CCRC Secures Funding for Expansion
Ziegler announced the closing of Friendship Village of Kalamazoo’s $103.585 million Series 2026A, B-1, B-2, and B-3 bonds issued through the Economic Development Corporation of the City of Kalamazoo. Lifecare, Inc., doing business as Friendship Village Kalamazoo, is on approximately 72 acres within Kalamazoo, Michigan. The 364-unit CCRC comprises 230 independent living units (180 apartments and 50 garden homes), 54 assisted living units in its Woodside facility, 23 memory care units, and 57 skilled nursing beds. LCS will manage the community. A portion of the Series 2026 bonds will be used to add new and upgraded amenities to the campus, add more independent living units, and replace the... Read More »
Omega Reports Continued Momentum
Omega Healthcare Investors announced its fourth quarter and full-year 2025 results, completing approximately $334 million in fourth quarter investments, which consisted of $52 million in real estate acquisitions, $16 million in real estate loans and $266 million in unconsolidated entities. In 2025 Omega completed $1.1 billion in new investments, with $680 million in real estate acquisitions, $69 million in real estate loans and $342 million in investments in unconsolidated entities. The Q4:25 real estate transactions totaling $52 million include Omega’s purchase of four seniors housing communities in New Jersey, Wisconsin and Indiana for $36.9 million. They will be operated by two new... Read More »
Senior Lifestyle Recapitalizes Two Communities
Senior Lifestyle participated with its capital partners in the recapitalization of North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia. Both communities were developed by Senior Lifestyle and will continue to be operated by the company following the transaction. North Shore Place is a 188-unit assisted living/memory care community located in Northbrook, Illinois. Originally opened in 2014 with 156 units, the community expanded in 2019 to meet strong market demand. The Sheridan at Eastside is a 214-unit community located in Snellville, Georgia, on a 15 acre campus. Opened in 2019, it offers independent living villas and apartments, assisted living... Read More »
Berkadia Announces 2025 Activity and Latest Deal
Berkadia recorded another successful year, with more than $2 billion in mortgage banking closings for the second consecutive year. In 2025, Berkadia’s financings were spread across 123 properties including active adult, independent living, assisted living, memory care and skilled nursing communities. Multiple lending sources were utilized, such as the GSEs, HUD, Berkadia’s proprietary capital, banks, life companies and debt funds. Additionally, Berkadia was the #1 Freddie Mac Seniors Housing Lender by total volume in 2025, delivering $850 million in seniors housing loans with Freddie Mac. Separately, it originated $392.5 million in HUD LEAN volume, a 90% increase from the prior year.... Read More »
Bank Closes Refinance and Acquisition Financing
Coastal States Bank announced that it recently closed $9 million in financing to refinance a 60-unit purpose-built memory care community near Centerville, Ohio, and to acquire a 53-unit memory care community in Creve Coeur, Missouri. Following the closing, the sponsor’s affiliated management company, Kauhale Healthcare Management, began managing the community in Creve Coeur and will continue managing the Centerville community, which it acquired in October 2024. The loan, which closed in coordination with a preferred equity investment from Kauhale Healthcare Real Estate and Locust Point Capital, was structured with a four-year term with interest-only payments for the first 12 months.... Read More »Schedule a demo
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