• Joint Venture Acquires Four AL/MC Communities

    Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care... Read More »
  • Another Publicly Traded REIT Joins the M&A Mix

    Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool... Read More »
  • Distressed AL/MC Community Gets New Owner

    Scott Frazier, Kory Buzin and Steve Thomes of Blueprint advised a special servicer in the seniors housing sector on the sale of Spanish Vines, a well-maintained assisted living/memory care community. It sits in a densely populated Pocket-Greenhaven neighborhood of southwest Sacramento, California. The 88-unit community was generating negative... Read More »
  • Underperforming Community Sells and Secures Financing

    A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts,... Read More »
  • Standalone MC Communities Secure Acquisition Financing

    Berkadia recently announced three financings on behalf of three different sponsors. In one of the closings, Steve Muth and Ed Williams arranged $25.8 million in acquisition financing for Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. The bridge financing was provided through Berkadia’s Proprietary Lending... Read More »
Janus Living’s IPO Results

Janus Living’s IPO Results

Janus Living has completed its initial public offering, raising $878 million after deducting the underwriting discount and estimated expenses payable by the company. The REIT sold 48.3 million shares of its Class A-1 common stock at $20 per share, including the full exercise of the underwriters’ 6.3 million-share option. It made its New York Stock Exchange debut March 20 under the ticker “JAN,” with shares trading well out of the gate. The stock opened at $23.50, climbed as high as $23.96 intraday and closed at $23.61. The net proceeds received from the offering are expected to be used to pursue acquisitions and investment opportunities, in addition to general corporate purposes. The... Read More »
Janus Living Goes Public After Upsizing IPO

Janus Living Goes Public After Upsizing IPO

Janus Living, a Healthpeak Properties-formed REIT and now the only publicly traded U.S. REIT fully dedicated to seniors housing with its entire portfolio structured under RIDEA, has launched its initial public offering of Class A-1 common stock. The company is now listed on the NYSE under the ticker “JAN.” It plans to pay a quarterly dividend of $0.1425 per share, or $0.57 annually, representing an approximate 3% yield. The night prior to the IPO, the company upsized the offering to 42 million shares, from 37 million, and priced the deal at the top of its $18 to $20 per share range. At pricing, Janus Living was expected to raise $840 million, up from its previous range of $666 million to... Read More »
State of the Healthcare M&A Market Webinar

State of the Healthcare M&A Market Webinar

LevinPro HC convened a panel of healthcare dealmaking experts to talk about M&A trends across the healthcare services spectrum, valuation metrics, private equity activity and regulatory headwinds. The conversation also covered our latest healthcare M&A statistics. Ben Swett, Managing Editor of LevinPro HC moderated the panel, which included John Tiedmann, Managing Director of Physician Growth Partners, Bill Hoffman, Shareholder of Polsinelli, and Matt Bogle, Managing Director of Intrinsic. Read More »
New 1031 Exchange Platform Launches

New 1031 Exchange Platform Launches

A new 1031 exchange platform designed to provide advisors and their clients with access to institutional-quality real estate investments through Delaware Statutory Trusts has launched. A Fortress Investment Group affiliate, Fortress Real Estate Exchange, will initially target investments in seniors housing, student housing and multifamily properties.  The platform’s goal is to help real estate owners with investment planning objectives, including the deferral of capital gains taxes, diversification of investment strategies and/or real estate exposure, and transition them away from active real property management. The platform also aims to deliver both stable cash flows and the... Read More »
Brookdale’s Portfolio Stumbles in February

Brookdale’s Portfolio Stumbles in February

Brookdale Senior Living reported its February 2026 occupancy numbers, and if the remaining cold weather months even closely resemble what the company has posted so far this winter, they will need to do some serious heavy lifting this summer to progress in its census rebound.  All of its reported occupancy figures, including consolidated and same-community weighted average and month-end occupancy, posted year-over-year increases, but each also reported declines in recent months. Focusing on its same-community portfolio for now, February’s weighted average occupancy came in at 82.6%, a 160-basis-point increase year over year, but it has now declined for four consecutive months, dropping... Read More »
National Health Investors Reports Its Most Active Year

National Health Investors Reports Its Most Active Year

National Health Investors released its fourth-quarter and full-year 2025 results, and it made significant strides in 2025. The REIT completed $392.4 million in investments, marking its most active year yet. Its SHOP portfolio expanded from 15 communities to 26 during the year, and has kept the momentum going into 2026. So far this year, the company has announced that it purchased nine assisted living communities with 460 units across Kentucky, South Carolina and Tennessee. The portfolio was acquired for $104.5 million, or $227,200 per unit, excluding closing costs. This represents the company’s largest SHOP acquisition to date, and brings its total SHOP investments to $740 million.... Read More »