Gallaher Companies Launches Management Company
Gallaher Companies, which has decades of experience in seniors housing design and development, launched Gallaher Signature Living, a management company that will oversee operations for the company’s growing portfolio of California seniors housing communities. Page Ensor has been appointed as Chief Executive Officer, bringing more than 25 years of senior care leadership, including oversight of 70 communities across four states during her tenure with Brookdale Senior Living as the Vice President of Operations. Let’s hope she employs the new Brookdale strategy, which is working better than the one under the Cindy Baier regime. We wish her luck in her new venture. Gallaher Companies is... Read More »
Skilled Nursing Portfolio Secures HUD Loan
Walker & Dunlop originated $68.312 million in HUD 232/223(f) loans to refinance seven skilled nursing facilities with 380 units in Illinois and Wisconsin. The transaction replaced existing short-term, variable-rate debt. Walker & Dunlop’s FHA Finance team arranged the refinancings, led by Joshua Rosen, Brad Annis and Johnny Rice. The borrower was not disclosed. Read More »
Class-A Minnesota Community Retires Its Construction Financing
EBSC Lending arranged a $31 million loan for a 160-unit Class-A seniors housing community in Elk Grove, Minnesota. Proceeds from the five-year, floating-rate, non-recourse loan were used to retire the property’s existing construction financing, with the structure providing an initial interest-only period. The sponsor was repeat-client David Ross. The community includes independent living, assisted living and memory care services, offering studios, one- and two-bedroom floor plans ranging between 410 and 992 square feet. Read More »
Ziegler Handles Unique Operator Transition
A high-end seniors housing community that caters to the Japanese-American population in the San Francisco, California, area completed a delicate operational transfer, with the help of Ziegler. Kokoro Assisted Living is located in the heart of San Francisco’s historic Japantown and is known for providing culturally sensitive care and an environment that blends Japanese and American heritage through meaningful activities, celebrations and cuisine. The main structure was originally a synagogue and has since converted to seniors housing, expanding in the early 2000s. It had decent occupancy, but operations were never optimized, operating just above breakeven. Sequoia Living, another... Read More »
Brookdale’s Occupancy Keeps Improving
It is a shame that Brookdale Senior Living did not do two years ago what it has been doing for the past nine months or so. Weighted average occupancy in August 2025 was 81.8%, up 70 basis points sequentially. This was the seventh month in a row the company posted an increase. Month-end occupancy in August was 83.2%, up 60 basis points sequentially and up 280 basis points from a year ago. That represents the ninth month in a row of an increase. The proof will be in the third quarter results and whether these increases are profitable or just increases in census for the sake of growth. It will all depend on the level of discounting as well as expense control. Time will tell. Read More »
Blueprint Closes Two Texas Portfolio Transactions
During the NIC Fall conference in Austin, Blueprint announced a couple of portfolio transactions in Texas. First, Amy Sitzman and Giancarlo Riso facilitated the sale of five skilled nursing facilities located throughout the Texas Hill Country and Houston. All five facilities are within four hours of each other, offering scale and operational efficiencies. The portfolio features 469 beds and has a diverse payor mix with a strong track record of financial performance. The facilities were generating over $2.2 million of in-place cash flow, with portfolio-wide occupancy at 71% and trending upward at the time of marketing, so there is room for an incoming investor to reduce expenses and... Read More »
SLIB Handles Minnesota Receivership Sale
A senior care campus in Pine Island, Minnesota, with some operational issues in the past has found a new owner thanks to Jake Anderson, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage. Set on 6.8 acres, the campus includes Pine Haven with 70 skilled nursing beds and Evergreen featuring 24 assisted living units. Pine Haven was built in stages over the years, starting in the mid-1960s, while the AL portion was added in 1995. In 2022, the Minnesota Department of Health stepped in after the nursing facility failed to pay its employees wages, healthcare insurance and other vendor fees. The receivership began in June 2022, and the MDH kept the campus operating until a sale... Read More »
PACS CFO Resigns
PACS Group saw another potential setback to its public image, announcing that its CFO Derick Apt resigned on September 2 after it was determined that he had accepted a series of high-value items from individuals associated with a group of related entities with which PACS does business. The company was in the middle of its previously disclosed investigation into Medicare billing discrepancies in mid-July 2025 when the Audit Committee of the company’s board of directors became aware of the allegations against Apt. Based upon the results of an immediate investigation that was launched, the Committee made interim findings that Apt’s receipt of these items of value violated company... Read More »
Publicly Traded REIT Acquires in Austin
Not far from the NIC venue in Austin, Berkadia closed the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living community located in an Austin suburb. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano closed the deal on behalf of Bridgewood Property Company, a Houston-based developer, owner and operator and the original developer of the community. Bridgewood’s wholly owned management company, The Aspenwood Company, will continue managing the property for its new owner, a publicly traded REIT. We hope a bottle of champagne was popped this week at NIC. Opened in 2016, Village on the Park Onion Creek is located in South Austin and boasts consistently... Read More »
Long-Term Owner/Operator Divests in Rural Utah
Evans Senior Investments facilitated the sale of Heirloom Inn, a 67-unit assisted living community in Price, Utah. The seller, which developed the community over 20 years ago, was independent owner/operator Shauna O’Brien. At the time of sale, the property was performing well albeit with opportunities for expense management and revenue growth. There was strong interest from buyers due to the limited supply of assisted living communities in the surrounding market, with a regional operator that offers scale being a good fit for the asset. The three-week competitive marketing process resulted in ESI ultimately identifying a buyer aligned with the seller’s long-term objectives. The transaction... Read More »Schedule a demo
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