• The Saga of Genesis HealthCare Continues

    by | Jan 22, 2026 1:55 pm | Acquisitions

    Genesis HealthCare was once one of the largest and most successful skilled nursing companies. But it grew too quickly, made some bad investments over the years (did we mention the billion-dollar merger with The MultiCare Companies?), and it always played the leverage game, whether with leases or debt, and usually both. Last summer, it filed for... Read More »

  • Blue Moon/StepStone Finalize Large Recapitalization

    by | Jan 22, 2026 1:51 pm | Acquisitions, Financings

    Blue Moon Capital Partners completed a large recapitalization of five seniors housing communities that it developed over the years and were the last remaining assets within its fund, Blue Moon Senior Housing I. CBRE National Senior Housing acted as transaction advisor in the recap and arranged acquisition financing for the deal. StepStone Real... Read More »

  • Evans Closes Another High-Priced SNF Sale in NV

    by | Jan 22, 2026 1:49 pm | Acquisitions

    Just a month after selling a skilled nursing facility in Nevada for the highest per-bed value ever seen in the state, Evans Senior Investments returned to sell another facility in the Las Vegas MSA for the second-highest per-bed price. That is some momentum. Little was disclosed on the deal, but the 1970s-built facility has approximately 150... Read More »

  • Seniors Housing Communities Secure Refinances

    by | Jan 22, 2026 1:47 pm | Financings

    Berkadia recently refinanced Allegro Parkland, an independent living, assisted living and memory care community in Parkland, Florida. A joint venture between Harrison Street Asset Management and Allegro Senior Living was the borrower. The community opened in March 2020 (perhaps not the best timing) and features 61 independent living, 88 assisted... Read More »

  • PACS Group Expands in Four States

    by | Jan 22, 2026 1:45 pm | Acquisitions

    After Senior Living Investment Brokerage announced the sale of three assets in Soldotna and Kenai, Alaska, and Caldwell, Idaho, PACS Group announced its addition of three seniors housing communities in the same locations. The Utah-based provider purchased the real estate and operations of the Alaska properties, and closed on a lease option for... Read More »

NewPoint Originates Acquisition Financing

by | Jan 15, 2026 3:12 pm | Acquisitions, Financings

NewPoint Real Estate Capital originated $53 million in bridge financing to facilitate Cougar Capital Management’s acquisition of a large portfolio of independent living communities in upstate New York. The 24-month, non-recourse floating-rate loan provided by a debt fund was originated by NewPoint’s Cal Masterson and Kevin Laidlaw. These five communities total 701 units. They were built between 2000 and 2008 and comprise 15 acres in the Rochester MSA. Cougar Capital Management announced that it paid $51 million for the assets, or $72,800 per unit. Property management will be transferred to Willow Ridge Senior Living, which announced that it co-invested in the portfolio, which includes... Read More »

Financing Secured for Skilled Nursing Portfolio

by | Jan 15, 2026 3:11 pm | Financings

MONTICELLOAM, along with firm affiliates, provided $107 million in combined bridge and working capital financing to a four-facility skilled nursing portfolio in Florida. The transaction includes a $100 million bridge loan and a $7 million working capital line of credit. The loan proceeds will be used by the borrower, a returning MONTICELLOAM client, to pay off the existing debt on the portfolio, which comprises 480 beds. Read More »

CCRC Secures Funding for Capital Improvements

by | Jan 15, 2026 3:08 pm | Financings

Ziegler successfully closed the $47.9 million Series 2025 bonds for Bishop Gadsden Episcopal Retirement Community. Ziegler has had a relationship with Bishop Gadsden for more than 20 years.  Bishop Gadsden owns and operates a not-for-profit CCRC on James Island in Charleston, South Carolina. Founded in 1850, Bishop Gadsden provided housing for seniors on the peninsula of Charleston but moved to its current location in 1987 on land donated by St. James Episcopal Church. Over the years, the community has grown to include a campus of 125 acres consisting of 283 independent living units, 79 assisted living units, 32 memory care units and 100 skilled nursing beds (32 of which are... Read More »

Regional Owner/Operator Secures Acquisition Financing

by | Jan 15, 2026 11:17 am | Financings

Andrew Lanzaro of Berkadia Seniors Housing & Healthcare arranged a $24.75 million bridge financing for the acquisition of a 140 unit seniors housing community in Ocean Springs, Mississippi, on behalf of a Memphis-based repeat client. The purchase represented the buyer’s 10th community in Mississippi and was funded with 1031 exchange equity. The bridge loan was sized to 75% of the purchase price and features a 24-month, interest-only term with one six-month extension option. Berkadia intends to refinance the community with a HUD 232/223(f) loan. The regional owner/operator buyer paid $33 million, or $235,700 per unit, for the community. Built in phases from 2019 to... Read More »
CCRC Lands Construction Financing

CCRC Lands Construction Financing

by | Jan 13, 2026 9:43 am | Developments, Financings

Ziegler announced the closing of The Moorings of Arlington Heights’ $162.86 million Series 2025 bonds issued through the Illinois Finance Authority. The Moorings of Arlington Heights (The Moorings) is a CCRC situated on a 45-acre campus in Arlington Heights, Illinois. The community consists of 264 independent living apartments and villas, 73 assisted living apartments, 20 memory care assisted living apartments, 57 skilled nursing and rehab beds, and 39 intermediate and skilled memory care suites. The Moorings is an affiliate of Presbyterian Living, an Illinois not-for-profit organization based in Skokie, Illinois. Presbyterian Living’s portfolio features four communities and... Read More »
Bain Capital and Capitol Seniors Housing Refinance Near Manhattan

Bain Capital and Capitol Seniors Housing Refinance Near Manhattan

by | Jan 13, 2026 9:42 am | Financings

JLL Capital Markets announced that it arranged a $48 million refinancing for two Class-A seniors housing communities in New York and New Jersey. JLL’s Seniors Housing Debt Advisory team worked on behalf of the borrower, Bain Capital Real Estate and Capitol Seniors Housing, to place the three-year, floating-rate loan with a large regional bank. The Chelsea at New City was built in 2021 and consists of 80 assisted living, memory care and respite care units. On-site amenities include restaurant-inspired meals, beauty/barber salon, sports lounge, health and wellness programs, daily activities calendar, computer lab, movie theater, transportation services and more. The... Read More »