Dwight Capital’s March Activity
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed more than $364 million in real estate financing in March. Featured among the transactions were a bridge loan for Silverwoods in New Jersey, a bridge loan for a three-property skilled nursing portfolio in Rhode Island and a HUD 223(f) refinance for Skyview Heights in Washington State. First, DMT closed a $50 million bridge loan for the acquisition of Silverwoods, a seniors housing community with 313 units in Toms River, New Jersey. The property comprises 46 one-story buildings and includes seven studios, 41 one-bedroom units and 265 two-bedroom units across 55 acres. Loan proceeds were used to finance the acquisition, fund... Read More »
Ohio Senior Care Portfolio Sells to Ohio-Based Operator
Connor Doherty and Ryan Kelly of Blueprint facilitated the sale of Project United, a strategically clustered portfolio comprising five skilled nursing facilities and two assisted living communities in the greater Cleveland, Ohio area. The portfolio has a unique ownership structure with operational complexities, so Blueprint worked closely with all stakeholders to navigate court proceedings and licensure approvals. Blueprint targeted a select group of well-capitalized investors and regional operators positioned for growth in Ohio’s senior care market, highlighting the opportunity to acquire a sizable and integrated post-acute care platform. The result was four competitive offers from... Read More »
Private Equity Firm Expands Seniors Housing Presence
Jason Punzel, Patrick Burke and Jeff Binder of Senior Living Investment Brokerage were engaged by a West Coast-based private equity firm divesting a seniors housing community in Stevens Point, Wisconsin, as part of a strategic rightsizing of its portfolio. The community features 56 independent living, 75 assisted living and 16 memory care units across eight acres with approximately 108,000 square feet. It was well operated and stabilized at the time of sale with an 89% occupancy rate and a 32% operating margin. The buyer, a Midwest-based private equity firm with a strong background in multifamily investments, is expanding its presence in the seniors housing sector. It intends to invest... Read More »
Montgomery Starts Q2 with Two Closings
Andrew Montgomery of Montgomery Intermediary Group closed another two transactions, continuing an active 2025 for the firm. First, Montgomery took on the sale of a 120-bed skilled nursing facility in southern Illinois. Built in 1990, the property was well maintained and located in a growing market, but after years of stewardship, the previous owner decided it was time to move on. Montgomery sourced the buyer, a large group teamed with a growing local sponsor. All parties worked swiftly to meet a tight April 1 deadline, with the LOI signed barely over two months before closing. Montgomery next sold a 130+ bed skilled nursing facility in the St. Louis, Missouri area. Featuring a four-star... Read More »
Greystone Provides Bridge Financing
Greystone provided $40.5 million in bridge financing to Kalesta Healthcare Group for the acquisition and refinance of two skilled nursing facilities with 219 beds in Menlo Park and Los Banos, California. The interest-only, non-recourse bridge loan carries a 24-month term with two six-month extension options, enabling Kalesta to complete the acquisition and fund capital improvements while Greystone works to secure permanent HUD financing later this year. The financing was originated by Christopher Clare and David Young. Ben Rubin, Ryan Harkins, Peter Nielson and Liam Gallagher assisted on this transaction. Grant Goodman of G Capital served as Kalesta’s capital advisor on the... Read More »Schedule a demo
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