• Spotlight on Senior Care M&A, Seventh Edition

    The SeniorCare Investor is releasing a mid-year update of its key valuation statistics for the assisted living, independent living and skilled nursing sectors in its latest report: Spotlight on Senior Care M&A. Check out the average prices and cap rates, as well as analysis of industry headwinds and tailwinds. Read More »
  • PACS Gets Trading Period Extension

    PACS Group is trying to right the ship as it works to restate its prior financial statements amid an investigation into its Medicare billing practices, and return to providing regular quarterly earnings statements. The New York Stock Exchange Listing Operations Committee did agree to provide PACS with an additional trading period through November... Read More »
  • Outcome Healthcare Acquires Pennsylvania SNF

    Evans Senior Investments facilitated the sale of Mahoning Valley Nursing & Rehabilitation Center, a 142-bed skilled nursing facility in Lehighton, Pennsylvania. The seller, an independent owner, faced increasing financial and operational pressures in today’s skilled nursing environment. The selected buyer was a regional operator with a... Read More »
  • Full Continuum Community Obtains Refinancing

    CBRE National Senior Housing refinanced The Pointe at Meridian, a 100-unit seniors housing community in Meridian, Idaho. Built in 2022, The Pointe at Meridian was built in 2022 and consists of 60 independent living units, including 14 townhome units, 30 assisted living units and 10 memory care units. Grace Management took over management of the... Read More »
  • Arizona Seniors Housing Development Secures Construction Financing

    Fifty Stones Capital Group closed a $39.3 million construction loan for a seniors housing community in Chandler, Arizona. The proposed development comprises 147 units with 150 beds. The opportunity came to Fifty Stones Capital Group through a local broker.  The sponsor, an experienced local developer with a focus on multifamily and senior... Read More »
Full Continuum Community Obtains Refinancing

Full Continuum Community Obtains Refinancing

CBRE National Senior Housing refinanced The Pointe at Meridian, a 100-unit seniors housing community in Meridian, Idaho. Built in 2022, The Pointe at Meridian was built in 2022 and consists of 60 independent living units, including 14 townhome units, 30 assisted living units and 10 memory care units. Grace Management took over management of the property in July 2024 on behalf of the owner, Gold Stream Retirement Communities LLC, a Utah-based real estate firm that specializes in the development, construction and management of commercial real estate, including single-family, multifamily and seniors housing properties. To refinance the community, Aron Will and Tim Root of CBRE National Senior... Read More »
Arizona Seniors Housing Development Secures Construction Financing

Arizona Seniors Housing Development Secures Construction Financing

Fifty Stones Capital Group closed a $39.3 million construction loan for a seniors housing community in Chandler, Arizona. The proposed development comprises 147 units with 150 beds. The opportunity came to Fifty Stones Capital Group through a local broker.  The sponsor, an experienced local developer with a focus on multifamily and senior care, had already invested over $4.2 million of their own capital. This included acquiring the land without any debt and completing horizontal site improvements, leaving the site shovel-ready for construction. The development is adjacent to the sponsor’s existing, profitable seniors housing community, creating operational synergies. Fifty Stones... Read More »
Skilled Nursing Portfolio Secures HUD Loan

Skilled Nursing Portfolio Secures HUD Loan

Walker & Dunlop originated $68.312 million in HUD 232/223(f) loans to refinance seven skilled nursing facilities with 380 units in Illinois and Wisconsin. The transaction replaced existing short-term, variable-rate debt. Walker & Dunlop’s FHA Finance team arranged the refinancings, led by Joshua Rosen, Brad Annis and Johnny Rice. The borrower was not disclosed. Read More »
Class-A Minnesota Community Retires Its Construction Financing

Class-A Minnesota Community Retires Its Construction Financing

EBSC Lending arranged a $31 million loan for a 160-unit Class-A seniors housing community in Elk Grove, Minnesota. Proceeds from the five-year, floating-rate, non-recourse loan were used to retire the property’s existing construction financing, with the structure providing an initial interest-only period. The sponsor was repeat-client David Ross.  The community includes independent living, assisted living and memory care services, offering studios, one- and two-bedroom floor plans ranging between 410 and 992 square feet. Read More »
Sunrise Senior Living Development Secures Bond Financing

Sunrise Senior Living Development Secures Bond Financing

JLL Capital Markets and HJ Sims collectively closed $80.07 million in tax-exempt bond financing for a new Sunrise Senior Living community in Long Beach, California, Sunrise of Long Beach. On behalf of Quality Senior Housing Foundation, Inc. and Sunrise Senior Living, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A. The two-story, 78,227-square-foot community will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include studio layouts with... Read More »
Blueprint Handles Five-SNF Portfolio Deal

Blueprint Handles Five-SNF Portfolio Deal

Giancarlo Riso and Amy Sitzman of Blueprint advised a client on a sale and HUD 232 process of five skilled nursing facilities located in central and west Texas. The facilities totaled 424 beds and featured positive cash flow. They had attractive, fixed-rate HUD debt of 2.8% and long remaining terms with maturity dates starting in 2035 through 2044, presenting an incoming investor with significant cash-on-cash returns, especially if they invested in a targeted capex program to raise the facilities’ competitive profiles. Further upside potential existed by improving the CMS star rating at each facility, and establishing additional referral relationships with nearby acute care hospitals.... Read More »