Merger or Acquisition: The Clares/Terraces at the Clare Featured in LevinPro Database
The Clares/Terraces At The Clare 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 55 E Pearson St in Chicago, Illinois. It was incorporated on September 19, 2019. 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 The Clares/Terraces at the Clare 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... Read More »
WesBanco Launches New Healthcare Vertical
WesBanco Bank recently launched its dedicated healthcare vertical, under the leadership of Suzanne Myers as EVP-Commercial Healthcare Director, and is already off to the races with a handful of senior care transactions closed. The strategic initiative will provide financing across the continuum of care, including seniors housing, skilled nursing, CCRCs, hospitals and specialty care. So far this year, the bank has closed over $200 million in closed loans for acquisitions, recapitalizations, working capital and bridge-to-HUD loans for clients across the Midwest and Mid-Atlantic. Plus, there is a pipeline of closings that exceeds $500 million for 2025. It is great to see that kind of... Read More »
LTC Properties Acquires Class-A California Community
JLL Capital Markets completed the sale of Loma Clara, an 89-licensed-bed, Class-A seniors housing community in Morgan Hill, California. JLL’s Seniors Housing Capital Markets team marketed the property on behalf of the seller, Steadfast Senior Living, and procured the buyer, LTC Properties. The REIT acquired the community within its SHOP segment with an estimated year-one yield of 7%, and will retain Discovery Management (an affiliate of Discovery Senior Living) as the operator, establishing a new relationship. Completed in 2018, Loma Clara is a two-story building offering 42 assisted living units and 25 memory care units with 41 beds. The property is 92% occupied and is a full private-pay... Read More »
Not-for-Profit Divests Texas Standalone MC Community to Family-Owned Company
Matthew Alley of Senior Living Investment Brokerage announced another Lone Star State deal, selling a 20-unit memory care community in Sugar Land, Texas. Built in 1998, the community was the only seniors housing asset of a not-for-profit organization, which decided to divest. It was 80% occupied but losing around $30,000 a year on $1.26 million of revenues. A local family-owned company will look to take advantage of its market presence to bolster census and improve the operating margin. They paid $1.6 million, or $80,000 per unit. Read More »
Owner/Operator Purchases Vacant Community for Reopening
Blueprint was engaged to market a 100-unit vacant assisted living community located 10 miles south of Cleveland, Ohio, that had been taken offline following operational challenges. The community sustained profitability during prior operations. Blueprint generated four competitive offers from sophisticated owner/operators with proven capabilities in executing value-add strategies. The selected buyer, known for opportunistic acquisitions, intends to reopen the community and fill it through the state’s Medicaid waiver program. Connor Doherty and Ryan Kelly handled the transaction. Read More »Vancrest of Upper Sandusky Featured in LevinPro Database
Vancrest of Upper Sandusky 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 850 Marseilles Ave in Upper Sandusky, Ohio. It was incorporated on January 20, 2023. 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 Vancrest of Upper Sandusky 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... Read More »
Frank Cassidy Officially Nominated as FHA Commissioner
Frank Cassidy, most recently a Walker & Dunlop senior managing director of Federal Housing Administration (FHA) Finance where he originated loans for multifamily, nursing home and seniors housing properties, has been officially nominated by President Trump as Assistant Secretary of Housing and Federal Housing Commissioner at the HUD. He oversees FHA’s approximately $1.75 trillion single family, multifamily and healthcare mortgage insurance programs, HUD’s multifamily assisted housing portfolio, the administration of HUD’s housing counseling program, and the development and oversight of federal standards for the design and construction of manufactured homes. Since April 2025, Cassidy... Read More »
Local Operator Acquires Vacant Seniors Housing Community
Senior Living Investment Brokerage facilitated the sale of a recently renovated, vacant seniors housing community in Sandy, Oregon. Built in 1962 and renovated in 2022, Mount Hood Senior Living features 44 assisted living and memory care units with 50 beds. It is situated on a 2.35-acre campus with 26,000 square feet. This was the seller’s only seniors community, and they are exiting the industry. The buyer is a local operator and will reopen the community. They paid $6.3 million, or $143,200 per unit, for the asset. Jason Punzel, Brad Goodsell, Vince Viverito, Jake Anderson and Taylor Graham handled the transaction. Read More »
Ohio IL Community Trades for Value-Add AL Conversion
Blueprint was engaged in the sale of a 110-unit seniors housing community in Perrysburg, Ohio. It operated as an independent living community, but was positioned for conversion to assisted living, with a focus on serving waiver-eligible residents. Ben Firestone, Connor Doherty and Ryan Kelly handled the transaction. A buyer with a proven track record in executing value-add conversions and an existing Ohio footprint was ultimately selected. Read More »
Acquisition Financing Arranged for Regional Owner/Operator
Ziegler announced its role as the capital structure advisor and hedge advisor in the placement of a $52.5 million acquisition loan on behalf of a regional owner/operator. The acquisition financing was used to acquire five enhanced independent living communities in Michigan. The portfolio surrounds the Detroit, Michigan MSA, and has a total of 631 units with 695 beds. Christopher Utz advised and negotiated the transaction for the borrower and placed the loan with Oxford Finance. Ziegler’s Structured Products practice placed an interest rate cap through a competitive bid process, ultimately executing the cap with Goldman Sachs. Read More »Schedule a demo
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