Skilled Nursing Owner/Operator Secures Its First HUD Financing
In a transaction that marks the third time Berkadia has secured financing for the asset, the company arranged a $35.4 million HUD financing for a 189-bed skilled nursing facility in Lafayette Parish, Louisiana. The asset was developed in three phases between 1996 and 2007. It has been owned by a Louisiana-based owner/operator of skilled nursing facilities since 2021, when it purchased the property from a REIT. Berkadia providing acquisition financing at that time, which was later refinanced with a debt fund in 2024, also retiring a portion of related-party debt created in conjunction with the acquisition. The 2026 HUD loan features a 35-year fully amortizing term and refinanced the... Read More »
Senior Care Portfolio Receives Financing
MONTICELLOAM provided financing to three seniors housing communities in Illinois. Originated by Karina Davydov, the package includes up to $44 million in bridge financing with a 36-month term. The portfolio offers independent living, assisted living, memory care and skilled nursing services. The sponsor, a Midwest-based senior living operator that manages more than 40 senior living properties, used loan proceeds to refinance the existing debt on the 420-unit portfolio. Read More »
Logos Living Capital Acquires Invesque Assets
Back in December, Invesque announced that it completed the sale of four seniors housing communities for $57 million. The assets sit in New Jersey and Pennsylvania and were previously part of a joint venture with Heritage Senior Living, which managed the portfolio. Invesque did not include any additional details at the time of the announcement, but it was later disclosed that Logos Living Capital was the buyer and would bring on one of its operating partners, Viva Senior Living, to manage the buildings. The portfolio includes Heritage Hill Senior Community in Weatherly, Pennsylvania, Belle Reve Senior Living in Milford, Pennsylvania, Cardinal Village in Sewell, New Jersey, and Viva... Read More »
Strawberry Fields REIT’s 2025 Growth
Strawberry Fields REIT reported its 2025 operating results, noting that it was the best year since its inception more than 10 year ago. The company posted significant increases in FFO and AFFO, and it completed more than $110 million in several new acquisitions. Its portfolio now includes 131 skilled nursing facilities, 10 assisted living communities and two long-term acute care hospitals totaling more than 15,600 beds in Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. FFO totaled $79.6 million in 2025, up 32.2% from 2024’s $60.2 million. Net income also increased, rising $6.8 million year over year, driven largely by a 32.4% increase in... Read More »
Owner/Operator Exits SNF Sector
An independent owner/operator exited the skilled nursing sector through its divestment of Sunrise Country Manor, which has 80 beds in Milford, Nebraska, and features a mix of private and semi-private units. It maintained an 83% occupancy rate at the time of the sale. A regional operator looking to expand its footprint in Nebraska acquired the facility. After outside financing fell through late in the process, the buyer opted for an all-cash purchase to preserve the exit timeline. Evans Senior Investments handled the deal, highlighting nearly $380,000 in annual revenue growth through enhanced Medicaid reimbursement and Medicare Part B alignment. Additionally, ESI identified more... Read More »
Assisted Living Providers Join Forces
Majestic Residences recently expanded its footprint, adding 17 assisted living communities and six in active development, through its acquisition of Avendelle Senior Living. Avendelle will be integrated into the Majestic Residences platform, with Avendelle’s corporate team retained. The combined organization will operate under the Majestic Residences’ unified brand, systems and growth strategy. This brings Majestic Residences’ portfolio to 34 senior care assets plus more than 10 in development. Financial terms of the deal were not disclosed. Read More »
Investor Secures Financing and Acquires Class-A Community
BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living. BWE represented the seller, Hunt Midwest. The buyer was a Texas-based healthcare investor, and BWE arranged non-recourse acquisition financing for them through a regional bank. The financing includes a significant potential future earnout. Charley Bissell, Ryan Stoll and Taylor Mokris led the deal, which was structured with a contingency for the procurement of acquisition financing meeting specific leverage,... Read More »
Multiple SNFs Sell in Separate Transactions
A large skilled nursing company sold its 181-bed skilled nursing facility to a private investment firm based in New York, exiting South Carolina in the process. The buyer had an existing skilled nursing footprint, and will be leasing this facility to a regional operator. The building was older, built in the 1980s, and was around 80% occupied at the time of closing. Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties handled the deal, as well as two others in different states. A private equity firm exited Florida through its sale of a 120-bed skilled nursing facility in the Panhandle. The facility was performing well at the time of sale, with occupancy hovering between 85% and 90%.... Read More »
Brookdale’s Operations Improve While NOI and Margins Lag
Following the preliminary results announcement after the January 28 close, Brookdale Senior Living’s stock spiked 11.5% on January 29. Investors cheered the upbeat early numbers, but the mood shifted once the official quarterly and full-year results came out February 18 after the bell. The stock opened nearly 7% below the prior close and dropped more than 10.5% intraday. While a broader market selloff amid geopolitical uncertainty didn’t help, the reaction was primarily earnings-driven. Occupancy improved, but NOI and margins fell quarter-to-quarter, so the question is, are they spending big to fill beds? At year-end 2025, Brookdale’s portfolio comprised 370 owned and 178 leased... Read More »
Morgan Stanley and Foundry Commercial Exit Spring Arbor Portfolio
Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, and Foundry Commercial have completed their exit from the Spring Arbor Senior Living portfolio through the sale of the remaining 11 assets. The seniors housing communities, located in Maryland and Virginia, comprise 795 assisted living and memory care units and were more than 90% occupied in recent years. The buyer, an undisclosed S&P 500 company that is focused on seniors housing, paid $296 million, or $372,300 per unit. JLL Capital Markets handled the sale. In 2022, Morgan Stanley and Foundry Commercial acquired the Spring Arbor portfolio from HHHunt through an off-market... Read More »Schedule a demo
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