Dwight Capital Finances Large Portfolio Acquisition
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed a $230 million bridge loan to support the acquisition of a senior care portfolio. The portfolio comprises 19 assets spread throughout Ohio, and, together, they total 1,896 skilled nursing and assisted living beds. In conjunction with the bridge loan, Dwight Healthcare Funding provided a $12 million working capital line of credit to support the portfolio’s ongoing operational needs. The $230 million financing marks DMT’s largest bridge transaction to date. It was originated by Adam Offman, Managing Director of Healthcare Finance, and Yossi Benish, Vice President of Business Development. Read More »
Mid-Atlantic Seniors Housing Community Secures Refinancing
Steven Muth, Austin Sacco and Garrett Sacco of Berkadia Seniors Housing & Healthcare arranged up to $33.1 million in financing for a seniors housing community with more than 150 units in the Mid-Atlantic. The refinance included an initial loan of $28.1 million, providing over $8 million for unit upgrades and common area improvements. Additionally, Berkadia negotiated a $5 million earn-out, which could increase the total loan balance to $33.1 million upon achieving certain coverage metrics. There was significant interest in this loan request, with the financing ultimately being secured through a regional bank. Read More »Azria Health Wichita Linked to Merger or Acquisition in LevinPro Database
Azria Health Wichita has been linked to a merger or acquisition according to the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 7057 W Village Cir in Wichita, Kansas. 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 Azria Health Wichita 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 on subscription options, go to... Read More »Surprise Health and Rehabilitation Center Linked to Merger or Acquisition in LevinPro Database
Surprise Health and Rehabilitation Center 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 14660 W Parkwood Dr in Surprise, Arizona. It was incorporated on June 7, 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 Surprise Health and Rehabilitation Center 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... Read More »The Laurels of Bon Air Joins M&A Activity in LevinPro Database
The Laurels of Bon Air 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 9101 Bon Air Crossings Drive in Richmond, Virginia. It was incorporated on June 8, 2005. 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 Laurels of Bon Air 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... Read More »
60 Seconds with Steve Monroe: What Do People Really Think?
In our Second Quarter 2025 investment webinar, moderator Ben Swett asked our audience of a few hundred what they thought about several important topics. Overwhelmingly, 82% of the attendees indicated they would rather buy than build in today’s market, which was surprising given two facts. One, the current inventory is aging and showing it, and two, with very little new development, when the new ones do open, they will have a commanding market presence and should be in high demand. On the labor front, 48% of the attendees thought scarcity of labor would be the most pressing issue moving forward, with 24% believing it will be the cost of labor. It was admitted, however, that scarcity will... Read More »
Publicly Traded Healthcare REIT Acquires in Minnesota
Lee & Associates’ Senior Housing team, led by Robert Black, represented a Scottsdale, Arizona-based developer in the sale of a Class-A seniors housing community in Saint Paul, Minnesota. Developed by the seller in 2019, the building features 101 independent living, assisted living and memory care units. There was strong interest in the asset, generating multiple competitive offers. A publicly traded healthcare REIT emerged as the ultimate buyer, acquiring the fully stabilized community for $28 million, or $277,200 per unit. Read More »
Ivy Healthcare Group Divests to Regional Owner/Operator
Engaged by Ivy Healthcare Group, Evans Senior Investments facilitated the sale of a skilled nursing facility in Gastonia, North Carolina. Ivy at Gastonia comprises 50 beds and has a strong operational foundation. ESI secured a regional owner/operator as the buyer. The incoming operator is expected to benefit from a favorable reimbursement environment and the potential for further margin improvement through continued operational enhancements. The deal progressed quickly. An LOI was signed just 20 days after going to market, and closing occurred within 45 days of contract execution, wrapping up the entire process in less than four months. Based on conversations with those involved and... Read More »
Denver-Based Owner/Operator Grows in Colorado
Blueprint represented a court-appointed receiver in the sale of a three-asset seniors housing portfolio in the Grand Junction, Colorado MSA. The portfolio included two assisted living communities and one standalone memory care community. At the time of sale, the communities were collectively 65% occupied and breaking even on a combined basis. Built between the late 1990s and early 2000s, the two assisted living communities each comprise 50 units and require some capex, presenting an opportunity to add value. One was 75% occupied and the other 85%. The payor mixes were split roughly 60/40, reflecting the communities’ role in serving a real need for Medicaid-assisted living in the... Read More »
Ohio Skilled Nursing Facility Changes Hands
Connor Doherty and Ryan Kelly of Blueprint closed the sale of a 61-bed skilled nursing facility located southeast of Columbus, Ohio. While the facility was experiencing operational challenges at the time of marketing, it had a long-standing reputation for providing quality care to the community. Blueprint’s marketing process emphasized the facility’s six-decade legacy and strong local brand, along with the opportunity to enhance operations under new leadership. A smooth handoff in operations was a consideration in the transaction, and the buyer, a growing regional platform with values and an organizational approach aligned with those of the seller, was well-positioned to carry the... Read More »Schedule a demo
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