Brookdale Closes Two Portfolio Acquisitions
Brookdale Senior Living announced the closing of two portfolio acquisitions, completing the three-portfolio, 41-property acquisition plan initially announced in September 2024. Through ownership of these communities, including the 11-property portfolio acquisition completed in December 2024, Brookdale is coming closer to its year-end goal of owning more than 75% of its consolidated unit count. In one deal, Brookdale acquired five communities (686 units) previously leased from Welltower for $175 million, or $255,100 per unit. Averaging around 25 years in age, the communities are primarily located in affluent or very affluent markets and together comprise 270 independent living units, 170... Read More »
Oxford Finance Closes Major Credit Facility
Oxford Finance closed a $256.85 million senior credit facility for a client in California. Proceeds were primarily used to refinance four skilled nursing facilities featuring 356 total beds and acquire thirteen skilled nursing facilities with 1,451 total beds across the state. The acquired portfolio featured facilities built from the late 1960s to the late 1970s, with occupancy in the low- to mid-90s. They were previously owned by a third-party real estate owner and an owner/operator that was retiring. A regional owner/operator was the buyer and had a strong existing relationship with Oxford. The transaction closed just 20 days after term sheets were signed. Read More »
Carlton Senior Living Secures Fannie Mae Loan
Aron Will, Andrew Behrens, and Adam Mincberg originated a cash-out, $18.5 million, 10-year fixed loan through CBRE’s Fannie Mae DUS Lending Platform on behalf of Carlton Senior Living for Carlton Senior Living Pleasant Hill – Downtown. The refinance allowed Carlton to reconstitute its original joint venture ownership into a closely held Tenant-in-Common ownership structure. Originally built in 1997, the community features a total of 119 assisted living and 12 memory care units with 24 beds in Pleasant Hill, California. Carlton Senior Living has renovated the community since development. Following a renovation in 2024, the community demonstrated sustained operational performance... Read More »
Florida AL Community Secures Bridge Financing
Berkadia arranged $14.6 million in bridge financing for an assisted living community in New Port Richey, Florida. Managing Directors Ed Williams and Rafael Nobo of Berkadia Seniors Housing & Healthcare secured financing for a Florida-based sponsor and first-time client through Berkadia’s bridge lending program. The 12-month, interest-only loan was used to retire existing debt and return capital to the sponsor for future development. The community was built in 2020 and reached stabilized occupancy within 12 months of opening. Occupancy has remained at or above 95% since that point. Berkadia is expected to close the subsequent HUD refinance by the end of 2025. Read More »
Utah Skilled Nursing Portfolio Secures Financing
Capital Funding Group closed a $93.8 million bridge-to-HUD loan on behalf of a nationally recognized borrower. The deal supported financing for nine skilled nursing facilities comprising 969 beds in Utah. CFG also provided $11 million in accounts receivable financing to support the working capital needs of the portfolio. Tommy Dillion of Capital Funding originated the bridge-to-HUD transaction, and Jeffery Stein of Capital Finance originated the accounts receivable transaction. Read More »Schedule a demo
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