Private Equity Firm Expands Seniors Housing Presence
Jason Punzel, Patrick Burke and Jeff Binder of Senior Living Investment Brokerage were engaged by a West Coast-based private equity firm divesting a seniors housing community in Stevens Point, Wisconsin, as part of a strategic rightsizing of its portfolio. The community features 56 independent living, 75 assisted living and 16 memory care units across eight acres with approximately 108,000 square feet. It was well operated and stabilized at the time of sale with an 89% occupancy rate and a 32% operating margin. The buyer, a Midwest-based private equity firm with a strong background in multifamily investments, is expanding its presence in the seniors housing sector. It intends to invest... Read More »
Montgomery Starts Q2 with Two Closings
Andrew Montgomery of Montgomery Intermediary Group closed another two transactions, continuing an active 2025 for the firm. First, Montgomery took on the sale of a 120-bed skilled nursing facility in southern Illinois. Built in 1990, the property was well maintained and located in a growing market, but after years of stewardship, the previous owner decided it was time to move on. Montgomery sourced the buyer, a large group teamed with a growing local sponsor. All parties worked swiftly to meet a tight April 1 deadline, with the LOI signed barely over two months before closing. Montgomery next sold a 130+ bed skilled nursing facility in the St. Louis, Missouri area. Featuring a four-star... Read More »
Greystone Provides Bridge Financing
Greystone provided $40.5 million in bridge financing to Kalesta Healthcare Group for the acquisition and refinance of two skilled nursing facilities with 219 beds in Menlo Park and Los Banos, California. The interest-only, non-recourse bridge loan carries a 24-month term with two six-month extension options, enabling Kalesta to complete the acquisition and fund capital improvements while Greystone works to secure permanent HUD financing later this year. The financing was originated by Christopher Clare and David Young. Ben Rubin, Ryan Harkins, Peter Nielson and Liam Gallagher assisted on this transaction. Grant Goodman of G Capital served as Kalesta’s capital advisor on the... Read More »
CareTrust and Real Estate Investor Acquire in California
Nick Stahler, Michael Mooney and Hap Knowles of the Knapp-Stahler Group at Marcus & Millichap closed the sale of a senior care campus in Los Alamitos, California. The campus includes a 150-bed skilled nursing facility (Alamitos West Health and Rehabilitation) and a 68-unit/140-bed RCFE (Katella Senior Living Community). The skilled nursing component serves as a natural feeder to the RCFE, enhancing resident retention and streamlining care transitions. The buyer was a joint venture between CareTrust REIT and a third-party healthcare real estate owner. The acquisition presents an advantage to the joint venture through economies of scale, operational synergies and opportunities to... Read More »
Alta Senior Living Expands in California
Alta Senior Living has expanded its portfolio with the acquisition of a seniors housing community in Sacramento, California, through a joint venture with its capital partner, Brasa Capital Management. Built in 2017, The Village at Heritage Park features 162 total units, with 54 independent living, 60 assisted living and 48 memory care units. The community has already been rebranded as Rose Arbor Village. Alta Senior Living was engaged in October by the previous owner to rebrand and stabilize an underperforming operation. Confident in strengthening its commitment to the community’s success, the company executed an acquisition that officially closed in February. An aggressive repositioning... Read More »Schedule a demo
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