CareTrust Keeps Its Foot on the Gas
CareTrust REIT has deployed nearly $1 billion in closed transactions so far this year, after closing around $1.8 billion in investment activity in 2025, and its pipeline includes $450 million of near-term, actionable opportunities, excluding larger portfolio transactions. The REIT announced that it closed a few separate transactions in mid-April, totaling $628 million, and the investments carry a blended stabilized yield of 8.8%. They were funded using a combination of proceeds received from settled equity forward contracts and a draw from CareTrust’s revolving credit facility. In one of the transactions, CareTrust acquired a 15-asset skilled nursing portfolio that comprises 1,700 beds in... Read More »
CBRF Trades in Wisconsin
A community-based residential facility in southern Wisconsin came under new ownership. The seller had acquired the facility a couple of years ago and brought it to stabilization. They also conducted renovations in 2025 on the physical plant, which was originally built in 2001. The ultimate buyer was a Midwest ownership group that was looking to grow its seniors housing portfolio. Senior Care Realty’s Chad Wegner handled the sale. Read More »
Not-for-Profit Joint Venture Acquires IL Community
Blueprint closed the sale of Parkwood Retirement, a 147-unit independent living community in Bedford, Texas (Dallas-Fort Worth MSA). Sitting adjacent to the Texas Health HEB hospital campus, Parkwood has demonstrated consistent and strong operating performance, with occupancy hovering around 95% for several years. There was still some meaningful rate upside for the 1980s-vintage asset. Kyle Hallion, Amy Sitzman and Giancarlo Riso of Blueprint were engaged by a joint venture led by a well-regarded national owner/operator to market the community. Its size and stabilized profile attracted strong interest from the investment market, before a joint venture between two leading not-for-profit... Read More »
NHI and National HealthCare Corporation Ending Master Lease
In a move to concentrate its portfolio on private pay seniors housing, National Health Investors divested a large skilled nursing portfolio for $560 million, before estimated transaction costs between $6 million and $8 million. The buyer was the current lessee, National HealthCare Corporation, whose legacy master lease was established in 1991 and set to expire in December 2026. Last year, NHI had formally notified National HealthCare Corporation that it was in default, and this deal will bring an end to the master lease. The portfolio encompasses 32 skilled nursing facilities with 4,550 beds, and three independent living communities with 250 units. The assets sit across Alabama,... Read More »
Seniors Housing Communities Sell in Southwest Florida
Berkadia has announced a couple of closings in southwest Florida. First, Brooks Minford headed to the Tampa, Florida area to sell a 138-unit assisted living/memory care community on behalf of a local developer that was looking to exit the seniors housing business. They had built Tessera of Brandon in 2017 to feature a mix of 98 assisted living and 40 memory care units. And it was operated by a third-party operator under a net lease, which was terminated upon the sale closing. An Orlando-based owner/operator emerged from an active bidding environment to purchase the community, with plans to add value through census improvement and physical enhancements. Berkadia’s Ross Sanders, Dave... Read More »Schedule a demo
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