LCS and Vi To Merge
LCS and Vi announced a strategic merger, adding Vi’s 10 communities and 4,000 residents to the LCS portfolio of more than 130 communities. Vi has entrance-fee CCRCs in Florida (3), Arizona (2), California (2), Colorado, Illinois and South Carolina. Depending on regulatory approvals, the merger is expected to close in mid-2026, with both companies continuing to operate independently until that point. Vi is the rebranded Classic Residence by Hyatt portfolio, which was founded by Penny Pritzker in the 1980s. Meanwhile, LCS was founded in 1971 by Fred Weitz. Read More »
Kiser’s Myers Announces Closings
Mark Myers has had an active year since leaving Walker & Dunlop in January 2025 to go to SVN before exiting that shop in May to co-create a seniors housing brokerage platform with Kiser Group. But a few deals that he worked on with his previous teams have also recently closed. The largest was the sale of Sarah Neuman, a 301-bed skilled nursing facility in Mamaroneck, New York, that was owned by The New Jewish Home (NJH). Despite negative EBITDA, the high-end, well-located facility sold for $76 million, or $252,500 per bed. The private buyer has significant SNF holdings across the country and showed considerable patience as it took over three years for the state to issue the... Read More »
Blueprint Handles Five-SNF Portfolio Deal
Giancarlo Riso and Amy Sitzman of Blueprint advised a client on a sale and HUD 232 process of five skilled nursing facilities located in central and west Texas. The facilities totaled 424 beds and featured positive cash flow. They had attractive, fixed-rate HUD debt of 2.8% and long remaining terms with maturity dates starting in 2035 through 2044, presenting an incoming investor with significant cash-on-cash returns, especially if they invested in a targeted capex program to raise the facilities’ competitive profiles. Further upside potential existed by improving the CMS star rating at each facility, and establishing additional referral relationships with nearby acute care hospitals.... Read More »
SLIB Sells Two Pennsylvania CCRCs
Two faith-based, not-for-profit CCRCs in central Pennsylvania were acquired by a private East Coast-based investor. Located an hour’s drive from each other, Church of God Home has 50 independent living units and 109 skilled nursing beds in Carlisle, while Towne Centre in Myerstown has 152 skilled nursing beds, plus some “borrowed” IL units from the Carlisle location that gives it a CCRC designation. They were built in 1948 and 1972, respectively, and operated at a profit. But this was not a “cap rate deal,” as the Towne Centre location struggled more with occupancy, and the price was not disclosed. The selling organization is based in south central Pennsylvania, which appears to be... Read More »
Mississippi Turnaround SNF Changes Hands
3G Healthcare Real Estate, which mainly focuses on skilled nursing transactions and has a side focus of debt and equity placement, facilitated the sale of a skilled nursing facility in Mississippi on behalf of a small, local skilled nursing owner. Built in the 1970s, the asset faced occupancy and operational challenges, including staffing shortages, the need for resident mix improvements, and significant bad debt, compounded by reduced state Medicaid rates. During the marketing process, the turnaround potential and long-term opportunities were emphasized, resulting in six competitive offers. Ultimately, an owner/operator with a local presence paid $116,000 per operational bed for the... Read More »
CFG Recapitalizes Skilled Nursing Portfolio
Capital Funding Group closed a $50.3 million delayed draw bridge-to-HUD loan to support the recapitalization of 13 skilled nursing facilities. The deal was secured by first-priority collateral on a single asset in California, as well as mezzanine collateral on twelve additional assets in California, New Hampshire and Massachusetts. The funding provided for an immediate recapitalization of one real estate asset in California and for additional delayed draw proceeds that will be used to further capitalize the other 12 assets which are part of an existing HUD portfolio. CFG intends to refinance into permanent HUD debt. Andrew Jones originated the transaction for the company. Read More »
MONTICELLOAM Appoints Senior Relationship Manager
MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the appointment of Liam Sorensen as Senior Relationship Manager, Originations. In this role, Sorensen will be responsible for fostering and expanding client relationships, sourcing new opportunities, and supporting the firm’s lending and investment activities across the seniors housing market. He will be reporting to Karina Davydov, Senior Managing Director, Healthcare. He has nearly a decade of experience in healthcare real estate finance, with a track record in debt structuring, underwriting, portfolio management and client advisory services. Prior to joining MONTICELLOAM, Sorenson held... Read More »The Grove of Fox Valley: Merger or Acquisition Spotted in LevinPro Database
The Grove of Fox Valley 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 1601 N Farnsworth Ave in Aurora, Illinois. 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 Grove of Fox Valley 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 »The Barrington of Carmel in LevinPro Database
The Barrington of Carmel has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a not-for-profit skilled nursing facility situated at 1335 S Guilford Rd in Carmel, Indiana. 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 Barrington of Carmel 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 »
AlerisLife Is Shutting Down
AlerisLife is in the process of winding down its business. The company had struggled for years as a publicly traded company (previously known as Five Star Senior Living) with chronic operational and governance issues, posting repeated net losses, negative EBITDA, low operating margins, and underperforming owned communities. Despite some gains and cost savings after Alvarez & Marsal’s operational review in 2022, the company failed to generate meaningful profits, and leadership changes did not reverse declining performance. Shareholder value suffered for some time, with the company finally being acquired in 2023 by ABP Acquisition LLC, a firm majority owned by Adam Portnoy, the CEO of... Read More »Schedule a demo
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