LevinPro’s New Valuation Tool
Steve Monroe and Ben Swett sat down for an in-depth demonstration of LevinPro’s brand-new valuation tool, showing off its accuracy and usefulness for valuing seniors housing and skilled nursing properties in today’s M&A market. Read More »
60 Seconds with Swett: Will Q4 Set Records?
Happy fourth quarter everybody, and it should be a record-breaking one with all of the transaction pipelines we are aware of. Of course, deals have to close, and some will inevitably be kicked to Q1. But there is enough optimism among buyers, lenders, operators and certainly the brokers that dealmaking activity should hit new heights in the coming months. We are already at a record-breaking M&A volume in 2025, with a sensational summer culminating in September hitting a 2025 monthly high with 70 deals announced, and counting. Only two other months have ever surpassed 70 deals, and they were in 2024. On an annualized basis, we would hit 840 deals at that level. And based on the... Read More »
SLIB Closes Class-A Deal in Wisconsin
A Class-A seniors housing community in Wisconsin found a new owner thanks to Jason Punzel, Jake Anderson and Ryan Saul of Senior Living Investment Brokerage. Built in the last couple of years, the high-quality asset featured approximately 125 units of independent living, assisted living and memory care. Occupancy was strong above 90%, and financial performance was solid. Its newer vintage attracted significant interest from national, regional and institutional investors, and SLIB procured multiple offers for the seller. A public REIT was disclosed as the selected buyer and will keep the current management company as the operator. It seems like the deal could be a part of LTC Properties’... Read More »
LTC Properties Adds Five Communities to Its SHOP Portfolio
Just days after LTC Properties added two Kentucky assets to its SHOP portfolio through an off-market transaction totaling $40 million, the REIT announced a larger SHOP acquisition involving five seniors housing properties in Wisconsin. The Class-A portfolio features a total of 520 units of independent living, assisted living and memory care. It was stabilized, with an average property age of six years and an expected year-one yield of approximately 7%. Lifespark, a new LTC operating partner, has managed the communities since 2021 and will continue to do so. LTC Properties paid $195 million, or $375,000 per unit, financed through a line of credit, proceeds from previously disclosed property... Read More »
Forbright Bank Announces Several Financings
Forbright Bank had a busy end to the summer, announcing a series of closings for a mix of seniors housing and skilled nursing properties across the country. The largest individual transaction was a $50 million term loan that refinanced the existing debt on three skilled nursing facilities in Florida. Forbright underwrote the bridge-to-HUD loan for a near-term HUD takeout to be facilitated by its HUD team. The bank also provided a $3 million revolver to support the facilities’ working capital needs. Forbright also partnered with HJ Sims to provide a $38 million bridge loan to fund the acquisitions of three skilled nursing facilities in Chicagoland. Forbright financed a few other... Read More »
Joint Venture Receives Acquisition Financing
BMO’s Healthcare Real Estate Finance group announced its role in providing acquisition financing to IRA Capital and Principal Asset Management for their purchase of an 89-unit seniors housing community in Gilbert, Arizona. American Care Concepts and Reichmann International Realty Advisors developed American Groves Senior Living in 2021 and have owned it since then. Each of the 89 units can transition between independent and assisted living in response to changing resident needs. Currently, occupancy is 100%, and we imagine the property operated at a healthy margin. IRA Capital and Principal Asset Management announced that they paid $44.5 million, or $500,000 per unit, for the... Read More »
Regional Owner/Operator Takes on Distressed SNFs
Blueprint was engaged to market Project Golden Gopher, which features two properties with 230 skilled nursing beds in Hopkins and Rochester, Minnesota. The assets were owned by a publicly traded REIT and marketed on a distressed basis. Connor Doherty, Ryan Kelly, Amy Sitzman, Giancarlo Riso and Will Roberts handled the transaction. Though the facilities were challenged, they presented clear upside through census growth and operational enhancements. The properties are near acute care hospitals, enabling an incoming operator to establish strong referral relationships. Following a targeted marketing process, Blueprint generated significant investor interest and ultimately selected a... Read More »
LTC Properties on Track for Projected 2025 Pipeline
LTC Properties added two Kentucky assets in the Nashville, Tennessee MSA, to its SHOP portfolio through an off-market transaction. Both assets opened in the first half of 2023 with 158 total assisted living/memory care units. More than 50% of those units were pre-leased, and they achieved full stabilization in an average of 20 months. Since then, they consistently performed well and were stabilized at the time of closing. It is expected that the communities will deliver a year-one yield of approximately 7%. One of the buildings appears to be Charter Senior Living of Hopkinsville, which has 56 assisted living and 23 memory care units. The private-pay units are in a single-story, 65,000... Read More »
SLIB Handles Michigan Portfolio Deal
A seniors housing portfolio in Michigan traded hands with the help of Dan Geraghty, Brad Clousing and Jeff Binder of Senior Living Investment Brokerage. Set in secondary markets, the portfolio consists of four late-1990s vintage properties that are well maintained and well regarded in their respective communities. They also experienced continued occupancy growth throughout 2025 but still represented an opportunity for a new regional owner/operator to hit the ground running in boosting performance through a hands-on management approach and leveraging existing referral networks. A national owner/operator deemed the portfolio no longer fit with its long-term operational objectives and slated... Read More »
Two Central Florida Communities Trade
Two assisted living/memory care communities set in between Orlando and Gainesville, Florida, found a new in-state owner. Located about 10 miles apart in Ocala and Belleview, the communities total 83 units and were previously owned by a partnership between a Florida-based capital partner and a regional operator. Both assets are cash-flowing but have upside potential for a new owner. There is also a third asset currently awaiting a HUD assumption and will transition once the approval is complete. Its new owner will be a Florida-based owner/operator, which is acquiring the whole portfolio. Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage handled the transaction. Read More »Schedule a demo
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