California and Pennsylvania Assets Secure Separate Financings
Sims Mortgage Funding (SMF) ended the year with a HUD closing for RiverPointe Post-Acute, a 112-bed skilled nursing facility in Carmichael, California. Affiliates of Links Healthcare Group LLC own and operate the facility. Links’ portfolio comprises 42 skilled nursing facilities with 4,675 beds. The existing bank loan was structured with A and B tranches and issued in August 2019 to finance the purchase of the asset. Forbright Bank held the A tranche, and an affiliate of SMF’s parent company, HJ Sims, issued the B tranche. SMF structured the deal so that the HUD-insured loan fully paid off the A/B tranches, and reimbursed Links for $731,000 in equity used for the acquisition and $1.168... Read More »
Standalone Memory Care Community Sells in San Antonio
Soon after selling a standalone memory care community in Katy, Texas, Blueprint sold another one in San Antonio, Texas, that was built in 2013. The Landing at Stone Oak was originally marketed in late 2023, but the process came to a halt when ownership chose to continue improving operations rather than transact. The operational turnaround was not guaranteed, but the seller successfully made meaningful improvements and re-engaged Blueprint to divest. The transaction closed just 50 days after LOI execution. Giancarlo Riso, Steve Thomes and Kory Buzin handled the transaction. Read More »
Investor Acquires Full AL/MC Community
A local private investment group divested its stabilized seniors housing community, Village at Oakwood Assisted Living. Originally built in 2010 with use of multiple layers of tax credits, the building comprises 90 assisted living and memory care units. The high-quality physical plant sits in Oklahoma City, Oklahoma, and was 100% occupied at the time of sale. It focuses on lower income residents through Oklahoma’s Medicaid waiver program and operates under a HAP contract. Because of the use of tax credits for the original development and the HAP contract, multiple layers of government and regulatory approvals were required before a new buyer could take on the building. Daniel Morris... Read More »
Joint Venture Expands Its Portfolio
Foundry Commercial and Fortress Investment Group acquired two seniors housing communities in Central Florida with a combined 180 assisted living and 72 memory care units (a total of 260 beds). This is the joint venture’s second transaction, marking the third and fourth communities added to the joint portfolio. The undisclosed seller was represented by JLL Seniors Housing Capital Markets. Alto Tavares was built in 2012, and Alto Clermont opened in 2014. Both will continue to be operated by Allegro Living, Foundry Commercial’s affiliated management company, under its Alto brand. The operator, which has managed the communities since 2017, plans to make interior improvements at both locations... Read More »
California SNF Gets New Operator
Evans Senior Investments helped the owner of a 120-bed skilled nursing facility find a new operator. The new management company, which has a strong regional footprint, will pay $3.75 million in annual rent to the investor owner, Don Gormly. Built in 2016, the 120-bed facility is Anberry Transitional Care in Merced, California. Its occupancy was consistently high, averaging over 90%. And the facility was very profitable, operating at more than a 20% margin. So, the new operator will hit the ground running. There were some obstacles in getting the transaction to closing, such as the federal government shutdown, California regulatory approvals and the HUD Change of Operator process, but it... Read More »
CCRC Secures Funding for Expansion
Ziegler announced the closing of Friendship Village of Kalamazoo’s $103.585 million Series 2026A, B-1, B-2, and B-3 bonds issued through the Economic Development Corporation of the City of Kalamazoo. Lifecare, Inc., doing business as Friendship Village Kalamazoo, is on approximately 72 acres within Kalamazoo, Michigan. The 364-unit CCRC comprises 230 independent living units (180 apartments and 50 garden homes), 54 assisted living units in its Woodside facility, 23 memory care units, and 57 skilled nursing beds. LCS will manage the community. A portion of the Series 2026 bonds will be used to add new and upgraded amenities to the campus, add more independent living units, and replace the... Read More »
2025 M&A and Valuation Stats Preview
Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Matthew Alley of Senior Living Investment Brokerage, Bryan Lockard of JLL Valuation & Advisory, and Brittany Spicer of National Health Investors to discuss last year’s M&A market and to preview our Senior Care Acquisition Report. Panelists reviewed key statistics, including average pricing and cap rates. They also discussed 2026 expectations, new entrants and potential challenges facing the industry. The webinar concluded by asking panelists who they would rather be in 2026: a buyer or seller of Class-A or Class-B stabilized assets, or a best-in-class operator. Read More »
Ventas Posts Strong 2025 Results and Continues SHOP Momentum
One of the big REITs, Ventas, reported its fourth quarter and full-year 2025 results, and its activity was impressive, with the company continuing to outperform many of its peers. A full comparison will have to wait for Welltower’s earnings release, but Ventas nonetheless posted a strong year. In the fourth quarter, Ventas’ U.S. portfolio average occupancy increased by more than 370 basis points year over year. This operating momentum drove year-over-year same-community NOI growth of more than 15% in its seniors housing operating portfolio (SHOP), led by 18% growth in its U.S. portfolio, marking the company’s fourth consecutive year of double-digit growth. Ventas closed $2.5... Read More »
Ensign Delivers Strong Q4 and Full-Year 2025 Results
The Ensign Group posted a strong fourth quarter and full-year 2025. The company reported that FFO was $75.2 million for 2025, an increase of 28.3% over 2024, and $20.4 million for the quarter, an increase of 33.9% over the prior year quarter. Same facilities and transitioning facilities occupancy for the year were 82.9% and 84.2%, increases of 2.5% and 4.2%, respectively, over the prior year. For the fourth quarter, occupancy was 83.8% and 84.9%, an increase of 2.9% and 3.5%, respectively, over the prior year quarter. Total skilled services revenue was $4.84 billion for the year and $1.30 billion for the quarter, an increase of 18.7% and 20.2% over the prior year and prior year quarter,... Read More »
Omega Reports Continued Momentum
Omega Healthcare Investors announced its fourth quarter and full-year 2025 results, completing approximately $334 million in fourth quarter investments, which consisted of $52 million in real estate acquisitions, $16 million in real estate loans and $266 million in unconsolidated entities. In 2025 Omega completed $1.1 billion in new investments, with $680 million in real estate acquisitions, $69 million in real estate loans and $342 million in investments in unconsolidated entities. The Q4:25 real estate transactions totaling $52 million include Omega’s purchase of four seniors housing communities in New Jersey, Wisconsin and Indiana for $36.9 million. They will be operated by two new... Read More »Schedule a demo
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