Clarion Acquires Again in Colorado
Two years after opening a 160-unit seniors housing community in Centennial, Colorado (Denver MSA), MorningStar Senior Living announced an expanding relationship with Clarion Partners, a leading real estate investment company and specialty investment manager of Franklin Templeton, in its acquisition of MorningStar at Holly Park. The community features independent living, assisted living and memory care services, and it reached 90% occupancy just nine months after opening. Today, it is fully occupied with an extensive waiting list. The transaction advances Clarion Partners’ strategy of investing in high-end seniors housing communities alongside high quality operating partners. MorningStar... Read More »
Brookdale’s Summer Test Ahead
Brookdale Senior Living reported its March occupancy results, and it unfortunately took another step in the wrong direction. We will get a better read when peers report first-quarter results and when NIC MAP releases its next tranche of occupancy data, but at this point, it seems as though Brookdale will need a particularly strong performance during the peak leasing months to show any real momentum, or even hold steady, in 2026. Same-community weighted average occupancy has now declined each month since October, falling 120 basis points over that stretch. Same-community month-end occupancy did not come in much better, down 100 basis points over the same time period. Brookdale pointed... Read More »
Public REIT Acquires New England Seniors Housing Portfolio
Blueprint announced that it handled the sale of a three-community private pay seniors housing portfolio in Rhode Island. A Dallas-based private equity firm engaged Blueprint in 2025 to sell the portfolio, which it acquired with Capital Health Group in 2019. The assets comprise 367 independent living, assisted living and memory care units in the Providence, Rhode Island MSA. The East Providence, Johnston and East Greenwich communities included a highly stabilized, cash-flowing AL/MC community, a large IL/AL/MC community with stable cash flow but meaningful occupancy upside, and a value-add turnaround community. After they were acquired in 2019, ownership brought it a new manager,... Read More »
Regional Owner/Operator Exits Senior Care Industry
Senior Living Investment Brokerage completed a regional owner/operator’s exit from the seniors housing industry with a third and final disposition. The asset was The Homestead in Fallon, Nevada, about one hour east of Reno. It was originally built between 1972 and 1980 and has undergone significant renovations in 2007 and 2018. Most recently, in 2025, ownership converted leased office space into four new independent living units. It now comprises 56 units of IL, assisted living and memory care. It was well occupied at 94%, and operated near a 20% margin on $3.05 million of revenues. That is strong performance in such a rural location. Adding to its appeal was the meaningful improvement in... Read More »
Well-Performing SNF Trades in Iowa
A skilled nursing facility in Cedar Rapids, Iowa, that boasted strong occupancy levels and consistent cash flow traded hands. The facility had long-standing referral relationships and a reliable census pipeline. But, there is still room for upside. Ownership was intentional in selecting a buyer that would preserve and build upon the facility’s culture and reputation. Ultimately, a regional owner/operator with a proven track record in the skilled nursing sector aligned with the seller’s culture acquired the community. Connor Doherty, Ryan Kelly and Will Roberts of Blueprint handled the sale. Read More »
Class-A Active Adult Community Trades
An active adult community north of Houston, Texas, sold with the help of Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare. Alders Magnolia encompasses 184 units in Magnolia, and was built in 2021. The seller was Capitol Seniors Housing, and the buyer was Texas-based active adult development and investment firm, Aspens Senior Living. Situated just northwest of The Woodlands, one of the nation’s largest master-planned communities, Alders Magnolia features an amenity package that offers a heated resort-style pool and spa, theater, fitness center, demonstration kitchen, private wine lockers, putting green, bocce ball court and... Read More »
Not-for-Profit Divests to For-Profit Owner/Operator
Senwell Senior Investment Advisors announced the closing of two separate senior care sales. First, Brandon Bohland and Collin Hempfling handled a faith-based not-for-profit organization’s divestment of a senior care campus in the Charlotte, North Carolina MSA. The campus has a 50-bed skilled nursing facility and a 96-bed assisted living community. The seller had owned the campus for multiple decades, but a long-term tenant/operator lease was approaching expiration and it wanted to evaluate options. Senwell explored both a lease and a sale of the campus, ultimately advising a divestment. There were multiple competitive offers, with the winning bidder being a for-profit regional... Read More »
Ziegler Closes Two Bond Transactions
Ziegler announced the closing of two separate bond transactions. First, it closed Mennonite Village’s $86.22 million Series 2026AB bonds through the Hospital Facility Authority of the City of Albany, Oregon. Mennonite Home of Albany, Inc., doing business as Mennonite Village, is an Oregon-based not-for-profit owner/operator in Oregon. It operates a CCRC that is situated on a 275-acre campus in Albany, in the Willamette Valley. The campus began as a 24-unit nursing home in 1947, and today consists of 299 independent living cottages, 18 independent living apartments in a building known as Ashwood Court II, 42 skilled nursing beds in Mennonite Home, 96 assisted living apartments in Quail Run,... Read More »
Not-for-Profit to Expand Its California CCRC
Ziegler announced the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority. This financing marks Ziegler’s first with Odd Fellows Home of California. Odd Fellows Home of California, a California not-for-profit public benefit corporation, owns/operates two senior living communities that provide residential living, assisted living and skilled nursing. One community is in Saratoga, California, doing business as Saratoga Retirement Community (SRC), and the other community is in Napa, California, doing business as The Meadows of Napa Valley (The Meadows). The borrower has been operating its... Read More »
Joint Venture Secures Refinance for Full-Continuum Community
CBRE National Senior Housing refinanced Harvard Square by Cogir, a full-continuum seniors housing community in Colorado owned by funds managed by affiliates of Fortress Investment Group and operated by Cogir Senior Living. Built in 1982 and significantly renovated several times over the last 10 years, the community has 41 independent living, 144 assisted living and 40 memory care units on a 6.5-acre site. It is set about eight miles southeast of downtown Denver. Aron Will and Adam Mincberg of CBRE National Senior Housing arranged the financing through a national debt fund, originating a three-year, floating-rate loan. The transaction represents the third successful financing of the... Read More »Schedule a demo
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