Forbright Bank’s Financing Closings
Forbright Bank’s healthcare lending team closed nearly $100 million in financings across six transactions. The largest was a $35 million term loan syndication arranged for the acquisition of eight skilled nursing facilities across three states. Another highlight included an $18 million bridge-to-HUD loan that refinanced existing debt and provided an equity return to the sponsor of a seniors housing community in Arizona. The loan was structured for a near-term HUD submission by Forbright’s HUD team. There was another bridge loan, totaling $10 million, which supported an equity recapitalization for a seniors housing property in Oregon. Finally, Forbright arranged three separate working... Read More »
California and Pennsylvania Assets Secure Separate Financings
Sims Mortgage Funding (SMF) ended the year with a HUD closing for RiverPointe Post-Acute, a 112-bed skilled nursing facility in Carmichael, California. Affiliates of Links Healthcare Group LLC own and operate the facility. Links’ portfolio comprises 42 skilled nursing facilities with 4,675 beds. The existing bank loan was structured with A and B tranches and issued in August 2019 to finance the purchase of the asset. Forbright Bank held the A tranche, and an affiliate of SMF’s parent company, HJ Sims, issued the B tranche. SMF structured the deal so that the HUD-insured loan fully paid off the A/B tranches, and reimbursed Links for $731,000 in equity used for the acquisition and $1.168... Read More »
Standalone Memory Care Community Sells in San Antonio
Soon after selling a standalone memory care community in Katy, Texas, Blueprint sold another one in San Antonio, Texas, that was built in 2013. The Landing at Stone Oak was originally marketed in late 2023, but the process came to a halt when ownership chose to continue improving operations rather than transact. The operational turnaround was not guaranteed, but the seller successfully made meaningful improvements and re-engaged Blueprint to divest. The transaction closed just 50 days after LOI execution. Giancarlo Riso, Steve Thomes and Kory Buzin handled the transaction. Read More »
Investor Acquires Full AL/MC Community
A local private investment group divested its stabilized seniors housing community, Village at Oakwood Assisted Living. Originally built in 2010 with use of multiple layers of tax credits, the building comprises 90 assisted living and memory care units. The high-quality physical plant sits in Oklahoma City, Oklahoma, and was 100% occupied at the time of sale. It focuses on lower income residents through Oklahoma’s Medicaid waiver program and operates under a HAP contract. Because of the use of tax credits for the original development and the HAP contract, multiple layers of government and regulatory approvals were required before a new buyer could take on the building. Daniel Morris... Read More »
Joint Venture Expands Its Portfolio
Foundry Commercial and Fortress Investment Group acquired two seniors housing communities in Central Florida with a combined 180 assisted living and 72 memory care units (a total of 260 beds). This is the joint venture’s second transaction, marking the third and fourth communities added to the joint portfolio. The undisclosed seller was represented by JLL Seniors Housing Capital Markets. Alto Tavares was built in 2012, and Alto Clermont opened in 2014. Both will continue to be operated by Allegro Living, Foundry Commercial’s affiliated management company, under its Alto brand. The operator, which has managed the communities since 2017, plans to make interior improvements at both locations... Read More »
California SNF Gets New Operator
Evans Senior Investments helped the owner of a 120-bed skilled nursing facility find a new operator. The new management company, which has a strong regional footprint, will pay $3.75 million in annual rent to the investor owner, Don Gormly. Built in 2016, the 120-bed facility is Anberry Transitional Care in Merced, California. Its occupancy was consistently high, averaging over 90%. And the facility was very profitable, operating at more than a 20% margin. So, the new operator will hit the ground running. There were some obstacles in getting the transaction to closing, such as the federal government shutdown, California regulatory approvals and the HUD Change of Operator process, but it... Read More »
CCRC Secures Funding for Expansion
Ziegler announced the closing of Friendship Village of Kalamazoo’s $103.585 million Series 2026A, B-1, B-2, and B-3 bonds issued through the Economic Development Corporation of the City of Kalamazoo. Lifecare, Inc., doing business as Friendship Village Kalamazoo, is on approximately 72 acres within Kalamazoo, Michigan. The 364-unit CCRC comprises 230 independent living units (180 apartments and 50 garden homes), 54 assisted living units in its Woodside facility, 23 memory care units, and 57 skilled nursing beds. LCS will manage the community. A portion of the Series 2026 bonds will be used to add new and upgraded amenities to the campus, add more independent living units, and replace the... Read More »
2025 M&A and Valuation Stats Preview
Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Matthew Alley of Senior Living Investment Brokerage, Bryan Lockard of JLL Valuation & Advisory, and Brittany Spicer of National Health Investors to discuss last year’s M&A market and to preview our Senior Care Acquisition Report. Panelists reviewed key statistics, including average pricing and cap rates. They also discussed 2026 expectations, new entrants and potential challenges facing the industry. The webinar concluded by asking panelists who they would rather be in 2026: a buyer or seller of Class-A or Class-B stabilized assets, or a best-in-class operator. Read More »The Ensign Group Inc’s Strategic Move in Skilled Nursing Facility Sector in LevinPro Database
The Ensign Group Inc has been linked to a skilled nursing facility merger or acquisition in the LevinPro M&A deal database. The organization is affiliated with Youngtown Health, Inc., a private skilled nursing facility situated at 12207 N 113th Ave in Youngtown, Arizona. It was incorporated on October 28, 2009. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Youngtown Health, Inc. in its deal database, which is available to subscribers <a href=”www.levinassociates.com/levinpro”>here</a>. LevinPro has tracked thousands of... Read More »The Ensign Group Inc’s Expansion in Skilled Nursing Facilities in LevinPro Database
The Ensign Group Inc has been linked to a skilled nursing facility merger or acquisition in the LevinPro M&A deal database. The organization is affiliated with Ensign Panorama Llc, a private skilled nursing facility situated at 9541 Van Nuys Blvd in Panorama City, California. It was incorporated on June 19, 2000. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Ensign Panorama Llc in its deal database, which is available to subscribers www.levinassociates.com/levinpro here. LevinPro has tracked thousands of deals in the skilled nursing facility... Read More »Schedule a demo
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