• Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing

    Genesis HealthCare has filed for Chapter 11 bankruptcy protection, listing its 298 affiliated holding companies, ancillary businesses and insurance vehicles in its submission to the U.S. Bankruptcy Court for the Northern District of Texas Dallas Division. It is one of the largest skilled nursing operators in the country and operates 218... Read More »
  • Cindat Capital Management Invests in Colorado Community

    Cindat Capital Management, a middle-market real estate private equity platform focused on seniors housing and opportunistic investments, announced its first investment from its Senior Housing Credit Platform. It was a unitranche debt investment in The Pearl at Boulder Creak, a 116-unit, Class-A independent living and assisted living community... Read More »
  • MedCore Divests to Publicly Traded Healthcare REIT

    Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12... Read More »
  • Forbright Bank’s H1 Activity

    Forbright Bank reported its activity for the first half of the year from its healthcare and HUD lending teams, announcing more than $500 million in loans closed for acquisitions, recapitalizations, working capital, and HUD financings for healthcare providers across the country. One of the largest transactions was a $60 million revolving loan to... Read More »
  • Large SNF Portfolio Secures Financing

    MONTICELLOAM, LLC announced the closing of $218.3 million in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the... Read More »
Cushman & Wakefield Adds Jandris and Gardner

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 »
Meridian Brings On New Senior Managing Director

Meridian Brings On New Senior Managing Director

Meridian Capital Group announced that Amy Heller has joined the firm’s seniors housing and healthcare group as a Senior Managing Director focusing on healthcare related debt brokerage. Heller will support the strengthening of Meridian’s seniors housing and healthcare group, overseeing the development of new and innovative solutions for clients across the firm’s advisory and underwriting capabilities.  Heller is an industry veteran with more than two decades of experience in healthcare finance. She founded and served as President and co-Chief Lending Officer of the Healthcare and Housing and Urban Development (HUD) lending divisions at Forbright Bank, where she built and led teams... Read More »
Cushman & Wakefield Adds Jandris and Gardner

Clearwater Welcomes New CEO

Clearwater Living announced that Danielle Morgan has been promoted to CEO. As Clearwater approaches 20 seniors housing communities under management, Morgan will assume an overall leadership role overseeing the expansion of its operations, including strategic initiatives, growth opportunities and maintaining culture.  With more than 30 years of experience, Morgan is an experienced leader in the financial services and senior living industries. Since joining Clearwater in 2017, Morgan has worked to help provide strategic leadership and implement long-term growth strategies. Before joining Clearwater, Morgan served as chief operations officer of MBK Senior Living for 10 years. ... Read More »
Cushman & Wakefield Adds Jandris and Gardner

Solinity’s Recent Announcement

Solinity, a seniors housing developer, named William H. Holly and John Moore as Partners in Development to spearhead investor relations in the growth of the company’s development and acquisition pipeline. Solinity has a $300 million pipeline for new development and community acquisitions in the southeastern United States for expansion in 2025. Josh Crisp, Founder and CEO, is the visionary of the development pipeline, which includes plans for multigenerational and mixed use age friendly communities designed to meet the needs of the aging population. With over three decades of industry experience, and a native of Coral Gables, Holly began his career with the Codina Bush Group before holding... Read More »
Ikaria Formalizing CareTrust REIT Relationship

Ikaria Formalizing CareTrust REIT Relationship

Newly formed Ikaria Capital Group is formalizing an arrangement with CareTrust REIT to provide capital to the seniors housing and nursing home sector. The Ikaria team, which is led by White Oak Healthcare Partners alums Jason Dopoulos and Ken Gould, has worked with CareTrust on several debt transactions since 2022, and this marks a continuation of that relationship. The Ikaria team will also continue to provide debt origination, underwriting, and asset management services.  CareTrust’s investment priority will still be on acquiring real estate through accretive transactions but will look to add to its debt investments, which can offer attractive yields. The REIT closed approximately... Read More »
Meridian Brings On New Senior Managing Director

Grace Management’s Recent Updates

Grace Management, which currently operates 70 communities in 22 states, announced the promotion of Brian Storey to President, effective March 1. This transition follows the company’s leadership succession plan, as Storey steps into the role previously held by Guy Geller, who was promoted to Chief Executive Officer on January 1. As part of the structured transition, Michal Penek has been promoted to Senior Vice President of Operations to backfill Storey’s previous role. Storey joined Grace Management in 2015 and has held key roles across every level of the organization throughout his tenure, demonstrating leadership in operations, strategic development, transitions, turnaround execution and... Read More »