Sabra Health Care REIT Picks Up the Transaction Pace
Sabra Health Care REIT is ramping up its senior care M&A activity and its SHOP exposure, set to exceed the $450 million in investments it spent in 2025. The REIT completed several transactions during the first quarter, with investments closed year to date totaling $206.1 million, with an estimated initial cash yield of 8.0%. The pipeline includes an additional $200 million of managed seniors housing and skilled nursing investments awarded to Sabra with an estimated initial cash yield of approximately 8.2%, most of which is expected to close during the second quarter. In the first quarter of this year, Sabra acquired three managed seniors housing communities and one skilled nursing... Read More »
Clarion Partners Continues Growing
Clarion Partners is continuing on its acquisition streak, adding Legacy House of Avondale to its portfolio. The 169-unit Class-A assisted living/memory care community is in the Phoenix, Arizona MSA, with a strong operational footing. Clarion Partners further expanded its relationship with MorningStar Senior Living through the deal, partnering with the operator to manage the community. Clarion plans to focus on rate optimization and expense efficiencies to further enhance performance. Earlier in April, Clarion also announced the purchase of Golden Ridge in Peoria, Arizona, partnering with MorningStar on that deal too. Amy Sitzman, Ryan Chase and Jake Rice of Blueprint handled the sale,... Read More »
Blueprint Handles Virginia Deal
A publicly traded company engaged Blueprint to sell a value-add independent living community in a growing submarket of Richmond, Virginia. Built in 1987, the 122-unit community could benefit from investments in the physical plant. It was also not stabilized. A competitive market generated multiple bids in multiple rounds and improved pricing for the asset, although the price was not disclosed. Regional operators, national seniors housing platforms and private equity-backed groups showed interest, but the seller put significant weight on execution certainty. So, an experienced seniors housing investor with a history of closing transactions on time and on terms was awarded the... Read More »
Public REIT Acquires Full-Continuum Communities
A pair of full-continuum seniors housing communities that sit approximately 10 miles apart traded in Northwest Arkansas. Village on the Park Bentonville in Bentonville and Village on the Park Rogers in Rogers offer a total of 208 independent living, assisted living and memory care units. Each community also offers contiguous land for further expansion opportunities. The assets have a history of strong occupancy and performance. Cody Tremper, Dave Fasano, Ross Sanders and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale on behalf of a joint venture between Harrison Street Asset Management and Bridgewood Property Company, a Houston-based senior living... Read More »
Berkadia Is Off to the Races
Berkadia’s Seniors Housing & Healthcare platform had an active first quarter of lending, originating more than $508 million in financing volume. The mortgage banking platform closed 32 transactions, including $128 million in Berkadia Bridge fundings across 15 deals. The seniors housing investment sales platform closed an additional 40 seniors housing and healthcare transactions. In one notable transaction, Berkadia completed the sale and financing of The Pillars at Lakeville, a Class-A community with 100 independent living, assisted living and memory care units in Minnesota. More on the deal can be seen here on LevinPro LTC. Berkadia also completed the sale and financing of The... Read More »Schedule a demo
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