Seniors Housing and Care M&A Activity Remains Strong Through Q3:25, Suggesting Another Potential Record Year
The number of publicly announced seniors housing and care acquisitions in the third quarter of 2025 totaled 205 deals, based on new acquisition data from LevinPro LTC. This represents a 13% increase from the 182 transactions disclosed in the second quarter of 2025 as well as from the 182 deals in Q3:24. Additionally, the $3.47 billion spent on Q3:25 transactions fell by 36% from the $5.42 billion spent on Q2:25 transactions, and rose by 14% from the $3.05 billion spent in the year-ago third quarter, based on disclosed prices. Publicly announced acquisitions were fairly evenly distributed across the quarter, with July and August each recording 66 transactions and September contributing 72.... Read More »
REIT Acquires Full-Continuum Community
Amy Sitzman and Giancarlo Riso of Blueprint facilitated the sale of a full continuum, Class-A asset in North Ogden, Utah. Opened in 2019, The Lodge at North Ogden has 22 independent living, 70 assisted living and 30 memory care units. The community exhibited consistently strong cash flow and historically successful operations. Plus, there is expansion potential through the ability to develop 26 independent living cottages. During the marketing process, the outgoing operator made some adjustments to the go-to-market strategy that resulted in a drop in occupancy and a shift in overall performance metrics. Despite this, the process generated nine competitive offers after emphasizing the... Read More »
Joint Venture Continues to Grow Its Portfolio
Blueprint represented a large, institutional private equity firm in its divestment of an assisted living and memory care community, which Benchmark Senior Living and National Development ultimately acquired. Built in 2013, the 85-unit Arbor Terrace Roseland is in Roseland, New Jersey, near New York City. It was over 91% occupied with an EBITDAR margin of around 30% at the time of the sale. The asset has historically demonstrated resilient performance with occupancy in the mid-80s and healthy margins dating back to 2019. Steve Thomes, Korzy Buzin, Brooks Blackmon and Lauren Nagle handled the sale, and Synovus Bank provided acquisition financing. This purchase expands Benchmark’s Garden... Read More »
Berkadia’s Q3 Financing Activity
Berkadia’s Seniors Housing & Healthcare platform completed over $1.54 billion in financing for seniors housing communities as of the end of the third quarter. Under the leadership of SVP, Head of FHA & Seniors Housing Finance Steve Ervin, the platform facilitated $350 million in PLG Bridge with participations, $258 million in HUD 232/223(f) financings, and $934 million in GSE and third-party placements. In total, these efforts financed 88 properties, encompassing 10,653 beds/units. Notable third-quarter transactions include Managing Director Jay Healy and Director Andrew Lanzaro closing 13 loans totaling $178 million, comprising nine HUD 232/223(f) loans for $102 million and five... Read More »
Not-For-Profit Acquires Land Contiguous to Its CCRC
Ziegler announced the closing of Series 2025 bonds for Shenandoah Valley Westminster-Canterbury. Tad Melton and the Mid-Atlantic Team led the transaction on behalf of the sponsor, which has partnered with Ziegler for 20 years. Shenandoah Valley Westminster-Canterbury (SVWC) is a Virginia not-for-profit organization that owns and operates a CCRC located in Winchester, Virginia. It was founded in 1982 and provides housing, health care, and other services on its 87-acre campus through the operation of 311 independent living units (257 apartments and 54 cottages), 48 assisted living units, 12 memory care units and 51 skilled nursing beds. Having recently completed a two-phase, 97-unit... Read More »
LTC Properties Divests More SNFs
LTC Properties has completed its effort to divest seven skilled nursing facilities after one of its top 10 operating partners decided it was not renewing its master lease for these facilities, instead choosing to downsize and exit some states. In early October, the REIT announced that it sold two of the skilled nursing facilities in Florida for $42 million, or $175,000 per bed, with expectations of a gain on the sale of approximately $26 million. The company more recently announced that it completed the sale of the other five facilities. The four Virginia SNFs sold for $51 million and the California asset sold for $29 million. LTC Properties expects a gain on this sale of... Read More »
PE Firm Divests to Cedarhurst Senior Living
Cedarhurst Senior Living announced that it acquired The Enclave of East Louisville, now known as Cedarhurst of East Louisville. The Class-A Kentucky community delivered strong occupancy and stable margins, and there is potential to increase the property’s NOI in the short term. Built in 2012, it features 56 assisted living and 24 memory care units on 5.9 acres. Kyle Hallion, Lauren Nagle and Brooks Blackmon of Blueprint handled the transaction, representing an institutional private equity seller that was a repeat client. There was a competitive marketing campaign that garnered multiple private capital bids, with a final round of tours that enabled the firm to drive pricing and secure... Read More »
Northeast Owner/Operator Expands in Pennsylvania
A personal care home in Pennsylvania was sold with the help of Jeff Binder, Bradley Clousing, Dan Geraghty, Dave Balow and Lucas Doll of Senior Living Investment Brokerage. It was built in 1998 and sits within the Pittsburgh metropolitan area. The seller was a national owner/operator that deemed the property to no longer fit in its long-term operational objectives. The identified buyer was a rapidly growing Northeast-based owner/operator looking to expand its presence in the Pittsburgh, Pennsylvania MSA. The private buyer’s existing portfolio comprises seniors housing communities in New Jersey and one community in the Pittsburgh area. The principals have held various roles in the... Read More »
Benchmark Senior Living Adds to Its Garden State Portfolio
In its joint venture with the vertically integrated real estate investment firm National Development, Benchmark Senior Living continues to grow through single-asset deals, adding another New Jersey property to its portfolio. Benchmark acquired Arbor Terrace Roseland, a 85-unit assisted living/memory care community in Roseland, New Jersey, about 15 miles west of Manhattan, New York. Synovus Bank provided acquisition financing for the deal. The community joins a growing Garden State portfolio for Benchmark, which is set to open Benchmark at Scotch Plains in partnership with National Development in 2026. Plus, Benchmark at Cedar Grove will open in 2027. Earlier this year, Benchmark and... Read More »
MidCap Financial and CBRE Originate Refinance
MidCap Financial closed a $17.5 million first mortgage loan. The floating rate loan refinanced the existing indebtedness on a stabilized Class-A seniors housing community in the Boise, Idaho, market. The property in Meridian is owned by experienced real estate company Gold Stream Retirement Communities, and it is managed by Grace Management, which has a national presence. The asset offers a full continuum of care with 100 units as well as a full suite of modern amenities. MidCap Financial originated the transaction with Aron Will and Tim Root of CBRE. Read More »Schedule a demo
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