• Strawberry Fields REIT Announces SNF Acquisition

    Strawberry Fields REIT acquired a skilled nursing facility with 100 beds near Oklahoma City, Oklahoma, utilizing cash from its balance sheet. The facility is leased to an existing third-party operator that entered into a master lease for this facility, as well as for another facility that Strawberry Fields acquired in December 2024 (a skilled... Read More »
  • Family Office Acquires Two Communities

    Berkadia was engaged by a national owner/operator in its divestment of two seniors housing communities on Florida’s east coast. The communities are in Port St. Lucie and Port Orange with 171 assisted living and memory care units. The buyer was a central Florida-based family office. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled... Read More »
  • Kentucky SNF Sees Active Bidding Environment

    Kyle Hallion and Ben Firestone of Blueprint were engaged to sell a 54-bed skilled nursing facility located 45 minutes northwest of the Lexington, Kentucky MSA, and successfully closed the deal on May 1, approximately 30 days prior to contractual closing. The facility offered a track record of strong occupancy with clear revenue upside via CMI... Read More »
  • ESI Closes Record-Setting SNF Sale in North Carolina

    A skilled nursing sale in North Carolina set a new pricing record in the state, with Evans Senior Investments handling the deal. ESI was engaged by an independent owner/operator to divest Smithfield Manor, a 160-bed skilled nursing facility in Smithfield, North Carolina (about 25 miles southeast of Raleigh). At the time of marketing, the... Read More »
  • Growth-Oriented Buyer Acquires AL/MC Portfolio in Competitive Market

    Blueprint handled the divestment of an assisted living and memory care portfolio dubbed Project Viking. The portfolio includes multiple well-located communities of newer vintage in Minnesota. Connor Doherty and Ryan Kelly handled the transaction.  The opportunity presented the ability to acquire substantial scale in a state known for its... Read More »
Three Separate Deals Close in Wisconsin

Three Separate Deals Close in Wisconsin

Bob Richards of Senior Care Realty recently closed three separate seniors housing transactions in Wisconsin. First, Richards facilitated the sale of a community in southern Wisconsin on behalf of a seller who had owned the community for more than 25 years and was moving towards retirement. The stand-alone memory care community is on the smaller side with occupancy typically hovering above 90%. It briefly dipped below 90% at closing but the buyer remained confident in a rebound, which has since occurred following the acquisition. Multiple operators placed bids, with the ultimate buyer being a newer owner/operator that was looking to expand its portfolio. The community, which traded at a... 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 »