Class-A Seniors Housing Portfolio Secures Refinance
BWE closed a $330 million financing on behalf of Spectrum Retirement Communities. The transaction refinances an eight-property Class-A seniors housing portfolio developed by the sponsor. They are in major metropolitan areas in four states across the Midwest and Southwest. Ryan Stoll and Taylor Mokris of BWE’s National Seniors Housing and Care team arranged the financing. The transaction attracted strong interest and competition from an array of lenders, including agencies, life insurance companies, banks and private credit firms. Ultimately, a global private credit investor provided the non-recourse financing, which includes full-term interest-only, a highly competitive interest rate, and... Read More »Texas Nursing & Rehab Incorporated in High-Profile M&A Deal in LevinPro Database
Texas Nursing & Rehab 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 3428 Moulton Rd in Gonzales, Texas. It was incorporated on May 13, 1975. 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 Texas Nursing & Rehab in its deal database, which is available to subscribers. 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... Read More »
American Healthcare REIT Acquires AL/MC Portfolio
DMK Development Group divested a seniors housing portfolio in the Louisville and Lexington, Kentucky MSAs. The four communities were purposefully developed within a 50-mile radius to enhance operational efficiencies. They total 316 assisted living and memory care units, and were all opened between late 2020 and early 2022. Trilogy Health Services, a long-time operating partner of DMK’s, managed the portfolio throughout lease-up and stabilization. DMK developed the portfolio with the help of several banking partners, including Stock Yards Bank & Trust, Republic Bank, Independence Bank and Old National Bank. American Healthcare REIT acquired the communities for $65.3 million, or... Read More »
Artemis Real Estate Partners Acquires Class-A California Community
JLL Capital Markets arranged the sale of a Class-A community in Foster City, California. Built in 2016 by Atria Senior Living as part of a mixed-use master-plan town center development, Atria at Foster Square comprises 155 assisted living and memory care units. Artemis Real Estate Partners purchased the community in partnership with Atria, and Atria will continue to operate the community under its Atria Signature Collection brand. Aaron Rosenzweig and Dan Baker of JLL’s Seniors Housing Capital Markets team handled the transaction. No additional details were disclosed. Read More »
Berkadia Reports Recent Deal Activity
Berkadia announced a few closings in the Midwest. First, Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers were engaged by Ryan Companies US in its divestment of a Class-A seniors housing community in Cedar Rapids, Iowa. Built in 2017 by Ryan Companies, Grand Living at Indian Creek comprises 165 independent living, assisted living and memory care units. The property is situated near Mercy Medical Center and UnityPoint Health-St. Luke’s Hospital, two of the region’s leading healthcare providers. The in-place operator, Grand Living, will continue to manage the community. The buyer and financials were not disclosed. Fasano, Sanders, Tremper and Garbers also facilitated the... Read More »
Benchmark Acquires Fairfield County Community
Benchmark Senior Living added another Connecticut community to its portfolio, acquiring Church Hill Village in Newtown through a joint venture with National Development, a Massachusetts-based real estate investor. Built in 2019 by a partnership between Senior Lifestyle Corporation and Teton Capital Co., the 71-unit assisted living/memory care community is laid out in four connected residential neighborhoods. It is Benchmark’s 21st community in Connecticut, and the ninth in the affluent Fairfield County. The company has also made recent investments with National Development in New Jersey and New York. Webster Bank provided acquisition financing for the deal, but no terms were... Read More »Shell Lake Health Care Center Linked to Merger or Acquisition in LevinPro Database
Shell Lake Health Care Center, a private skilled nursing facility, is situated at 802 E County Highway B in Shell Lake, Wisconsin, has been linked to a merger or acquisition in the LevinPro M&A deal database. This Medicare-licensed facility was incorporated on May 25, 2021. LevinPro, known for tracking M&A activity across a broad spectrum of healthcare sectors including hospitals, home health, medical real estate and biopharma, has profiled the transaction involving Shell Lake Health Care Center in its comprehensive deal database. This resource is available to subscribers here. Throughout its extensive history, LevinPro has tracked thousands of deals within the skilled nursing... Read More »Elevate Care Abington Featured in LevinPro Database
Elevate Care Abington 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 3901 Glenview Rd in Glenview, 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 Elevate Care Abington 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 »Shores Nursing and Rehab Center Joins LevinPro Database
Shores Nursing and Rehab Center 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 220 9th St in Port Saint Joe, Florida. 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 Shores Nursing and Rehab Center 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,... Read More »
ALP Owner/Operator Expands in Upstate New York
Dave Balow of Senior Living Investment Brokerage facilitated the sale of an assisted living program community in the Albany, New York MSA, on behalf of a private owner. Built in 1985, Danforth Adult Care Center is in Hoosick Falls and features 57 units with 80 beds, including 42 licensed as ALP. The community sits on 2.49 acres with 29,112 square feet and maintains a roughly equal payor mix of private-pay and Medicaid residents. It generated $303,800 in EBITDAR on $3.17 million of revenues, with 83.8% occupancy. The offering was marketed in the summer of 2024, attracting several competitive offers. The buyer, a New Jersey-based ALP owner/operator with a growing portfolio across upstate... Read More »Schedule a demo
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