LTC Properties on Track for Projected 2025 Pipeline
LTC Properties added two Kentucky assets in the Nashville, Tennessee MSA, to its SHOP portfolio through an off-market transaction. Both assets opened in the first half of 2023 with 158 total assisted living/memory care units. More than 50% of those units were pre-leased, and they achieved full stabilization in an average of 20 months. Since then, they consistently performed well and were stabilized at the time of closing. It is expected that the communities will deliver a year-one yield of approximately 7%. One of the buildings appears to be Charter Senior Living of Hopkinsville, which has 56 assisted living and 23 memory care units. The private-pay units are in a single-story, 65,000... Read More »
SLIB Handles Michigan Portfolio Deal
A seniors housing portfolio in Michigan traded hands with the help of Dan Geraghty, Brad Clousing and Jeff Binder of Senior Living Investment Brokerage. Set in secondary markets, the portfolio consists of four late-1990s vintage properties that are well maintained and well regarded in their respective communities. They also experienced continued occupancy growth throughout 2025 but still represented an opportunity for a new regional owner/operator to hit the ground running in boosting performance through a hands-on management approach and leveraging existing referral networks. A national owner/operator deemed the portfolio no longer fit with its long-term operational objectives and slated... Read More »
Two Central Florida Communities Trade
Two assisted living/memory care communities set in between Orlando and Gainesville, Florida, found a new in-state owner. Located about 10 miles apart in Ocala and Belleview, the communities total 83 units and were previously owned by a partnership between a Florida-based capital partner and a regional operator. Both assets are cash-flowing but have upside potential for a new owner. There is also a third asset currently awaiting a HUD assumption and will transition once the approval is complete. Its new owner will be a Florida-based owner/operator, which is acquiring the whole portfolio. Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage handled the transaction. Read More »
Private Equity Firm Acquires Its Fourth Seniors Property
A private equity firm based in La Jolla, California, just purchased their fourth seniors housing property. Bakerson Companies bought Truewood by Merrill, Clovis, a 115-unit assisted living/memory care community in Clovis, an affluent suburb of Fresno, California. The property was an older vintage but showed well. Bakerson will bring in a new operating partner, Calson Management, to operate it going forward under a new name: Saddle Ridge Senior Living, which honors the city’s celebrated Clovis Rodeo and its deep-rooted western heritage. The firm paid all cash for the property, at an attractive per-unit value. Scott Frazier and Brooks Blackmon of Blueprint handled the deal. In a story... Read More »
Hotel Developer Divests Non-Stabilized, Class-A Asset to Sonida Senior Living
Austin Diamond and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap announced their role representing the seller of a 98-unit assisted living/memory care community in Mansfield, Texas (Dallas-Fort Worth area). Sonida Senior Living was the buyer, paying $15.55 million, or $159,200 per unit, which was funded with cash on hand and proceeds from its senior secured revolving credit facility. The Knapp-Stahler Group navigated a challenging renegotiation at the expiration of due diligence, ensuring a favorable outcome and smooth closing for all parties. That is an attractive price, from Sonida’s perspective, for a 2016-vintage, recently-renovated, Class-A property, which Sonida... Read More »Schedule a demo
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