• NHI and National HealthCare Corporation Ending Master Lease

    In a move to concentrate its portfolio on private pay seniors housing, National Health Investors divested a large skilled nursing portfolio for $560 million, before estimated transaction costs between $6 million and $8 million. The buyer was the current lessee, National HealthCare Corporation, whose legacy master lease was established in 1991 and... Read More »
  • Seniors Housing Communities Sell in Southwest Florida

    Berkadia has announced a couple of closings in southwest Florida. First, Brooks Minford headed to the Tampa, Florida area to sell a 138-unit assisted living/memory care community on behalf of a local developer that was looking to exit the seniors housing business. They had built Tessera of Brandon in 2017 to feature a mix of 98 assisted living... Read More »
  • Global Investment Firm Re-Enters the Senior Care Industry

    Global alternative investment firm Investcorp has re-entered the seniors housing sphere after its exit in 2008. The company has acquired three communities in Massachusetts, California, and New York, all within a short period.  The Massachusetts community is in Boston, and it offers both independent living and affordable seniors housing... Read More »
  • Investor Enters Seniors Housing Sector

    Stone Brook Assisted Living in the Dallas, Texas MSA, has traded hands from a single-community owner/operator to a regionally-based investor. The seller was looking to enter retirement, and the investor wanted to make their first investment in the seniors housing space. Both seller and buyer agreed to pause the process in Fall 2025 to allow the... Read More »
  • Public Company Divests in Arizona

    A publicly traded company focused on seniors housing recently divested a community in Mesa, Arizona. The asset features 68 assisted living and memory care units, and offered meaningful upside potential. Amy Sitzman, Kyle Hallion and Jake Rice of Blueprint handled the deal, which saw a competitive process with multiple offers from groups looking... Read More »
Not-for-Profit Selects New President and CEO

Not-for-Profit Selects New President and CEO

Sloan Bentley has been selected to serve as President and Chief Executive Officer of Pacific Retirement Services (PRS), a not-for-profit senior living organization based in Medford, Oregon. Bentley’s effective start date will be determined based on the closing of a financial restructuring for her current employer. She has a 40-plus year career in senior living, with extensive experience in the CCRC world. She cofounded Seniority Inc., a wholly owned subsidiary of American Baptist Homes of the West, where for nearly 20 years she provided management, sales and marketing consultation to organizations nationwide. Bentley has held positions of leadership within growing senior living... Read More »
Not-for-Profit Selects New President and CEO

Blueprint Brings on New Team Member

Blueprint welcomed Peter Trazzera to the team as Senior Director, Capital Markets. Trazzera brings deep expertise in financing solutions and is set to further elevate Blueprint’s capabilities in the sector. He has an extensive background in institutional capital, and is joining following a 12-year tenure as Senior Vice President at KeyBank Institutional Healthcare. During his time at KeyBank, he was involved in providing more than $6 billion of capital in both corporate and project-level financings for REITs, private equity and institutional investors. Prior to KeyBank, Trazzera held senior analytical and strategic roles at Minto Group, Brookdale Senior Living and Horizon Bay... Read More »
National Healthcare Properties Kicks Off IPO Push

National Healthcare Properties Kicks Off IPO Push

National Healthcare Properties, Inc. launched its public offering of 38.5 million shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the SEC. The initial public offering price is expected to be between $13.00 and $16.00 per share, and the company expects to grant the underwriters a 30-day option to purchase up to an additional 5.775 million shares to cover overallotments, if any. It applied to list its Class A common stock on Nasdaq under the ticker “NHP.” National Healthcare Properties intends to use the net proceeds received from the offering to repay approximately $186.0 million of outstanding indebtedness under its revolving credit facility,... Read More »
Brookdale’s Summer Test Ahead

Brookdale’s Summer Test Ahead

Brookdale Senior Living reported its March occupancy results, and it unfortunately took another step in the wrong direction. We will get a better read when peers report first-quarter results and when NIC MAP releases its next tranche of occupancy data, but at this point, it seems as though Brookdale will need a particularly strong performance during the peak leasing months to show any real momentum, or even hold steady, in 2026.  Same-community weighted average occupancy has now declined each month since October, falling 120 basis points over that stretch. Same-community month-end occupancy did not come in much better, down 100 basis points over the same time period. Brookdale pointed... Read More »
Another Senior Care REIT Files for IPO

Another Senior Care REIT Files for IPO

Another senior care REIT is eyeing the public markets after filing a registration statement with the SEC for a proposed offering of Class A common stock. National Healthcare Properties’ offering remains subject to market conditions and other customary conditions, and the number of shares and pricing range have not yet been determined. And if completed, the company expects to list on the NASDAQ under the symbol “NHP.”  The filing comes shortly after Janus Living completed its IPO at the end of March. While National Healthcare Properties is not solely focused on seniors housing like Janus Living, it represents another signal of confidence in the sector’s long-term fundamentals. And it throws... Read More »
ESI Adds Capital Markets & Debt Advisory Team

ESI Adds Capital Markets & Debt Advisory Team

Evans Senior Investments has expanded its platform to now include a dedicated Capital Markets & Debt Advisory team to source debt solutions for its clients. Complementary to its brokerage/investment sales services and benefitting from Evans’ robust lender network, the new platform will facilitate acquisition financings, refinancings, recapitalizations, working capital and portfolio-level financings.  Director Hank Fuller and Senior Capital Associate Jeremy Laboe will lead the capital markets practice. The team brings direct relationships with more than 500 capital sources across banks, debt funds and agency platforms, and they will utilize Evans’ proprietary transaction database... Read More »