The Virginian Facility Identified in LevinPro M&A Deal Database
The Virginian 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 9229 Arlington Blvd in Fairfax, Virginia. It was incorporated on December 7, 2018. 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 The Virginian 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 subscription... Read More »The Village at Victory Lakes’ M&A Activity Highlighted in LevinPro Database
The Village at Victory Lakes has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a not for profit skilled nursing facility situated at 1055e Grand Ave in Lindenhurst, Illinois. It was incorporated on February 27, 1940. 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 The Village at Victory Lakes in its deal database, which is available to subscribers. LevinPro has a comprehensive understanding of the market dynamics and offers detailed insights into thousands of M&A deals, especially... Read More »Pearl At The Tillers: A Merger or Acquisition Highlight in LevinPro Database
Pearl At The Tillers 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 4390 Route 71 in Oswego, Illinois. 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 Pearl At The Tillers 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 subscription options, visit... Read More »
60 Seconds with Swett: Kamala Proposes Medicare Coverage of In-Home Senior Care
We are getting down to the wire in the 2024 presidential election, and the grasping for new groups of constituents is getting more intense. To appeal to the “sandwich generation,” or those middle-aged people that are simultaneously caring for their children and for their aging parents, Kamala Harris is now proposing a new Medicare benefit for in-home eldercare. As if we haven’t had enough politicization of long-term care from politicians this year. The proposal would cover long-term home care services, including health aides. Right now, Medicare only covers certain home health services with restrictions on hours of care per day and per week, and it does not cover 24-hour care at home like... Read More »
Large Florida CCRC Secures Bond Financing
Ziegler announced the closing of the Series 2024C bonds for The Christian and Missionary Alliance Foundation, d/b/a Shell Point Retirement Community. Shell Point currently comprises 1,334 independent living units, 356 assisted living units and 180 skilled nursing beds on 700 acres in Fort Myers, Florida, across seven neighborhoods: The Island, Palm Acres, The Woodlands, Eagles Preserve, The Enclave, The Estuary and Waterside. Shell Point will use the proceeds of the Series 2024C bonds, together with other funds, to construct a “Town Center” for the community in the Island neighborhood. It will be used to house Shell Point’s administration building and its current Island amenities, as... Read More »
National Healthcare System Exiting Industry
Evans Senior Investments facilitated the sale of a seniors housing community in the Dallas-Fort Worth, Texas MSA, on behalf of a national healthcare system exiting the industry. The buyer was a regional owner/operator with an existing footprint in Texas. Built in 2013 and expanded in 2019, Three Forks Senior Living of Forney comprises 60 assisted living and 20 memory care units in Forney, Texas. At the time of marketing, the community was 65% occupied, entirely private pay and generated $2.89 million in annual revenue. However, it faced several operational challenges that resulted in a low NOI. Read More »
PGIM Acquires Class-A Community in Florida
Berkadia announced the sale and financing of a Class-A seniors housing community in the Orlando, Florida MSA, Oakmonte Village at Lake Mary. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers represented the seller while Austin Sacco and Steven Muth handled the mortgage banking advisory services. The transaction closed in September. The buyer was a joint venture between PGIM Real Estate and Grand Living. Built in phases between 2009 and 2015, Oakmonte Village comprises 351 independent living, assisted living and memory care units in Lake Mary, Florida. The community sits on 25 acres and spans across one three-story IL building, one three-story AL building, one single-story MC... Read More »
VIUM Capital Secures Second Securitization
VIUM Capital and its joint venture partner Merchants Capital have closed on their second securitization of healthcare commercial real estate bridge loans. The $630 million securitization pool comprises loans that were originated by VIUM and underwritten and closed on the balance sheet of Merchant’s parent, Merchants Bank of Indiana, within the past 16 months. The 21 loans are collateralized by 74 properties across 15 states, including independent living, assisted living, memory care and skilled nursing facilities, and did not see interest rates or terms affected by the securitization. They also have a weighted average loan-to-value ratio of 69% and a weighted average debt yield above... Read More »
Two Texas SNFs Trade
Matthew Alley of Senior Living Investment Brokerage closed the sale of two skilled nursing facilities in Texas. Located 10 miles from each other in Daingerfield and Hughes Springs, the facilities total 175 beds and were previously owned by a local independent owner/operator that is selling its only senior care assets. They were each more than 50 years old. Occupancy was around 60%, and the facilities were operating just under breakeven on approximately $8.35 million of revenues. Both facilities were also enrolled in QIPP which provides for additional revenue not already in the financials. An owner/operator of several facilities in Texas emerged as the buyer, with plans to take... Read More »
Lument Hires Chris Cain
Chris Cain has made the move from Berkadia to Lument, joining the firm as a managing director focused on origination efforts from seniors housing and healthcare clients throughout the United States. Based in Dallas, Texas, he will report to Aaron Becker, senior managing director and head of seniors housing and healthcare production at Lument. Since 2011, Cain has originated over $6 billion in construction, term, and permanent debt. Besides Berkadia, he previously held roles with Commerce Bank and BBVA. Keller Augusta arranged the placement. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
