Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
CareTrust Closes 2025 with 169 New Property Investments
CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in initial investments at a blended stabilized yield of 8.8%. CareTrust also divested 12 properties in the quarter, for proceeds of $75 million. The Q4 acquisitions brought the REIT’s 2025 new investments to 169 properties and $1.76 billion, at a blended stabilized yield of 8.6%. That includes $40.3 million of investments in its new SHOP strategy and... Read More »
Separate Sellers Divest in Florida
Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers handled the sale. Next, Berkadia represented Providence One Partners in its sale of a 128-unit assisted living/memory care community in the Orlando, Florida MSA. The buyer was a seniors housing owner, and Providence One Partners will continue to operate the community. Brooks Minford and Cody Tremper closed... Read More »
Welltower Releases Strong Results, Again
Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%. In the fourth quarter, the REIT saw 400 basis points of average occupancy growth, year over year, and same-store revenue growth of 9.6%. Similar to Ventas, year-over-year same-community NOI jumped by 15%, driven by same-store NOI growth in its seniors housing operating portfolio of 20.4%. This was its 13th consecutive quarter of same-store NOI growth above 20%. The company completed $13.9 billion of pro rata gross... Read More »
Omega Healthcare Investors Acquires Performing AL/MC Asset
Omega Healthcare Investors announced that it acquired a seniors housing community in Alabama for $10.3 million, or $128,750 per unit. The community appears to be Proveer at Grande View, which has been rebranded as The Ridge at Grandeview. Blueprint was engaged by the seller in its divestment of this community. Built in 1999, The Ridge at Grandeview features 80 units of assisted living and memory care in Birmingham, Alabama. The community was fully repositioned through a $5.0 million renovation, with the asset effectively presenting and operating as new construction. At the time of marketing, occupancy was trending upward and NOI margins were approaching 20%, providing investors with... Read More »Schedule a demo
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