NHP Sets Sights on Seniors Housing
National Healthcare Properties drew attention when it decided to debut on the public markets, and it made its private pay seniors housing ambitions clear with its recent agreement to divest a large outpatient medical facility (OMF) portfolio. The 86-facility portfolio will be sold for $528.2 million, including $278 million of secured debt to be defeased or assumed by the potential buyer, and proceeds will likely be put towards SHOP acquisitions. That is yet another institutional player putting meaningful capital to work in the sector, with more likely on the way. The OMF portfolio divestment, along with several of NHP’s signed purchase and sale agreements for SHOP assets, have already... Read More »
Selectis Health Divests SNFs to Journey
In January, Selectis Health, Inc. completed the sale of two skilled nursing facilities in Georgia, including 71-bed Providence of Sparta Health & Rehab and 110-bed Warrenton Health & Rehabilitation. The assets sit less than 30 miles apart in Sparta and Warrenton, respectively. The buildings were initially constructed in the 1960s but were well-maintained and upgraded over the years. Selectis Health most recently focused on census growth and reimbursement revenue enhancement, realizing a 10% to 15% Medicaid daily rate increase in the second half of 2025. Selectis Health engaged Blueprint in its sales process, with Michael Segal and Daniel Waldhorn targeting in-state and out-of-state... Read More »
PE Group Divests to Regional Owner/Operator
An East Coast-based private equity group divested two seniors housing communities in Mississippi to a regional owner/operator pursuing expansion across the state. The communities total 108 assisted living and memory care units and offer operational synergies, given their close proximity in Oxford and Southaven. The communities were purpose-built in the early 2000s and operated as 100% private-pay assets. At the time of sale, both assets were well occupied and collectively generating in-place cash flow above $1 million. Blueprint represented the private equity group in its divestment, with Jacob Gehl and Dillon Rudy targeting regional owner/operators. There was strong interest with a... Read More »
T7 Capital Closes Array of Financings
Founded in 2025 by Ari Adlerstein and Josh Simpson, T7 Capital announced more than $320 million in recent financings closed across multiple transactions on behalf of healthcare operators and sponsors across the country. They included a combination of refinancings, acquisition loans and working capital facilities for both skilled nursing and seniors housing assets. The largest transaction was a $181 million refinancing and A/R facility for a 1,408-bed skilled nursing portfolio in Florida. There was also a $21 million acquisition financing for a 343-bed senior care portfolio in Illinois, a $38.7 million refinance of a 374-bed multistate portfolio, $59 million in financing for a 603-bed... Read More »
Two Western Closings from The Zett Group
The Zett Group closed a couple of seniors housing sales in the western United States. One deal was in the Reno, Nevada MSA, and featured a 65-unit assisted living/memory care community owned by a regional operator. The community boasted high occupancy and strong revenue, but there was room for improvement on the expense side. A local administrator backed by friends and family capital emerged as the buyer, making their first larger-scale seniors housing acquisition. Then, in Florence, Oregon, The Zett Group sold a 90-unit assisted living/memory care community also owned by a regional operator. Built in 1995 and expanded in 2008, the community featured a strong physical plant in a... Read More »
Dwight Capital Announces Q1 Activity
Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) reported an active first quarter, closing a combined $294 million in senior care financings across a mix of HUD, bridge, and revolving line of credit (RLOC) financings, spanning 11 states. Among the featured HUD transactions was $46.9 million in financing provided by Dwight Capital for a portfolio of three skilled nursing facilities totaling 278 beds in Fort Pierce, Wauchula and Winter Haven, Florida. The loan proceeds refinanced existing debt provided by DMT. Adam Offman, Managing Director of Healthcare Finance, originated the transaction. Additional closings included a $22.5 million loan... Read More »
Senex Foundation Divests SNFs to Owner/Operator
Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage were engaged by Senex Foundation, a Denver, Colorado-based owner/operator, to help with the disposition of a four-property portfolio and recently closed the second tranche involving two skilled nursing facilities in Nebraska. The deal included the sale of a 48-bed facility in Bridgeport and the leasehold interest (plus a purchase option) of a 39-bed facility in Hemingford. Both facilities were cash flowing. The buyer was a Utah-based owner/operator looking to establish scale in Nebraska and position itself for continued growth in the state. No purchase price was disclosed. The closing... Read More »
60 Seconds with Swett: The REITs’ Acquisition Appetite
With most of the Q1 earnings results in, we’ve been sifting through a lot of good news on occupancy growth, resident rate increases, expanding NOI margins and the phenomenal long-term outlooks. But our main takeaway had to be the major M&A plans that almost every publicly traded company has completed so far this year and plans to close throughout the rest of 2026. They represent an enormous amount of capital flooding into the market, and although they are not all playing in the same sandbox, the increased acquisition appetite should have an effect on pricing for assets, particularly for the highly in-demand Class-A, well performing properties. The REITs will surely feel pressure to... Read More »
Sonida Senior Living Reports Q1 as CNL Deal Reshapes Portfolio
Sonida Senior Living reported its first quarter results after becoming the eighth largest seniors housing owner toward the close of the quarter. The company completed its acquisition of CNL Healthcare Properties, a public, non-traded REIT that owned 69 seniors housing communities, bringing Sonida’s owned portfolio to 153 owned properties and 14,700 units. Largely as a result of the merger and the 54 communities added to Sonida’s SHOP portfolio, resident revenue and expenses each increased 37% year over year. Meanwhile, on a pro forma, same-community basis, weighted average occupancy rose 220 basis points to 87.2%, NOI increased 14% and margins expanded by 170 basis points, all on a... Read More »
Alta Senior Living Secures Refinance
At the end of 2021, Alta Senior Living acquired Tequesta Terrace Senior Living (at that time, Village of Tequesta, Tequesta Terrace), a 106-unit assisted living/memory care community in Palm Beach County, Florida. After executing its value-add capex, operational turnaround and lease-up plan, Alta engaged Blueprint to run a full debt process. A lender able to offer a non-recourse, bridge-to-HUD financing was selected. Kristen Ahrens, Ben Firestone and Pat Maloney handled the financing. Ben Firestone, Lauren Nagle and Michael Segal of Blueprint handled the sale of the community back in 2021, representing Terrace Communities Tequesta LLC, a New England-based owner/operator. Thorofare Capital... Read More »Schedule a demo
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