Two Separate Transactions Close in California
The Reis Team at Marcus & Millichap handled two separate closings in California. First was a lease transaction for an assisted living community in Southern California with 260 beds. The real estate is owned by a local investor, and the team sourced a growing California-based operator that was looking to expand its footprint in the region. The second transaction involved the sale of a 60-bed skilled nursing facility, this time in Northern California. The seller was an independent owner/operator looking to exit the business, and a well-established California-based investor purchased the property. The buyer intends to lease the facility to a growing California-based... Read More »
Town Lane Acquires Two Communities and Recapitalizes a Third
Discovery Senior Living announced the recapitalization and closing of three Class-A, purpose-built, independent living, assisted living and memory care communities: Discovery Village at Naples (Naples, FL), Discovery Village at Sarasota Bay (Sarasota, FL) and Discovery Village at Castle Hills (Lewisville, TX). All three communities were designed, funded, developed and launched through Discovery’s fully integrated platform including its in-house design and development department, capital markets, and management capabilities. Opened within the last four years, the two IL communities total 273 units and have stabilized, while the newly opened 90-unit AL/MC community is quickly... Read More »
Oxford Finance’s Healthy First Half of 2025
Oxford Finance announced a healthy first half of 2025, with more than $715 million in new loan commitments during that period. The largest transaction saw Oxford provide a $234.9 million term loan and a $22.0 million revolving line of credit to refinance four behavioral health facilities and finance the acquisition of 13 skilled nursing facilities consisting of over 1,800 beds for an established California-based operator. For another skilled nursing acquisition, Oxford provided a $79.3 million term loan and a $7.5 million revolving line of credit for five skilled nursing facilities and one assisted living community consisting of 555 beds in Washington State for a growing in-state operator.... Read More »
Cambridge Realty Capital Provides HUD Loans
Cambridge Realty Capital provided $19.316 million in HUD-insured Section 223(f) financing for two seniors housing assets in Texas and Missouri. The Texas financing was provided for the purchase of Ashwood Court, a 120-bed assisted living community in North Richland Hills. The Missouri financing was provided for the refinance of Northland Rehabilitation and Healthcare Center, a 118-bed skilled nursing facility in Kansas City. Cambridge’s Early Rate Lock program was utilized, enabling the owners to early rate lock before all HUD approvals were obtained. That also allowed for the financings to include sufficient funds to complete long-term repairs and improvements. Read More »
60 Seconds with Steve Monroe: Brookdale Senior Living, What’s Next?
So, the big vote occurred last week, and shareholders of Brookdale Senior Living have spoken. We are sure that the recent increases in occupancy convinced some shareholders to stick with management and its “plan.” But the nominees from activist shareholder Ortelius Advisors were not off-the-wall candidates. It was an excellent group, and despite what Brookdale stated, again and again, they would have provided a new perspective and a lot of expertise. The current and temporary CEO could have learned from several of them, specifically Steven Vick, Steven Insoft and Lori Whitman. Oh well, a lost opportunity for many of the shareholders. Not to mention other members of the management team, the... Read More »
Optalis Healthcare Acquires Michigan Portfolio
Blueprint was engaged by Michael F. Flanagan, the duly appointed receiver of Spartan Holdco, LLC, et al. and approved by the Oakland County Circuit Court to run a marketing process sourcing qualified overbids for the auction sale of the SKLD (Skilled Living and Development) portfolio. Dubbed Project Spartan, the portfolio comprises eleven skilled nursing and senior care facilities with 1,330 licensed beds located across the Detroit and Grand Rapids, Michigan MSAs. The receiver was appointed in January 2024 and retained Hyper Care Management Solutions, LLC to operate the facilities. In January 2025, the stalking horse was selected and contracts were approved by the court, after which... Read More »
National REIT Divests to Cougar Capital Management
Haven Senior Investments facilitated a transaction between a national REIT and a real estate development firm based in Boston, Massachusetts. The seller, Summit Healthcare REIT, divested a seniors housing community in Littleton, New Hampshire, The Village at Riverglen. Built in 2002, The Village at Riverglen features 60 beds across 50 independent living and assisted living units, and will be rebranded as Riverglen House. The buyer, Cougar Capital Management, paid $8 million, or $160,000 per unit, and will bring on Willow Ridge Senior Living to manage the community going forward. According to LevinPro LTC, Summit Healthcare acquired the community in 2015 for $8.5 million, or $170,000 per... Read More »
CFG’s H1 Financing Volume
Capital Funding Group’s bridge-to-HUD and HUD teams financed more than $930 million across 50 transactions in the first half of 2025. These financings included 14 HUD loans, 21 bridge loans and 15 accounts receivable loans for clients across the country. Managing Director of Real Estate Craig Casagrande originated a few transactions throughout the first half of the year, notably a $137.5 million bridge loan for the acquisition of eight skilled nursing facilities in Pennsylvania, featuring 1,906 beds. He arranged that with Associate Catherine Mansel. CFG also provided an $18 million working capital line of credit, which was originated by Director Jim Ginty. Next for Casagrande and Mansel... Read More »
Stabilized Class-A IL Community Secures Refinancing
Greystone arranged a $43.5 million debt placement to refinance a seniors housing community in Oregon. The 142-unit property is a recently built and stabilized Class-A independent living community. The community had strong trailing cash flows, on a shorter trailing period, but an upward trend. The financing was sourced by David Young. The debt placement, with a regional bank, includes a competitive floating rate priced in the 200s over SOFR, enabling the sponsor to refinance existing senior and subordinate construction debt, return capital to investors, and position the asset for a future permanent agency execution. Greystone targeted both banks and debt funds to source financing that... Read More »
Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing
Genesis HealthCare has filed for Chapter 11 bankruptcy protection, listing its 298 affiliated holding companies, ancillary businesses and insurance vehicles in its submission to the U.S. Bankruptcy Court for the Northern District of Texas Dallas Division. It is one of the largest skilled nursing operators in the country and operates 218 facilities in 19 states. In the bankruptcy filing, there is a proposed transaction that would result in a current company investor, ReGen Healthcare, LLC, acquiring the operations. Terms of that deal will be disclosed soon, but any deal would be subject to higher bidding and approval. Genesis also revealed that it has secured a commitment of $30 million in... Read More »Schedule a demo
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