Another Solid Quarter For Ventas
On the heels of Welltower’s blockbuster second quarter earnings report, Ventas turned in another solid performance as well. Same-community, SHOP occupancy jumped by 240 basis points year over year to 87.6%, NOI margin increased by 130 basis points to 28.4%, cash NOI increased 13.3% and RevPOR was up by 5.3%. The U.S. portfolio had a 290-basis point census increase, led by secondary markets that jumped by 360 basis points year over year. The Canadian portfolio, which was already over 95% occupied, held back the total increase but jumped by 80 basis points. How much higher can it really go? Ventas has made $1.1 billion in new seniors housing investments year to date, and that led management... Read More »
Greystone Provides Two Acquisition Loans
Greystone provided two financings for the acquisition of a skilled nursing facility and a skilled nursing portfolio. First, the firm provided a $33.9 million bridge-to-HUD financing for the acquisition of a skilled nursing facility in Virginia with 210 units. The interest-only bridge financing carries a 24-month term, with two six-month extension options, and features a floating rate. The borrower also secured an interest rate cap to mitigate future rate volatility. The financing was originated by Christopher Clare, David Young, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher. Next, Greystone provided a $45.4 million bridge-to-HUD loan for the acquisition of four skilled... Read More »
West Virginia Community Secures Fannie Mae Financing
BWE provided a $37 million Fannie Mae financing for Harmony at Southridge, a seniors housing community in Charleston, West Virginia, that is operated by Harmony Senior Services. Ryan Stoll and Taylor Mokris originated the 10-year loan on behalf of the borrower, Smith-Packett, Wessex Capital. The loan features five years of interest-only payments and a fixed interest rate. Built in 2020, Harmony at Southridge features independent living, assisted living and memory care units. The borrower converted 12 independent living units to assisted living in late 2024. Read More »
Blueprint Closes Two Deals in IN and NC
A high-quality, well-performing seniors housing community in northern Indiana found a new owner with the help of Ben Firestone, Connor Doherty and Ryan Kelly of Blueprint. The 100-unit assisted living/memory care community appears to be Valparaiso Senior Village, which was built in 2018 across 88,000 square feet. It was originally operated by Arrow Senior Living and owned by the developer, The Argent Group LLC, but struggled with lease-up, only reaching 28% before the pandemic stopped new move-ins. So, ownership closed it in September 2020, and the building was sold vacant in May 2021 for $9.15 million, or $93,400 per unit to an unidentified private equity firm. Evans Senior Investments... Read More »
Newland Lands at Liberty as CIO
Liberty Senior Living is setting itself up for continued growth by creating the position of Chief Investment Officer and hiring Max Newland to fill it. Newland had many encounters with Liberty over the years, partnering with the operator on numerous deals for more than a decade while leading the seniors housing team at Kayne Anderson Real Estate. More recently, after Newland launched his own investment firm Newland Realty Capital in 2024, he joint-ventured with Liberty and Cerberus Capital Management to acquire The Carlisle Palm Beach earlier this year. During his career, Newland has acquired, developed and managed senior living communities throughout the U.S., and worked with joint... Read More »
Lument Secures Financing for Pennsylvania Seniors Housing Portfolio
Lument refinanced three Juniper Village seniors housing communities with a combined 254 units through three Freddie Mac loans totaling $27.3 million. Casey Moore and Miles Kingston led the transaction for Lument. The loans carry attractive fixed interest rates, 10-year terms with five years interest only, and 30-year amortization schedules. Located in Pennsylvania, the three communities are Juniper Village at Forest Hills (60 assisted living units and 12 memory care units), Juniper Village at Lebanon (40 independent living units and 81 AL units) and Juniper Village at Mount Joy (50 AL units and 11 MC units). Juniper operates a total of 27 communities in Colorado, New Jersey, Pennsylvania... Read More »
Dwight’s Q2:25 Financing Activity
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed $650.7 million in seniors housing financings during the second quarter of 2025. The transactions featured a mix of bridge and HUD loans for assisted living communities and skilled nursing facilities across several states. In one of the significant transactions, DMT originated a $230 million bridge loan to facilitate the acquisition of a 19-asset skilled nursing/assisted living portfolio in Ohio. The deal was arranged by Adam Offman and Yossi Benish. DMT also provided an $80 million bridge acquisition loan for a five-asset SNF portfolio in Central Florida, along with a $12 million working capital line of credit to... Read More »
60 Seconds with Swett: Welltower Continues To Climb
The Welltower juggernaut just keeps on rolling, as another great earnings report sent shares up by more than 4.7% from their previous close to a new record high of $165.87 as of this filming. Its market cap pushed well beyond $100 billion, solidifying the REIT’s position as our industry’s first $100 billion dollar company. The board of directors may have also surprised a few by declaring a cash dividend for the second quarter of $0.74 per share, or a 10.4% increase from the prior quarter. The REIT is still sitting on approximately $9.5 billion of available liquidity too, including $4.5 billion of available cash and restricted cash plus full capacity under its $5 billion line of credit. So... Read More »
REIT-Affiliated Owner/Operator Divests Non-Core Asset to Private Owner/Operator
Blueprint facilitated the sale of a non-core seniors housing community on behalf of a national, REIT-affiliated owner/operator. The seller was focused on portfolio optimization through the divestiture of underperforming assets. Kyle Hallion, Steve Thomes and Kory Buzin handled the transaction. Built in 1997, this 85-unit/108-bed assisted living and memory care community is in a high barrier-to-entry submarket of the Greensboro, North Carolina MSA, close to multiple hospitals and medical office clusters. Ownership recently invested approximately $1 million in capital improvements, primarily in back-of-house systems. The incoming buyer has the opportunity to add value through interior... Read More »
Chartwell to Purchase Six-Asset Seniors Housing Portfolio in Ontario
Chartwell Retirement Residences has entered into a definitive agreement to purchase a seniors housing portfolio with six purpose-built seniors housing communities across London (three), Dorchester, Waterloo and Mississauga, Ontario, totaling 1,024 units. The communities serve low-acuity seniors and are all 100% private pay. The total purchase price is CAD$432 million (CAD$422,000 per unit), or USD$317.3 million (USD$310,000 per unit). The portfolio includes Riverstone in London, built in 2021 and 2023, with 124 independent living and 135 active adult units. Also in London is Richmond Woods, built in 2007 and 2010, featuring 130 IL and 112 AA units, along with Longworth, built in 2001, with... Read More »Schedule a demo
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