• Land & Buildings Targets National Health Investors

    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

    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

    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

    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

    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 »
California and Illinois Turnkey Communities Are Up for Bid

California and Illinois Turnkey Communities Are Up for Bid

Hilco Real Estate announced June 12 as the bid deadline for two assisted living communities, The Courte at Citrus Heights (Citrus Heights, California) and The Landing on Dundee (Wheeling, Illinois). Each community is being sold individually. Bids must be received on or before the deadline of June 12 at 5:00 pm (CT) and must be submitted on the LOI available for review and download from Hilco’s website.  Built in 2016 and zoned Restricted Density Multiple Dwelling, The Courte features 48 memory care units with an occupancy rate of 87%. The community is in a region with a robust healthcare network, as healthcare and social assistance account for 13.7% of Sacramento’s workforce. It is... Read More »
Silverado Welcomes New CEO

Silverado Welcomes New CEO

Silverado announced the appointment of Wayne Sanner as Chief Executive Officer Designate, effective April 28. Sanner will work closely with Co-Founder and current CEO, Loren Shook, as he transitions to the new position. With over two decades of executive leadership in senior living and skilled nursing operations, Sanner brings a proven track record of excellence in scaling multi-side healthcare organizations, improving patient outcomes and fostering purpose-driven cultures.  Most recently, Sanner served as Chief Operating Officer of Prestige Healthcare, where he oversaw 80 SNFs caring for 7,000 residents across five states and led a team of more than 10,000 members. Sanner’s... Read More »

New Fund Enters Seniors Housing Space

Franklin Templeton and its specialist investment manager, Clarion Partners, announced Clarion Partners Real Estate Income Fund’s entry into the seniors housing sector through a debt investment in The Pearl at Boulder Creek, a seniors housing community with 116 independent living and assisted living units in Boulder, Colorado. CPREX is a closed-end tender offer fund that provides individual investors with access to institutional-quality private real estate through stable, well-leased, cash flow-producing properties across the U.S. Read More »
Sabra’s CIO Retires

Sabra’s CIO Retires

Sabra Health Care REIT announced that Talya Nevo-Hacohen, Sabra’s Chief Investment Officer, Treasurer and Executive Vice President, will be retiring effective December 31. Nevo-Hacohen helped build Sabra into a $6.5 billion enterprise with 399 investments from a newly formed REIT with 86 properties leased to a single tenant. Nevo-Hacohen is expected to remain in a consulting role with Sabra pursuant to a two-year consulting arrangement.  Darrin Smith, Sabra’s Executive Vice President, Investments, is expected to take on the role of Sabra’s CIO effective January 1, 2026. Smith has over 30 years of real estate experience, and has been with Sabra for five years. A seamless transition is... Read More »
Silverado Welcomes New CEO

Cushman & Wakefield Adds Jandris and Gardner

There was some buzz at the NIC Spring Conference about a certain dealmaking duo that have closed $15 billion in their careers jumping from one brokerage firm to another, and the news has now come out that Josh Jandris and Brett Gardner have both made the move from Walker & Dunlop to Cushman & Wakefield. They join Florida-based Jason Skalko, who was hired as a Managing Director at C&W in early 2024 to revive the senior care investment sales business after the exodus of its seniors housing team to JLL in 2023. Jandris and Gardner will each serve as Vice Chair in the Chicago office and will represent institutional and private-capital investors in dispositions across the continuum... Read More »
EF Senior Care Expands its Footprint

EF Senior Care Expands its Footprint

EF Senior Care, an owner/operator based in Plymouth, Massachusetts, grew its long-term care portfolio this month, having acquired the operations of a senior care campus in Lawrence, Massachusetts. Built in 1895, Berkeley Retirement Home comprises 44 skilled nursing and independent living beds. Berkeley Retirement Home represents EF Senior Care’s fourth management contract in the past year, and brings its beds under management to nearly 500. Read More »