• Selectis Health Divests SNFs to Journey

    In January, Selectis Health, Inc. completed the sale of two skilled nursing facilities in Georgia, including 71-bed Providence of Sparta Health & Rehab and 110-bed Warrenton Health & Rehabilitation. The assets sit less than 30 miles apart in Sparta and Warrenton, respectively. The buildings were initially constructed in the 1960s but were... Read More »
  • PE Group Divests to Regional Owner/Operator

    An East Coast-based private equity group divested two seniors housing communities in Mississippi to a regional owner/operator pursuing expansion across the state. The communities total 108 assisted living and memory care units and offer operational synergies, given their close proximity in Oxford and Southaven. The communities were purpose-built... Read More »
  • T7 Capital Closes Array of Financings

    Founded in 2025 by Ari Adlerstein and Josh Simpson, T7 Capital announced more than $320 million in recent financings closed across multiple transactions on behalf of healthcare operators and sponsors across the country. They included a combination of refinancings, acquisition loans and working capital facilities for both skilled nursing and... Read More »
  • Two Western Closings from The Zett Group

    The Zett Group closed a couple of seniors housing sales in the western United States. One deal was in the Reno, Nevada MSA, and featured a 65-unit assisted living/memory care community owned by a regional operator. The community boasted high occupancy and strong revenue, but there was room for improvement on the expense side. A local... Read More »
  • Dwight Capital Announces Q1 Activity

    Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) reported an active first quarter, closing a combined $294 million in senior care financings across a mix of HUD, bridge, and revolving line of credit (RLOC) financings, spanning 11 states. Among the featured HUD transactions was $46.9 million in... Read More »
Berkadia Arranged Two Bridge Loans

Berkadia Arranged Two Bridge Loans

Berkadia announced two financings for a total of eight senior care properties. The first transaction saw the firm close a $15.25 million bridge loan for the acquisition of seven skilled nursing facilities located throughout the Midwest. Comprised of 426 operating beds, the portfolio was acquired by a first-time client of Berkadia’s. They obtained a two-year, interest-only term, and the non-recourse loan came in at 87% loan-to-cost that included $2.52 million for capital improvements. Senior Directors Ed Williams and Bianca Andujo arranged the transaction and ultimately plan to finance the loan through HUD. The other transaction was a $5.0 million refinance of a 36-unit assisted living... Read More »
Recent Senior Care M&A Deals, Week Ending March 13, 2020

O&M Investments Acquires California Skilled Nursing Facility

Following a busy 2019 with five announced acquisitions, O&M Investments just announced its third off-market transaction of 2020. The deal included a 124-bed skilled nursing facility in Hanford, California, which was acquired at a 12% cap rate (although no purchase price was disclosed). The facility underwent a full remodel three years ago, and occupancy consistently hovered around 90% across its 91 operational beds. O&M assumed the existing lease with the operator. Read More »
Senior Living Investment Brokerage Sells Illinois Portfolio

Senior Living Investment Brokerage Sells Illinois Portfolio

It’s not always easy to get a senior care deal done in Illinois. But Patrick Byrne and Jeff Binder of Senior Living Investment Brokerage took the challenge and sold a portfolio of three skilled nursing facilities and two assisted living communities in the central and southern part of the state. Built between 1976 and 2004, with various capital improvements made in 2011, 2014 and 2016-2018, these properties are located within 100 miles of each other. The SNFs total 286 beds, while the AL buildings combined for 97 units, with an overall average occupancy of 79%. Operations at the skilled nursing facilities had been very stable in the last three years, averaging $2.8 million in annual... Read More »
Recent Senior Care M&A Deals, Week Ending March 6, 2020

Recent Senior Care M&A Deals, Week Ending March 6, 2020

Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice Small regional owner/operatorGreenfield Residences of Arlington$12.45 million Hospitality real estate ownerCitadel Estates of Hazel Crest$1.7 million Regional owner/operatorPowell Valley Assisted Living and Memory Care Community$25.5 million The Ensign GroupRidgeview Post Acute & Irondale Post AcuteN/A MO-based owner/operatorSt. Paul’s Senior Community$15.25... Read More »
JCH Announces Two Southern California Closings

JCH Announces Two Southern California Closings

Right before heading to NIC, Jim and Cindy Hazzard at JCH Senior Housing Investment Brokerage closed a couple of sales in Southern California. The pair first sold a 36-unit assisted living community in Riverside County. A family owned and operated the community for the last 20 years and decided to retire. JCH ran a confidential marketing campaign and received several competitive offers, with the seller ultimately selecting a local owner based in the market looking to grow their portfolio. In the end, the community sold for $5 million, or $140,000 per unit.  Then, the Hazzard’s arranged the sale of a small 15-unit assisted living community in Orange County on behalf of another family... Read More »