• Healthcare REIT Divests SNF to In-Place Operating Partner

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »
  • Near-Stabilized AL/MC Community Lands Refinance

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »
  • Record-Setting HUD Express Lane Application to Commitment

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »
  • Large Healthcare Owner Receives Financing

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »
  • Out-of-State Owner Divests to Investor

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
Brookdale Shares Hit Seven-Year High

Brookdale Shares Hit Seven-Year High

Brookdale Senior Living has posted occupancy increases for several consecutive months. The operator has lagged behind the industry for a decade now, so it is about time.  Weighted average occupancy has increased each month since January, beginning at 79.2% and reaching 82.5% in September. The third quarter’s average of 81.8% is up 290 basis points year-over-year, and 170 basis points sequentially. Same-community weighted average occupancy of 82.7% increased 270 basis points year over year, and 40 basis points sequentially. Third quarter same community occupancy of 82.3% increased 260 basis points year over year, and 150 basis points sequentially, reflecting the highest sequential... Read More »
Brookdale Hires New CEO

Brookdale Hires New CEO

Six months after its CEO Cindy Baier exited the firm, Brookdale Senior Living has announced its new CEO. Nick Stengle will take the job, effective October 6, coming from Gentiva, a major home health & hospice provider where he was president and COO. He has some seniors housing experience, too, working as EVP and COO at Sunrise Senior Living for one year prior to his time at Gentiva. He led community operations, sales, marketing and clinical operations for around 250 Sunrise communities at the time.  Stengle also has experience at TPG Capital, HMSHost International, Marriott International and Boston Consulting Group, in addition to serving 11 years in the U.S. Air Force. While in... Read More »

Sunview Respiratory and Rehabilitation Joins Activity Profiled in LevinPro Database

Sunview Respiratory and Rehabilitation, a Medicare-licensed private skilled nursing facility situated at 12207 N 113th Ave in Youngtown, Arizona, has been linked to a merger or acquisition. The facility was incorporated on October 28, 2009. LevinPro, which tracks mergers and acquisitions across more than a dozen healthcare sectors from hospitals and home health services to medical real estate and biopharma, has featured this transaction involving Sunview Respiratory and Rehabilitation in its comprehensive deal database. This resource is specifically curated for its subscribers, offering them information on the latest developments in healthcare M&A. Throughout its history, LevinPro has... Read More »

Ignite Medical Resort Crown Point LLC Profiled in M&A Activity in LevinPro Database

Ignite Medical Resort Crown Point LLC has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 1555 S Main St in Crown Point, Indiana. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Ignite Medical Resort Crown Point LLC in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for information on... Read More »

Harlem Center for Nursing and Rehabilitation Involved in M&A Deal in LevinPro Database

Harlem Center for Nursing and Rehabilitation has been linked to a merger or acquisition as reported in the LevinPro M&A deal database. Situated at 30 W 138th St in New York, New York, this Medicare-licensed private skilled nursing facility was incorporated on June 7, 2018. LevinPro, known for tracking mergers and acquisitions across more than a dozen healthcare sectors including hospitals, home health, medical real estate, and biopharma, has featured the transaction involving Harlem Center for Nursing and Rehabilitation in its deal database, available exclusively to subscribers here. With a history of tracking thousands of deals in the skilled nursing facility sector, LevinPro offers... Read More »