• Ensign Acquires Iowa Skilled Nursing Facility

    Nick Cacciabando and Ryan Saul of Senior Living Investment Brokerage helped an industry veteran in Iowa sell his last solely-owned senior care facility, finding a publicly traded buyer in the process. The facility in question was Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa, about one hour southeast of Des... Read More »
  • Investor Group Enters the Seniors Sector Through Idaho Purchase

    An assisted living/memory care community in Twin Falls, Idaho, traded with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. The campus opened in 1989 with an eight-unit building, and added two 15-unit buildings in 2009 and 2015, respectively. Some units were added to each building in 2023 and 2024, and... Read More »
  • Value-Add Owner/Operator Grows in Texas

    Amy Sitzman, Giancarlo Riso, Connor Doherty and Ryan Kelly of Blueprint got a seniors housing deal across the finish line in Odessa, Texas. Built in 2013 as part of an expansion to an adjacent CCRC, the building has 67 assisted living and memory care units. It had gone through multiple operator changes over the years. The deal was marketed as an... Read More »
  • Seller Divests Its Only Out-Of-State Asset

    Senwell Senior Investment Advisors facilitated the successful sale of a 100-bed skilled nursing facility in Pennsylvania. Built in 1987, the facility was developed by an Ohio-based operator as part of a broader growth initiative. Its occupancy rate was consistently strong, often exceeding 95%. It was the seller’s only out-of-state asset, leading... Read More »
  • Joint Venture Adds to Its Seniors Housing Footprint 

    Foundry Commercial and funds managed by affiliates of Fortress Investment Group acquired the RoseWood Village Assisted Living and Memory Care communities in Charlottesville, Virginia. The two communities, RoseWood Village at Greenbrier and RoseWood Village at Hollymead, will be operated by Foundry Commercial’s management company, Allegro Living,... Read More »
NHC Responds to NHI

NHC Responds to NHI

National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of Default.   NHI notified NHC on July 29 that it was not in compliance with four non-monetary provisions of the master lease and requested it come into compliance by August 29. On August 15, the tenant responded to the landlord stating it believes it was in compliance and requests clarifying information to address alleged potential... Read More »
PACS Gets Trading Period Extension

PACS Gets Trading Period Extension

PACS Group is trying to right the ship as it works to restate its prior financial statements amid an investigation into its Medicare billing practices, and return to providing regular quarterly earnings statements. The New York Stock Exchange Listing Operations Committee did agree to provide PACS with an additional trading period through November 19, 2025, subject to its own ongoing review of the company. PACS is currently working to complete the previously announced restatement of its financial statements for the three months ended March 31, 2024, and the three and six months ended June 30, 2024. It has not submitted earnings reports since the second quarter of 2024.  PACS provided a... Read More »
National Health Investors Sends Default Notice to NHC

National Health Investors Sends Default Notice to NHC

National Health Investors is addressing violations under its longstanding lease agreement with one of its largest tenants, National HealthCare Corporation. In July, NHI notified NHC/OP, L.P., an affiliate of National HealthCare Corporation and the tenant of 32 of NHI’s skilled nursing/senior care facilities and three independent living communities, that it was in non-compliance with several non-monetary provisions of their master lease, which dates back to October 17, 1991, and is set to expire in December 2026.  National HealthCare Corporation was given until August 29 to fix the issues, and when it failed to do so, NHI sent a formal notice on September 8 stating the tenant was in... Read More »
Gallaher Companies Launches Management Company

Gallaher Companies Launches Management Company

Gallaher Companies, which has decades of experience in seniors housing design and development, launched Gallaher Signature Living, a management company that will oversee operations for the company’s growing portfolio of California seniors housing communities. Page Ensor has been appointed as Chief Executive Officer, bringing more than 25 years of senior care leadership, including oversight of 70 communities across four states during her tenure with Brookdale Senior Living as the Vice President of Operations. Let’s hope she employs the new Brookdale strategy, which is working better than the one under the Cindy Baier regime. We wish her luck in her new venture.  Gallaher Companies is... Read More »
Brookdale’s Occupancy Keeps Improving

Brookdale’s Occupancy Keeps Improving

It is a shame that Brookdale Senior Living did not do two years ago what it has been doing for the past nine months or so. Weighted average occupancy in August 2025 was 81.8%, up 70 basis points sequentially. This was the seventh month in a row the company posted an increase. Month-end occupancy in August was 83.2%, up 60 basis points sequentially and up 280 basis points from a year ago. That represents the ninth month in a row of an increase. The proof will be in the third quarter results and whether these increases are profitable or just increases in census for the sake of growth. It will all depend on the level of discounting as well as expense control. Time will tell. Read More »
National Health Investors Sends Default Notice to NHC

PACS CFO Resigns

PACS Group saw another potential setback to its public image, announcing that its CFO Derick Apt resigned on September 2 after it was determined that he had accepted a series of high-value items from individuals associated with a group of related entities with which PACS does business. The company was in the middle of its previously disclosed investigation into Medicare billing discrepancies in mid-July 2025 when the Audit Committee of the company’s board of directors became aware of the allegations against Apt.  Based upon the results of an immediate investigation that was launched, the Committee made interim findings that Apt’s receipt of these items of value violated company... Read More »