Regional Buyer Acquires Community Adjacent to Its SNF
Senior Living Investment Brokerage’s Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham recently sold a 42-unit assisted living community in Cashmere, Washington, near Wenatchee in the central part of the state. Epledalen Assisted Living was built in 1999 and was fully occupied, but its local owner/operator wished to exit the industry. So, a regional owner/operator looking to expand its Washington footprint stepped in to acquire the community for an undisclosed price. The buyer owns the skilled nursing facility that is adjacent to the community, so the acquisition should provide some operational synergies. Read More »
National Healthcare Properties and Discovery Buy Large Portfolio
In an off-market deal, National Healthcare Properties acquired a portfolio of 13 seniors housing communities in eight states through a joint venture with Discovery Senior Living. The new SHOP assets total 592 units of assisted living and will be placed under a RIDEA structure with Discovery, which has been managing and will continue to manage the portfolio. The price was $64 million, or $108,100 per unit. In addition, NHP gained a right of first refusal and purchase option on an additional 13 senior living communities with approximately 500 assisted living units currently managed by Discovery. The transaction is expected to close in the second quarter of 2026, subject to closing conditions... Read More »
Debtor Sells SNF at Auction
Blueprint was engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to sell the real estate of a skilled nursing facility outside of Yakima, Washington. Arcadia Medical Resort of Parkside was built in 1972 and is licensed for 88 beds, providing long-term care, rehabilitation and therapy services. It is set in a predominantly residential area and was the only licensed facility in the town of Union Gap. At the time of initial marketing, the facility had relatively low census and star ratings, but it maintained positive cash flow, due in part to its contractual Medicaid reimbursement rate which exceeded $400 per day. Blueprint first procured a stalking... Read More »
Dwight Capital Buys HUD Mortgage Servicing Rights Portfolio
Dwight Capital acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, which includes loans secured by skilled nursing facilities, assisted living communities and hospitals. The portfolio totals over $500 million in unpaid principal balance from 69 loans across 22 states. Now, following the acquisition, the loan servicing portfolio of Dwight Capital and its affiliates will exceed $15 billion. Dwight has strategically focused on expanding its servicing footprint and strengthening long-term relationships as both a principal lender and servicer, and a third-party servicer. The transaction also underscores Dwight’s commitment to continued growth within the... Read More »
Acquisition Financing Secured for Skilled Nursing Portfolio
Capital Funding Group closed a bridge financing for the acquisition of four skilled nursing facilities, featuring a total of 487 beds, across Colorado, Alabama and Arizona. The portfolio sold for $51.2 million, or $105,100 per bed, to an operator looking to expand its portfolio. CFG intends to bring the loan to HUD for a permanent refinance. CFG Managing Director and Co-Head of Healthcare Business Development Andrew Jones and Senior Associate Ava Julio originated the transaction for the company. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
