Ciel Senior Living Takes Over Former Brookdale Communities
The management of eight senior living communities owned by Janus Living, Healthpeak Properties’ spinoff REIT, recently transitioned from Brookdale Senior Living to Ciel Senior Living. The properties are part of a larger 19-asset portfolio that Healthpeak Properties and a sovereign wealth fund owned, but Healthpeak acquired its joint venture partner’s interest and decided to transfer management from Brookdale to both Ciel and Pegasus Senior Living. The 19 assets encompass 3,355 units, with independent living units representing approximately 73% of the total. The portfolio was 81.7% occupied as of the fourth quarter of 2025. The new management contracts include performance incentives,... Read More »
Healthcare REIT Divests SNF to In-Place Operating Partner
Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10 miles west of downtown Des Moines. Although it is licensed as a skilled nursing facility, it focuses on providing memory care services. Jason Punzel, Nick Cacciabando and Jeff Binder handled the transaction. Read More »
Out-of-State Owner Divests to Investor
A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the state. Evans Senior Investments handled the sale, representing the out-of-state seller in the deal. Read More »CFG Hit the Ground Running in Q1
Capital Funding Group wasted no time in the first quarter, closing $428.9 million in total financing. The transactions spanned skilled nursing, assisted living, independent living, memory care, behavioral health, multifamily and commercial lending on behalf of nationally recognized borrowers. Some highlighted transactions include: ● A $17.6 million acquisition bridge loan for the financing of a 120-bed skilled nursing facility in Nevada, for an existing client. Patrick McGovern and Ryan Hunsicker originated the deal. ● A $9.0 million HUD loan for the refinancing of a 70-bed skilled nursing facility in Montclair, New Jersey. Tommy Dillon originated the deal. ● $42.9 million in financing for... Read More »
High-Priced Sale Closes in Chicago
The bar keeps getting raised for pricing in the seniors housing industry, and we believe a new record has been set for a property sale in Chicago, Illinois. It was revealed that the seven-story Belmont Village Lincoln Park was bought by CBRE Investment Management for approximately $151 million, according to property tax records. Based on a lower unit count than the original 149 units that were developed, after some unit combinations over the years, that equates to around $1.2 million per unit, or possibly even higher than that. In addition to its prime location adjacent to a mixed-use development in the Lincoln Park neighborhood, the community was relatively new (built in 2019), and... Read More »Schedule a demo
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