Financing Supports Underperforming AL Acquisition
Helios Healthcare Advisors announced that it arranged acquisition financing for the buyer of an underperforming community in Marble Falls, Texas, that was operating at a cash-flow deficit. The asset was Marble Falls Assisted Living, a 25-unit assisted living community. Marcus & Millichap handled the sale. The borrower required a high-leverage financing structure that preserved its capital to fund anticipated operating losses and supported physical plant improvements. Helios structured a 100% loan-to-cost financing solution that provided the buyer with the flexibility needed to execute a turnaround strategy. Financing was provided by an Arkansas-based commercial bank. The loan carried a... Read More »
Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
Sabra’s Q4 Deals Push 2025 New Investments to $450 Million
Sabra Health Care REIT released its fourth quarter results. On a year-over-year basis, same-store cash NOI increased 12.6% for the fourth quarter of 2025, while the 2025 quarterly year-over-year average increase was 15.0%, inclusive of the stabilized facilities formerly operated by Holiday Retirement. Its Q4 acquisitions brought the company’s total investment closed in 2025 to roughly $450 million, with an estimated average initial cash yield of 7.5% on property acquisitions. During the quarter, Sabra acquired four managed seniors housing properties for $150.5 million with an estimated initial cash yield of 7%. Sabra was also active on the divestment side, completing the disposition... Read More »
CareTrust Closes 2025 with 169 New Property Investments
CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in initial investments at a blended stabilized yield of 8.8%. CareTrust also divested 12 properties in the quarter, for proceeds of $75 million. The Q4 acquisitions brought the REIT’s 2025 new investments to 169 properties and $1.76 billion, at a blended stabilized yield of 8.6%. That includes $40.3 million of investments in its new SHOP strategy and... Read More »
Separate Sellers Divest in Florida
Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers handled the sale. Next, Berkadia represented Providence One Partners in its sale of a 128-unit assisted living/memory care community in the Orlando, Florida MSA. The buyer was a seniors housing owner, and Providence One Partners will continue to operate the community. Brooks Minford and Cody Tremper closed... Read More »
Idaho IL/AL Community Receives HUD Financing
Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan features a 35-year, fixed-rate term, and refinanced a bridge loan provided by Berkadia’s proprietary lending group and a bank partner. The bridge loan, which was outstanding for less than a year, provided financing for the subject community, plus an additional one that is expected to receive permanent HUD financing in... Read More »
Welltower Releases Strong Results, Again
Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%. In the fourth quarter, the REIT saw 400 basis points of average occupancy growth, year over year, and same-store revenue growth of 9.6%. Similar to Ventas, year-over-year same-community NOI jumped by 15%, driven by same-store NOI growth in its seniors housing operating portfolio of 20.4%. This was its 13th consecutive quarter of same-store NOI growth above 20%. The company completed $13.9 billion of pro rata gross... Read More »
Omega Healthcare Investors Acquires Performing AL/MC Asset
Omega Healthcare Investors announced that it acquired a seniors housing community in Alabama for $10.3 million, or $128,750 per unit. The community appears to be Proveer at Grande View, which has been rebranded as The Ridge at Grandeview. Blueprint was engaged by the seller in its divestment of this community. Built in 1999, The Ridge at Grandeview features 80 units of assisted living and memory care in Birmingham, Alabama. The community was fully repositioned through a $5.0 million renovation, with the asset effectively presenting and operating as new construction. At the time of marketing, occupancy was trending upward and NOI margins were approaching 20%, providing investors with... Read More »
T7 Capital Hits the Ground Running
Founded by industry veterans Ari Adlerstein and Josh Simpson in 2025, T7 Capital has hit the ground running, announcing more than $3 billion in closed transactions in their first year. And the team continued at that same pace into 2026, closing more than $200 million of transaction volume in January. T7 Capital, which advises clients on financing and investment decisions across seniors housing, healthcare real estate and operating platforms, had a variety of closings throughout the month, from investment sales to financings. Adlerstein and Simpson led the sale of five skilled nursing facilities in Rhode Island for $70.5 million, or $93,400 per bed. The pair also arranged $54.9 million in... Read More »
Stellar Senior Living Adds San Antonio Asset
Ventas found a new operator for its Villa De San Antonio Senior Living community in San Antonio Texas, bringing on Stellar Senior Living, a Utah-based family-owned senior care owner/operator, to manage the community. The addition of this community, which was built in 2006 and features 219 independent living and assisted living units, expands Stellar’s presence in the San Antonio area. It also expands the company’s relationship with Ventas. In 2010, Cain Brothers represented The Franciscan Sister of Chicago Service Corp. in its sale of the community to Kisco Senior Living for $17.25 million. At the time, the building comprised 138 independent living and 55 assisted living units, making the... Read More »Schedule a demo
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