Ohio SNF Portfolio Sells to Joint Venture
A four-facility skilled nursing portfolio traded hands in eastern Ohio. At the time of sale, the portfolio was cash-flowing, with stable operations and consistent resident demand across the communities. The seller was a long-time owner/operator divesting to execute a planned exit from the business. They prioritized a smooth transaction with certainty of closing and continuity of care. Blueprint was engaged, with Connor Doherty and Ryan Kelly executing a targeted marketing process focused on experienced regional operators with an established operational platform in Ohio. The selected buyer was a joint venture between an East Coast capital group and a proven regional owner/operator.... Read More »
Private Investor and Operator Close Refinance
CBRE National Senior Housing arranged a refinancing for Meadowbrook on behalf of a joint venture between Harrison Street Asset Management and Dial Senior Living. Aron Will and Tim Root arranged the financing, originating a four-year floating-rate loan. Situated near downtown Kansas City in Prairie Village, Kansas, Meadowbrook consists of four stories with a total of 222 units, including independent living, assisted living and memory care. Harrison Street has closed 332 communities totaling more than 43,000 units since 2005. Seniors housing operator Dial Senior Living manages 24 communities across Nebraska, Iowa, Illinois, Missouri, Kansas and Colorado. The... Read More »
Benchmark Senior Living and National Development Expand Partnership
A national developer/investor engaged Blueprint to sell a high performing, Class-A community owned in their legacy debt fund vehicle. The asset sits in White River Junction, Vermont, and was developed in 2019 by local citizens Brooke Ciradelli and Byron Hathorn. They partnered with LCS to operate the building, The Village at White River Junction, which offers 80 assisted living and memory care units. In the community’s earlier days of operation, Columbia Pacific Advisors had provided a $29 million refinancing loan to the project to address cash-flow and lease-up problems. The developers failed to pay their debt, resulting in foreclosure and a transition of... Read More »
2025 Seniors Housing and Care M&A Activity Smashes Multiple Records
Seniors housing and care M&A activity in 2025 smashed the previous annual record of publicly disclosed transaction volume set in 2024, based on new acquisition data from LevinPro LTC. There were 871 publicly disclosed transactions in 2025, surpassing the previous record of 721 deals set in 2024 by 20.8%. The number of publicly announced seniors housing and care acquisitions in the fourth quarter of 2025 rose to 285 deals, a new quarterly record. This total represents a 34.4% increase from the previous quarterly record of 212 deals set in Q3:25. It is also a 47.7% increase from Q4:24’s total of 193 transactions. In addition, the $15.19... Read More »
National Bank Provides Acquisition Term Financing
BMO’s Healthcare Real Estate Finance group acted as sole lender on an acquisition term financing for Belmont Village Aliso Viejo, a trophy 156-unit assisted living/memory care community in Aliso Viejo, California. The community is owned by Harrison Street Asset Management and Belmont Village Senior Living. Belmont Senior Living operates the community, and developed it. It originally opened its doors in 2019. Aron Will and John Sweeny of CBRE handled the sale. Will and Matthew Kuronen arranged the four-year, floating-rate acquisition loan with a full term of interest only. Read More »
Brookdale Boosts Short Term Stability
Brookdale Senior Living completed a series of financing transactions totaling approximately $600 million that refinanced all of its remaining 2026 mortgage debt and maturities, around $350 million, and a portion of 2027 mortgage debt maturities, approximately $200 million. The company also secured more fixed-rate debt, helping to cut rate risk. Even with some variable-rate debt, the overall blended rate has not changed much, with yearly interest expense staying roughly the same. This is beneficial for balance sheet stability, even if it didn’t actually reduce total debt or annual net interest expense, and some refinancing risk just got pushed to 2027. A smart move for near-term... Read More »Ikaria Announces $1 Billion in Q4 Volume
Ikaria Capital Group closed out a successful 2025, announcing several significant transactions in the fourth quarter that exceeded $1 billion in volume. The activity comprises financings in the seniors housing, skilled nursing and behavioral health sectors across multiple states and borrowers. The largest deal was a $595.5 million senior secured credit facility structured on behalf of a private owner of 18 SNFs with 1,794 total beds in West Virginia. The facility included $491.5 million in bank financing led by Ally Corporate Finance’s Healthcare Capital team and $104 million in subordinate debt provided by CareTrust REIT, an existing institutional capital partner of Ikaria’s. It... Read More »PE Group Enters Oklahoma after Medicaid Rate Bump
A skilled nursing facility in Oklahoma that recently benefited from the state’s Medicaid rate bump sold to a national private equity firm looking to enter the state. Built in 1967, Maplewood Care Center features 180 beds on over three acres in Tulsa. It is located close to several large hospitals and healthcare campuses, but occupancy was sitting at 60%. However, after the state increased Medicaid funding, effective July 1, 2024, the facility saw its rate go from $233.03 to $250.78 per resident day. That increase plus sustained occupancy growth significantly strengthened the facility’s financial performance in the last 18 months. Looking at the financials for the facility in the first... Read More »Community Purchased through HUD Assumption
Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds, and there was a roughly 50% Medicaid census. The asset was struggling financially, and the previous owner had not made debt payments for months. It was purchased via a HUD assumption by an experienced operator who had already taken over management and begun an operational turnaround. Read More »The Zett Group Rounds Out Q4
The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by a partnership including Pacific Northwest senior care veterans Jim Clay, Paul Redhead and the late Gene Hand. Nightingale Living, managed the community, which had recently received a new roof, new siding and a cosmetic refresh. There were a handful of interested parties, but a regional owner/operator, Ohana Ventures, emerged as the strongest... Read More »Schedule a demo
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