Community Purchased through HUD Assumption
Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds, and there was a roughly 50% Medicaid census. The asset was struggling financially, and the previous owner had not made debt payments for months. It was purchased via a HUD assumption by an experienced operator who had already taken over management and begun an operational turnaround. Read More »The Zett Group Rounds Out Q4
The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by a partnership including Pacific Northwest senior care veterans Jim Clay, Paul Redhead and the late Gene Hand. Nightingale Living, managed the community, which had recently received a new roof, new siding and a cosmetic refresh. There were a handful of interested parties, but a regional owner/operator, Ohana Ventures, emerged as the strongest... Read More »Legacy Owner/Operator Retires with Sale
Daniel Morris of Plains Commercial Real Estate rang in the new year with the sale of a couple assets in Enid, Oklahoma, collectively referred to as the Greenbriar Portfolio. The legacy owner/operator-seller built two of the buildings, and converted the third to seniors housing after purchasing it in the 1990s. The skilled nursing facility comprised 150 beds, the assisted living community featured 60 units, and the independent living community had 61. The physical plants were very well-maintained. Second-generation leadership was ready to retire, prompting the divestment of the assets that had never previously been sold. The process was competitive, with a regional group ultimately selected... Read More »Ziegler Closes Two Separate Financings
Ziegler announced the closing of two separate financings. First, Ziegler closed the Series 2025 bond anticipation notes for the benefit of The Sanctuary at Village On The Isle LLC. The Florida not-for-profit borrower was formed in 2025 to develop, own and operate a seniors housing community to be located on approximately 50 acres in unincorporated Sarasota County, Florida. The sole member of the borrower is Southwest Florida Retirement Center, Inc., doing business as Village On The Isle. VOTI owns and operates a CCRC in Venice, Florida, which opened in 1982 and currently consists of 234 independent living units, 48 assisted living units, 16 memory care units and 64 licensed skilled... Read More »Healthpeak Properties Jumps Back into Seniors Housing
Ever since Healthpeak Properties essentially exited the seniors housing market in 2021, we had wondered when they would come back. We even thought they could have jumped back in just a year later when rumors were circulating that Brookdale Senior Living was in talks about a potential sale. The M&A opportunity in seniors housing, and the fact that its REIT peer group have been accelerating their acquisition efforts in the last year, must have been too good to pass up, as Healthpeak is now forming Janus Living, a REIT that will own, acquire and develop seniors housing properties under a RIDEA structure. An IPO is planned in the first half of 2026, after which Healthpeak intends to... Read More »Blueprint Handles Washington State Bankruptcy Deal
Fresh off a phenomenal 2025 (we’ll see where they ended up in the Broker Rankings next month), Blueprint announced a few end-of-year closings this week. First, Michael Segal, Dan Mahoney, Amy Sitzman and Daniel Waldhorn ran a bankruptcy sale for the real estate of three skilled nursing facilities in Washington State. They were engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to manage the marketing and sale process. Dubbed the Supersonic Portfolio, the facilities are in King and Pierce Counties and licensed for 355 total beds. They included Renton Health & Rehabilitation in Renton, Valley View Skilled Nursing and Rehabilitation in Renton, and... Read More »Another Record Year for VIUM
VIUM Capital keeps raising the bar in transaction volume, announcing another record-setting year in 2025, closing 96 transactions totaling over $2 billion in par value, representing the largest total of financings closed in the firm’s nearly six-year history. Most of that volume came from bridge loans originated by VIUM through its joint venture partner Merchants Bank of Indiana, including both direct bank balance sheet executions and loans originated through VIUM’s healthcare debt fund. There were 35 separate loans totaling $1.1 billion. On the HUD side, VIUM closed 61 LEAN transactions totaling $948.2 million, earning it the second spot in the LEAN rankings for number of loans... Read More »Ventas Divests to Joint Venture
Berkadia announced that it handled the sale of a California seniors housing community, and refinanced a separate Montana community. Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, sold to an institutionally capitalized partnership. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the transaction. Following a review of multiple offers, the seller selected a joint venture between Shelter Real Estate Investment Strategies and Calson Management as the buyer. Ventas included the community in its most recent property list. Berkadia next announced the refinancing of Bozeman... Read More »Behavioral Buyer Gets Vacant VA Asset
Some brokers have been taking advantage of behavioral health providers’ desire to grow in order to sell vacant seniors housing assets, and getting higher prices for their clients as a result. Toby Siefert and Dave Balow of Senior Living Investment Brokerage arranged the sale of Mayfair House, a 53-unit assisted living community in Portsmouth, Virginia (Norfolk MSA), that was sold vacant by a local owner/operator of seniors housing communities in the Shenandoah Valley and surrounding areas. The community was built in 1994 and features 27,300 square feet on 1.3 acres. As a seniors housing asset, a sale would not get the seller the value they needed. But Siefert and Balow engaged some... Read More »Tenant Acquires California Property
JCH Senior Housing Investment Brokerage announced the sale of a 77-unit assisted living/memory care community in the High Desert region of California. This property was originally structured as a five-year lease with a purchase option. But just 15 months into the lease term, JCH closed an $8.5 million, or $110,400 per unit, sale. The property’s single-asset owner was retiring, and the incoming owner is an experienced regional operator. During the lease period, the tenant/buyer expanded bed capacity, enhancing the future revenue and NOI opportunity. That is what led them to exercise the purchase option well ahead of schedule. Cindy Hazzard and Jennifer Contreras served as the lead... Read More »Schedule a demo
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