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 »
Investor Enters Seniors Housing Sector Through Recapitalization
Amy Sitzman and Giancarlo Riso of Blueprint handled the recapitalization of Countryside of Wichita Falls, a 50-unit assisted living community in Wichita Falls, Texas. The asset offered value-add potential through renovations, rebranding and a planned memory care addition. As occupancy began to improve, Blueprint launched a marketing process, which generated multiple strong offers in late 2025. Ownership ultimately chose a recapitalization, bringing in a new entrant to the seniors housing sector as an equity partner. Immediately following closing, the new venture began converting units to memory care and implemented physical and operational updates. Read More »
Public REIT Divests to National Provider
A publicly traded REIT recently completed the wind down of its relationship with an outgoing operator through its sale of a seniors housing community in Wisconsin. Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint handled the deal, targeting local, regional and national investors. A growing national provider was selected as the ultimate buyer. Built in the 1960s and located in West Allis just outside of Milwaukee, the 166-unit assisted living and memory care community was facing some operational challenges. Read More »
Multiple Buyers Acquire Skilled Nursing Beds
Under Ohio’s certificate of need regulations, skilled nursing beds can be transferred from counties deemed over-bedded to those experiencing a shortage. Taking advantage of this window, 12 separate sellers, motivated by downsizing, closures or strategic repositioning, transferred their beds with the help of Senwell Senior Investment Advisors. Ben Bohland and Collin Hempfling aggregated more than 280 beds, facilitating their transfer to multiple buyers looking to expand or develop facilities in under-bedded counties. Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released
The 31st Edition of The Senior Care Acquisition Report has been published and is available to LevinPro LTC andLTC News subscribers now! With M&A at record levels and more buyers and sellers evaluating transactions today, we know how important having timely, accurate and relevant pricing data is in making their investment decisions. That is why we worked hard to get this Report out earlier in the year than ever before, and it was compiled with the largest proprietary dataset we have ever put together, including hundreds of confidential prices, cap rates and operating metrics. Thank you to all of our industry friends who helped us in that effort, because the large sample size allowed us... Read More »
Artemis Real Estate Purchases Jacksonville Class-A Community
Artemis Real Estate Partners expanded its portfolio through the acquisition of Grand Living at Tamaya, a Class-A seniors housing community in Jacksonville, Florida. The seller, Ryan Companies US, developed the asset in 2019 with Grand Living. The community features 137 independent and assisted living units, and 34 memory care units. It sits on 6.14 acres with 192,088 square feet and four stories. Grand Living at Tamaya is the only non-CCRC in the Mayo Clinic/Beaches submarket that offers IL, AL and MC services. It also offers a 90-day option for those wanting to spend winter months in Florida. After the last couple of months in the Northeast, who wouldn’t? Grand Living will... Read More »
Regional Operator Enters Kansas with CCRC Acquisition
A CCRC in Kansas recently sold to a growing regional operator. This transaction marks its entrance into the Kansas market. Evans Senior Investments handled the deal, identifying specific reimbursement and occupancy opportunities that an incoming operator could leverage to improve profitability. The process was competitive, and the undisclosed buyer ultimately paid $32 million, or $148,000 per bed/unit, to purchase the campus. T7 Capital previously announced that it arranged $27.2 million in financing from a commercial bank and mezzanine lender, plus a $1.5 million A/R line, for the acquisition of an asset with 74 independent living, 63 assisted living and 80 skilled nursing beds in... Read More »
Financing Supports Underperforming AL Acquisition
Helios Healthcare Advisors announced that it arranged acquisition financing for the buyer of an underperforming community in Marble Falls, Texas, that was operating at a cash-flow deficit. The asset was Marble Falls Assisted Living, a 25-unit assisted living community. Marcus & Millichap handled the sale. The borrower required a high-leverage financing structure that preserved its capital to fund anticipated operating losses and supported physical plant improvements. Helios structured a 100% loan-to-cost financing solution that provided the buyer with the flexibility needed to execute a turnaround strategy. Financing was provided by an Arkansas-based commercial bank. The loan carried a... Read More »
Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
Sabra’s Q4 Deals Push 2025 New Investments to $450 Million
Sabra Health Care REIT released its fourth quarter results. On a year-over-year basis, same-store cash NOI increased 12.6% for the fourth quarter of 2025, while the 2025 quarterly year-over-year average increase was 15.0%, inclusive of the stabilized facilities formerly operated by Holiday Retirement. Its Q4 acquisitions brought the company’s total investment closed in 2025 to roughly $450 million, with an estimated average initial cash yield of 7.5% on property acquisitions. During the quarter, Sabra acquired four managed seniors housing properties for $150.5 million with an estimated initial cash yield of 7%. Sabra was also active on the divestment side, completing the disposition... Read More »Schedule a demo
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