Out-of-State Owner Divests to Investor
A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the state. Evans Senior Investments handled the sale, representing the out-of-state seller in the deal. Read More »CFG Hit the Ground Running in Q1
Capital Funding Group wasted no time in the first quarter, closing $428.9 million in total financing. The transactions spanned skilled nursing, assisted living, independent living, memory care, behavioral health, multifamily and commercial lending on behalf of nationally recognized borrowers. Some highlighted transactions include: ● A $17.6 million acquisition bridge loan for the financing of a 120-bed skilled nursing facility in Nevada, for an existing client. Patrick McGovern and Ryan Hunsicker originated the deal. ● A $9.0 million HUD loan for the refinancing of a 70-bed skilled nursing facility in Montclair, New Jersey. Tommy Dillon originated the deal. ● $42.9 million in financing for... Read More »
High-Priced Sale Closes in Chicago
The bar keeps getting raised for pricing in the seniors housing industry, and we believe a new record has been set for a property sale in Chicago, Illinois. It was revealed that the seven-story Belmont Village Lincoln Park was bought by CBRE Investment Management for approximately $151 million, according to property tax records. Based on a lower unit count than the original 149 units that were developed, after some unit combinations over the years, that equates to around $1.2 million per unit, or possibly even higher than that. In addition to its prime location adjacent to a mixed-use development in the Lincoln Park neighborhood, the community was relatively new (built in 2019), and... Read More »
Developer Sells Its AL/MC Community to a Public REIT
Affiliates of Triple Crown Senior Living divested Bridgepointe Gardens, a seniors housing community in Jeffersonville, Indiana, that the company developed, owned and operated. This was the first ground-up development and full-cycle realization the group has completed. The Class-A purpose-built assisted living/memory care community was built in 2022 and demonstrated a compelling lease-up and margin expansion story. Kyle Hallion, Connor Doherty and Ryan Kelly of Blueprint launched the marketing process in the third quarter of 2025, generating multiple offers within the initial 30-day marketing window. The seller ultimately selected a public REIT as the buyer, based on its pricing and a... Read More »
Senior Living Portfolio Trades in Colorado
Ownership of a well-performing senior living portfolio in Colorado recently transferred. Bonaventure Senior Living, a Pacific Northwest senior living provider, sold four of its communities to Oakmont Senior Living, a California-based operator with a growing national footprint. Bonventure decided to divest in order to concentrate its operational resources and capital on the Pacific Northwest. The company’s portfolio now encompasses 24 communities, all of which are located across Washington, Oregon, and Idaho. Terms of the transaction were not disclosed. Read More »Schedule a demo
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