Debtor Sells SNF at Auction
Blueprint was engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to sell the real estate of a skilled nursing facility outside of Yakima, Washington. Arcadia Medical Resort of Parkside was built in 1972 and is licensed for 88 beds, providing long-term care, rehabilitation and therapy services. It is set in a predominantly residential area and was the only licensed facility in the town of Union Gap. At the time of initial marketing, the facility had relatively low census and star ratings, but it maintained positive cash flow, due in part to its contractual Medicaid reimbursement rate which exceeded $400 per day. Blueprint first procured a stalking... Read More »
Dwight Capital Buys HUD Mortgage Servicing Rights Portfolio
Dwight Capital acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, which includes loans secured by skilled nursing facilities, assisted living communities and hospitals. The portfolio totals over $500 million in unpaid principal balance from 69 loans across 22 states. Now, following the acquisition, the loan servicing portfolio of Dwight Capital and its affiliates will exceed $15 billion. Dwight has strategically focused on expanding its servicing footprint and strengthening long-term relationships as both a principal lender and servicer, and a third-party servicer. The transaction also underscores Dwight’s commitment to continued growth within the... Read More »
Acquisition Financing Secured for Skilled Nursing Portfolio
Capital Funding Group closed a bridge financing for the acquisition of four skilled nursing facilities, featuring a total of 487 beds, across Colorado, Alabama and Arizona. The portfolio sold for $51.2 million, or $105,100 per bed, to an operator looking to expand its portfolio. CFG intends to bring the loan to HUD for a permanent refinance. CFG Managing Director and Co-Head of Healthcare Business Development Andrew Jones and Senior Associate Ava Julio originated the transaction for the company. Read More »
National Health Investors Reports Its Most Active Year
National Health Investors released its fourth-quarter and full-year 2025 results, and it made significant strides in 2025. The REIT completed $392.4 million in investments, marking its most active year yet. Its SHOP portfolio expanded from 15 communities to 26 during the year, and has kept the momentum going into 2026. So far this year, the company has announced that it purchased nine assisted living communities with 460 units across Kentucky, South Carolina and Tennessee. The portfolio was acquired for $104.5 million, or $227,200 per unit, excluding closing costs. This represents the company’s largest SHOP acquisition to date, and brings its total SHOP investments to $740 million.... Read More »
American Healthcare REIT Continues Its Momentum
American Healthcare REIT expanded both its Integrated Senior Health Campus and SHOP segments in 2025, completing $950 million of new investments across the two. The ISHC portfolio grew from 126 properties at year-end 2024 to 147 by the end of 2025, while the SHOP segment increased from 70 to 83 properties. Same-community ISHC properties delivered 18.4% year-over-year NOI growth. Average occupancy reached 89.6% for full-year 2025, up 250 basis points from the prior year, with steady quarterly gains culminating in 90.6% in the fourth quarter, a 275-basis point year-over-year increase. Same-community SHOP performed well, with NOI rising 25.2% year-over-year. Average occupancy was 88.3%... Read More »
Town Lane and Arcole Acquire Their Fifth Community
Town Lane and Arcole made the fifth seniors housing investment in their inaugural $1.25 billion real estate fund. Town Lane is a real estate investment firm, and Arcole is a recently launched seniors housing platform that partners with operators to acquire newer-vintage, full-continuum communities in high-growth markets. The joint venture will bring Solera Senior Living on to manage the newly acquired property. Built in 2016 by Senior Lifestyle Corporation, The Sheridan at Green Oaks comprises 78 independent living, 64 assisted living and 56 memory care units with more than 220,000 square feet on 17 acres. The community sits in Lake Bluff, Illinois, in close proximity to golf and... Read More »
NYC’s First CCRC Development Secures Major Financing
Ziegler closed River’s Edge, the largest senior living tax-exempt bond transaction to date, totaling more than $600 million. River’s Edge is the first CCRC project in New York City and will be located on the campus of its sponsor, not-for-profit RiverSpring Living, in the Riverdale section of the Bronx. An affiliate of the sponsor, RS Services, will manage the community upon opening. RiverSpring Living enlisted Chicago-based Integrated Development II as its development consultant, and Ziegler as its senior manager. River’s Edge is the first not-for-profit project for Integrated Development II, which has a team with significant experience in the for-profit CCRC sector. The project, which is... Read More »
LTC Properties Buys into SHOP Growth
LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net master lease, converting the 12 communities covered under it into its SHOP segment. In the fourth quarter, the REIT terminated a master lease and converted the two assisted living communities with 186 units into its SHOP segment. Those two assets now operate and account for one. Also in 2025, the company acquired 11 communities for $353 million,... Read More »
Portland IL/AL Community Finds New Purpose in Multi-Family
Calaroga Terrace has traded hands, from a national owner/operator to a regional developer. The community sits north of the Oregon Convention Center, in downtown Portland, Oregon. Built in 1968 and renovated in 2016, the 15-story high rise is situated on just under one acre and features 181 independent living and 84 assisted living units. The community never fully recovered from the pandemic, and with it potentially requiring significant capex in the near future, the owner decided to divest, engaging Senior Living Investment Brokerage to handle the process. Jeff Binder and Jason Punzel of Senior Living Investment Brokerage handled the sale, as well as a multi-family brokerage firm that... Read More »
New England SNFs Struggling to Breakeven Sell
Blueprint represented a private equity investor in its divestment of a 302-bed skilled nursing portfolio in New England. The three facilities had challenged occupancies, however, they generated approximately $27 million in revenue. Inflated operating costs took its toll on EBITDAR, with the asset struggling to breakeven. Dubbed Project Red Coats, the buildings are located in the Boston, Massachusetts MSA, a strong market. Steve Thomes, Ryan Kelly, Kory Buzin and Connor Doherty emphasized the opportunity for a new owner to focus on rate and occupancy optimization, while managing expenses and maintaining the facilities’ in-place referral network. The result was several written letters of... Read More »Schedule a demo
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