Greystone Provides Bridge Loan for Affordable Seniors Community
Greystone provided a $40 million bridge loan to acquire and rehab a seniors housing community in The Bronx, New York. The financing was originated by Senior Managing Director Eric Rosenstock and Executive Vice President Jeff Englund on behalf of a joint venture between Scott Jaffee of Metropolitan Realty Group and Leo Friedman of Citadel Care Centers. Built in 1969, Kittay House comprises 295 affordable seniors units with social, recreational, and educational programs on-site as well as meals, housekeeping and easy access to healthcare and supportive services. Greystone’s interest-only non-recourse bridge loan carries a 24-month term with two six-month extension options. Read More »
Seniors Housing and Care M&A Activity Inches Up in Q2:25 but Lags Behind Q2:24
The number of publicly announced seniors housing and care acquisitions in the second quarter of 2025 totaled 181 deals, based on new acquisition data from LevinPro LTC. This represents a 1.1% increase from the 179 transactions disclosed in the first quarter of 2025, but a 3.2% decrease from the 187 deals in Q2:24. Additionally, the $5.68 billion spent on Q2:25 transactions fell by 2.7% from the $5.84 billion spent on Q1:25 transactions, and rose by 134.7% from the $2.42 billion spent in the year-ago first quarter, based on disclosed prices. Stripping foreign transactions from the totals of publicly announced transactions, the second quarter of 2025 saw 133 U.S. deals, or 532 on an... Read More »
Local Investor Partnership Divests to Ensign in Texas
Daniel Morris of Plains Commercial Real Estate arranged the off-market sale of a 124-bed skilled nursing facility in Duncanville, Texas, that was owned by a partnership of local investors. The building was leased to a national operator, which has managed the facility since its construction in 2009. The asset sold six weeks after execution of the purchase and sale agreement, with a long-term lease in place with the current operator. The Texas Broker of Record was DuWest Management Services, Inc. The Ensign Group announced that it acquired the real estate of Duncanville Healthcare and Rehabilitation Center through a subsidiary of Standard Bearer Healthcare REIT. This facility also... Read More »
Leo Brown Group Divests Class-A Community in Cincinnati MSA
Berkadia sold a 146-unit seniors housing community in the Cincinnati, Ohio MSA, on behalf of the seller, Indianapolis-based Leo Brown Group, which originally built the community. Built in 2021 with 52 independent living, 64 assisted living and 30 memory care units, it was 95% occupied as of June 30, 2025, with the memory care portion fully occupied. A longtime owner of seniors housing communities bought the property on July 1, for an undisclosed price. Traditions Management will stay on as the operator. Read More »
Regional Portfolio Changes Hands
Blueprint announced two closings, with one in the Southeast and one in Pennsylvania. First, not-for-profit Ballad Health divested its senior care portfolio that was geographically concentrated in Eastern Tennessee and Southwest Virginia. The portfolio included four assets with regional concentration along the border of Tennessee and Virginia, including three skilled nursing facilities and one assisted living community, totaling 402 licensed beds. The portfolio presented an attractive opportunity for a regional-based owner/operator to achieve immediate scale with operational upside, while capitalizing on the strong referral relationships through the seller’s broader acute care health... Read More »Schedule a demo
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