• Berkadia Announces 2025 Activity and Latest Deal

    Berkadia recorded another successful year, with more than $2 billion in mortgage banking closings for the second consecutive year. In 2025, Berkadia’s financings were spread across 123 properties including active adult, independent living, assisted living, memory care and skilled nursing communities. Multiple lending sources were utilized, such... Read More »
  • Bank Closes Refinance and Acquisition Financing

    Coastal States Bank announced that it recently closed $9 million in financing to refinance a 60-unit purpose-built memory care community near Centerville, Ohio, and to acquire a 53-unit memory care community in Creve Coeur, Missouri. Following the closing, the sponsor’s affiliated management company, Kauhale Healthcare Management, began managing... Read More »
  • SLIB Sells Ohio Assisted Living Portfolio

    Jeff Binder and Ryan Saul of Senior Living Investment Brokerage sold a portfolio of three seniors housing communities in Ohio. Built between 1987 and 2009, the three buildings consist of 314 total units. They were in receivership. Working on behalf of the out-of-state owner, which has other seniors housing communities throughout Ohio, SLIB... Read More »
  • AHR’s New Interim CEO

    American Healthcare REIT, Inc.’s Chief Executive Officer and President, Danny Prosky, has taken a medical leave of absence, effective February 3, 2026, due to a recent medical event. So, the Company’s Board of Directors appointed Jeffrey T. Hanson, the Chairman of the company’s Board, to serve as Interim CEO and President, effective... Read More »
  • NHI Acquires Nine Communities

    National Health Investors made a large SHOP purchase, adding nine communities consisting of 460 total units across Kentucky, South Carolina and Tennessee. The properties will be managed by Allegro Living Management, an affiliate of Spring Arbor Management. NHI has an existing relationship with Spring Arbor totaling approximately $227 million in... Read More »
Incumbent Operator Secures Two Acquisition Financings

Incumbent Operator Secures Two Acquisition Financings

Jay Healy and Director Andrew Lanzaro of Berkadia utilized the company’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth-based skilled nursing owner/operator. The intent is to close the two subsequent HUD 232/223(f) refinancings in the second half of 2026. The loans facilitated the acquisition of three Texas skilled nursing facilities that the sponsor previously operated under a triple-net lease. The sponsor acquired the leased-fee interests below fee simple value, supported by the equity created through successful operations and the recent Medicaid rate increases in Texas. The first transaction was a $31.4 million bridge loan for the acquisition of two... Read More »
MONTICELLOAM’s 2025 Activity

MONTICELLOAM’s 2025 Activity

MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working capital for 16 skilled nursing facilities in Virginia. The sponsor owns/operates more than 200 SNFs across the country, and used the $455.5 million bridge financing to refinance existing debt on the Virginia assets. In addition, MONTICELLOAM arranged a $15.0 million working capital line of credit for the borrower to manage the daily operational... Read More »
Triple Crown Expands Its Footprint

Triple Crown Expands Its Footprint

Triple Crown Senior Living had a banner year in 2025, growing to 17 communities and entering a fifth state through acquisition. The Louisville, Kentucky-based operator also grew through third-party management agreements and new development, and it will take its three-way growth strategy into 2026. Triple Crown ended 2025 with the acquisition of three seniors housing communities in Pearland, Port Lavaca and Kingwood, Texas, all in the Houston MSA. It intends to grow a regional portfolio in the Lone Star State and is creating a Texas-based operations team. The acquisitions were profiled in LevinPro LTC, including Kingwood and Pearland/Port Lavaca. In addition, Triple... Read More »
Brookdale Posts Preliminary 2025 Results

Brookdale Posts Preliminary 2025 Results

Brookdale Senior Living released its preliminary full-year 2025 results, and it was a mixed bag of good and bad news. The company also introduced its full-year 2026 guidance, signaling continued momentum. Investors ran with the positives, with the stock jumping roughly 11.5% from the January 28th closing price to an intraday January 29th peak of $14.63 per share.  Despite significant lease transitions and asset dispositions, revenue grew to $3.2 billion, $100 million higher than in 2024. Adjusted EBITDA came in at $458 million, a 19% increase from the prior year and slightly above the guidance midpoint of $455 million to $460 million. And full-year 2026 guidance for Adjusted... Read More »
CBRE’s Active 2025 and Q1:26 Projections

CBRE’s Active 2025 and Q1:26 Projections

CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The investment sales team is projecting around $1.79 billion in closings in the first quarter of 2026 alone, which would surpass last year’s full-year total by 55.7%. That is some real momentum. Read More »
CBRE’s Active 2025 and Q1:26 Projections

CBRE’s Active 2025 and Q1:26 Projections

CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The investment sales team is projecting around $1.79 billion in closings in the first quarter of 2026 alone, which would surpass last year’s full-year total by 55.7%. That is some real momentum. Read More »