O&M Investments Acquires Nebraska Senior Care Portfolio
O&M Investments, LLC, led by Nick Martinez and Todd Okum, has expanded its footprint into Nebraska through an acquisition of a senior care portfolio. The seller was a mom & pop seeking an exit from the industry. Built in the 1970s and 1980s, the six senior care facilities are located in the Omaha MSA, comprising around 350 skilled nursing beds and approximately 60 assisted living beds. They were operating at near-breakeven at closing, with O&M increasing census since then. This purchase brings O&M’s total owned/operated facilities to 96 across 12 states. The facilities will now be managed by a seasoned regional operator. Read More »
Berkadia Closes Four HUD Loans
Within the past 30 days, Jay Healy and Andrew Lanzaro of Berkadia Seniors Housing & Healthcare have closed four HUD 232/223(f) loans totaling $64.4 million in aggregate proceeds. The loans were obtained on behalf of three sponsors and are secured by three seniors housing communities and a skilled nursing facility spanning Hawaii, Texas and Washington. Each loan carries a fully amortizing 35-year term. The first transaction was a $18 million refinance for a San Marcos, Texas-based owner/operator of assisted living and memory care communities. The proceeds were used to retire bank construction debt and convertible ownership debt utilized to develop the 94-unit AL/MC community in... Read More »
Senior Care Portfolio Secures Acquisition Financing
First Citizens Bank’s Healthcare Finance business helped to arrange $270 million in financing to support the acquisition of 30 senior care facilities across Idaho, Oregon, Washington, Montana and Arizona. The portfolio includes 15 skilled nursing facilities, and seven senior care campuses that feature skilled nursing beds as well as independent living and assisted living units. There are 1,584 skilled nursing beds, 90 assisted living units and 450 independent living units. The buyer is a real estate investment group that specializes in the post-acute sector. The properties have been, and will continue to be, operated by Cascadia Healthcare and its affiliate, Olympus Retirement... Read More »
Oklahoma Senior Care Portfolio Receives Bridge Loan
Greystone provided a $51.5 million bridge loan to refinance a portfolio of senior care facilities in Oklahoma. The financing was originated by Fred Levine. The portfolio comprises 633 skilled nursing beds and 71 assisted living beds across six facilities. The bridge loan carries a two-year term with an extension option, and the borrower intends to pursue permanent financing from HUD. Read More »
New Perspective Adds Five Minnesota Locations
Minnetonka, Minnesota-based New Perspective Senior Living added five communities to its portfolio in the first half of 2025, significantly expanding its presence in the state. Each community is located in a suburb of Minneapolis/St. Paul, including in White Bear Lake, Oakdale, Golden Valley, Rosedale and Minnetonka. They all provide assisted living and memory care services. Two of the locations (White Bear Lake and Oakdale) were formerly under The Waters Senior Living brand, while the remaining three were previously Sunrise Senior Living properties. The additions bring New Perspectives’ portfolio to 45 communities across Minnesota, North Dakota, Wisconsin, Illinois, Indiana, Ohio,... Read More »
Hilco Announces Bid Deadline for Florida Asset
Hilco Real Estate, LLC has announced July 10, 2025, as the bid deadline for a fully operational assisted living community in Cape Coral, Florida, Atrium at Liberty Park. Built in 2019, the well-established senior living property offers both assisted living and memory care services across 135 beds (108 for AL and 27 for MC). The property is currently cash flow positive, generating approximately $2 million in annual revenue, and provides investors with immediate operational income. Occupancy was 86%. It also has modern call and monitoring systems that enhance resident safety, plus a lifestyle program includes fitness classes, social outings and daily activities to foster engagement and... Read More »
Ziegler Completes Christian Horizons Sale
The bankruptcy sale of Midwest Christian Villages (dba Christian Horizons) has finally come to a close with the sale of the final two seniors housing assets in the portfolio. The majority of the company’s other assets closed in multiple transactions earlier this year. Congratulations to Nick Glaisner and Ryan Anders of Ziegler for seeing the whole deal over the finish line. Christian Horizons, one of the nation’s largest not-for-profit, faith-based organizations delivering skilled nursing, assisted and supportive living, independent living, and pharmacy services to seniors in Illinois, Iowa, Indiana and Missouri, filed voluntary petitions for reorganization under Chapter 11 of the U.S.... Read More »
PE Firm Acquires and Secures Financing for Class-A, Miami Community
A Class-A seniors housing community recently sold in Miami, Florida. Built in 2023, The Oasis at Coral Reef is in Miami, Florida, with 102 independent living, 71 assisted living and 28 memory care units with floor plans ranging from studio to two-bedroom residences. Located adjacent to Jackson South Community Hospital, the community features high-end amenities, including a fitness room, a restaurant-style dining room with chef-prepared meals, a beach club, recreational program rooms, weekly housekeeping, multiple pools, among many others. The community opened at various stages throughout 2023, as state licenses were issued. Thus, it was in the early stages of lease-up, with occupancy... Read More »
Financing Enables Construction to Resume on NJ Active Adult Development
Procida Funding & Advisors secured a $140 million loan for The Plaza Grande, an active adult development in Cherry Hill, New Jersey, with 507 units. Madison Realty Capital and Pearlmark provided the financing. Madison Realty previously provided a construction loan for the project in 2021. Additionally, Procida Funding has worked with Madison Realty on several construction loans. The flexible, customized financing supports the completion and leasing of The Plaza, which has been 20 years in the making. Development began in 2004 under Turnberry Homes as part of a plan to repurpose the former Garden State Park racetrack. But development was halted with around 250 units unfinished, until... Read More »
Georgia Seniors Housing Community Finds New Purpose
Andrew Sfreddo, Gunnar Raney, Shane Harmon and Colin Segner of Blueprint facilitated the sale of a seniors housing community in Roswell, Georgia, on behalf of a private real estate investor. The seller was seeking a buyer that would repurpose the community into behavioral health. Within 14 days of launch, Blueprint secured a signed LOI with a leading Southeast-based provider of mental health and substance use disorder treatment services. Closing occurring 75 days later. The provider intends to repurpose the community into a residential behavioral health facility with 80 beds. Blueprint and the incoming owner/operator shared a mutual relationship with a land-use attorney who helped... Read More »Schedule a demo
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