National REIT Divests to Cougar Capital Management
Haven Senior Investments facilitated a transaction between a national REIT and a real estate development firm based in Boston, Massachusetts. The seller, Summit Healthcare REIT, divested a seniors housing community in Littleton, New Hampshire, The Village at Riverglen. Built in 2002, The Village at Riverglen features 60 beds across 50 independent living and assisted living units, and will be rebranded as Riverglen House. The buyer, Cougar Capital Management, paid $8 million, or $160,000 per unit, and will bring on Willow Ridge Senior Living to manage the community going forward. According to LevinPro LTC, Summit Healthcare acquired the community in 2015 for $8.5 million, or $170,000 per... Read More »
MedCore Divests to Publicly Traded Healthcare REIT
Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12 Oaks Senior Living brought it to the final stages of lease-up before MedCore bought the property in February 2020 and brought on Integral Senior Living to operate. Since then, Parkview on Hollybrook has stabilized and is now being sold to a publicly traded healthcare REIT. Eric Johnson and Dalton Esmond of Ziegler led the transaction. Read More »
Greystone Provides Bridge Loan for Affordable Seniors Community
Greystone provided a $40 million bridge loan to acquire and rehab a seniors housing community in The Bronx, New York. The financing was originated by Senior Managing Director Eric Rosenstock and Executive Vice President Jeff Englund on behalf of a joint venture between Scott Jaffee of Metropolitan Realty Group and Leo Friedman of Citadel Care Centers. Built in 1969, Kittay House comprises 295 affordable seniors units with social, recreational, and educational programs on-site as well as meals, housekeeping and easy access to healthcare and supportive services. Greystone’s interest-only non-recourse bridge loan carries a 24-month term with two six-month extension options. Read More »
Seniors Housing and Care M&A Activity Inches Up in Q2:25 but Lags Behind Q2:24
The number of publicly announced seniors housing and care acquisitions in the second quarter of 2025 totaled 181 deals, based on new acquisition data from LevinPro LTC. This represents a 1.1% increase from the 179 transactions disclosed in the first quarter of 2025, but a 3.2% decrease from the 187 deals in Q2:24. Additionally, the $5.68 billion spent on Q2:25 transactions fell by 2.7% from the $5.84 billion spent on Q1:25 transactions, and rose by 134.7% from the $2.42 billion spent in the year-ago first quarter, based on disclosed prices. Stripping foreign transactions from the totals of publicly announced transactions, the second quarter of 2025 saw 133 U.S. deals, or 532 on an... Read More »
Local Investor Partnership Divests to Ensign in Texas
Daniel Morris of Plains Commercial Real Estate arranged the off-market sale of a 124-bed skilled nursing facility in Duncanville, Texas, that was owned by a partnership of local investors. The building was leased to a national operator, which has managed the facility since its construction in 2009. The asset sold six weeks after execution of the purchase and sale agreement, with a long-term lease in place with the current operator. The Texas Broker of Record was DuWest Management Services, Inc. The Ensign Group announced that it acquired the real estate of Duncanville Healthcare and Rehabilitation Center through a subsidiary of Standard Bearer Healthcare REIT. This facility also... Read More »Schedule a demo
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