• LTC Properties Buys into SHOP Growth

    LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net... Read More »
  • Portland IL/AL Community Finds New Purpose in Multi-Family

    Calaroga Terrace has traded hands, from a national owner/operator to a regional developer. The community sits is north of the Oregon Convention Center, in downtown Portland, Oregon. Built in 1968 and renovated in 2016, the 15-story high rise is situated on just under one acre and features 181 independent living and 84 assisted living units. The... Read More »
  • New England SNFs Struggling to Breakeven Sell

    Blueprint represented a private equity investor in its divestment of a 302-bed skilled nursing portfolio in New England. The facilities had challenged occupancies, however, they generated approximately $27 million in revenue. Inflated operating costs took its toll on EBITDAR, with the asset struggling to breakeven. Dubbed Project Red Coats, the... Read More »
  • Assisted Living Portfolio Secures Refinance

    Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Steve Muth, Garrett Sacco, Austin Sacco and Alec Rosenfeld arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior... Read More »
  • Lument Rolls Out Seniors Housing Investment Sales Platform

    Alex Florea and Kevin Lukehart have joined the Lument team as managing director and director, respectively. This expands Lument’s real estate investment sales platform into seniors housing. Florea will lead the team, working closely with John Sebree, head of real estate investment sales, and Aaron Becker, head of seniors housing and healthcare... Read More »
Morgan Stanley and Foundry Commercial Exit Spring Arbor Portfolio

Morgan Stanley and Foundry Commercial Exit Spring Arbor Portfolio

Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, and Foundry Commercial have completed their exit from the Spring Arbor Senior Living portfolio through the sale of the remaining 11 assets. The seniors housing communities, located in Maryland and Virginia, comprise 795 assisted living and memory care units and were more than 90% occupied in recent years. The buyer, an undisclosed S&P 500 company that is focused on seniors housing, paid $296 million, or $372,300 per unit. JLL Capital Markets handled the sale.  In 2022, Morgan Stanley and Foundry Commercial acquired the Spring Arbor portfolio from HHHunt through an off-market... Read More »
Investor Enters Seniors Housing Sector Through Recapitalization

Investor Enters Seniors Housing Sector Through Recapitalization

Amy Sitzman and Giancarlo Riso of Blueprint handled the recapitalization of Countryside of Wichita Falls, a 50-unit assisted living community in Wichita Falls, Texas. The asset offered value-add potential through renovations, rebranding and a planned memory care addition. As occupancy began to improve, Blueprint launched a marketing process, which generated multiple strong offers in late 2025.  Ownership ultimately chose a recapitalization, bringing in a new entrant to the seniors housing sector as an equity partner. Immediately following closing, the new venture began converting units to memory care and implemented physical and operational updates. Read More »
Public REIT Divests to National Provider

Public REIT Divests to National Provider

A publicly traded REIT recently completed the wind down of its relationship with an outgoing operator through its sale of a seniors housing community in Wisconsin. Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint handled the deal, targeting local, regional and national investors. A growing national provider was selected as the ultimate buyer. Built in the 1960s and located in West Allis just outside of Milwaukee, the 166-unit assisted living and memory care community was facing some operational challenges. Read More »
Multiple Buyers Acquire Skilled Nursing Beds

Multiple Buyers Acquire Skilled Nursing Beds

Under Ohio’s certificate of need regulations, skilled nursing beds can be transferred from counties deemed over-bedded to those experiencing a shortage. Taking advantage of this window, 12 separate sellers, motivated by downsizing, closures or strategic repositioning, transferred their beds with the help of Senwell Senior Investment Advisors. Ben Bohland and Collin Hempfling aggregated more than 280 beds, facilitating their transfer to multiple buyers looking to expand or develop facilities in under-bedded counties. Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released

The 31st Edition of The Senior Care Acquisition Report has been published and is available to LevinPro LTC andLTC News subscribers now! With M&A at record levels and more buyers and sellers evaluating transactions today, we know how important having timely, accurate and relevant pricing data is in making their investment decisions. That is why we worked hard to get this Report out earlier in the year than ever before, and it was compiled with the largest proprietary dataset we have ever put together, including hundreds of confidential prices, cap rates and operating metrics. Thank you to all of our industry friends who helped us in that effort, because the large sample size allowed us... Read More »
Artemis Real Estate Purchases Jacksonville Class-A Community

Artemis Real Estate Purchases Jacksonville Class-A Community

Artemis Real Estate Partners expanded its portfolio through the acquisition of Grand Living at Tamaya, a Class-A seniors housing community in Jacksonville, Florida. The seller, Ryan Companies US, developed the asset in 2019 with Grand Living. The community features 137 independent and assisted living units, and 34 memory care units. It sits on 6.14 acres with 192,088 square feet and four stories.  Grand Living at Tamaya is the only non-CCRC in the Mayo Clinic/Beaches submarket that offers IL, AL and MC services. It also offers a 90-day option for those wanting to spend winter months in Florida. After the last couple of months in the Northeast, who wouldn’t? Grand Living will... Read More »