Newmark Secures Refinancing for Virginia Class-A Communities
The Newmark Seniors Housing Team announced the closing of the refinance of two newer-vintage seniors housing communities in Virginia. Both communities saw strong leasing activity during the marketing process, and Newmark closed with a regional bank that provided non-recourse financing at competitive terms. The total loan was around $88 million. Built in 2021, The Providence Fairfax is a seven-story seniors housing community with 124 assisted living and 30 memory care units. Built in 2022, The Landing Alexandria is a nine-story seniors housing community in Alexandria with 40 independent living units, 89 assisted living units and 42 memory care units. Read More »
Financing Secured for New Jersey SNF Acquisition
MONTICELLOAM announced the financing of a $33.6 million senior bridge loan for the acquisition of a skilled nursing facility in New Jersey. The floating-rate loan has a 30-month initial term for the borrower group, a longstanding client of MONTICELLOAM, that will use the financing towards the purchase of a northeastern New Jersey facility totaling 180 beds. Read More »
60 Seconds with Swett: The Fight between Brookdale and Ortelius
It has been a bit amusing to see both Brookdale Senior Living and Ortelius Advisors claim victory with Institutional Shareholder Services’ report on the upcoming July 11th stockholders vote on the new slate of directors for the Board. For Ortelius, ISS recommended voting for Steven Vick and Lori Wittman, two of the six nominees that Ortelius put forth in March, while also acknowledging the benefit of Ortelius’s efforts on initiating needed change at Brookdale. Meanwhile, Brookdale rejoiced at ISS effectively recommending that shareholders’ not hand control of the Board to Ortelius by only supporting two of the six nominees and pointing out Ortelius’s lack of details in the turnaround plan... Read More »
Newmark Closes Major Portfolio Deal
In one of the more significant deals to close so far in 2025, Newmark announced the off-market sale of a large portfolio spread across the United States. Totaling 900 units of independent living, assisted living, memory care and skilled nursing, the portfolio is located in Virginia, Georgia, Maryland, Indiana and Arizona. Little else has been disclosed so far, but the portfolio sold for $418 million, or $464,400 per unit, which is one of the highest per-unit prices that we have seen so far this year. Read More »
Off-Market Transaction Closes in California
JCH Senior Housing Investment Brokerage was engaged in the sale of a well-established assisted living/memory care community with 86 units and 100 beds in Inland Empire, California. JCH was tasked with confidentially marketing the community to a select group of qualified buyers. There were multiple qualified offers, with a local operator being selected for its alignment with the seller’s values and its portfolio of seniors housing communities in the region. The buyer acquired the community for $14.125 million, or $164,200 per unit. The intent is to maintain current operations while enhancing resident experience and operational efficiencies. Both parties were represented by Cindy... Read More »
O&M Investments Acquires Nebraska Senior Care Portfolio
O&M Investments, LLC, led by Nick Martinez and Todd Okum, has expanded its footprint into Nebraska through an acquisition of a senior care portfolio. The seller was a mom & pop seeking an exit from the industry. Built in the 1970s and 1980s, the six senior care facilities are located in the Omaha MSA, comprising around 350 skilled nursing beds and approximately 60 assisted living beds. They were operating at near-breakeven at closing, with O&M increasing census since then. This purchase brings O&M’s total owned/operated facilities to 96 across 12 states. The facilities will now be managed by a seasoned regional operator. Read More »
Berkadia Closes Four HUD Loans
Within the past 30 days, Jay Healy and Andrew Lanzaro of Berkadia Seniors Housing & Healthcare have closed four HUD 232/223(f) loans totaling $64.4 million in aggregate proceeds. The loans were obtained on behalf of three sponsors and are secured by three seniors housing communities and a skilled nursing facility spanning Hawaii, Texas and Washington. Each loan carries a fully amortizing 35-year term. The first transaction was a $18 million refinance for a San Marcos, Texas-based owner/operator of assisted living and memory care communities. The proceeds were used to retire bank construction debt and convertible ownership debt utilized to develop the 94-unit AL/MC community in... Read More »
Senior Care Portfolio Secures Acquisition Financing
First Citizens Bank’s Healthcare Finance business helped to arrange $270 million in financing to support the acquisition of 30 senior care facilities across Idaho, Oregon, Washington, Montana and Arizona. The portfolio includes 15 skilled nursing facilities, and seven senior care campuses that feature skilled nursing beds as well as independent living and assisted living units. There are 1,584 skilled nursing beds, 90 assisted living units and 450 independent living units. The buyer is a real estate investment group that specializes in the post-acute sector. The properties have been, and will continue to be, operated by Cascadia Healthcare and its affiliate, Olympus Retirement... Read More »
Oklahoma Senior Care Portfolio Receives Bridge Loan
Greystone provided a $51.5 million bridge loan to refinance a portfolio of senior care facilities in Oklahoma. The financing was originated by Fred Levine. The portfolio comprises 633 skilled nursing beds and 71 assisted living beds across six facilities. The bridge loan carries a two-year term with an extension option, and the borrower intends to pursue permanent financing from HUD. Read More »
New Perspective Adds Five Minnesota Locations
Minnetonka, Minnesota-based New Perspective Senior Living added five communities to its portfolio in the first half of 2025, significantly expanding its presence in the state. Each community is located in a suburb of Minneapolis/St. Paul, including in White Bear Lake, Oakdale, Golden Valley, Rosedale and Minnetonka. They all provide assisted living and memory care services. Two of the locations (White Bear Lake and Oakdale) were formerly under The Waters Senior Living brand, while the remaining three were previously Sunrise Senior Living properties. The additions bring New Perspectives’ portfolio to 45 communities across Minnesota, North Dakota, Wisconsin, Illinois, Indiana, Ohio,... Read More »Schedule a demo
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