Meridian Senior Living Acquires CO Property
Meridian Senior Living acquired a seniors housing community in Parker, Colorado, through a joint venture with a state pension fund investor. This transaction represents the 11th acquisition within the partnership and introduces Meridian to the Colorado market. Meridian’s portfolio now comprises more than 46 communities in 16 states. Built in 2018 with a strong rebound in occupancy post-pandemic, Pine Grove Crossing comprises 100 assisted living and 27 memory care units on 4.41 acres. Meridian intends to implement capital improvements to enhance resident amenities, including upgrading dining areas and outdoor spaces. Read More »
Radiant Senior Living Secures LifeCo Loan
Berkadia announced the closing of an $11.35 million refinance with a life insurance company for La Conner Retirement Inn, a seniors housing community in La Conner, Washington. The community, owned by Radiant Senior Living, features 67 independent living and assisted living units. Steve Muth, Ed Williams, Garrett Sacco and Alex Rosenfeld handled the transaction on behalf of Berkadia. The loan features a multi-year term with an attractive fixed interest rate, an initial period of interest-only payments, a long-term amortization schedule, and a conservative loan-to-value ratio. Read More »
Roers Companies Secures Refinancing for MN Active Adult Community
Thorofare Capital, an affiliate of asset management platform Callodine Group LLC, provided a $42.9 million bridge loan to refinance Risor of St. Louis Park, a 170-unit active adult community in St. Louis Park, Minnesota. The borrower, Roers Companies, will use the financing primarily to retire an existing construction loan on the Class-A property. Completed in November 2023, the community is 78% leased. Scott Loving, William Hintz, Scott Streiff and Gary Marchiori of JLL arranged the loan. Read More »PACS Holdings Emerges as Major Skilled Nursing Owner with Strong South Carolina Presence
PACS Holdings, LLC, a subsidiary of PACS Group, Inc. (NYSE: PACS), has established itself as one of the largest skilled nursing facility owners in South Carolina, according to recent CMS data analysis. The company currently owns 19 skilled nursing facilities in South Carolina, matching its footprint in Colorado while maintaining a significant national presence across nine states. Portfolio Overview Data from the most recent CMS upload reveals that PACS Holdings owns a total of 181 skilled nursing facilities nationwide. The company’s portfolio is heavily concentrated in California with 118 facilities, representing 65% of its total operations. South Carolina and Colorado each host 19... Read More »Doros Generation Trust: Major Midwest Skilled Nursing Facility Owner
“Doros Generation Trust U/A/D 1/3/12” has established itself as one of the dominant players in the skilled nursing facility (SNF) sector across the Midwest, with a particularly strong presence in South Dakota, according to the latest CMS data analysis. Portfolio Overview The trust currently owns 61 skilled nursing facilities across three Midwest states, with Illinois representing its largest market at 41 facilities, followed by South Dakota with 14 facilities, and Iowa with 6 facilities. Doros Generation Trust is one of the top three owners of skilled nursing facilities in South Dakota, alongside Gpn Family Trust U/A/D 04/28/08 and Legacy Healthcare Financial Services LLC.... Read More »Fundamental Healthcare Maintains Strong Nevada Skilled Nursing Presence
THI of Baltimore, Inc., a wholly-owned subsidiary of Fundamental Healthcare, continues to maintain a significant footprint in Nevada’s skilled nursing sector, according to the latest CMS data analysis. The Maryland-based company owns seven skilled nursing facilities in Nevada, matching Hunt Valley Holdings LLC for the largest ownership position in the state’s skilled nursing market. Portfolio Overview THI of Baltimore’s portfolio includes 42 healthcare facilities across six states, with 39 skilled nursing facilities and 3 hospitals. The company’s strongest presence is in South Carolina with 19 facilities, followed by Maryland (11), and Nevada (9). The Nevada... Read More »Foundations Health Dominates Ohio Skilled Nursing Market with 57 Facilities
Foundations Health LLC, Ohio’s largest skilled nursing facility operator, maintains a commanding presence in the state’s skilled nursing market with 57 facilities, according to the latest CMS data. The company was founded and is led by CEO Brian Colleran. Market Leadership Analysis of the most recent CMS data reveals Foundations Health as the dominant player in Ohio’s skilled nursing landscape, with nearly five dozen facilities exclusively within state borders. The company offers a range of services including post-hospital care, skilled nursing, inpatient rehabilitation, long-term care, memory care, and ventilator services. Ownership Structure Foundations Health maintains... Read More »
Luthercare Secures Bond Financing
Ziegler announced the closing of Luthercare’s $31.52 million Series 2025A and 2025B bonds (together the “Series 2025 bonds”). Luthercare is a Pennsylvania-based not-for-profit that currently operates two communities in Lancaster County, Pennsylvania: Luther Acres and St. John’s Herr Estate. They collectively feature 678 units. Luther Acres is on 55 acres in Lititz and comprises 357 independent living units, 70 personal care units and 86 skilled nursing beds. St. John’s Herr Estate is on 48 acres in Columbia and includes 125 independent living units and 40 personal care units. Residents of St. John’s Herr Estate have priority access to the skilled nursing beds at Luther Acres, which... Read More »
Ikaria Capital Group Launches
Ikaria Capital Group, led by Jason Dopoulos and Ken Gould who were formerly with White Oak Healthcare Partners and Lancaster Pollard, announced its launch. Headquartered in Cleveland, Ohio, Ikaria specializes in financing skilled nursing and seniors housing communities. Ikaria brings more than 100 years of collective experience in financing, structuring, underwriting, servicing and asset-managing bridge and FHA/HUD loans. Ikaria’s platform specializes in debt solutions, including bridges for acquisitions, recapitalizations, refinances and construction, permanent (long-term) debt structures, FHA/HUD loans and working capital lines for skilled nursing, hospitals and other healthcare... Read More »
Omega Healthcare Investors Continues Improvement
It has been a slog for owners of nursing homes, but Omega Healthcare Investors continues to improve from the COVID messes it encountered. Major tenant LaVie, which entered into bankruptcy protection last June, paid its full monthly rent of $3.0 million from June 2014 through January 2025. And Maplewood, which ran into some serious problems, paid $4.5 million in rent in January and $12.3 million in the fourth quarter of 2024. The REIT is also growing, having completed $340 million in new investments in the fourth quarter, and $939 million for the full year. The fourth quarter investments included $179 million in real estate acquisitions and $162 million in new loans. The new loans... Read More »Schedule a demo
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