• Berkadia Announces Array of Closings

    Berkadia is riding a transaction hot streak, closing 19 property sales in the last 45 days. The activity included a portfolio featuring five assisted living/memory care communities across Utah, Wisconsin and Minnesota sold to Jaybird Capital, an affiliate of Jaybird Senior Living, through HUD assumptions. Jaybird assumed management of the... Read More »
  • Tremper Capital Group Closes Several Financings

    Tremper Capital Group showed off its variety with a series of financings closed for clients across the country. They included a construction loan, an acquisition loan, a bank refinance and a portfolio financing. First, the team closed non-recourse construction financing for an assisted living/memory care community in the Dallas-Fort Worth area.... Read More »
  • Upstate New York SNF Trades Between Not-for-Profits

    Joe Knapp of the Knapp-Stahler Group at Marcus & Millichap handled the sale of a skilled nursing facility in upstate New York. The Center For Nursing And Rehab in Hoosick Falls, New York, comprises 82 beds in a single-story building that sits on four acres. It was built in 1954, but renovated in 1979 and 1995.  Apparently, the facility... Read More »
  • Acquisition Financing Closed for Distressed California Community

    Private debt fund and direct commercial real estate lender Wilshire Finance Partners closed an $8.15 million first lien bridge loan for the acquisition and repositioning of a distressed seniors housing community in California. The financing included reserves specifically allocated for capital improvements and operational support during the... Read More »
  • Developer and Operator Secure Construction Financing

    Another new development will soon be underway, with BLDG Real Estate and The Fellowship Family securing financing for a $100 million full-continuum community, Fellowship Wildlight. BLDG Real Estate is a real estate development firm that specializes in design, development and asset execution across multiple product types. The Fellowship Family is... Read More »
BWE Arranges Bond Financing for California IL/AL/MC Community

BWE Arranges Bond Financing for California IL/AL/MC Community

Ryan Stoll and Taylor Mokris of BWE arranged $65 million in bond financing for Ivy Park at Milpitas, a seniors housing community with 199 independent living, assisted living and memory care units in Milpitas, California. The financing was secured on behalf of a joint venture between Blue Mountain Enterprises and SRM Development. Oakmont Management Group is managing the property.  The loan was structured as a 15-year bond issuance, credit-enhanced by a letter of credit from Poppy Bank, and features five years of interest-only payments along with a favorable covenant structure. The financing provides the sponsor with enhanced flexibility and a long-term runway to complete lease-up and drive... Read More »

Aperion Care Arbors Michigan City in LevinPro Database

Aperion Care Arbors Michigan City has been linked to a merger or acquisition in the LevinPro M&A deal database. The medicare-licensed facility is a not-for-profit skilled nursing facility situated at 1101 E Coolspring Ave in Michigan City, Indiana. 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 Aperion Care Arbors Michigan City 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 information on... Read More »

Autumn Breeze Health and Rehab Featured in LevinPro M&A Deal Database

Autumn Breeze Health and Rehab 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 1480 Sandtown Rd SW in Marietta, Georgia. It was incorporated on January 29, 2015. 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 Autumn Breeze Health and Rehab 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 »

Brookside Multicare Nursing Center Highlighted in LevinPro’s M&A Database

Brookside Multicare Nursing Center has been linked to a merger or acquisition according to the LevinPro M&A deal database. This Medicare-licensed facility is a private skilled nursing facility situated at 7 Route 25A in Smithtown, New York. The center was incorporated on August 23, 2016. LevinPro, renowned for tracking M&A activity across over a dozen healthcare sectors—ranging from hospitals and home health to medical real estate and biopharma—has profiled the transaction involving Brookside Multicare Nursing Center in its comprehensive deal database, accessible to subscribers here. LevinPro’s robust tracking has documented thousands of deals in the skilled nursing facility... Read More »

London Health & Rehab Center Involved in M&A Activity in LevinPro Database

London Health & Rehab Center 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 218 Elm St in London, Ohio. It was incorporated on June 16, 2014. 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 London Health & Rehab Center 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 »

The Springs Healthcare Center at the Carlotta Linked to Merger in LevinPro Database

The Springs Healthcare Center at the Carlotta 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 41505 Carlotta Dr in Palm Desert, California. 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 Springs Healthcare Center at the Carlotta 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 »

Arbors at Fairlawn Involved in M&A Activity in LevinPro Database

Arbors at Fairlawn 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 575s Cleveland Massillon Rd in Fairlawn, Ohio. It was incorporated on November 19, 2014. 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 Arbors at Fairlawn 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 information on... Read More »
60 Seconds with Swett: SNFs Get a Boost from CMS

60 Seconds with Swett: SNFs Get a Boost from CMS

Support for the skilled nursing sector continues to flow from the government, both state and federal, and CMS finalized its FY2026 SNF Prospective Payment System rate increase of 3.2%, based on the final SNF market basket increase of 3.3% plus a 0.6% market basket forecast error adjustment and a negative 0.7% productivity adjustment, amounting to an increase in SNF PPS payments of $1.16 billion compared with FY2025. That is down from the 4.2% increase in reimbursement from the previous fiscal year but up from CMS’s initial proposed increase of 2.8%, announced back in April. And it comes after numerous states have already started to reconcile their Medicaid rates more closely with the... Read More »
LTC Properties and Sabra Up Their Guidance

LTC Properties and Sabra Up Their Guidance

With $400 million of new investments now included in its guidance, LTC Properties upped its forecast for the rest of the year. Its SHOP portfolio will more than double in size as the REIT transforms itself from a mostly triple-net lease orientation to a more diversified investor, taking advantage of improving operating metrics. Over the next 60 days, LTC expects to close about $320 million in new investments, of which $60 million is a five-year mortgage loan at 8.25%. When these investments close, LTC’s SHOP portfolio will represent nearly 20% of the total portfolio. Net income, FFO and FAD guidance were all increased. Sabra Health Care REIT also increased its guidance based on new... Read More »
SLIB’s Strong Start to August

SLIB’s Strong Start to August

There is certainly no summer slump for Senior Living Investment Brokerage, which started off August well with three closings. That activity included a portfolio of three well-performing seniors housing communities in Montana and Oregon selling to a West Coast not-for-profit. The properties are located in Sweet Home and Cottage Grove, Oregon, and Great Falls, Montana. Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson represented the regional operator seller, which developed and recently remodeled the communities. Two were built in the late-1990s, and one opened in 2001. There are 190 assisted living, 77 memory care and 23 independent living units, with 332 total beds.  The three... Read More »
Ensign Adds to Its Footprint

Ensign Adds to Its Footprint

The Ensign Group announced three transactions, growing in Wisconsin, Iowa and California. First, through two separate transactions on the same day, Ensign acquired the real estate and operations of Pine Crest Health and Memory Care, a 120-bed skilled nursing facility in Merrill, Wisconsin (with 70% occupancy and a 19.5% quality mix), and Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa. Subsidiaries of Standard Bearer Healthcare REIT, Ensign’s captive real estate company, acquired the real estate for both facilities, which are operated by Ensign-affiliated tenants. The Giannini Group at Marcus & Millichap handled the Merrill sale.  Also on the same... Read More »