Silverado Welcomes New CEO
Silverado announced the appointment of Wayne Sanner as Chief Executive Officer Designate, effective April 28. Sanner will work closely with Co-Founder and current CEO, Loren Shook, as he transitions to the new position. With over two decades of executive leadership in senior living and skilled nursing operations, Sanner brings a proven track record of excellence in scaling multi-side healthcare organizations, improving patient outcomes and fostering purpose-driven cultures. Most recently, Sanner served as Chief Operating Officer of Prestige Healthcare, where he oversaw 80 SNFs caring for 7,000 residents across five states and led a team of more than 10,000 members. Sanner’s... Read More »
Brookdale Occupancy Gains
Continuing a steady stream of small occupancy increases, Brookdale Senior Living bucked the historical norm of first quarter census declines for the seniors housing industry. In the first quarter, the monthly weighted average occupancy increased by 20 basis points to 79.5% in March. In addition, month-end occupancy hit a five-year high of 80.9%, ending above 80% for eight straight months. While this is all good news, Brookdale continues to lag the rest of the industry in terms of post-pandemic census growth. We previously reported on an investor activist group that is unhappy with Brookdale’s share price performance and has nominated a slate of six new board members. Now, another investor,... Read More »
CareTrust and Real Estate Investor Acquire in California
Nick Stahler, Michael Mooney and Hap Knowles of the Knapp-Stahler Group at Marcus & Millichap closed the sale of a senior care campus in Los Alamitos, California. The campus includes a 150-bed skilled nursing facility (Alamitos West Health and Rehabilitation) and a 68-unit/140-bed RCFE (Katella Senior Living Community). The skilled nursing component serves as a natural feeder to the RCFE, enhancing resident retention and streamlining care transitions. The buyer was a joint venture between CareTrust REIT and a third-party healthcare real estate owner. The acquisition presents an advantage to the joint venture through economies of scale, operational synergies and opportunities to... Read More »
Alta Senior Living Expands in California
Alta Senior Living has expanded its portfolio with the acquisition of a seniors housing community in Sacramento, California, through a joint venture with its capital partner, Brasa Capital Management. Built in 2017, The Village at Heritage Park features 162 total units, with 54 independent living, 60 assisted living and 48 memory care units. The community has already been rebranded as Rose Arbor Village. Alta Senior Living was engaged in October by the previous owner to rebrand and stabilize an underperforming operation. Confident in strengthening its commitment to the community’s success, the company executed an acquisition that officially closed in February. An aggressive repositioning... Read More »
Lee & Associates Closes Seniors Transaction
Lee & Associates’ Senior Housing team, led by Robert Black, was engaged by Sugar Creek Capital, which specializes in tax credit investments nationwide, in its divestment of an outlier asset. Built in 1985 with a renovation and expansion of 48 units in 2016, Terrace Retirement Community comprises 178 independent living units in Columbia, Missouri. The occupancy rate was 74% at the time of sale. There were multiple groups interested in the community, with Unbridled Living selected as the best fit and ultimate buyer. This marks the company’s first seniors housing acquisition, with plans to continue expanding its portfolio through the addition of performing, value-add and... Read More »
Interview with Bryan Lockard of JLL Value and Risk Advisory
The SeniorCare Investor’s Ben Swett sat down with JLL’s Bryan Lockard to discuss the firm’s latest investor survey and any surprising results in it. The conversation also covered prices and cap rates seen for the different property groups in 2025, so far. Read More »
Berkadia and Live Oak Secure Financing for Class-A IL/AL Community
Berkadia’s Jay Healy and Andrew Lanzaro closed a $102 million bridge loan in partnership with Live Oak Bank for a Class-A seniors housing community in Vancouver, Washington. The loan was structured in an A/B arrangement, with Berkadia funding the subordinate debt, and features a two-year, interest-only term. Loan proceeds were utilized to retire existing bank construction debt, preferred equity from a REIT and a partner note. Built in 2023, The Park and University Village and The Inn at University Village features 263 units of independent and assisted living. The community was developed by affiliates of a Washington-based seniors housing owner/operator, Koelsch Communities, which is a... Read More »
Monroe County Divests Strugging SNF to Regional Owner/Operator
Evans Senior Investments represented Monroe County in the divestment of its skilled nursing facility in Stroudsburg, Pennsylvania. Built in 1924 and incorporated by the County of Monroe in 1974, Pleasant Valley Manor has 174 beds and faced operational challenges with an annual loss exceeding $7 million. County officials recognized the need for a sustainable solution that prioritized resident well-being while alleviating financial strain on local resources. Following a 30-day marketing process, a regional owner/operator with a strong footprint in Pennsylvania was selected as the ultimate buyer. Local news sources cited Outcome Healthcare Group as the buyer. Outcome Healthcare brings... Read More »
60 Seconds with Swett: Medicare Advantage Sees A Pay Bump
As the healthcare industry braces for whatever impacts tariffs may have on operations, an impossible task to predict accurately given the flux on that matter, providers also are welcoming a new head of CMS, Dr. Mehmet Oz, who was confirmed by the Senate last week. There is some uncertainty on how the Trump Administration will treat healthcare providers overall, specifically in the senior care industry, with some positives coming from the end of the minimum staffing mandate and an overall friendlier business climate, versus the threat of increased scrutiny on Medicare and Medicaid spending with respect to fraud and abuse potentially contributing to falling revenues. When reading the tea... Read More »
Pacifica Senior Living Chapter 7 Filing Update
After we and several other news outlets reported on the Chapter 7 bankruptcy filing of Pacifica Senior Living LLC on March 24, we heard from the company about the filing and our story. Apparently, the liquidation filing was for one of their management entities, Pacifica Senior Living LLC, “whose sole purpose was to manage a subset of our communities in California. Pacifica Senior Living LLC does not own any senior living facilities and this filing will have no impact on the ownership of our properties, resident care, or our beloved staff. All of the senior living properties in our portfolio are independently owned, and each remains operational and unaffected by PSLM’s situation.” The... Read More »Schedule a demo
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