• 12 Oaks Senior Living Appoints New CFO

    12 Oaks Senior Living appointed Elliott Westerman as CFO, effective immediately. Westerman has more than two decades of leadership experience across senior living, healthcare, and real estate sectors. As CFO, Westerman will oversee all aspects of financial management, including financial planning and analysis, capital structure strategy,... Read More »
  • Ensign/Standard Bearer Adds Two Facilities

    The Ensign Group acquired a couple of skilled nursing facilities through its real estate subsidiary Standard Bearer Healthcare REIT. The first purchase was for Duncanville Healthcare and Rehabilitation Center, a 124-bed SNF in Duncanville, Texas, which will be operated by a third-party operator subject to a long-term, triple-net lease. Ensign... Read More »
  • HTG Closes Two Separate SNF Transactions

    Healthcare Transactions Group (HTG) recently closed two transactions in Missouri and Maryland. The Show Me State deal involved Baptist Home of Independence, an 118-bed skilled nursing facility and 20-bed Residential Care Facility in the town of Independence. Built in 1977, the campus received a major renovation in 2021 and was 65% occupied. ... Read More »
  • VIUM’s New H1 Record

    VIUM Capital completed the first half of 2025 with an impressive $780 million in transaction par value. That volume was closed across 32 transactions, 51 separate properties and 14 states, comprising both bridge and permanent debt. It represents the strongest first half of the year in the company’s history. Part of that activity was more than... Read More »
  • Kiser Group Launches Seniors Housing Division

    Kiser Group, a leading multifamily brokerage firm, has announced the launch of its new Seniors Housing Division with the addition of industry veteran Mark Myers as Partner. This strategic expansion reflects the firm’s commitment to meeting the evolving needs of investors and operators in the growing senior living sector. With more than 30 years... Read More »
National Health Investors Issues Another Update

National Health Investors Issues Another Update

National Health Investors is continuing its steady census progress, but the rent deferrals for Bickford Senior Living just will not end. The silver lining is that the deferral amounts are decreasing, from $3 million in both March and April of this year and $2 million in June. Now, the two parties have agreed to $1.5 million in rent deferrals per month in June and July. That will bring Bickford’s total deferred rents with NHI to $11.75 million for the year, so far, which is expected to be repaid over a period of 18 months commencing on October 1, 2021, at an interest rate of 8% from the date of the deferral. That is on top of the $3.75 million of Bickford deferred rent from Q4:20 and... Read More »
Public Companies Spring Into Action This June

Public Companies Spring Into Action This June

Public companies have made a statement so far in June, with a couple of REITs, one publicly traded operator and two foreign firms announcing acquisitions this week. First, across our border, Ontario-based Sienna Senior Living added one more Ontario retirement community to its portfolio. The 70-unit community in the town of Kingston sold for approximately $7.27 million, or $103,860 per unit. Then, across the Atlantic, Paris-based senior care operator Korian added about 1,000 beds, and eight long-term care/assisted living facilities, to its Belgium portfolio, which now numbers over 9,500 units. The Senior Assist group sold the facilities, five of which opened in the last 18 months. Now to... Read More »
NHI in the Nutmeg State

NHI in the Nutmeg State

Just a week after announcing it exercised a purchase option on five assisted living/memory care communities from Bickford Senior Living, National Health Investors has made another large purchase, including two Connecticut CCRCs for $56.3 million, or $119,787 per unit/bed. Built in 1968 with a 2009 renovation, the 241-unit/bed community in Bridgeport features 186 independent living units, 26 assisted living units, 13 memory care units and 23 skilled nursing beds. The other community, built in 1991 in Southbury, has 155 IL units, 26 AL units, 14 MC units and 34 skilled nursing beds on a 56-acre property. Both properties were owned by funds managed by certain affiliates of East Lake Capital... Read More »

NHI exercises its option

Further expanding its relationship with Bickford Senior Living, National Health Investors exercised its purchase option to acquire five assisted living/memory care communities from Bickford for $87.5 million, or $315,884 per unit, with an approximate cap rate of 8.3%. Although the properties are not included in the existing joint venture between the two entities, the companies have been closely linked since 2012 when they announced a 10-property partnership, then followed that with a 36-property development pipeline, plus various other acquisitions. This current deal involves five well performing properties in Iowa (2), Missouri, Illinois and Nebraska with an average combined occupancy of... Read More »

NHI making headlines

National Health Investors (NYSE: NHI) made plenty of news this month, starting with the unexpected announcement that CEO Justin Hutchens was stepping down to become the CIO of HCP. The company also made three acquisitions this month, totaling $33.5 million. First, in a sale/leaseback transaction, NHI acquired a 42-unit independent/assisted living community in Roscommon, Michigan for $6 million, or $142,900 per unit, with a 9.2% cap rate. Occupancy was 100% at the time of the sale, and in the past three years has never been below 90%. The seller, The Brook Retirement Communities, is leasing the property back from NHI for 10 years at an initial lease rate of 7.75%, representing an 8.6%... Read More »