CBRE Closes SNF Loan in Utah
Jason Stein and DJ Elefant of CBRE’s Debt & Structured Finance platform closed an acquisition loan for a skilled nursing facility in Utah. CBRE worked with a local Utah lender to arrange a $6.426 million loan that featured a 10-year term and a competitive 5.72% interest rate with no prepayment penalty. The loan came out to 75% LTC. Read More »
Knapp-Stahler Group Executes Speedy Sale
With a state-imposed operator transition deadline approaching, a regional owner successfully sold its 83-unit assisted living/memory care community in Chico, California, to another regional owner/operator with the help of Chad Mundy and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap. Built in 2001, Windchime of Chico features 120 licensed beds of assisted living and memory care with lakefront views, multiple common areas and a central courtyard. It was operated by a third-party manager. However, it was not performing well, with occupancy below 60% and a substantial operating loss, in addition to the imminent operator transition. There was also HUD debt secured by the... Read More »
Blueprint Closes Nine-Figure Deal in Oregon
A couple of seniors housing communities in the Portland, Oregon MSA, sold to a joint venture between a blue-chip national private equity investor and a respected West Coast-based owner/operator. Opened in 2016 and 2019, the two communities total 284 independent living, assisted living and memory care communities in highly affluent, high-barrier-to-entry submarkets. A joint venture between a multigenerational, regionally focused developer and local investors decided to sell the assets. These appear to be a couple of the high-end “Ackerly” assets, a 147-unit community in Portland and a 137-unit property in Sherwood. Earlier this month, Merrill Gardens announced that it was taking over the... Read More »The Springs At Pacific Regent La Jolla Featured in LevinPro Deal Database
The Springs At Pacific Regent La Jolla has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 3884 Nobel Dr in San Diego, California. It was incorporated on March 8, 2011. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving The Springs At Pacific Regent La Jolla in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal... Read More »
Blueprint Closes Two Seniors Transactions in Ohio
Blueprint recently handled two transactions in Ohio. First, Conner Doherty and Ryan Kelly facilitated the sale of a seniors housing community in a desirable market in Ohio. The not-for-profit seller was The Heritage Retirement Community. Built in 2000, The Belvedere of Westlake comprises 24 assisted living and nine memory care units in Westlake. At the time of marketing, the community demonstrated strong occupancy and consistent cash flow. The quality of the land and physical plant also offered investors a base for operational and long-term value creation. Blueprint targeted buyers aligned with the community’s mission and care standards, and a not-for-profit owner/operator with an... Read More »
Invesque Shareholders to Vote on Two Proposals
Invesque has called a special shareholder meeting for June 18, 2025, where shareholders will vote on two proposals. First, they will consider enabling Invesque’s board to sell or lease substantially all of the company’s assets through one or more transactions. That could include direct asset sales, the sale of subsidiary equity, mergers, or other business combinations, but the board would have maximum flexibility for any direction, if market conditions are favorable. The board has not yet signed any definitive agreements, but the company has already been selling many of its assets. In October 2024, it announced plans to divest its entire Commonwealth Senior Living-managed portfolio,... Read More »
Dwight Mortgage Trust Finances Bridge Loan
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, financed a $20 million bridge loan for Bria of Palos Hills, a 207-bed skilled nursing facility in Palos Hills, Illinois (Chicago MSA). Originally built in 1980, the facility received a major renovation and expansion in 2016 with the addition of a two-story wing connected to the original single-story structure. The original building primarily serves long-term care residents, while the newer extension is designed for short-term rehabilitation and post-acute care. Then in September 2023, one of the wings was converted into a specialized dialysis and ventilation unit, further enhancing the facility’s ability to provide high-acuity... Read More »
Kisco Senior Living Buys Beds in North Carolina
Senior Living Investment Brokerage was engaged by a North Carolina-based skilled nursing owner to confidentially market and sell 75 adult care home beds in Wake County, North Carolina. The beds were affiliated with multiple skilled nursing facilities located across the county and were slated for sale because the owner was eliminating assisted living services within the facilities. After a 30-day marketing period, SLIB procured multiple offers from seniors housing groups before Kisco Senior Living ultimately bought the beds to expand its count at multiple properties in the county. Patrick Burke, Toby Siefert and Jason Punzel handled the transaction. Read More »
Texas Capital Bank Provides Financing to Regional Operator
A California-based regional senior care operator with more than 20 facilities across the western United States recently obtained a revolving credit facility, arranged by Grant Goodman of G Capital. Proceeds from the $30 million facility will be used to support working capital requirements and continue the owner’s strategic expansion as new acquisition opportunities arise. It was structured as a non-recourse, accounts receivable-based facility that includes several borrower-friendly features atypical in the current credit environment, including no prepayment penalty, a 180-day borrowing base and advance rates inclusive of assisted living waiver Medicaid. Priced at a highly competitive... Read More »
Harbert Management Corporation Secures Financing for California Community
Live Oak Bank provided a $25 million bridge-to-sale loan to finance a seniors housing community near Los Angeles, California. Harbert Seniors Housing Fund I LP, which is managed by Harbert Management Corporation, is the borrower. The financing features a three-year initial term, 36 months of interest-only payments and $2.8 million in potential future earnout proceeds. The property totals 97 independent living, assisted living and memory care units. Read More »Schedule a demo
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