REIT Acquires Underoccupied Seniors Housing Portfolio
After acquiring a seniors housing portfolio through a joint venture in 2019, MedCore Partners and Trinity Private Equity Group have decided it was time to divest. Amy Sitzman, Giancarlo Riso and Jake Rice of Blueprint brought the portfolio out to market, and at that time, it was generating $4.5 million in EBITDAR on around $21 million in annual revenue. It comprised a mix of 409 private pay and Medicaid units, and was purpose-built between 2014 and 2016. There is room for upside, with occupancy hovering just above 75%. The four assets sit in primary and secondary markets across Arizona and Utah. After the joint venture seller’s 2019 acquisition, which it completed for $98 million, or... Read More »
Philadelphia AL/MC Community Trades Hands
Brett Gardner, Joshua Jandris and Jason Skalko of Cushman & Wakefield represented an undisclosed seller in its sale of The Terrace at Chestnut Hill, a 62,600-square-foot, 108-unit assisted living and memory care community in northwest Philadelphia, Pennsylvania. The buyer, MVJ Ventures LLC, was represented by Jason Stroiman and Brendan DeSilva of Evans Senior Investments. The community was built in 1987 and renovated in 2012, and at the time of sale, it was 85% occupied. It will be operated by Viva Senior Living, and rebranded as Viva Senior Living at Chestnut Hill. While the asset carried existing agency debt, the buyer elected not to assume the loan and instead paid off the... Read More »
RiverSpring Living Develops First NYC CCRC
Ziegler and HJ Sims, as co-managers, completed a $632.9 million tax-exempt bond financing for not-for-profit RiverSpring Health Living, Inc. Proceeds of the issue will be used to develop River’s Edge, a new CCRC set to comprise 260 independent living units on RiverSpring Living’s existing 32-acre campus in the Riverdale section of the Bronx, New York, overlooking the Hudson River, the Palisades, the George Washington Bridge and the Manhattan skyline. The project, the first phase of a planned two-phase development, will sit on land leased from the Hebrew Home at Riverdale, the skilled nursing component of the RiverSpring Living campus. At financing, the project had secured presales on... Read More »
Clarion Partners Expands in Nashville MSA
Clarion Partners, an affiliate of Franklin Templeton Investments, announced that Clarion Partners Real Estate Income Fund Inc. acquired Vitality Living Franklin, a 126-unit seniors housing community in Franklin, Tennessee (Nashville MSA). The community was built in 2014, renovated in 2023 and faced little new competition in the area. It was nearly full as a result. The community sits three miles from Williamson Medical Center and offers both assisted living and memory care services. The community is operated by Vitality Living, a Nashville-based senior living operator with more than 35 communities across the Southeast and Texas. Read More »
Regional Buyer Acquires Community Adjacent to Its SNF
Senior Living Investment Brokerage’s Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham recently sold a 42-unit assisted living community in Cashmere, Washington, near Wenatchee in the central part of the state. Epledalen Assisted Living was built in 1999 and was fully occupied, but its local owner/operator wished to exit the industry. So, a regional owner/operator looking to expand its Washington footprint stepped in to acquire the community for an undisclosed price. The buyer owns the skilled nursing facility that is adjacent to the community, so the acquisition should provide some operational synergies. Read More »
National Healthcare Properties and Discovery Buy Large Portfolio
In an off-market deal, National Healthcare Properties acquired a portfolio of 13 seniors housing communities in eight states through a joint venture with Discovery Senior Living. The new SHOP assets total 592 units of assisted living and will be placed under a RIDEA structure with Discovery, which has been managing and will continue to manage the portfolio. The price was $64 million, or $108,100 per unit. In addition, NHP gained a right of first refusal and purchase option on an additional 13 senior living communities with approximately 500 assisted living units currently managed by Discovery. The transaction is expected to close in the second quarter of 2026, subject to closing conditions... Read More »
Debtor Sells SNF at Auction
Blueprint was engaged by the debtor and approved by the U.S. Bankruptcy Court of Eastern New York District to sell the real estate of a skilled nursing facility outside of Yakima, Washington. Arcadia Medical Resort of Parkside was built in 1972 and is licensed for 88 beds, providing long-term care, rehabilitation and therapy services. It is set in a predominantly residential area and was the only licensed facility in the town of Union Gap. At the time of initial marketing, the facility had relatively low census and star ratings, but it maintained positive cash flow, due in part to its contractual Medicaid reimbursement rate which exceeded $400 per day. Blueprint first procured a stalking... Read More »
Dwight Capital Buys HUD Mortgage Servicing Rights Portfolio
Dwight Capital acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, which includes loans secured by skilled nursing facilities, assisted living communities and hospitals. The portfolio totals over $500 million in unpaid principal balance from 69 loans across 22 states. Now, following the acquisition, the loan servicing portfolio of Dwight Capital and its affiliates will exceed $15 billion. Dwight has strategically focused on expanding its servicing footprint and strengthening long-term relationships as both a principal lender and servicer, and a third-party servicer. The transaction also underscores Dwight’s commitment to continued growth within the... Read More »
Acquisition Financing Secured for Skilled Nursing Portfolio
Capital Funding Group closed a bridge financing for the acquisition of four skilled nursing facilities, featuring a total of 487 beds, across Colorado, Alabama and Arizona. The portfolio sold for $51.2 million, or $105,100 per bed, to an operator looking to expand its portfolio. CFG intends to bring the loan to HUD for a permanent refinance. CFG Managing Director and Co-Head of Healthcare Business Development Andrew Jones and Senior Associate Ava Julio originated the transaction for the company. Read More »
National Health Investors Reports Its Most Active Year
National Health Investors released its fourth-quarter and full-year 2025 results, and it made significant strides in 2025. The REIT completed $392.4 million in investments, marking its most active year yet. Its SHOP portfolio expanded from 15 communities to 26 during the year, and has kept the momentum going into 2026. So far this year, the company has announced that it purchased nine assisted living communities with 460 units across Kentucky, South Carolina and Tennessee. The portfolio was acquired for $104.5 million, or $227,200 per unit, excluding closing costs. This represents the company’s largest SHOP acquisition to date, and brings its total SHOP investments to $740 million.... Read More »Schedule a demo
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