• Sellers Exit Seniors Space in Separate Transactions

    Senior Living Investment Brokerage has had a busy start to the fourth quarter, announcing a slew of deals within the first few days. In one of the transactions, Toby Siefert, Ryan Saul and Patrick Burke were engaged in the sale of a portfolio of three assisted living and memory care communities with a combined 214 units and 230 beds in southern... Read More »
  • SLIB’s Slew of Closings

    Senior Living Investment Brokerage shot out of the gates in the first few days of the fourth quarter, announcing more than a handful of deals. First, Vince Viverito, Jason Punzel and Jeff Binder facilitated the sale of two assisted living and memory care communities in Draper and Springville, Utah. The Draper community was built in 2018 with 108... Read More »
  • NHI Invests in Oklahoma and Oregon

    National Health Investors, Inc. invested $74.3 million, or $216,000 per unit, including transaction costs, for the acquisition of four properties with 344 units in Oklahoma and Oregon. The purchase price was partially funded by the cancellation of a $9.5 million mortgage loan with an 8.5% interest rate. The communities are expected to generate an... Read More »
  • Class-A Community Trending Towards Stabilization Sells in Missouri

    A Class-A assisted living/memory care community in O’Fallon, Missouri, sold thanks to Alex Florea, Kyle Hallion and Kevin Lukehart of Blueprint. Opened in 2018 with 134 units, The Landing of O’Fallon features two-bedroom, one-bedroom and studio options, with a number of units sharing Kory-and-Kyle bathroom configurations. It was purpose-built... Read More »
  • Joint Venture Grows Its Seniors Presence in Oklahoma

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, announced a new acquisition, adding a 147-bed CCRC in Oklahoma to its growing portfolio. Stacked Stone made the purchase with joint venture partner Praxis Capital and started a new relationship with the incoming operator, Sage Integrated Health.  The campus operated... 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 »
CFG Recapitalizes Skilled Nursing Portfolio

CFG Recapitalizes Skilled Nursing Portfolio

Capital Funding Group closed a $50.3 million delayed draw bridge-to-HUD loan to support the recapitalization of 13 skilled nursing facilities. The deal was secured by first-priority collateral on a single asset in California, as well as mezzanine collateral on twelve additional assets in California, New Hampshire and Massachusetts. The funding provided for an immediate recapitalization of one real estate asset in California and for additional delayed draw proceeds that will be used to further capitalize the other 12 assets which are part of an existing HUD portfolio. CFG intends to refinance into permanent HUD debt. Andrew Jones originated the transaction for the company. Read More »
Berkadia Keeps the Closings Coming

Berkadia Keeps the Closings Coming

Within the past 45 days, Managing Director Jay Healy and Director Andrew Lanzaro of Berkadia Seniors Housing & Healthcare have closed 13 loans totaling $178 million in proceeds. Included in the total were nine HUD 232/223(f) loans for $102 million, plus another five bridge-to-HUD loans amounting to $76 million.  In July, Healy and Lanzaro secured $58.3 million in financing for four skilled nursing facilities in Texas for a Fort Worth-based owner/operator and repeat Berkadia client. The first loan was a $13.7 million HUD 232/223(f) loan for a 104-bed community in Maverick County, Texas, which refinanced a Berkadia bridge loan originated in 2024 to facilitate the acquisition of the... Read More »
Real Estate Investment Firm Obtains Financing

Real Estate Investment Firm Obtains Financing

MidCap Financial closed an $18.7 million first mortgage loan. The four-year, floating-rate loan refinanced the existing indebtedness on a seniors housing community in a coastal Southeastern market. The sponsor is an experienced Southeastern-based real estate investment firm. The community is newer and comprises more than 100 independent living, assisted living and memory care units. It is in the process of stabilizing. Read More »