Regional Operator Enters Kansas with CCRC Acquisition
A CCRC in Kansas recently sold to a growing regional operator. This transaction marks its entrance into the Kansas market. Evans Senior Investments handled the deal, identifying specific reimbursement and occupancy opportunities that an incoming operator could leverage to improve profitability. The process was competitive, and the undisclosed buyer ultimately paid $32 million, or $148,000 per bed/unit, to purchase the campus. T7 Capital previously announced that it arranged $27.2 million in financing from a commercial bank and mezzanine lender, plus a $1.5 million A/R line, for the acquisition of an asset with 74 independent living, 63 assisted living and 80 skilled nursing beds in... Read More »
Financing Supports Underperforming AL Acquisition
Helios Healthcare Advisors announced that it arranged acquisition financing for the buyer of an underperforming community in Marble Falls, Texas, that was operating at a cash-flow deficit. The asset was Marble Falls Assisted Living, a 25-unit assisted living community. Marcus & Millichap handled the sale. The borrower required a high-leverage financing structure that preserved its capital to fund anticipated operating losses and supported physical plant improvements. Helios structured a 100% loan-to-cost financing solution that provided the buyer with the flexibility needed to execute a turnaround strategy. Financing was provided by an Arkansas-based commercial bank. The loan carried a... Read More »
Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
CareTrust Closes 2025 with 169 New Property Investments
CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in initial investments at a blended stabilized yield of 8.8%. CareTrust also divested 12 properties in the quarter, for proceeds of $75 million. The Q4 acquisitions brought the REIT’s 2025 new investments to 169 properties and $1.76 billion, at a blended stabilized yield of 8.6%. That includes $40.3 million of investments in its new SHOP strategy and... Read More »
Separate Sellers Divest in Florida
Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers handled the sale. Next, Berkadia represented Providence One Partners in its sale of a 128-unit assisted living/memory care community in the Orlando, Florida MSA. The buyer was a seniors housing owner, and Providence One Partners will continue to operate the community. Brooks Minford and Cody Tremper closed... Read More »Schedule a demo
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