• Harrison Street Divests Long Island Portfolio

    Harrison Street Asset Management sold five Class-A seniors housing communities throughout central Long Island and New York in a transaction valued at more than $600 million. Newmark handled the deal.  The portfolio comprises five assets, developed in partnership with B2K Development between 2016 and 2022. The communities have delivered... Read More »
  • Mid-Year 2025 Valuation Stats Update Webinar

    The SeniorCare Investor hosted its Mid-Year 2025 Valuation Stats Update webinar, sponsored by HealthTrust. Managing Editor Ben Swett moderated the discussion and presented the latest M&A and valuation statistics derived from LevinPro LTC’s proprietary database, updated through the most recent four-quarter period. He was joined by panelists... Read More »
  • Interview with Shawn Janus on Colliers’ Upcoming National Healthcare Conference

    The SeniorCare Investor’s Ben Swett sat down with Shawn Janus, National Director of Colliers, to discuss who should attend Colliers’ upcoming National Healthcare Conference in New Orleans from September 11th to 12th, what you can get from the conference and what themes will be top of mind among investors and advisors. Read More »
  • Vacant SNF Trades Hands in Missouri

    Blueprint was engaged by a regional owner/operator, subject to approval by the U.S. Bankruptcy Court for the Eastern District of New York, to conduct a comprehensive marketing process for the sale of Liberty Health and Wellness in Liberty, Missouri. Formerly a 143-bed, highly-profitable and well-occupied skilled nursing facility, the asset... Read More »
  • Berkadia Arranges Bridge Loan

    Steven Muth, Austin Sacco and Garrett Sacco of Berkadia Seniors Housing & Healthcare recently utilized Berkadia’s bridge lending program to secure $10 million in bridge financing for a repeat client Pacific Northwest sponsor.  The loan proceeds were used to retire existing debt on a 60-unit memory care community in Sequim, Washington, while... Read More »
Texas Gets New IL Community

Texas Gets New IL Community

The McFarlin Group just broke ground on its newest active adult community in Dallas, Texas, The Blake at Bent Tree. Featuring 200 units, the community is McFarlin’s 17th development in Dallas, and the company is based in the city, as well. The Blake was developed as an active adult community but offers a future buyer the ability to convert it to full-service independent living, if they choose. It will offer food, programming and laundry services, as well as amenities such as an outdoor BBQ and entertainment area, a golf simulator, outdoor pool with hot tub, pickleball court and professional concierge services, among others. Greystar will operate it under the Elate brand. Berkadia announced... Read More »
Ziegler Prices Bonds for North Carolina CCRC

Ziegler Prices Bonds for North Carolina CCRC

Ziegler announced the pricing of Carolina Meadows, Inc.’s Series 2024 bonds. Carolina Meadows is a North Carolina not-for-profit that was incorporated in 1983 to develop, own and manage a CCRC in Chatham County, North Carolina, just south of Chapel Hill. The community comprises 476 independent living units, 78 assisted living units (with 95 beds in operation) and 79 skilled nursing units (with 86 beds in operation). It is the 20th largest not-for-profit single-site CCRC in the United States, according to the 2023 LeadingAge-Ziegler 200.  Carolina Meadows plans to develop, own and operate a replacement skilled nursing facility that will total approximately 122,000 square feet. The... Read More »
AOG’s Foray into The Active Adult Sphere

AOG’s Foray into The Active Adult Sphere

A few years ago, we were preparing for an influx of multifamily developers and investors to flood into the seniors housing space, particularly in active adult, which was seen as an attractive add-on to their traditional multifamily portfolios with favorable demographic trends, higher (and more consistent) rents, good occupancy rates and longer lengths of stay. Active adult may have also acted as a gateway to other seniors housing sectors like independent living and assisted living for these investors.  Then, interest rates rose above average active adult cap rate between 4% and 5%, and development became more difficult, not to mention expensive. But as we (and others) have noted, the... Read More »
S&R Handles Texas Land Transaction

S&R Handles Texas Land Transaction

Sherman & Roylance closed the sale of an eight-acre development site in Austin, Texas, which was initially envisioned for a senior living community. However, the buyer, Novak Brothers, plans to leverage their expertise and create a new multifamily development in the location. The property, previously approved by the City of Austin for a two-story, 98-unit assisted living and memory care community, faced construction delays and ultimately ended up in foreclosure by Woodforest Bank in September 2023. With the “as designed” construction halted in 2022, with the foundation in place and the framing begun, Sherman & Roylance was tasked with finding a buyer. Read More »
Live Oak Bank Returns to Santee Seniors Housing Campus

Live Oak Bank Returns to Santee Seniors Housing Campus

Live Oak Bank closed a $27.0 million refinance with a repeat client for an assisted living/memory care community, The Ridge at Lantern Crest, situated on a larger campus, Lantern Crest, in Santee, California. Lantern Crest, operated by Lantern Crest Senior Living, is a 34-acre seniors housing campus developed by The Grant Companies. It offers independent living, assisted living and memory care. Development occurred in three phases, with Phase I being The Ridge at Lantern Crest, Phase II being The Pointe at Lantern Crest and Phase III being The Plaza at Lantern Crest.  The Ridge, which opened in 2012, was originally built with 80 assisted living and memory care units. It was expanded... Read More »
The Current Lending Environment for Senior Care Properties

The Current Lending Environment for Senior Care Properties

The financing process has killed dozens (and hundreds) of deals in the last couple of years, and yet M&A activity is near record levels in the seniors housing and care industry. So deals are getting done, and not just with cash. Who has been lending and at what cost to the borrower? What hurdles have to be overcome? And when capital costs do lower, how can owners and operators best prepare to finance the oncoming wave of deals and demographics? Read More »