• Brookdale’s Uneven Recovery

    Brookdale Senior Living has been going through some major changes in the last year, so naturally its recovery could be a little uneven, with the hope of more long-term growth and stability. They have a new CEO, COO and a new operational structure, in addition to exiting more than 100 communities in the last year. But the mixed bag of results can... Read More »
  • Two Public REITs Continue Their SHOP Push

    Two public REITs honing in on the seniors housing sphere have announced their first quarter earnings results. LTC Properties reiterated its commitment to seniors housing again, and Janus Living, Healthpeak Properties’ spin-off REIT that debuted in the public markets in March, is already showing momentum. First, after completing seniors housing... Read More »
  • Tennessee Assisted Living Community Sells

    Andrew Montgomery of Montgomery Intermediary Group recently sold an assisted living community in eastern Tennessee. Built in the late 1990s, the building featured more than 40 units, plus some houses on its campus. There was some additional acreage, as well. It was sold by one out-of-state owner to another, but the buyer has another assisted... Read More »
  • SNF Portfolio Trades Following Strong Bidding Environment

    A regional operator looking to recycle capital divested a portfolio of four skilled nursing facilities in Florida. There were a total of 460 functional beds, and they were spread across Rockledge, Naples, Venice and Sarasota. Evans Senior Investments handled the deal.  The portfolio generated approximately $46 million in total annualized... Read More »
  • Class-A Seniors Housing Community Receives Agency Financing

    BWE closed $77 million in fixed-rate, Fannie Mae financing for a Class-A seniors housing community in a major Midwest MSA. The 10-year loan features a full term of interest-only payments. Ryan Stoll and Taylor Mokris led the financing. The community offers a full continuum of care, including independent living, assisted living and memory care.... Read More »

PACS Group, Inc. Leads South Carolina Skilled Nursing Operators

PACS Group, Inc. (NYSE: PACS) has established itself as one of the dominant players in South Carolina’s skilled nursing facility sector, according to the latest Centers for Medicare & Medicaid Services (CMS) data analysis. The company currently operates 19 skilled nursing facilities in South Carolina. Portfolio Overview PACS Group’s nationwide footprint extends well beyond South Carolina, with a total of 181 skilled nursing facilities across nine states, according to the CMS ownership data. California represents the company’s largest market with 118 facilities, followed by South Carolina and Colorado with 19 facilities each [4]. The company maintains a smaller but... Read More »

Estes Family Trusts Lead Alabama Skilled Nursing Market Through NHS Management

Jennifer Lee Estes Tr 031093 and James Norman Estes Jr Tr jointly lead Alabama’s skilled nursing facility sector with 30 facilities each, according to the most recent Centers for Medicare & Medicaid Services (CMS) data from January 2025. These related trusts share ownership interests in 45 facilities across four states, with Alabama representing their strongest market presence. The Estes family operates these facilities through NHS Management, LLC, a company led by J. Norman Estes as President and CEO. Ownership Structure and Portfolio Distribution The Estes trusts maintain primarily indirect ownership stakes in their facilities, with Jennifer Lee Estes Tr 031093 holding 6.25%... Read More »

Pacs Group, Inc.: California’s Dominant Skilled Nursing Provider

Pacs Group, Inc. has established itself as the dominant player in California’s skilled nursing facility (SNF) landscape, operating 118 facilities across the state according to the most recent CMS data from January 2025. Beyond California, the company has strategically expanded into eight additional states, with significant presence in Colorado and South Carolina (19 facilities each), and smaller footprints in Kentucky (7), Ohio (6), Arizona (4), Nevada (4), Missouri (2), and Texas (2). Founded in 2013, Pacs Group has grown into one of the largest post-acute care platforms in the United States, now serving over 22,000 patients daily across 218 healthcare facilities with approximately... Read More »

Estes Trust Leads Alabama Skilled Nursing Market with Multi-State Portfolio

The James Norman Estes Jr Trust is Alabama’s leading skilled nursing facility owner with 30 facilities in the state, according to the most recent Centers for Medicare & Medicaid Services (CMS) data from January 2025 . The trust’s influence extends beyond Alabama, with additional facilities in Arkansas (5), Florida (5), and Missouri (5), bringing its total portfolio to 45 skilled nursing properties. This summary examines the trust’s ownership structure, market position, leadership connections, and the regulatory environment affecting its operations. Ownership Structure and Portfolio The trust maintains minority ownership stakes in its facilities, typically holding... Read More »

Zanziper Family Trust as the Largest SNF Operator in North Carolina

Zanziper Family Trust has established itself as the largest skilled nursing facility operator in North Carolina, controlling 38 facilities across the state according to the latest CMS data from January 2025. This significant presence in North Carolina represents nearly half of the trust’s nationwide portfolio of 82 healthcare facilities. Portfolio Overview and Ownership Structure The trust’s healthcare holdings extend beyond North Carolina, with a presence in Kentucky (20 facilities), Florida (12 facilities), Tennessee (10 facilities), and Virginia (2 facilities). While primarily focused on skilled nursing facilities with 81 properties in this sector, Zanziper Family Trust also... Read More »

Peace Capital Holdings’ Presence in New Jersey Skilled Nursing Market

Peace Capital Holdings LLC (DE) has a particularly strong skilled nursing presence in New Jersey, according to the latest CMS data analysis. Portfolio Overview The Delaware-registered company currently operates 58 skilled nursing facilities across seven states, with New Jersey representing its largest market concentration. With 29 facilities in New Jersey, Peace Capital Holdings shares the position of largest skilled nursing facility owner in the state alongside SMS 2021 Trust, which also owns 29 facilities. Beyond New Jersey, the company has established a significant regional footprint with 10 facilities in Maryland, seven in Connecticut, four in Wisconsin, three each in Pennsylvania and... Read More »