• 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 »

The Waterton Healthcare And Rehabilitation Involved in M&A Transaction in LevinPro Database

The Waterton Healthcare And Rehabilitation 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 2875 Shiloh Rd in Tyler, Texas. It was incorporated on November 8, 2012. 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 Waterton Healthcare And Rehabilitation 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... Read More »

The Waters Of Muncie Featured in LevinPro M&A Database

The Waters Of Muncie 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 2400 Chateau Dr in Muncie, 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 The Waters Of Muncie 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, go to... Read More »

The Grove of Fox Valley Involved in Potential M&A Activity in LevinPro Database

The Grove of Fox Valley 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 1601 N Farnsworth Ave in Aurora, 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 The Grove Of Fox Valley 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, go to... Read More »

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

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

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

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

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 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 »