• Berkadia Secures Large Portfolio Refinance

    Berkadia closed $627.2 million in agency financing for Project Raven. Project Raven is a 35-asset seniors housing portfolio with 4,395 independent living, assisted living and memory care units. The portfolio spans 15 states. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld handled the financing on behalf of an institutional borrower.... Read More »
  • What Does Brookdale’s Proxy Fight Cost?

    It seems that hardly a day goes by without yet another SEC filing by Brookdale Senior Living detailing why its slate of Board candidates is far better for shareholders than the slate submitted by activist investor Ortelius Advisors. But how much are they spending on this? It would be nice to know, and we are sure shareholders would rather have... Read More »
  • Do We Hear $30 Per Hour as the New Minimum Wage?

    We know we have the People’s Republic of California, and after New York’s Democratic Party primary, we may have the People’s Republic of New York City by November. The surprise winner of the primary was 33-year-old Zohran Mamdani. He is a self-professed Socialist, and more. In addition to free bussing, freezes on apartment rents, higher taxes on... Read More »
  • BMO and TCG Refinance Florida CCRC

    BMO’s Healthcare Real Estate Finance group acted as sole lender on a real estate term loan refinancing for La Posada, a Class-A, 333-unit CCRC in Palm Beach Gardens, Florida. Originally opened in 2014 and with a major renovation and addition completed in 2018, the campus offers independent living (245 units), assisted living (30 units), memory... Read More »
  • The Lenders Roundtable: A Capital Markets Update

    On Thursday, June 26th, Managing Editor of The SeniorCare Investor Ben Swett sat down with a group of expert panelists to dive into the evolving financing process of M&A deals. Panelists included Dave Boitano, EVP & CIO of LTC Properties, Cary Tremper, President & CEO of Tremper Capital Group, and Patrick Gilbreath, Sr. Relationship... Read More »
New Perspective Adds Five Minnesota Locations

New Perspective Adds Five Minnesota Locations

Minnetonka, Minnesota-based New Perspective Senior Living added five communities to its portfolio in the first half of 2025, significantly expanding its presence in the state. Each community is located in a suburb of Minneapolis/St. Paul, including in White Bear Lake, Oakdale, Golden Valley, Rosedale and Minnetonka. They all provide assisted living and memory care services. Two of the locations (White Bear Lake and Oakdale) were formerly under The Waters Senior Living brand, while the remaining three were previously Sunrise Senior Living properties.  The additions bring New Perspectives’ portfolio to 45 communities across Minnesota, North Dakota, Wisconsin, Illinois, Indiana, Ohio,... Read More »
Ziegler Completes Christian Horizons Sale

Ziegler Completes Christian Horizons Sale

The bankruptcy sale of Midwest Christian Villages (dba Christian Horizons) has finally come to a close with the sale of the final two seniors housing assets in the portfolio. The majority of the company’s other assets closed in multiple transactions earlier this year. Congratulations to Nick Glaisner and Ryan Anders of Ziegler for seeing the whole deal over the finish line.  Christian Horizons, one of the nation’s largest not-for-profit, faith-based organizations delivering skilled nursing, assisted and supportive living, independent living, and pharmacy services to seniors in Illinois, Iowa, Indiana and Missouri, filed voluntary petitions for reorganization under Chapter 11 of the U.S.... Read More »
PE Firm Acquires and Secures Financing for Class-A, Miami Community

PE Firm Acquires and Secures Financing for Class-A, Miami Community

A Class-A seniors housing community recently sold in Miami, Florida. Built in 2023, The Oasis at Coral Reef is in Miami, Florida, with 102 independent living, 71 assisted living and 28 memory care units with floor plans ranging from studio to two-bedroom residences. Located adjacent to Jackson South Community Hospital, the community features high-end amenities, including a fitness room, a restaurant-style dining room with chef-prepared meals, a beach club, recreational program rooms, weekly housekeeping, multiple pools, among many others. The community opened at various stages throughout 2023, as state licenses were issued. Thus, it was in the early stages of lease-up, with occupancy... Read More »
Georgia Seniors Housing Community Finds New Purpose

Georgia Seniors Housing Community Finds New Purpose

Andrew Sfreddo, Gunnar Raney, Shane Harmon and Colin Segner of Blueprint facilitated the sale of a seniors housing community in Roswell, Georgia, on behalf of a private real estate investor. The seller was seeking a buyer that would repurpose the community into behavioral health. Within 14 days of launch, Blueprint secured a signed LOI with a leading Southeast-based provider of mental health and substance use disorder treatment services. Closing occurring 75 days later. The provider intends to repurpose the community into a residential behavioral health facility with 80 beds.  Blueprint and the incoming owner/operator shared a mutual relationship with a land-use attorney who helped... Read More »
Separate Buyers Complete Skilled Nursing Acquisitions

Separate Buyers Complete Skilled Nursing Acquisitions

Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties handled two separate off-market skilled nursing transactions. First, they sold a 120-bed facility in a southeast state that was 85% occupied at closing. It was acquired by a regional operator that was expanding into the area. Next, Vegh and Schiff represented a seller that was divesting a facility in Suffolk County, New York. Built in the 1970s, the facility was well-occupied and cash flowing at the time of sale, with occupancy over 90% at closing. The established buyer has facilities in the surrounding area and was looking to expand. Read More »
Minneapolis-Based Investor Acquires in Wisconsin

Minneapolis-Based Investor Acquires in Wisconsin

Bob Richards and Chad Wegner of Senior Care Realty facilitated the sale of a two-property seniors housing portfolio in Madison, Wisconsin, on behalf of a Dane County-based seller. The portfolio included two newer-vintage assisted living/memory care communities, comprising 66 units and 72 beds, operating under an all-private-pay model.  At the time of sale, the communities were not performing, with occupancy levels on the lower end. However, the new Minneapolis-based investor and local management team are well positioned to drive occupancy and profitability. The purchase price was $9 million, or $136,000 per unit, with financing secured through a conventional lender. Read More »