60 Seconds with Swett: An Update to Our Valuation Statistics
The deal dynamics of 2025 appear to have changed very little, with a majority of transactions featuring value-add properties, a slowly increasing share of stabilized, Class-A properties being sold, steady improvements to the capital markets and liquidity and cap rates that have moved only slightly downwards. Taking all of those factors into account, we would expect values, both apples to apples and on an average basis, to have risen in 2025, so far. We will be presenting our latest valuation statistics, derived from our proprietary LevinPro LTC data, in our August 28th webinar, titled A Mid-Year Valuation Stats Update, sponsored by HealthTrust. Plus, our three expert panelists will be... Read More »
PACS Group Gets Breathing Room After Defaults
PACS Group (which operates 314 communities across 17 states), Truist Bank, and PACS’ lenders entered into forbearance agreements on Wednesday, August 13. This is the fifth change to the agreements. Deficiencies in financial reporting across multiple periods resulted in defaults under its master lease with Omega Healthcare Investors, which triggered related defaults under the company’s credit agreement. Truist and the lender group agreed to hold off on taking action over the defaults until October 31, 2025, with the option to extend that deadline to November 30 or longer if they choose. The landlords under the Omega Master Lease also agreed to pause enforcement during this same... Read More »
Joint Venture Acquires Class-A Arizona IL/AL Community
Principal Asset Management (Principal Financial Group’s investment management division) and IRA Capital announced the acquisition of American Groves, a Class-A seniors housing community in Gilbert, Arizona, for $44.5 million, or $500,000 per unit. The sale was facilitated by JLL Capital Markets on behalf of the seller, American Care Concepts and Reichmann International Realty Advisors, which developed the community in 2021. American Groves is a two-story, 89-unit community, offering independent and assisted living services. Each unit has the ability to transition between independent and assisted living in response to changing resident needs, enabling the community to adapt to future... Read More »
Integrated Senior Foundation Purchases Seniors Housing Portfolio
JLL Securities and JLL Capital Markets arranged $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation’s acquisition of three well-performing seniors housing communities in Oregon (2) and Montana. JLL secured a low spread bridge loan, financing the acquisition at 103% loan to cost. The JLL Securities team was led by Greg Fawcett as placement agent, and the JLL Capital Markets Seniors Housing team was led by Senior Director Alanna Ellis and Associates Alex Sheaffer and Erik Cassella. The three assets collectively comprise 155,058 square feet and feature 287 units, including 23 independent living, 190 assisted living and 74 memory care units. They... Read More »
A Missouri SNF Turnaround and a Tennessee AL Conversion
Andrew Montgomery and Jeremy Warren of Montgomery Intermediary Group stayed active throughout the summer, beginning with a couple of closings in the Midwest. In addition to those closings, the team facilitated the sale of a skilled nursing facility in a smaller Central Missouri market. Built in 1967, the facility features more than 90 beds and was between 35% and 40% occupied at the time of sale. The seller was a local Missouri owner, and the buyer was a repeat MIG client. The turnaround asset is in a rural area, and while the purchase price was not disclosed, it was said to be in line with similar deals that MIG has closed in comparable Missouri markets. Montgomery and Warren also handled... Read More »
Blueprint Handles Ohio Sale
Connor Doherty and Ryan Kelly of Blueprint facilitated the sale of a skilled nursing facility in Ohio on behalf of a group of investors from around the area looking to exit the business. The asset featured a phased physical plant with modernized components and was operating at strong occupancy levels at the time of marketing. The facility benefited from stable operations, a solid patient mix, and established referral relationships. Blueprint targeted buyers aligned with the facility’s operational consistency and long-term positioning in the market. There was interest from multiple regional and national operators seeking to expand their footprint and add scale within the state, resulting in... Read More »Elderwood at North Creek Involved in M&A Activity in LevinPro Database
Elderwood at North Creek has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 112 Ski Bowl Rd in North Creek, New York. It was incorporated on April 6, 2017. 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 Elderwood at North Creek in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for information... Read More »Merger or Acquisition: The Clares/Terraces at the Clare Featured in LevinPro Database
The Clares/Terraces At The Clare has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 55 E Pearson St in Chicago, Illinois. It was incorporated on September 19, 2019. 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 The Clares/Terraces at the Clare in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or... Read More »
WesBanco Launches New Healthcare Vertical
WesBanco Bank recently launched its dedicated healthcare vertical, under the leadership of Suzanne Myers as EVP-Commercial Healthcare Director, and is already off to the races with a handful of senior care transactions closed. The strategic initiative will provide financing across the continuum of care, including seniors housing, skilled nursing, CCRCs, hospitals and specialty care. So far this year, the bank has closed over $200 million in closed loans for acquisitions, recapitalizations, working capital and bridge-to-HUD loans for clients across the Midwest and Mid-Atlantic. Plus, there is a pipeline of closings that exceeds $500 million for 2025. It is great to see that kind of... Read More »
LTC Properties Acquires Class-A California Community
JLL Capital Markets completed the sale of Loma Clara, an 89-licensed-bed, Class-A seniors housing community in Morgan Hill, California. JLL’s Seniors Housing Capital Markets team marketed the property on behalf of the seller, Steadfast Senior Living, and procured the buyer, LTC Properties. The REIT acquired the community within its SHOP segment with an estimated year-one yield of 7%, and will retain Discovery Management (an affiliate of Discovery Senior Living) as the operator, establishing a new relationship. Completed in 2018, Loma Clara is a two-story building offering 42 assisted living units and 25 memory care units with 41 beds. The property is 92% occupied and is a full private-pay... Read More »Schedule a demo
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