• Berkadia Announces Array of Closings

    by | May 15, 2026 11:41 am | Acquisitions

    Berkadia is riding a transaction hot streak, closing 19 property sales in the last 45 days. The activity included a portfolio featuring five assisted living/memory care communities across Utah, Wisconsin and Minnesota sold to Jaybird Capital, an affiliate of Jaybird Senior Living, through HUD assumptions. Jaybird assumed management of the... Read More »

  • Tremper Capital Group Closes Several Financings

    by | May 15, 2026 11:40 am | Acquisitions, Developments, Financings

    Tremper Capital Group showed off its variety with a series of financings closed for clients across the country. They included a construction loan, an acquisition loan, a bank refinance and a portfolio financing. First, the team closed non-recourse construction financing for an assisted living/memory care community in the Dallas-Fort Worth area.... Read More »

  • Upstate New York SNF Trades Between Not-for-Profits

    by | May 15, 2026 11:39 am | Acquisitions

    Joe Knapp of the Knapp-Stahler Group at Marcus & Millichap handled the sale of a skilled nursing facility in upstate New York. The Center For Nursing And Rehab in Hoosick Falls, New York, comprises 82 beds in a single-story building that sits on four acres. It was built in 1954, but renovated in 1979 and 1995.  Apparently, the facility... Read More »

  • Acquisition Financing Closed for Distressed California Community

    by | May 15, 2026 11:37 am | Acquisitions, Financings

    Private debt fund and direct commercial real estate lender Wilshire Finance Partners closed an $8.15 million first lien bridge loan for the acquisition and repositioning of a distressed seniors housing community in California. The financing included reserves specifically allocated for capital improvements and operational support during the... Read More »

  • Developer and Operator Secure Construction Financing

    by | May 15, 2026 11:36 am | Developments, Financings

    Another new development will soon be underway, with BLDG Real Estate and The Fellowship Family securing financing for a $100 million full-continuum community, Fellowship Wildlight. BLDG Real Estate is a real estate development firm that specializes in design, development and asset execution across multiple product types. The Fellowship Family is... Read More »
Local Governments Exit Senior Care Operations

Local Governments Exit Senior Care Operations

by | Feb 22, 2019 7:01 am | Acquisitions

The team at IPA Seniors Housing including Mark Myers, Josh Jandris and Ryan Fleming announced a couple of public-to-private senior care sales, something the IPA team has seen a lot of in the past several years. Both properties were previously owned by local government and attracted buyers with an eye to adding value. The first sale featured a 36-unit senior living community built by the City of Monona, Iowa in 2005 that was operating well (with occupancy consistently above 85%) but did not align with the City’s eventual consensus that they should not be in the senior living space. Before the sale, the City did invest considerably in capex, including installing new windows and exterior... Read More »
Blueprint Closes Seniors Housing Sales

Blueprint Closes Seniors Housing Sales

by | Feb 22, 2019 7:00 am | Acquisitions

Coming off an incredibly strong 2018 in M&A (particularly on the skilled nursing side), Jacob Gehl and Scott Frazier of Blueprint Healthcare Real Estate Advisors announced an assisted living sale in Northern California. The pair represented the single-asset owner/operator that was based in California but was looking to exit the industry. The 145-bed community in Lodi currently features no memory care, but the incoming owner and operator are looking to change that, in addition to implementing some substantial renovations. Atlantis Senior Living and a Northern California-based operator teamed up to acquire the community for an undisclosed price. Mr. Gehl was also involved in the sale of... Read More »
CBRE Sells (and Finances) Tucson Senior Living Community

CBRE Sells (and Finances) Tucson Senior Living Community

by | Feb 20, 2019 7:01 am | Acquisitions, Financings

Over five years on from its acquisition of a 217-unit independent/assisted living community in Tucson, Arizona, MBK Senior Living is exiting the asset with the help of Matthew Whitlock of CBRE. Originally built in 1991, the property underwent a series of multimillion-dollar renovations that included the conversion of 78 units to assisted living and the renovation of the community’s clubhouse. It now features three two-story garden-style independent and assisted living buildings and three single-story buildings that house 19 casitas surrounding a greenhouse and putting green. When MBK bought the property from The Dermot Company in 2012 for $31.9 million, or $143,000 per unit, it was 90%... Read More »
The Portopiccolo Group Picks Up Virginia SNF

The Portopiccolo Group Picks Up Virginia SNF

by | Feb 20, 2019 7:00 am | Acquisitions, Financings

Contemporary Healthcare Capital worked with skilled nursing owner The Portopiccolo Group to secure mezzanine financing for its latest SNF acquisition. The targeted facility is located in Roanoke, Virginia and features 130 beds, including a 24-bed accredited ventilator unit. To fund its purchase, Portopiccolo obtained a senior loan from United Community Bank (that included a participation sold to Millennium Bank) and a $2.0 million mezzanine loan from Contemporary Healthcare Capital. About $1 million in loan proceeds will also be used for future renovations and upgrades made to the facility. Read More »
CareTrust REIT Continues Growth Strategy with Covenant Care

CareTrust REIT Continues Growth Strategy with Covenant Care

by | Feb 15, 2019 7:03 am | Acquisitions

While many REITs have been net sellers in the last couple of years, especially in the skilled nursing market, CareTrust REIT has been quite the opposite, growing its portfolio to nearly 200 healthcare properties by the start of 2019. In its latest deal, the REIT announced a large sale/leaseback acquisition in the state of California. Involving four skilled nursing facilities and 503 beds, this portfolio has been owned and operated by Covenant Care. CareTrust already had a relationship with Covenant, having previously acquired two other skilled nursing and assisted living assets from a private landlord in 2016 and leased them back to the California-based operator under three separate... Read More »