Brookdale’s Uneven Recovery
Brookdale Senior Living has been going through some major changes in the last year, so naturally its recovery could be a little uneven, with the hope of more long-term growth and stability. They have a new CEO, COO and a new operational structure, in addition to exiting more than 100 communities in the last year. But the mixed bag of results can be frustrating from shareholders’ point of view, especially as they see a disconnect between Brookdale’s anemic performance and headlines on strong sector fundamentals, healthy and rising occupancy levels across the sector and in most Brookdale markets, and appealing opportunities for growth. Plus, it is on top of many years of underperformance to... Read More »
Two Public REITs Continue Their SHOP Push
Two public REITs honing in on the seniors housing sphere have announced their first quarter earnings results. LTC Properties reiterated its commitment to seniors housing again, and Janus Living, Healthpeak Properties’ spin-off REIT that debuted in the public markets in March, is already showing momentum. First, after completing seniors housing acquisitions and conversions of nearly $570 million in 2025, LTC Properties invested $108 million in SHOP acquisitions during the first quarter of 2026. Subsequent to quarter end, LTC Properties deployed $9 million in SHOP acquisitions, and an additional $250 million is anticipated to close in the second quarter. In the first quarter, the... Read More »
Tennessee Assisted Living Community Sells
Andrew Montgomery of Montgomery Intermediary Group recently sold an assisted living community in eastern Tennessee. Built in the late 1990s, the building featured more than 40 units, plus some houses on its campus. There was some additional acreage, as well. It was sold by one out-of-state owner to another, but the buyer has another assisted living community nearby in western Virginia. There were several local and regional groups that showed interest in the deal, which ultimately closed on May 1. No other details were disclosed. The closing comes on the heels of a bank financing closed by MIG’s Jeremy Warren and a new hire for the firm. Colin Thomas, CFA joined MIG as an investment sales... Read More »
SNF Portfolio Trades Following Strong Bidding Environment
A regional operator looking to recycle capital divested a portfolio of four skilled nursing facilities in Florida. There were a total of 460 functional beds, and they were spread across Rockledge, Naples, Venice and Sarasota. Evans Senior Investments handled the deal. The portfolio generated approximately $46 million in total annualized revenue and maintained a healthy 83% occupancy, while still offering upside potential. ESI identified that nearby competitors were capturing a large share of the local Medicare volume and provided a blueprint for a new operator to strengthen hospital referral relationships and drive the Medicare census from 40 to 58 patients per day. ESI also... Read More »
Class-A Seniors Housing Community Receives Agency Financing
BWE closed $77 million in fixed-rate, Fannie Mae financing for a Class-A seniors housing community in a major Midwest MSA. The 10-year loan features a full term of interest-only payments. Ryan Stoll and Taylor Mokris led the financing. The community offers a full continuum of care, including independent living, assisted living and memory care. Positioned as a high-quality, purpose-built asset, the community features intergenerational programming and high-end amenities and finishes. Read More »
LCS and Vi Cement Merger
After completing regulatory approvals, LCS and Vi have now closed on their merger agreement, with their combined portfolio including 130 communities across 29 states with more than 45,000 beds. Together, the companies have more than 90 years of combined experience in senior living. CS Capital Advisors served as Lead Financial Advisor and Eastdil Secured Advisors LLC served as Special Financial Advisor to Vi in conjunction with the transaction. Vi is a developer/owner/operator based out of Illinois with 10 CCRCs encompassing 4,000 beds in Arizona, California, Colorado, Florida, Illinois and South Carolina. It is the rebranded Classic Residence by Hyatt portfolio. Vi’s brand will operate as... Read More »
SLIB’s Red-Hot Start to May
Senior Living Investment Brokerage shot out of the gates in May, announcing six separate closings within just a couple of days. The closings included a couple of portfolios, two seniors housing asset sales and two skilled nursing deals. SLIB is on track for another record-breaking year. The largest deal was an eight-property seniors housing portfolio sale in Colorado, handled on behalf of a Fort Collins-based seller, Columbine Health Systems. Totaling 540 units of independent living, assisted living and memory care, the eight properties were built between 1992 and 2018. They were part of a larger 13-property portfolio that Columbine had slated for sale in 2025. The first five... Read More »
Independent Living Asset Near Breakeven Changes Hands
Blueprint handled the sale of a 60-unit independent living community located just outside of Cleveland, Ohio. At the time of sale, the property was operating around breakeven and offered the opportunity for upside. The option to transition the community to an assisted living waiver model was presented, but the incoming regional owner/operator opted to maintain its independent living status to avoid the regulatory hurdles that come with licensure conversion. The buyer aligned with the seller’s vision for the community, and intends to focus on operational efficiencies and incremental improvements. Connor Doherty and Ryan Kelly of Blueprint represented the undisclosed... Read More »
National Health Investors Leans Further Into SHOP Growth
National Health Investors is continuing to lean into its SHOP segment, having invested $742.5 million into the strategy throughout the first quarter, a 106% increase from the prior year period. Year-to-date, the REIT has announced $212.4 million of investments, and is continuing to evaluate additional opportunities, focusing on private pay seniors housing. NHI also announced that it sold a few assets during the quarter and acquired two separate portfolios. In January, National Health Investors sold a 42-unit senior living campus in Michigan for $6.7 million, and in February, the company acquired nine assisted living communities in Kentucky, South Carolina and Tennessee. Berkadia handled... Read More »
Senior Care Portfolio Secures Refinancing
T7 Capital, a boutique seniors housing and healthcare advisory firm founded by industry veterans Ari Adlerstein and Josh Simpson, recently arranged a large bank refinancing for a portfolio of seniors housing and skilled nursing assets in Massachusetts. Working on behalf of a New York-based family office, T7 secured a $57.979 million loan from KeyBank on the 707-bed portfolio. The transaction positions the sponsor to optimize its capital structure while continuing to execute on its operational and strategic initiatives across the portfolio. There was significant lender interest in the deal, with six term sheets at competitive pricing. T7 Capital specializes in structuring capital... Read More »Schedule a demo
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