• Sabra’s Q4 Deals Push 2025 New Investments to $450 Million

    Sabra Health Care REIT released its fourth quarter results. On a year-over-year basis, same-store cash NOI increased 12.6% for the fourth quarter of 2025, while the 2025 quarterly year-over-year average increase was 15.0%, inclusive of the stabilized facilities formerly operated by Holiday Retirement.  Its Q4 acquisitions brought the... Read More »
  • CareTrust Closes 2025 with 169 New Property Investments

    CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in... Read More »
  • Separate Sellers Divest in Florida

    Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders,... Read More »
  • Idaho IL/AL Community Receives HUD Financing

    Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan... Read More »
  • Welltower Releases Strong Results, Again

    Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%.  In the fourth quarter, the REIT saw 400 basis points of average occupancy... Read More »
Benchmark Senior Living and National Development Expand Partnership

Benchmark Senior Living and National Development Expand Partnership

A national developer/investor engaged Blueprint to sell a high performing, Class-A community owned in their legacy debt fund vehicle. The asset sits in White River Junction, Vermont, and was developed in 2019 by local citizens Brooke Ciradelli and Byron Hathorn. They partnered with LCS to operate the building, The Village at White River Junction, which offers 80 assisted living and memory care units.  In the community’s earlier days of operation, Columbia Pacific Advisors had provided a $29 million refinancing loan to the project to address cash-flow and lease-up problems. The developers failed to pay their debt, resulting in foreclosure and a transition of... Read More »
2025 Seniors Housing and Care M&A Activity Smashes Multiple Records

2025 Seniors Housing and Care M&A Activity Smashes Multiple Records

Seniors housing and care M&A activity in 2025 smashed the previous annual record of publicly disclosed transaction volume set in 2024, based on new acquisition data from LevinPro LTC. There were 871 publicly disclosed transactions in 2025, surpassing the previous record of 721 deals set in 2024 by 20.8%.   The number of publicly announced seniors housing and care acquisitions in the fourth quarter of 2025 rose to 285 deals, a new quarterly record. This total represents a 34.4% increase from the previous quarterly record of 212 deals set in Q3:25. It is also a 47.7% increase from Q4:24’s total of 193 transactions.   In addition, the $15.19... Read More »
National Bank Provides Acquisition Term Financing

National Bank Provides Acquisition Term Financing

BMO’s Healthcare Real Estate Finance group acted as sole lender on an acquisition term financing for Belmont Village Aliso Viejo, a trophy 156-unit assisted living/memory care community in Aliso Viejo, California. The community is owned by Harrison Street Asset Management and Belmont Village Senior Living. Belmont Senior Living operates the community, and developed it. It originally opened its doors in 2019. Aron Will and John Sweeny of CBRE handled the sale. Will and Matthew Kuronen arranged the four-year, floating-rate acquisition loan with a full term of interest only. Read More »

PE Group Enters Oklahoma after Medicaid Rate Bump

A skilled nursing facility in Oklahoma that recently benefited from the state’s Medicaid rate bump sold to a national private equity firm looking to enter the state. Built in 1967, Maplewood Care Center features 180 beds on over three acres in Tulsa. It is located close to several large hospitals and healthcare campuses, but occupancy was sitting at 60%. However, after the state increased Medicaid funding, effective July 1, 2024, the facility saw its rate go from $233.03 to $250.78 per resident day. That increase plus sustained occupancy growth significantly strengthened the facility’s financial performance in the last 18 months. Looking at the financials for the facility in the first... Read More »

Community Purchased through HUD Assumption

Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds, and there was a roughly 50% Medicaid census. The asset was struggling financially, and the previous owner had not made debt payments for months. It was purchased via a HUD assumption by an experienced operator who had already taken over management and begun an operational turnaround.  Read More »

The Zett Group Rounds Out Q4

The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by a partnership including Pacific Northwest senior care veterans Jim Clay, Paul Redhead and the late Gene Hand. Nightingale Living, managed the community, which had recently received a new roof, new siding and a cosmetic refresh. There were a handful of interested parties, but a regional owner/operator, Ohana Ventures, emerged as the strongest... Read More »