• National Real Estate Investment Group Acquires 24-Property Portfolio

    by | Jun 6, 2025 3:27 pm | Financings

    Ikaria Capital Group announced the successful funding of a $270 million term loan and $30 million preferred equity investment for a national private healthcare real estate investment group to support the acquisition of a 24-property skilled nursing and seniors housing portfolio located in the Pacific Northwest. First Citizens Bank led the bank... Read More »

  • The Zett Group Sells Idaho Portfolio

    by | Jun 6, 2025 3:26 pm | Acquisitions

    A trio of small, well-performing assisted living communities in rural Idaho sold with the help of Blake Bozett and Spud Batt of The Zett Group. The pair represented a mom & pop who were looking to retire after nearly 25 years of operating. Terri and Carl Pendleton built the first 16-unit assisted living community in Gooding, Idaho, and added... Read More »

  • JV Buyer Acquires Two Communities From Separate Sellers

    by | Jun 6, 2025 3:25 pm | Acquisitions

    Helios Healthcare Advisors structured the sale and arranged joint venture equity for the acquisition of two assisted living/memory care communities in Alabama on behalf of separate sellers. Helios was initially engaged by the Episcopal Diocese of the Central Gulf Coast to identify a buyer that would preserve the legacy of Murray House Assisted... Read More »

  • Detroit Redevelopment Sees Senior Apartment Conversion

    by | Jun 6, 2025 3:23 pm | Financings

    KeyBank Community Development Lending and Investment provided $43.6 million in construction loans and arranged $7.6 million in permanent loans for the acquisition and rehabilitation of Lee Plaza in Detroit, Michigan. The 15-story, Art Deco historical landmark will be converted to affordable senior apartments. The building will include a total of... Read More »

  • Montana Not-For-Profit Secures Bond Financing

    by | Jun 6, 2025 3:22 pm | Financings

    Ziegler announced the closing of Immanuel Living at Buffalo Hill’s $50.88 million Series 2025ABC bonds through the City of Kalispell, Montana. The Montana not-for-profit operates a senior care community in Kalispell, Montana, that is located on a 13-acre campus with 171 independent and assisted living units as well as 155 licensed skilled nursing... Read More »

GPN Family Trust Emerges as Major SNF Owner in Midwest

by | Feb 7, 2025 12:24 pm | Owner Snapshots

“GPN Family Trust U/A/D 04/28/08” has established itself as a significant player in the skilled nursing facility (SNF) sector across three Midwest states, with a particularly strong presence in Illinois and South Dakota, according to the latest CMS data. Portfolio Overview The trust currently owns 62 skilled nursing facilities across three states. Illinois represents the largest concentration with 42 facilities, followed by South Dakota with 14 facilities, and Iowa with 6 facilities. GPN Family Trust is one of the top owners of skilled nursing facilities in South Dakota, where it ties with other major owners including Doros Generation Trust U/A/D 1/3/12 and Legacy Healthcare... Read More »

Prestige Care Dominates Oregon’s Skilled Nursing Market with 18 Facilities

by | Feb 7, 2025 10:50 am | Owner Snapshots

Prestige Care Inc. has established itself as the dominant player in Oregon’s skilled nursing facility sector, affiliated with 18 facilities across the state, according to the latest CMS data. Market Leadership Position According to the latest Centers for Medicare & Medicaid Services (CMS) data, Prestige Care Inc. is affiliated with the largest number of skilled nursing facilities in Oregon, significantly outpacing competitors in the region. The family-owned company has built a substantial footprint across the Western United States, with a total portfolio of 32 skilled nursing facilities spanning five states. Geographic Distribution The company’s focus on the Pacific... Read More »

Life Care Centers of America Maintains Strong Foothold in Washington’s Skilled Nursing Market

by | Feb 6, 2025 12:26 pm | Owner Snapshots

Market Position Life Care Centers of America, Inc. has established itself as a dominant player in Washington’s skilled nursing sector, tying for the position of largest owner with 15 facilities in the state. This places Washington among the company’s top three states by facility count, alongside Tennessee (26) and Colorado (22). The Cleveland, Tennessee-based company maintains a substantial national presence with 192 skilled nursing facilities across 27 states, according to the most recent CMS data. Their strongest regional concentrations include Tennessee, Colorado, Florida, Massachusetts, and Washington. Ownership Structure Founded in 1970 by Forrest Preston, Life Care... Read More »

Hurlbut Health: New York’s Largest Skilled Nursing Operator

by | Feb 5, 2025 11:23 am | Owner Snapshots

Hurlbut Health Consulting, LLC has established itself as the largest operator of skilled nursing facilities in New York State, according to the latest Centers for Medicare & Medicaid Services (CMS) data. The company maintains 100% ownership in five of its nine facilities. Portfolio Overview The company’s portfolio consists of nine facilities across New York State: Avon Nursing Home, LLC Hamilton Manor Nursing Home LLC Latta Road Nursing Home East, LLC Latta Road Nursing Home West LLC Newark Manor Nursing Home Seneca Nursing And Rehabilitation The Brightonian, Inc. The Hurlbut, LLC The Shore Winds, LLC Leadership and Legacy The company continues the Hurlbut family’s... Read More »

Pennant Healthcare Dominates Washington’s Skilled Nursing Market with 15 Facilities

by | Feb 4, 2025 12:26 pm | Owner Snapshots

The Pennant Group, Inc. (NASDAQ: PNTG) subsidiary Pennant Healthcare, LLC has established itself as a leading player in Washington’s skilled nursing sector, according to the latest CMS data analysis. Market Leadership Pennant Healthcare, LLC has emerged as one of the largest skilled nursing facility operators in Washington State, with 15 facilities under its management, according to ownership data from CMS. This positions the company as a top player in the region, sharing the top spot with Life Care Centers of America, Inc., which also operates 15 facilities in the state. Portfolio Overview Beyond Washington, Pennant Healthcare maintains a significant presence in Idaho with 11... Read More »