• Land & Buildings Targets National Health Investors

    by | Apr 11, 2025 2:48 pm | Opinion

    It seems to be the season for activist investors not happy with investment values, but these days, who is happy unless you shorted the entire market on March 31? In addition to what is happening with Brookdale Senior Living, Land & Buildings, no stranger to the senior care industry, has put forward a few board candidates for National Health... Read More »

  • Skyline Healthcare Update

    by | Apr 11, 2025 2:47 pm | Opinion

    Skyline Healthcare’s Joseph Schwartz finally was sentenced for his crimes against the U.S., his employees and his residents. It seems, however, that the punishment does not fit the crime. Sentenced to three years in prison followed by three years of supervised release, plus a $100,000 fine, just does not seem to be enough for what he did. We have... Read More »

  • CreativCap Closes Two Financings

    by | Apr 11, 2025 2:45 pm | Financings

    CreativCap secured debt for two clients, including a bridge loan and a lifeco refinance. The $53 million bridge loan was closed on behalf of a new client, Inspired Living, and facilitated the refinancing of two assisted living/memory care communities. Each community consisted of 127 units (81 AL and 46 MC), with one located in Florida and the... Read More »

  • CIBC Refinances Improving AL Community

    by | Apr 11, 2025 2:44 pm | Financings

    CIBC Bank USA provided a $17.5 million term loan to refinance a 67-unit assisted living community in Oregon. The community has been operated by the owner for over a year, and it caters towards residents with behavioral needs. Performance has trended well over the last 12 months through occupancy improvements (75% in Q4:23 to over 90% currently)... Read More »

  • Greystone Provides Bridge Financing

    by | Apr 11, 2025 2:43 pm | Acquisitions, Financings

    Greystone provided $40.5 million in bridge financing to Kalesta Healthcare Group for the acquisition and refinance of two skilled nursing facilities with 219 beds in Menlo Park and Los Banos, California. The interest-only, non-recourse bridge loan carries a 24-month term with two six-month extension options, enabling Kalesta to complete the... Read More »
NewPoint’s New Way Forward with CEO Nick Gesue

NewPoint’s New Way Forward with CEO Nick Gesue

by | Sep 6, 2024 3:33 pm | Interviews

NewPoint Real Estate Capital announced its strategic integration of the Alder View Capital (SVC) team into its platform. The move came on the heels of NewPoint’s appointment of AVC’s founder and CEO, Nick Gesue, as CEO of NewPoint itself. AVC’s Kevin Laidlaw and Cal Masterson will be joining Gesue at NewPoint, as well, adding to NewPoint’s deep bench of expertise. The combination will position NewPoint as a leading provider of borrower-centric capital solutions to the senior housing and care sector, in addition to the broader multifamily and residential housing sector. And the NewPoint platform provides AVC clients with access to a suite of lending options, including agency (Fannie Mae and... Read More »
Has There Been Any Progress on Labor?

Has There Been Any Progress on Labor?

by | Jul 21, 2023 9:22 am | Developments, Interviews, Opinion

What has changed with labor in the senior care industry over the last two years? Back in October 2021, LevinPro LTC hosted a webinar discussing the senior care industry’s staffing shortages with CEO of Dwyer Workforce Development, Barb Clapp, and Steve LaForte of Cascadia Healthcare. Those interested in watching Finding It, Retention & Coping with Higher Wages can find the replay link here. Two years later, with the same panelists, Managing Editor Ben Swett hosted Has There Been Any Progress on Labor?, detailing the industry’s path towards labor stabilization, what has gone right, and what still needs to be done. Clapp and LaForte discuss how staffing issues have altered since 2021,... Read More »