Bank Closes Refinance and Acquisition Financing
Coastal States Bank announced that it recently closed $9 million in financing to refinance a 60-unit purpose-built memory care community near Centerville, Ohio, and to acquire a 53-unit memory care community in Creve Coeur, Missouri. Following the closing, the sponsor’s affiliated management company, Kauhale Healthcare Management, began managing the community in Creve Coeur and will continue managing the Centerville community, which it acquired in October 2024. The loan, which closed in coordination with a preferred equity investment from Kauhale Healthcare Real Estate and Locust Point Capital, was structured with a four-year term with interest-only payments for the first 12 months.... Read More »
SLIB Sells Ohio Assisted Living Portfolio
Jeff Binder and Ryan Saul of Senior Living Investment Brokerage sold a portfolio of three seniors housing communities in Ohio. Built between 1987 and 2009, the three buildings consist of 314 total units. They were in receivership. Working on behalf of the out-of-state owner, which has other seniors housing communities throughout Ohio, SLIB procured multiple qualified offers from both national and regional buyers before selecting an out-of-state private owner with an existing portfolio in the state. The buyer plans to continue investing in the buildings and will focus on increasing the MedWaiver occupancy. The state significantly increased its AL waiver rates in the last couple of... Read More »
AHR’s New Interim CEO
American Healthcare REIT, Inc.’s Chief Executive Officer and President, Danny Prosky, has taken a medical leave of absence, effective February 3, 2026, due to a recent medical event. So, the Company’s Board of Directors appointed Jeffrey T. Hanson, the Chairman of the company’s Board, to serve as Interim CEO and President, effective February 3, 2026. Hanson will work closely with AHR’s senior leadership team to ensure continuity of operations and continued execution of the company’s strategic priorities. We are wishing Danny well. Read More »
NHI Acquires Nine Communities
National Health Investors made a large SHOP purchase, adding nine communities consisting of 460 total units across Kentucky, South Carolina and Tennessee. The properties will be managed by Allegro Living Management, an affiliate of Spring Arbor Management. NHI has an existing relationship with Spring Arbor totaling approximately $227 million in investments. The REIT paid $105.5 million, or $229,300 per unit, for the portfolio, and it expects to invest an additional $3.3 million during the first year following the acquisition. The communities are projected to generate an initial NOI yield of approximately 8.0%, and 7.6% after routine capital expenditures. Berkadia handled the... Read More »
Ensign Increases Its Footprint in Three States
The Ensign Group and its captive real estate company, Standard Bearer Healthcare REIT, are already off to a strong start this year, announcing a slew of acquisitions that were effective February 1. In one of the transactions, Ensign purchased Agave Grove Post Acute’s operations, subject to a long-term, triple-net lease with a third-party landlord. The skilled nursing facility features 225 beds in Glendale, Arizona. Also, Ensign and Standard Bearer acquired the real estate and operations of three skilled nursing facilities that sit in Texas, in three separate transactions. Sunset Valley Rehabilitation and Healthcare Center is an 80-bed facility in Littlefield (Lubbock MSA). The two... Read More »
Colorado-Based Owner/Operator Expands
Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage sold a seniors housing community in Arvada, Colorado, representing a single-asset owner/operator who was looking to retire. The Oberon House was built in 1970 and renovated in 1997. It features 60 units of independent living and assisted living and was very well occupied, at 97%. The operating margin stood at a solid 25%, based on $3.27 million of revenues. After receiving multiple offers, the seller chose another Colorado-based owner/operator with a portfolio of communities in the state. They paid $9.7 million, or $161,700 per unit, with an 8.6% cap rate. Read More »
Not-for-Profit Acquires Underperforming CCRC
A not-for-profit seller that built, owned and operated Arbutus Park Retirement Community recently divested the asset to another not-for-profit with the help of Toby Siefert of Senior Living Investment Brokerage. The established senior care provider/buyer, which is based in Pittsburgh, Pennsylvania, intends to continue to invest in the community. The offering was marketed in the spring of 2025. Located in Johnstown, Pennsylvania, in the Pittsburgh MSA, the Type-A CCRC offers 90 independent living units, 32 personal care units and 141 skilled nursing beds. The independent living cottages are known as Arbutus Park at Parker Ridge. Built from 1974 to 2021, the asset grew to include... Read More »
Capital Funding Group’s 2025 Financing Volume
Capital Funding Group executed more than $3.1 billion in financings in 2025, representing a 121% increase in financing volume compared to $1.4 billion closed in 2024. Of the total, $2.2 billion was healthcare-related. The annual total comprises 175 deals, including 54 healthcare and multifamily bridge loans and other lending products, 28 HUD loans, 25 accounts receivable lines of credit and 68 commercial loans. Notably, CFG executed more than $1 billion, or more than 32%, of its annual loan volume in the fourth quarter alone. Details of several notable transactions involving skilled nursing facilities include: $253.2 million bridge loan for the refinancing of seven skilled nursing... Read More »
Class-A Portfolio Secures Refinance
Tremper Capital Group recently secured a large portfolio refinance on behalf of Spectrum Retirement Communities. Known as “Project Horns,” the portfolio consists of Class-A seniors housing communities in Midwest and Southwest markets. The communities provide a full continuum of care and benefit from strong historical operating performance in desirable submarket locations. Tremper Capital Group sourced a $150 million senior loan from a regional bank, retiring separate bank and lifeco loans in the process. Read More »
60 Seconds with Swett: Values Soar Across All Sectors
We have been hard at work collecting and enriching our 2025 M&A data, and many listeners can attest to receiving a number of calls and emails from me over the last couple of months, and the result was the most deals we have ever compiled in any year, as well as the most property financials and cap rates. So a big thank you to all of our industry friends who helped in this effort. Prices soared in all sectors, and set a couple of records. The average price per unit for assisted living properties reached $268,600, more than $20,000 higher than the previous record set in 2019. The independent living sector also hit new heights, with an average price per unit of $263,600. Average... Read More »Schedule a demo
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