Senior Living Portfolio Trades in Colorado
Ownership of a well-performing senior living portfolio in Colorado recently transferred. Bonaventure Senior Living, a Pacific Northwest senior living provider, sold four of its communities to Oakmont Senior Living, a California-based operator with a growing national footprint. Bonventure decided to divest in order to concentrate its operational resources and capital on the Pacific Northwest. The company’s portfolio now encompasses 24 communities, all of which are located across Washington, Oregon, and Idaho. Terms of the transaction were not disclosed. Read More »
Ohio AL/MC Community Secures Refinance
Ziegler served as the lead financial advisor in the placement of a $10.35 million loan to refinance existing indebtedness for an 80-unit assisted living/memory care community in Toledo, Ohio. Patrick Lee, Managing Director in Ziegler’s Senior Housing & Care Finance Practice, advised and negotiated the transaction for the borrower, a private owner. John Gast, Michael McGinnis and Jake Chivini also supported the transaction. The loan was placed with Stride Bank with terms designed to support the objectives of the sponsor, borrower and residents. The financing also highlighted Stride’s ongoing relationship with Ziegler, while establishing a new relationship with the sponsor... Read More »
Public REIT Lands Portfolio in Competitive Sale
A portfolio of Class-A seniors housing communities sold in the Southeast to an undisclosed publicly traded REIT. Featuring six assets in Georgia and South Carolina, the portfolio totaled 156 independent living, 200 assisted living and 70 memory care units. The communities were built between 2017 and 2022 by a Southeast-based developer. Occupancy was around 83% across the portfolio. The bidding environment was very strong for the deal (Class-A portfolios are certainly in vogue these days, particularly when they have a full continuum of care), and a publicly traded REIT that primarily focuses on seniors housing and healthcare assets emerged from the pack, beating 20 other bids. Dan Geraghty,... Read More »
Regional Owner/Operator Acquires Ocala AL Community
The third and final asset in the Hampton Manor portfolio has sold with the help of Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage. Hampton Manor Deerwood in Ocala, Florida, was built in 2005 and expanded in 2016 to now feature 61 units of assisted living. The property is stabilized, so the new owner can hit the ground running with its operational plan. It was previously owned by a partnership between a Florida-based capital provider and a regional operator. The sale of two other assets in the portfolio closed in September 2025, while the Ocala property was awaiting HUD TPA approval. A regional owner/operator bought it for an undisclosed price. Public records showed... Read More »
Second Generation Operator Divests SNF Portfolio to PE Firm
A Northeast-based private equity firm engaged Daniel Morris of Plains Commercial Real Estate in its plan to enter a new state. The firm has an existing skilled nursing footprint, and had specific acquisition criteria, which narrowed the focus down to a few potential targets. The company ultimately acquired a five-facility, 506-bed skilled nursing portfolio in Oklahoma. It was owned by a second generation skilled nursing operator that had been planning a retirement over the next couple of years. After a couple of initial discussions, the parties came to an agreement with a price that met the seller’s exit requirements, resulting in the sale. Read More »
CIBC Springs Ahead with Deal Flow
CIBC has been hard at work this Spring, successfully closing several acquisition financings for senior care clients across the country. The largest was a $51.5 million term loan that supported the purchase of four skilled nursing facilities in Illinois totaling 586 beds. Historical performance trended positively over the last two years across the portfolio, and going forward, occupancy is expected to be in the high-70% range, with continued improvement in operating margins. The borrower received the term loan plus a $2.5 million capital expenditure non-revolving line of credit and an $8 million working capital revolving line of credit. Dan Forrer handled the transaction for CIBC Bank USA.... Read More »
National Healthcare Properties Kicks Off IPO Push
National Healthcare Properties, Inc. launched its public offering of 38.5 million shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the SEC. The initial public offering price is expected to be between $13.00 and $16.00 per share, and the company expects to grant the underwriters a 30-day option to purchase up to an additional 5.775 million shares to cover overallotments, if any. It applied to list its Class A common stock on Nasdaq under the ticker “NHP.” National Healthcare Properties intends to use the net proceeds received from the offering to repay approximately $186.0 million of outstanding indebtedness under its revolving credit facility,... Read More »
60 Seconds with Swett: Institutional M&A Strategies
With the lack of new development and the alluring demographic opportunity in seniors housing, it has felt like a race among many institutional investors to grow their portfolios in the M&A market. Bidding environments have grown intense for high-quality assets, driving prices up, cap rates down, and the losing bidders more and more frustrated, and thus willing to go off market with high offers. The REITs have all been trying to catch up to Welltower, and have been very competitive in the bidding process. Major funds and investment firms that bowed as buyers after the pandemic and the capital markets crisis have largely returned to the space, and new entrants are increasingly knocking... Read More »
Regional Owner/Operator Enters New State
A regional owner/operator looking to enter the state of Indiana acquired Smith Farms Manor, an independent living community in Auburn, about 30 miles south of the Michigan border. Built in 1998, the community features 51 units and is well maintained. It sits on an attractive four-acre campus down the street from Parkview DeKalb Hospital and off of Interstate 69. However, there is room for improvement, as occupancy was 53% and the community was losing money on around $1.9 million of revenues. Its Missouri-based regional owner/operator had acquired the asset as part of a portfolio purchase and was divesting due to it not being a good long-term fit for the company. Jeff Binder, Ryan Saul,... Read More »
Skilled Nursing Portfolio Gets New Operator
Evans Senior Investments secured a new lease for a skilled nursing portfolio in Tennessee on behalf of an institutional owner. The portfolio features four assets and was operating below 70% occupancy with margins under 10%. Despite that performance, ESI secured a lease $3 million above in-place cash flow, reflecting the operational upside that was unrealized by the prior operator. The new operating tenant is entering the state through the transaction. Read More »Schedule a demo
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