provide financing for the acquisition of two Class-A memory care communities: Windsong at Southridge ($10.42 million) and Windsong at Eola Hills ($7.4 million). Lundat Kassa of BWE handled the financing, having been brought onto the deal by the team at... Read More »
  • Montgomery Intermediary Group Announces M&A and Financing Activity

    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. The goal was to generate cash for ownership and to finance cosmetic renovations... Read More »
  • Live Oak Closes Bridge-to-Sale Loan

    In April 2025, Live Oak Bank closed a $25 million bridge loan for a Harbert Seniors Housing Fund I, LP-held seniors housing community. The loan provides a bridge-to-sale and features a three-year initial term, 36 months of interest-only payments and $2.8 million in potential future earnout proceeds. Loan proceeds were used to return capital to... Read More »
SLIB’s Active Start to May 

SLIB’s Active Start to May 

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 housing community in Grants Pass, Oregon. Built in the 1960s, Oak Lane Retirement features 20 independent living, 44 assisted living and 16 memory care units.  The community was leased to the buyer, a regional owner/operator continuing to expand its presence in the state, about two years ago with an option to purchase, which was executed on April 30. The lease gave the buyer time to improve operations prior to closing and... Read More »
Final Asset Closes in SNF Portfolio Acquired by Ensign

Final Asset Closes in SNF Portfolio Acquired by Ensign

The Ensign Group acquired the real estate and operations of Marianwood Health and Rehabilitation, a 117-bed skilled nursing facility in Issaquah, Washington. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and will be operated by an Ensign-affiliated tenant. The acquisition was effective May 1, 2025, and was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December. The other seven assets included in the portfolio (which have already closed) are in Alaska, Washington, Oregon and California. The Anchorage, Alaska, facilities include Providence... Read More »
Joint Venture Secures Financing for Two Standalone-Memory Care Communities

Joint Venture Secures Financing for Two Standalone-Memory Care Communities

BWE, together with Blueprint Capital Markets, closed two loans totaling $17.82 million to provide financing for the acquisition of two Class-A memory care communities: Windsong at Southridge ($10.42 million) and Windsong at Eola Hills ($7.4 million). Lundat Kassa of BWE handled the financing, having been brought onto the deal by the team at Blueprint, led by Senior Managing Director, Kristen Ahrens. Both acquisition bridge loans, which have five-year terms, 72% loan-to-cost and no-prepayment penalties, are non-recourse with fixed and competitive rates. BWE will provide permanent financing for the properties through HUD, a process that has already begun for Windsong at Southridge, which... Read More »
Montgomery Intermediary Group Announces M&A and Financing Activity

Montgomery Intermediary Group Announces M&A and Financing Activity

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. The goal was to generate cash for ownership and to finance cosmetic renovations to enhance the property’s appeal. The owner had previously approached a few lenders but was unsuccessful in securing favorable financing terms. That’s when they engaged MIG to lead a debt arrangement process. The effort resulted in multiple term sheets, with the most competitive offer coming from a regional credit union actively looking to... Read More »
Welltower Acquires Large SNF Portfolio

Welltower Acquires Large SNF Portfolio

In its first quarter earnings release, Welltower revealed that it acquired a portfolio comprising 48 skilled nursing facilities for nearly $1 billion. The price consisted of $750.83 million of cash consideration and $240.01 million of common stock consideration, totaling $990.84 million. In connection with the closing, the acquired properties were leased to Aspire Healthcare under a long-term, triple-net master lease. The portfolio currently has enough cash flow to cover one year’s rent, and the facilities had an average occupancy in the mid-60% at the time of closing. The deal previously fell through, allowing Welltower to negotiate a significant price reduction “to the tune of a couple... Read More »
Atlas Senior Living Grows in Alabama

Atlas Senior Living Grows in Alabama

Birmingham-based operator Atlas Senior Living is increasing its scale in northern Alabama, having acquired Thrive at Jones Farm in Huntsville. Atlas also operates The Goldton at Athens, Monark Grove Madison, and Madison at The Range, with Goldton being its luxury brand. The Huntsville location will be renamed The Goldton at Jones Farms.  Built in 2017 by a joint venture between Harrison Street, local investors and Thrive Senior Living, the community has 93 units of assisted living and memory care. As part of the transition to Atlas, the community will be implementing new technology through partnerships with Alexa and Speak2. Speak2 empowers seniors to use simple voice commands to make... Read More »