Ziegler Closes Two Separate Financings
Ziegler announced the closing of two separate financings. First, Ziegler closed the Series 2025 bond anticipation notes for the benefit of The Sanctuary at Village On The Isle LLC. The Florida not-for-profit borrower was formed in 2025 to develop, own and operate a seniors housing community to be located on approximately 50 acres in unincorporated Sarasota County, Florida. The sole member of the borrower is Southwest Florida Retirement Center, Inc., doing business as Village On The Isle. VOTI owns and operates a CCRC in Venice, Florida, which opened in 1982 and currently consists of 234 independent living units, 48 assisted living units, 16 memory care units and 64 licensed skilled... Read More »Healthpeak Properties Jumps Back into Seniors Housing
Ever since Healthpeak Properties essentially exited the seniors housing market in 2021, we had wondered when they would come back. We even thought they could have jumped back in just a year later when rumors were circulating that Brookdale Senior Living was in talks about a potential sale. The M&A opportunity in seniors housing, and the fact that its REIT peer group have been accelerating their acquisition efforts in the last year, must have been too good to pass up, as Healthpeak is now forming Janus Living, a REIT that will own, acquire and develop seniors housing properties under a RIDEA structure. An IPO is planned in the first half of 2026, after which Healthpeak intends to... Read More »Blueprint Handles Washington State Bankruptcy Deal
Fresh off a phenomenal 2025 (we’ll see where they ended up in the Broker Rankings next month), Blueprint announced a few end-of-year closings this week. First, Michael Segal, Dan Mahoney, Amy Sitzman and Daniel Waldhorn ran a bankruptcy sale for the real estate of three skilled nursing facilities in Washington State. They were engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to manage the marketing and sale process. Dubbed the Supersonic Portfolio, the facilities are in King and Pierce Counties and licensed for 355 total beds. They included Renton Health & Rehabilitation in Renton, Valley View Skilled Nursing and Rehabilitation in Renton, and... Read More »Another Record Year for VIUM
VIUM Capital keeps raising the bar in transaction volume, announcing another record-setting year in 2025, closing 96 transactions totaling over $2 billion in par value, representing the largest total of financings closed in the firm’s nearly six-year history. Most of that volume came from bridge loans originated by VIUM through its joint venture partner Merchants Bank of Indiana, including both direct bank balance sheet executions and loans originated through VIUM’s healthcare debt fund. There were 35 separate loans totaling $1.1 billion. On the HUD side, VIUM closed 61 LEAN transactions totaling $948.2 million, earning it the second spot in the LEAN rankings for number of loans... Read More »Ventas Divests to Joint Venture
Berkadia announced that it handled the sale of a California seniors housing community, and refinanced a separate Montana community. Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, sold to an institutionally capitalized partnership. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the transaction. Following a review of multiple offers, the seller selected a joint venture between Shelter Real Estate Investment Strategies and Calson Management as the buyer. Ventas included the community in its most recent property list. Berkadia next announced the refinancing of Bozeman... Read More »Behavioral Buyer Gets Vacant VA Asset
Some brokers have been taking advantage of behavioral health providers’ desire to grow in order to sell vacant seniors housing assets, and getting higher prices for their clients as a result. Toby Siefert and Dave Balow of Senior Living Investment Brokerage arranged the sale of Mayfair House, a 53-unit assisted living community in Portsmouth, Virginia (Norfolk MSA), that was sold vacant by a local owner/operator of seniors housing communities in the Shenandoah Valley and surrounding areas. The community was built in 1994 and features 27,300 square feet on 1.3 acres. As a seniors housing asset, a sale would not get the seller the value they needed. But Siefert and Balow engaged some... Read More »Tenant Acquires California Property
JCH Senior Housing Investment Brokerage announced the sale of a 77-unit assisted living/memory care community in the High Desert region of California. This property was originally structured as a five-year lease with a purchase option. But just 15 months into the lease term, JCH closed an $8.5 million, or $110,400 per unit, sale. The property’s single-asset owner was retiring, and the incoming owner is an experienced regional operator. During the lease period, the tenant/buyer expanded bed capacity, enhancing the future revenue and NOI opportunity. That is what led them to exercise the purchase option well ahead of schedule. Cindy Hazzard and Jennifer Contreras served as the lead... Read More »Greystone Divests Supportive Living Facility
Evans Senior Investments announced the sale of Foxes Grove Supportive Living, a 105-bed supportive living facility in Wood River, Illinois. The buyer was the existing tenant, a regional owner/operator. ESI originally structured the purchase agreement for a 13-property portfolio, including this asset. It appears as though Greystone was the seller. According to LevinPro LTC, Greystone acquired the 1,662-bed portfolio in 2020. The deal included 12 skilled nursing facilities and this supportive living community, with 12 assets in Illinois and one in Missouri. More details on that transaction, which marked Greystone’s entrance into both states, can be seen here on LevinPro LTC. Read More »
Sonida Finances CNL Merger
Sonida Senior Living announced that it has secured $900 million of committed permanent debt financing, inclusive of a $350 million accordion feature that provides for total potential capacity of up to $1.25 billion, to support the previously announced definitive merger agreement with CNL Healthcare Properties. The financing replaces the existing 364-day $900 million bridge facility provided by RBC Capital Markets and BMO Capital Markets, refinances CHP’s corporate credit facilities, and supersedes Sonida’s existing revolving credit facility at transaction close. Sonida entered into a new and upsized $375 million four-year secured revolving... Read More »
CareTrust Acquires High-Priced SNFs
CareTrust REIT kicked off 2026 with the acquisition of six skilled nursing facilities in the Mid-Atlantic with 532 total beds. The assets are operated by a tenant new to CareTrust under a long-term triple net lease with annual inflation-based rent escalators and multiple renewal options. The purchase price was $142 million including transaction costs, or $266,900 per bed, and was funded using cash on hand. The portfolio is expected to generate a 9% stabilized yield. That is quite a high valuation for SNFs, but we imagine they were located in strong reimbursement states, and the buyer demand for facilities is very high. In 2025, CareTrust closed $1.8 billion of investments, entered the... Read More »Schedule a demo
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