Joint Venture Secures Financing
Live Oak Bank provided financing for the acquisition of Whisper Woods of Smithtown by a joint venture between National Development and Benchmark Senior Living. The previous owner, Sculptor Real Estate, refinanced the property in 2023. Live Oak provided that $29 million loan as well. Built in 2018, Whisper Woods is a 125-bed assisted living and memory care community in Suffolk County, New York. There are 71 AL units and 30 MC units across studio, one- and two-bedroom floorplans. National Development and Benchmark also recently broke ground on an 86-unit (63 AL and 23 MC) seniors housing community in Scotch Plains, New Jersey. This marks the developer’s entry into the state. Opening is... Read More »Peace Capital Holdings’ Presence in New Jersey Skilled Nursing Market
Peace Capital Holdings LLC (DE) has a particularly strong skilled nursing presence in New Jersey, according to the latest CMS data analysis. Portfolio Overview The Delaware-registered company currently operates 58 skilled nursing facilities across seven states, with New Jersey representing its largest market concentration. With 29 facilities in New Jersey, Peace Capital Holdings shares the position of largest skilled nursing facility owner in the state alongside SMS 2021 Trust, which also owns 29 facilities. Beyond New Jersey, the company has established a significant regional footprint with 10 facilities in Maryland, seven in Connecticut, four in Wisconsin, three each in Pennsylvania and... Read More »Bridges Esop, Inc: Oklahoma Skilled Nursing Operator with Employee Ownership
Bridges Esop, Inc, a 100% employee-owned company, has established itself as a key player in Oklahoma’s skilled nursing facility sector, according to the latest CMS data analysis. Its portfolio consists entirely of skilled nursing facilities, with all 31 properties located in Oklahoma, sharing the top position with Bridges Employee Stock Ownership Trust. According to the most recent CMS data, Bridges Esop, Inc maintains 100% ownership of all its facilities. Company Background and Leadership Bridges Esop, Inc appears to be related to Bridges Health, which was established in 1976 and transitioned to an Employee Stock Ownership Plan (ESOP) in December 2020. As one of the few... Read More »Silver Creek Equity Secures Financing
BWE arranged a $20 million loan to provide permanent financing for Lake Place, a 110-unit active adult community in Chanhassen, Minnesota. Lundat Kassa of BWE originated the financing through Freddie Mac on behalf of the borrower, Silver Creek Equity, a Minnesota-based developer. The 10-year loan features a 35-year amortization period and five years of interest-only payments. The loan replaces a high-interest rate, floating-rate construction loan. Lake Place was built in 2023 and completed lease-up during the loan underwriting. The community is reserved for residents age 55 or older, and 50 of the units are set aside for those who earn 60% or less of the area median... Read More »
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 »Schedule a demo
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