National Health Investors Sends Default Notice to NHC
National Health Investors is addressing violations under its longstanding lease agreement with one of its largest tenants, National HealthCare Corporation. In July, NHI notified NHC/OP, L.P., an affiliate of National HealthCare Corporation and the tenant of 32 of NHI’s skilled nursing/senior care facilities and three independent living communities, that it was in non-compliance with several non-monetary provisions of their master lease, which dates back to October 17, 1991, and is set to expire in December 2026. National HealthCare Corporation was given until August 29 to fix the issues, and when it failed to do so, NHI sent a formal notice on September 8 stating the tenant was in... Read More »
Sonida Senior Living Increases Its Presence in Texas
Sonida Senior Living finalized its acquisition of a seniors housing community in Texas. Built in 2016, the community features 62 assisted living and 36 memory care units. It shares a driveway with senior-centric healthcare providers and referral sources, and is across from a 294-bed hospital in Mansfield. The property is near existing Sonida assets, bringing the company’s Dallas-Fort Worth portfolio to nine assets and 21 total in the state. This community is Sonida’s highest quality physical plant in this market, but still has a similar profile in services, unit mix and size. Sonida Senior Living intends to invest additional capital to refresh common areas and amenity spaces over the... Read More »
Performing Class-A Asset Trades in Pensacola
Berkadia handled the sale of Summer Vista, a seniors housing community in Pensacola, Florida. Managing Directors Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the transaction. Built in 2016, the 89-unit assisted living/memory care community has always been a strong performer. In fact, after opening in February 2016, it had reached stabilization after just five months. According to LevinPro LTC’s M&A database, a 2017 sale of Summer Vista to CNL Healthcare Properties had occupancy at 95% (it sold for $21.4 million, or $240,400 per unit at the time). Then in February 2020, Summer Vista and a 92-unit AL/MC community in... Read More »
Gallaher Companies Launches Management Company
Gallaher Companies, which has decades of experience in seniors housing design and development, launched Gallaher Signature Living, a management company that will oversee operations for the company’s growing portfolio of California seniors housing communities. Page Ensor has been appointed as Chief Executive Officer, bringing more than 25 years of senior care leadership, including oversight of 70 communities across four states during her tenure with Brookdale Senior Living as the Vice President of Operations. Let’s hope she employs the new Brookdale strategy, which is working better than the one under the Cindy Baier regime. We wish her luck in her new venture. Gallaher Companies is... Read More »
Skilled Nursing Portfolio Secures HUD Loan
Walker & Dunlop originated $68.312 million in HUD 232/223(f) loans to refinance seven skilled nursing facilities with 380 units in Illinois and Wisconsin. The transaction replaced existing short-term, variable-rate debt. Walker & Dunlop’s FHA Finance team arranged the refinancings, led by Joshua Rosen, Brad Annis and Johnny Rice. The borrower was not disclosed. Read More »
Class-A Minnesota Community Retires Its Construction Financing
EBSC Lending arranged a $31 million loan for a 160-unit Class-A seniors housing community in Elk Grove, Minnesota. Proceeds from the five-year, floating-rate, non-recourse loan were used to retire the property’s existing construction financing, with the structure providing an initial interest-only period. The sponsor was repeat-client David Ross. The community includes independent living, assisted living and memory care services, offering studios, one- and two-bedroom floor plans ranging between 410 and 992 square feet. Read More »
Ziegler Handles Unique Operator Transition
A high-end seniors housing community that caters to the Japanese-American population in the San Francisco, California, area completed a delicate operational transfer, with the help of Ziegler. Kokoro Assisted Living is located in the heart of San Francisco’s historic Japantown and is known for providing culturally sensitive care and an environment that blends Japanese and American heritage through meaningful activities, celebrations and cuisine. The main structure was originally a synagogue and has since converted to seniors housing, expanding in the early 2000s. It had decent occupancy, but operations were never optimized, operating just above breakeven. Sequoia Living, another... Read More »
Brookdale’s Occupancy Keeps Improving
It is a shame that Brookdale Senior Living did not do two years ago what it has been doing for the past nine months or so. Weighted average occupancy in August 2025 was 81.8%, up 70 basis points sequentially. This was the seventh month in a row the company posted an increase. Month-end occupancy in August was 83.2%, up 60 basis points sequentially and up 280 basis points from a year ago. That represents the ninth month in a row of an increase. The proof will be in the third quarter results and whether these increases are profitable or just increases in census for the sake of growth. It will all depend on the level of discounting as well as expense control. Time will tell. Read More »
Blueprint Closes Two Texas Portfolio Transactions
During the NIC Fall conference in Austin, Blueprint announced a couple of portfolio transactions in Texas. First, Amy Sitzman and Giancarlo Riso facilitated the sale of five skilled nursing facilities located throughout the Texas Hill Country and Houston. All five facilities are within four hours of each other, offering scale and operational efficiencies. The portfolio features 469 beds and has a diverse payor mix with a strong track record of financial performance. The facilities were generating over $2.2 million of in-place cash flow, with portfolio-wide occupancy at 71% and trending upward at the time of marketing, so there is room for an incoming investor to reduce expenses and... Read More »
SLIB Handles Minnesota Receivership Sale
A senior care campus in Pine Island, Minnesota, with some operational issues in the past has found a new owner thanks to Jake Anderson, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage. Set on 6.8 acres, the campus includes Pine Haven with 70 skilled nursing beds and Evergreen featuring 24 assisted living units. Pine Haven was built in stages over the years, starting in the mid-1960s, while the AL portion was added in 1995. In 2022, the Minnesota Department of Health stepped in after the nursing facility failed to pay its employees wages, healthcare insurance and other vendor fees. The receivership began in June 2022, and the MDH kept the campus operating until a sale... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
