Property Management Company Acquires Active Adult Portfolio
FirstService Residential, a property management company with residential communities across the U.S. and Canada, recently acquired several active adult communities, expanding its existing footprint. Within the portfolio are five Florida communities, one in Tennessee and another in Georgia. FirstService Residential is a subsidiary of FirstService Corporation, a publicly traded property services company. The Florida properties include a few Class-A communities that were built by Kolter Homes. Cresswind Lakewood Ranch in Lakewood Ranch opened in October 2019. Opened in November 2024, Cresswind Lake Harris is in Tavares. Cresswind Hammock Oaks is in Lady Lake, and opened in... Read More »Focus Healthcare Partners Acquires Bankrupt CCRC
A judge approved a $133 million bid by Focus Healthcare Partners through Focus SH Acquisitions LLC to acquire a 495-unit CCRC in Houston, Texas. Previously owned by the not-for-profit Buckingham Senior Living Community Inc., The Buckingham had filed for bankruptcy protection in November 2025. Focus’s bid includes $116.4 million in cash, a commitment to spend $20 million on capital improvements over the next four years with $10 million of that spent within the first two years following closing, a $750,000 healthcare discount program and $12 million in rent rebate funds. Total gross consideration reached $133 million. And, seniors with financial hardships are... Read More »
Incumbent Operator Secures Two Acquisition Financings
Jay Healy and Director Andrew Lanzaro of Berkadia utilized the company’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth-based skilled nursing owner/operator. The intent is to close the two subsequent HUD 232/223(f) refinancings in the second half of 2026. The loans facilitated the acquisition of three Texas skilled nursing facilities that the sponsor previously operated under a triple-net lease. The sponsor acquired the leased-fee interests below fee simple value, supported by the equity created through successful operations and the recent Medicaid rate increases in Texas. The first transaction was a $31.4 million bridge loan for the acquisition of two... Read More »
MONTICELLOAM’s 2025 Activity
MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working capital for 16 skilled nursing facilities in Virginia. The sponsor owns/operates more than 200 SNFs across the country, and used the $455.5 million bridge financing to refinance existing debt on the Virginia assets. In addition, MONTICELLOAM arranged a $15.0 million working capital line of credit for the borrower to manage the daily operational... Read More »
Triple Crown Expands Its Footprint
Triple Crown Senior Living had a banner year in 2025, growing to 17 communities and entering a fifth state through acquisition. The Louisville, Kentucky-based operator also grew through third-party management agreements and new development, and it will take its three-way growth strategy into 2026. Triple Crown ended 2025 with the acquisition of three seniors housing communities in Pearland, Port Lavaca and Kingwood, Texas, all in the Houston MSA. It intends to grow a regional portfolio in the Lone Star State and is creating a Texas-based operations team. The acquisitions were profiled in LevinPro LTC, including Kingwood and Pearland/Port Lavaca. In addition, Triple... Read More »Schedule a demo
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