Dwight Capital’s Q3 Senior Care Financings
Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) provided a combined $284 million in seniors housing financings during the third quarter of 2025. The transactions included a mix of HUD, bridge, and revolving line of credit financings across 14 states. One of the featured transactions, originated by Adam Offman, was a $26 million HUD 232/223(f) refinance closed by Dwight Capital for Advanced Center for Nursing and Rehab, a 226-bed skilled nursing facility in New Haven, Connecticut. Proceeds will refinance existing debt and fund capital improvements. In another featured transaction originated by Offman, DMT provided a $24.5 million bridge... Read More »
Separate Sponsors Secure Funding
MONTICELLOAM, LLC announced two separate financings in California and New York. First was a $19.75 million senior bridge financing for the acquisition of an assisted living and memory care community with 141 units in central California, near the Bay Area. The financing carries a 24-month initial term and was completed on behalf of a new client, an established real estate operator. The transaction was originated by MONTICELLOAM Senior Managing Director, Originations, Karina Davydov. In another transaction, MONTICELLOAM financed a $44 million senior bridge loan for a 197-bed assisted living community in the suburbs of New York City. The floating-rate loan, structured with an initial 12-month... Read More »
Ziegler Closes Two Financings for Not-For-Profits
Ziegler closed a $72 million Series 2025 bond financing for the benefit of Air Force Enlisted Village, Inc., a Florida not-for-profit organization. The obligor was established in 1968 at the direction of the United States Air Force to house widows of enlisted veterans of the Air Force and currently, if space is available, retired enlisted Air Force couples, single Air Force retirees, enlisted retirees from other branches of the armed services and spouses of enlisted members who die or who were killed on active duty or active-duty members when tragedy or disaster strikes. In 1975, the organization purchased its first seniors housing community and within a few years, local leaders,... Read More »
3rd Quarter Investor Call
On Thursday, October 23, The SeniorCare Investor’s Ben Swett moderated a panel featuring expert panelists Erik Lindenauer of NewPoint Real Estate Capital, Sarah Anderson of Newmark, and James Scribner of Scribner Capital. The discussion focused on the lending landscape amid improved capital markets, and expectations heading into 2026. Panelists examined the roles of key lenders HUD, Fannie Mae, Freddie Mac, banks and lifecos, and how competition among them has intensified with growing borrower demand. They also reflected on lessons learned from the capital markets chaos, and agreed that seniors housing lending and M&A activity will continue to grow in 2026. Read More »
Seniors Housing and Care M&A Activity Remains Strong Through Q3:25, Suggesting Another Potential Record Year
The number of publicly announced seniors housing and care acquisitions in the third quarter of 2025 totaled 205 deals, based on new acquisition data from LevinPro LTC. This represents a 13% increase from the 182 transactions disclosed in the second quarter of 2025 as well as from the 182 deals in Q3:24. Additionally, the $3.47 billion spent on Q3:25 transactions fell by 36% from the $5.42 billion spent on Q2:25 transactions, and rose by 14% from the $3.05 billion spent in the year-ago third quarter, based on disclosed prices. Publicly announced acquisitions were fairly evenly distributed across the quarter, with July and August each recording 66 transactions and September contributing 72.... Read More »
REIT Acquires Full-Continuum Community
Amy Sitzman and Giancarlo Riso of Blueprint facilitated the sale of a full continuum, Class-A asset in North Ogden, Utah. Opened in 2019, The Lodge at North Ogden has 22 independent living, 70 assisted living and 30 memory care units. The community exhibited consistently strong cash flow and historically successful operations. Plus, there is expansion potential through the ability to develop 26 independent living cottages. During the marketing process, the outgoing operator made some adjustments to the go-to-market strategy that resulted in a drop in occupancy and a shift in overall performance metrics. Despite this, the process generated nine competitive offers after emphasizing the... Read More »
Joint Venture Continues to Grow Its Portfolio
Blueprint represented a large, institutional private equity firm in its divestment of an assisted living and memory care community, which Benchmark Senior Living and National Development ultimately acquired. Built in 2013, the 85-unit Arbor Terrace Roseland is in Roseland, New Jersey, near New York City. It was over 91% occupied with an EBITDAR margin of around 30% at the time of the sale. The asset has historically demonstrated resilient performance with occupancy in the mid-80s and healthy margins dating back to 2019. Steve Thomes, Korzy Buzin, Brooks Blackmon and Lauren Nagle handled the sale, and Synovus Bank provided acquisition financing. This purchase expands Benchmark’s Garden... Read More »
Berkadia’s Q3 Financing Activity
Berkadia’s Seniors Housing & Healthcare platform completed over $1.54 billion in financing for seniors housing communities as of the end of the third quarter. Under the leadership of SVP, Head of FHA & Seniors Housing Finance Steve Ervin, the platform facilitated $350 million in PLG Bridge with participations, $258 million in HUD 232/223(f) financings, and $934 million in GSE and third-party placements. In total, these efforts financed 88 properties, encompassing 10,653 beds/units. Notable third-quarter transactions include Managing Director Jay Healy and Director Andrew Lanzaro closing 13 loans totaling $178 million, comprising nine HUD 232/223(f) loans for $102 million and five... Read More »
Not-For-Profit Acquires Land Contiguous to Its CCRC
Ziegler announced the closing of Series 2025 bonds for Shenandoah Valley Westminster-Canterbury. Tad Melton and the Mid-Atlantic Team led the transaction on behalf of the sponsor, which has partnered with Ziegler for 20 years. Shenandoah Valley Westminster-Canterbury (SVWC) is a Virginia not-for-profit organization that owns and operates a CCRC located in Winchester, Virginia. It was founded in 1982 and provides housing, health care, and other services on its 87-acre campus through the operation of 311 independent living units (257 apartments and 54 cottages), 48 assisted living units, 12 memory care units and 51 skilled nursing beds. Having recently completed a two-phase, 97-unit... Read More »
LTC Properties Divests More SNFs
LTC Properties has completed its effort to divest seven skilled nursing facilities after one of its top 10 operating partners decided it was not renewing its master lease for these facilities, instead choosing to downsize and exit some states. In early October, the REIT announced that it sold two of the skilled nursing facilities in Florida for $42 million, or $175,000 per bed, with expectations of a gain on the sale of approximately $26 million. The company more recently announced that it completed the sale of the other five facilities. The four Virginia SNFs sold for $51 million and the California asset sold for $29 million. LTC Properties expects a gain on this sale of... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
