Tenant Acquires California Property
JCH Senior Housing Investment Brokerage announced the sale of a 77-unit assisted living/memory care community in the High Desert region of California. This property was originally structured as a five-year lease with a purchase option. But just 15 months into the lease term, JCH closed an $8.5 million, or $110,400 per unit, sale. The property’s single-asset owner was retiring, and the incoming owner is an experienced regional operator. During the lease period, the tenant/buyer expanded bed capacity, enhancing the future revenue and NOI opportunity. That is what led them to exercise the purchase option well ahead of schedule. Cindy Hazzard and Jennifer Contreras served as the lead... Read More »Greystone Divests Supportive Living Facility
Evans Senior Investments announced the sale of Foxes Grove Supportive Living, a 105-bed supportive living facility in Wood River, Illinois. The buyer was the existing tenant, a regional owner/operator. ESI originally structured the purchase agreement for a 13-property portfolio, including this asset. It appears as though Greystone was the seller. According to LevinPro LTC, Greystone acquired the 1,662-bed portfolio in 2020. The deal included 12 skilled nursing facilities and this supportive living community, with 12 assets in Illinois and one in Missouri. More details on that transaction, which marked Greystone’s entrance into both states, can be seen here on LevinPro LTC. Read More »
60 Seconds with Swett: Annual M&A Activity Shatters Records
We may sound like a broken record, but the M&A market keeps setting records and reaching new heights in the seniors housing and care industry. And it is smashing the previous records. In 2025, LevinPro LTC recorded 871 publicly announced transactions, which broke the previous annual record set in 2024 by 21%. Not only that, 2024’s total had beaten the previous annual record by 28.5%. So we have been on a proverbial rocket ship in the last two years. Much of the activity has centered around the seniors housing market, as despite intense buyer demand for skilled nursing facilities, there has been a relative dearth of facilities available for sale. Seniors housing deals, meanwhile, have... Read More »
Sonida Finances CNL Merger
Sonida Senior Living announced that it has secured $900 million of committed permanent debt financing, inclusive of a $350 million accordion feature that provides for total potential capacity of up to $1.25 billion, to support the previously announced definitive merger agreement with CNL Healthcare Properties. The financing replaces the existing 364-day $900 million bridge facility provided by RBC Capital Markets and BMO Capital Markets, refinances CHP’s corporate credit facilities, and supersedes Sonida’s existing revolving credit facility at transaction close. Sonida entered into a new and upsized $375 million four-year secured revolving... Read More »
CareTrust Acquires High-Priced SNFs
CareTrust REIT kicked off 2026 with the acquisition of six skilled nursing facilities in the Mid-Atlantic with 532 total beds. The assets are operated by a tenant new to CareTrust under a long-term triple net lease with annual inflation-based rent escalators and multiple renewal options. The purchase price was $142 million including transaction costs, or $266,900 per bed, and was funded using cash on hand. The portfolio is expected to generate a 9% stabilized yield. That is quite a high valuation for SNFs, but we imagine they were located in strong reimbursement states, and the buyer demand for facilities is very high. In 2025, CareTrust closed $1.8 billion of investments, entered the... Read More »Schedule a demo
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