Another Record Year for VIUM
VIUM Capital keeps raising the bar in transaction volume, announcing another record-setting year in 2025, closing 96 transactions totaling over $2 billion in par value, representing the largest total of financings closed in the firm’s nearly six-year history. Most of that volume came from bridge loans originated by VIUM through its joint venture partner Merchants Bank of Indiana, including both direct bank balance sheet executions and loans originated through VIUM’s healthcare debt fund. There were 35 separate loans totaling $1.1 billion. On the HUD side, VIUM closed 61 LEAN transactions totaling $948.2 million, earning it the second spot in the LEAN rankings for number of loans... Read More »Ventas Divests to Joint Venture
Berkadia announced that it handled the sale of a California seniors housing community, and refinanced a separate Montana community. Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, sold to an institutionally capitalized partnership. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the transaction. Following a review of multiple offers, the seller selected a joint venture between Shelter Real Estate Investment Strategies and Calson Management as the buyer. Ventas included the community in its most recent property list. Berkadia next announced the refinancing of Bozeman... Read More »Behavioral Buyer Gets Vacant VA Asset
Some brokers have been taking advantage of behavioral health providers’ desire to grow in order to sell vacant seniors housing assets, and getting higher prices for their clients as a result. Toby Siefert and Dave Balow of Senior Living Investment Brokerage arranged the sale of Mayfair House, a 53-unit assisted living community in Portsmouth, Virginia (Norfolk MSA), that was sold vacant by a local owner/operator of seniors housing communities in the Shenandoah Valley and surrounding areas. The community was built in 1994 and features 27,300 square feet on 1.3 acres. As a seniors housing asset, a sale would not get the seller the value they needed. But Siefert and Balow engaged some... Read More »Tenant Acquires California Property
JCH Senior Housing Investment Brokerage announced the sale of a 77-unit assisted living/memory care community in the High Desert region of California. This property was originally structured as a five-year lease with a purchase option. But just 15 months into the lease term, JCH closed an $8.5 million, or $110,400 per unit, sale. The property’s single-asset owner was retiring, and the incoming owner is an experienced regional operator. During the lease period, the tenant/buyer expanded bed capacity, enhancing the future revenue and NOI opportunity. That is what led them to exercise the purchase option well ahead of schedule. Cindy Hazzard and Jennifer Contreras served as the lead... Read More »Greystone Divests Supportive Living Facility
Evans Senior Investments announced the sale of Foxes Grove Supportive Living, a 105-bed supportive living facility in Wood River, Illinois. The buyer was the existing tenant, a regional owner/operator. ESI originally structured the purchase agreement for a 13-property portfolio, including this asset. It appears as though Greystone was the seller. According to LevinPro LTC, Greystone acquired the 1,662-bed portfolio in 2020. The deal included 12 skilled nursing facilities and this supportive living community, with 12 assets in Illinois and one in Missouri. More details on that transaction, which marked Greystone’s entrance into both states, can be seen here on LevinPro LTC. Read More »
60 Seconds with Swett: Annual M&A Activity Shatters Records
We may sound like a broken record, but the M&A market keeps setting records and reaching new heights in the seniors housing and care industry. And it is smashing the previous records. In 2025, LevinPro LTC recorded 871 publicly announced transactions, which broke the previous annual record set in 2024 by 21%. Not only that, 2024’s total had beaten the previous annual record by 28.5%. So we have been on a proverbial rocket ship in the last two years. Much of the activity has centered around the seniors housing market, as despite intense buyer demand for skilled nursing facilities, there has been a relative dearth of facilities available for sale. Seniors housing deals, meanwhile, have... Read More »
Sonida Finances CNL Merger
Sonida Senior Living announced that it has secured $900 million of committed permanent debt financing, inclusive of a $350 million accordion feature that provides for total potential capacity of up to $1.25 billion, to support the previously announced definitive merger agreement with CNL Healthcare Properties. The financing replaces the existing 364-day $900 million bridge facility provided by RBC Capital Markets and BMO Capital Markets, refinances CHP’s corporate credit facilities, and supersedes Sonida’s existing revolving credit facility at transaction close. Sonida entered into a new and upsized $375 million four-year secured revolving... Read More »
CareTrust Acquires High-Priced SNFs
CareTrust REIT kicked off 2026 with the acquisition of six skilled nursing facilities in the Mid-Atlantic with 532 total beds. The assets are operated by a tenant new to CareTrust under a long-term triple net lease with annual inflation-based rent escalators and multiple renewal options. The purchase price was $142 million including transaction costs, or $266,900 per bed, and was funded using cash on hand. The portfolio is expected to generate a 9% stabilized yield. That is quite a high valuation for SNFs, but we imagine they were located in strong reimbursement states, and the buyer demand for facilities is very high. In 2025, CareTrust closed $1.8 billion of investments, entered the... Read More »
Underperforming SNF Trades in Glendale
After The Ensign Group announced that it took over the operations of Agave Grove Post Acute, Evans Senior Investments announced that it handled the sale of the facility, representing Glencroft, an Arizona-based not-for-profit seeking an exit from the sector. The 225-bed skilled nursing facility in Glendale, Arizona, was 47% occupied at the time of marketing with a one-Star CMS rating. However, the property sits in a prime location adjacent to Sun City, offering a built-in referral network that should aid in Ensign’s turnaround efforts. An undisclosed buyer paid $30.15 million, or $134,000 per bed, for the facility. This price was reached after a... Read More »Family Divests Upstate New York ALP
After running an assisted living/memory care community in Lockport, New York (Rochester MSA), for over three generations, a family has decided to divest and exit the industry. They engaged Dave Balow, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage to sell the asset. Built in 1982 and 1988, with a memory care expansion in 2017, Briarwood Manor features 160 licensed Assisted Living Program (ALP) beds in 113 units. It was well maintained over the years and competes directly with the upper-end private pay communities in the area. However, it was just 44% occupied based on 158 operational beds, and the community was losing around $750,000 on $3.5 million of revenues. ... Read More »Schedule a demo
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