West Coast and Northeast Skilled Nursing Facilities Sell
Walker & Dunlop’s Gideon Orion has announced several recent skilled nursing sales on the West Coast and the Northeast. First, he teamed up with Tony Cassie to sell a 69-bed skilled nursing facility in Bellevue, Washington, on behalf of a family office seller. The facility could use some operational improvements. An undisclosed buyer paid $12.5 million, or $181,200 per bed. Next, Orion sold a 99-bed skilled nursing facility in Northern California, in another value-add transaction. He represented an owner/operator, which sold the facility for $11.4 million, or $115,200 per bed. Also, in California, Orion arranged a land sale featuring 2.2 acres in Reseda to Meta Housing for $9.35... Read More »
Investor Acquires Community Out of Receivership
Fortress Investment Group acquired an assisted living/memory care community in Palm Coast, Florida, in a court-approved sale process. Built in 2018 just a mile from the Atlantic Ocean, the community features 130 units on an 11.4-acre site. There are 86 assisted living units and 22 memory care units, along with 22 “enhanced” assisted living units. Tuscan Gardens of Palm Coast, LLC was placed in receivership as of June 2023 after its owner, Tuscan Gardens Senior Living Communities, Inc. (run by CEO Larry Pino, Esq.), failed to establish an approximately $1.55 million reserve fund, as formally requested by the master trustee (U.S. Bank Trust Company, National Association) in February... Read More »
Seniors Housing Deals Close Across Several Markets
Coming off of a successful 2025 with 32 separate transaction closings totaling more than $900 million in volume, the Walker & Dunlop investment sales team is off to a strong start in 2026 with a number of seniors housing and healthcare real estate transactions closed in the first quarter, so far. The deals spanned several markets, and the entire seniors housing spectrum, and include transactions in Michigan, Massachusetts, Louisiana and Wisconsin, as well as a two-property transaction in Ohio. Plus, the team provided advisory services on a skilled nursing transaction in the St. Louis MSA. The deals all included value-add, private client-owned communities. The buyers were also primarily... Read More »
Selectis Health Divests Two SNFs to Journey
Selectis Health is selling two skilled nursing facilities in Georgia to the skilled nursing operator Journey. The deal included the 101-bed Glen Eagle Healthcare in Abbeville and the 100-bed Rehab and Eastman Healthcare and Rehab in Eastman. Journey-affiliated entities will purchase the pair for $15.7 million, or $78,100 per bed, subject to customary prorations and adjustments. Selectis also signed an operations transfer agreement with Journey-affiliated entities to transition management of the two facilities. Read More »
Sonida Closes CNL Acquisition, Reports Q4 Results
On the same day as fourth quarter and year-end 2025 financial results were announced, Sonida Senior Living closed on its previously announced acquisition of CNL Healthcare Properties (CNL). The transaction value was approximately $1.8 billion and included a combination of cash (32%) and stock (68%). Because Sonida’s share price had risen above the upper collar price since the transaction was announced, Sonida issued about seven million fewer shares to the CNL shareholders than was originally anticipated. For existing Sonida owners, this was great since it cut the dilution. Some industry observers were not happy with the deal, believing that Sonida paid a hefty price. One counter to that... Read More »Schedule a demo
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