Washington AL Community Secures Financing
Berkadia announced the arrangement of $25.6 million in bridge financing for an assisted living community in Spokane, Washington. Steve Muth, Austin Sacco and Garrett Sacco secured the financing through Berkadia’s bridge lending program for a Pacific Northwest sponsor and repeat client. The funds were used to retire existing debt on the community and return capital to the sponsor. At the time of underwriting, the facility boasted an 89% occupancy rate. The loan, featuring a 12-month interest-only term, is expected to qualify for a reduced debt seasoning period due to the facility’s strong operational history, allowing for immediate submission to HUD upon closing, with a cap at 70%... Read More »Alexark1 LLC’s Arkansas Skilled Nursing Portfolio
Executive Summary Alexark1 LLC has established itself as one of the leading skilled nursing facility owners in Arkansas, tied with JEJ Assets LP at 33 facilities each, according to the most recent Centers for Medicare & Medicaid Services (CMS) data from January 2025. The company’s portfolio consists exclusively of skilled nursing facilities within Arkansas, with no operations in other states or healthcare sectors. Of the 33 facilities affiliated with Alexark1 LLC, 21 maintain 100% ownership by the company, while the remaining facilities have varying ownership structures. Company Overview Alexark1 LLC is a for-profit limited liability company with ownership stakes in numerous... Read More »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 »Schedule a demo
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