Dwight Capital Announces Q1 Activity
Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) reported an active first quarter, closing a combined $294 million in senior care financings across a mix of HUD, bridge, and revolving line of credit (RLOC) financings, spanning 11 states. Among the featured HUD transactions was $46.9 million in financing provided by Dwight Capital for a portfolio of three skilled nursing facilities totaling 278 beds in Fort Pierce, Wauchula and Winter Haven, Florida. The loan proceeds refinanced existing debt provided by DMT. Adam Offman, Managing Director of Healthcare Finance, originated the transaction. Additional closings included a $22.5 million loan... Read More »
Senex Foundation Divests SNFs to Owner/Operator
Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage were engaged by Senex Foundation, a Denver, Colorado-based owner/operator, to help with the disposition of a four-property portfolio and recently closed the second tranche involving two skilled nursing facilities in Nebraska. The deal included the sale of a 48-bed facility in Bridgeport and the leasehold interest (plus a purchase option) of a 39-bed facility in Hemingford. Both facilities were cash flowing. The buyer was a Utah-based owner/operator looking to establish scale in Nebraska and position itself for continued growth in the state. No purchase price was disclosed. The closing... Read More »
All-Cash Skilled Nursing Deal Closes
An undisclosed buyer acquired a 99-bed skilled nursing facility in Ohio through an all-cash transaction after the seller’s senior lender pushed for an exit. Stan Klos III of 3G Healthcare Real Estate handled the deal. An initial buyer walked away from the deal after a conversion from a lease-only structure was declined by the lender. Another potential buyer signed a competing contract but walked away after the per-diem reimbursement decreased by $50 per bed. This was a result of the facility’s quality points decreasing after an Ohio Medicaid rate reset. Additionally, hospital discharge volume softened, with occupancy falling from the high-80s to the low-80s. A qualified, sidelined... Read More »
Joint Venture Acquires Four AL/MC Communities
Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care communities in Georgia and South Carolina. Three of the communities were built in 1999 and one in 2013. Combined, they generated around $3.1 million of EBITDAR, with Viva Senior Living as the previous operator. The joint venture paid $36 million, or $147,500 per unit, at an 8.6% cap rate. They retained Viva as the operator, as well. CIBC placed... Read More »
Another Publicly Traded REIT Joins the M&A Mix
Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool continues to grow (especially with new entrants that are well-capitalized), that upward pressure should continue. Chiron Real Estate Inc. (formerly known as Global Medical REIT) is a REIT that acquires healthcare facilities and leases them to physician groups and regional and national healthcare systems, announced purchase agreements for three... Read More »Schedule a demo
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