SMS 2021 Trust as a Key Skilled Nursing Player in New Jersey
SMS 2021 Trust has established itself as a key player in the New Jersey skilled nursing facility sector, where it ties for the largest ownership position according to the latest CMS data. This strategic positioning highlights the trust’s significant investment in the healthcare infrastructure of the Garden State. Portfolio Overview The trust currently operates 59 skilled nursing facilities across seven states, with New Jersey representing its largest market concentration. The geographic distribution of SMS 2021 Trust’s portfolio includes: New Jersey: 29 facilities Maryland: 10 facilities Connecticut: 8 facilities Wisconsin: 4 facilities Delaware: 3 facilities Pennsylvania: 3... Read More »Vetter Senior Living’s Full Ownership of 31 Facilities
Vetter Senior Living, a not-for-profit organization founded in 1975, has established itself as a key player in Nebraska’s skilled nursing sector, according to the latest CMS data. The company maintains complete ownership of all 31 facilities in its portfolio, with 30 located in Nebraska and one in Missouri. Portfolio Breakdown The organization’s portfolio is diversified across multiple healthcare sectors: 24 Skilled Nursing Facilities (77.4% of portfolio) 4 Home Health agencies (12.9%) 3 Hospice providers (9.7%) Within Nebraska specifically, Vetter Senior Living operates 23 skilled nursing facilities, four home health agencies and three hospice services. Leadership Founded by... Read More »Jej Assets LP’s Statewide Skilled Nursing Presence in Arkansas
Executive Summary Jej Assets LP has established itself as a leading player in Arkansas’ skilled nursing facility sector, tied with Alexark1 LLC as the largest owner with 33 facilities each, according to the most recent Centers for Medicare & Medicaid Services (CMS) data from January 2025. The limited partnership operates exclusively in Arkansas and solely within the skilled nursing facility sector. The company’s ownership structure reveals varying levels of control across its portfolio, with 100% indirect ownership interest in 21 facilities, 40% limited partnership interest in seven facilities, and 40% indirect ownership in one facility. Ownership Structure and... Read More »Hunt Valley Holdings LLC: A Significant Skilled Nursing Player in Nevada
Hunt Valley Holdings LLC has established itself as a significant player in Nevada’s skilled nursing facility sector, according to recent data analysis from the Centers for Medicare & Medicaid Services (CMS). Portfolio Overview and Ownership Structure The investment firm is currently affiliated with 43 healthcare facilities nationwide, with skilled nursing facilities comprising the majority of its portfolio. According to the most recent CMS data (January 2025), Hunt Valley Holdings LLC maintains 39 skilled nursing facilities and four hospitals across six states. South Carolina represents the company’s largest market with 19 facilities, followed by Maryland with 11... Read More »
Welltower and Ventas Continue to Outperform
The Big Two REITs, Welltower and Ventas, continue to outperform the overall seniors housing market, leading the way in the post-pandemic recovery as the two largest owners of seniors housing properties. Welltower reported its fourth quarter and year-end 2024 results first, and it was impressive. Its fourth quarter same-community SHOP NOI increased by 23.9% year over year, while revenue increased by 8.8%. Same-community average occupancy increased by 310 basis points year over year, and the NOI margin jumped by 320 basis points in the fourth quarter. These are unusually strong numbers, but at some point, the growth rate will have to decline as back-to-back 20% plus increases will be... Read More »
Berry Weiss Secures Financing for Long Island AL/MC Portfolio
MONTICELLOAM announced the financing of a $115 million senior bridge loan for a portfolio of assisted living and memory care communities in Long Island, New York. The portfolio comprises four communities built between 1959 and 1974 with 567 units across 26.21 acres. A repeat MONTICELLOAM client, the sponsorship group, downstate New York owner/operator/private investor Berry Weiss, utilized proceeds from the financing to acquire the communities and plans to improve operations by expanding the services offered across 1,000 beds. The transaction carries a 36-month initial term with two six-month extension options. Senior Living Investment Brokerage handled the sale of the portfolio in... Read More »
KeyBank Provides Construction Financing
KeyBank Community Development Lending and Investment (CDLI) provided construction financing to a to-be-built affordable seniors apartment community in Pittsburgh, Pennsylvania. The package consisted of a $27 million construction loan and a $14.4 million private placement permanent loan to finance the adaptive reuse of the First & Market office building. First & Market building will introduce 93 units, complete with accessibility features, sustainable building practices, and proximity to public transit, healthcare and other downtown amenities. The sponsor, Beacon Communities, broke ground on the project last month. All 93 units will be restricted to the 62+ senior population and... Read More »VSL Vetter Health Services’s Skilled Nursing Presence in Nebraska
Led by President Glenn Van Ekeren, VSL Vetter Health Services LLC is a not-for-profit senior care provider headquartered in Elkhorn, Nebraska, and has established itself as one of the top players in Nebraska’s skilled nursing sector, according to the latest CMS data analysis. Portfolio Overview and Ownership Structure The organization is affiliated with 30 healthcare facilities across two states, with a strong concentration in Nebraska. Their portfolio includes: 24 skilled nursing facilities (80% of portfolio) 3 home health agencies (10% of portfolio) 3 hospice providers (10% of portfolio) Nebraska represents the core of VSL Vetter’s operations, housing 29 facilities, while... Read More »
60ish Seconds with Steve Monroe: The Coming Seniors Housing Shortage?
The Wall Street Journal just came out with a story about the coming seniors housing shortage. Unfortunately, it started with misinformation, when it stated that “seniors housing has been one of the biggest disappointments for commercial real estate investors.” In some periods yes, but in other periods not at all, when it has had outsized returns and beat the other sectors. It is all about context, and the writer should have known better. The story may, however, generate some investment interest. We are glad that occupancy has reached pre-pandemic levels, but we really need to get to 2017 levels to be happy. Remember, back in October 2020 we did the analysis and concluded it would take at... Read More »
Joint Venture Acquires in Florida
Bradley Clousing, Daniel Geraghty and Patrick Burke of Senior Living Investment Brokerage handled the sale of Promise Pointe at Tampa Oaks. The seller was a local developer, and this was its only seniors housing asset. Built in 2018, Promise Pointe is an 108-unit assisted living and memory care community in Tampa, Florida. This Class-A property sits on 7.18 acres and was breaking even at the time of the sale, with occupancy around 85%. The community was developed as an EB-5 program but never stabilized. The buyer is a regional operator that partnered with an institutional capital provider. The joint venture intends to complete a cosmetic update and focus on marketing efforts to... Read More »Schedule a demo
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