• Out-of-State Owner Divests to Investor

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
  • CFG Hit the Ground Running in Q1

    Capital Funding Group wasted no time in the first quarter, closing $428.9 million in total financing. The transactions spanned skilled nursing, assisted living, independent living, memory care, behavioral health, multifamily and commercial lending on behalf of nationally recognized borrowers. Some highlighted transactions include: ● A $17.6... Read More »
  • Separate Borrowers Secure Financing

    Cambridge Realty Capital announced a couple separate closings. First, the company provided a $4.31 million HUD refinance of Elizabeth Care Center, a skilled nursing facility in Elizabeth, West Virginia. Cambridge utilized HUD’s Express Lane, which enabled the loan application to receive its firm commitment just 18 days after being accepted. ... Read More »
  • Blueprint Brings on New Team Member

    Blueprint welcomed Peter Trazzera to the team as Senior Director, Capital Markets. Trazzera brings deep expertise in financing solutions and is set to further elevate Blueprint’s capabilities in the sector. He has an extensive background in institutional capital, and is joining following a 12-year tenure as Senior Vice President at KeyBank... Read More »
  • High-Priced Sale Closes in Chicago

    The bar keeps getting raised for pricing in the seniors housing industry, and we believe a new record has been set for a property sale in Chicago, Illinois. It was revealed that the seven-story Belmont Village Lincoln Park was bought by CBRE Investment Management for approximately $151 million, according to property tax records. Based on a lower... Read More »
CareTrust REIT’s Bountiful Acquisition

CareTrust REIT’s Bountiful Acquisition

CareTrust REIT just bought an assisted living community in Bountiful, Utah, leasing it to Bayshire LLC, which will take over operations going forward. Built in 1999, the 62-unit community is well situated on the campus of Lake View Hospital, an affiliate of MountainStar Healthcare and HCA Healthcare. It was previously owned by the not-for-profit South Davis Community Hospital Campus, but was sold so South Davis could focus on its adjacent higher-acuity operations.   Bayshire took over the operations, adding the facility to its master lease with CareTrust that has a remaining term just under 15... Read More »