• 60 Seconds with Swett: Getting Realistic with New Development

    by | Sep 16, 2025 3:42 pm | 60 Seconds

    The positive mood at the NIC Fall Conference was contagious, as dealmakers were looking forward to a potential record-breaking fourth quarter. We at LevinPro are also gearing up to cover a new elevated level of M&A activity and pricing in the coming months, with our updated valuation tool better accounting for today’s market and the estimated... Read More »

  • NHC Responds to NHI

    by | Sep 16, 2025 3:39 pm | Uncategorized

    National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of... Read More »

  • REIT Acquires High-Quality Continuum of Care Community

    by | Sep 16, 2025 3:35 pm | Acquisitions

    Blueprint facilitated the sale of a Class-A seniors housing community in Jasper, Georgia. Built in 2022, The Lodge at Stephens Lake includes 83 units of independent living cottages, assisted living and memory care. It is adjacent to a large active adult development and benefits from significant planned residential and commercial growth. At the... Read More »

  • Legend Senior Living Adds Allentown-Area Asset

    by | Sep 16, 2025 3:33 pm | Acquisitions

    A Class-A, well performing property outside of Allentown, Pennsylvania, traded to a joint venture between Legend Senior Living and a new capital partner. Alex Florea and Kevin Lukehart of Blueprint handled the transaction. Legend previously operated The Vero at Bethlehem, which opened in July 2023 and stabilized within 18 months. At the time of... Read More »

  • CFG’s Senior Care Financing Activity

    by | Sep 16, 2025 3:32 pm | Financings

    Capital Funding Group financed more than $86 million across six transactions from early to mid-August. The transactions supported two memory care communities, four skilled nursing facilities, and one psychiatric hospital in Missouri, California, Tennessee, Texas and Virginia on behalf of nationally recognized borrowers, one of which is a... Read More »
BMO Harris Funds Construction Project in North Carolina

BMO Harris Funds Construction Project in North Carolina

by | Aug 5, 2021 4:32 pm | Developments, Financings

BMO Harris Bank’s Healthcare Real Estate Finance business announced that it secured a $72.4 million construction loan for a senior living community in Charlotte, North Carolina. The Village on Morehead will feature 199 high-end independent and assisted living units in 12 stories. Bridgewood purchased the site for $11.5 million and will have its wholly-owned management group, Retirement Center Management, operate the community once it opens in 2023.  CBRE arranged this loan through BMO Harris on behalf of a joint venture between Bridgewood Property Company and Harrison Street. CBRE originated a four-year, floating-rate loan with a full term of interest-only and extension options. Over the... Read More »
BMO Harris Bank Finances New Jersey Development

BMO Harris Bank Finances New Jersey Development

by | Jun 16, 2021 9:58 am | Developments, Financings

BMO Harris Bank’s Healthcare Real Estate Finance group announced that it led and closed a $73.4 million construction financing for a joint venture between LCS and an institutional partner to develop a 220-unit senior living community in Florham Park, New Jersey. People’s United Bank was also a $30 million participant in the deal.  Set to open in March 2023, the community will feature 128 independent living units (53 one-bedroom and 75 two-bedroom options), 58 assisted living units (10 studio, 40 one-bedroom and eight two-bedroom options) and 34 memory care units (32 private and two semi-private units).  Read More »
MedCore Partners Acquires Seniors Housing Portfolio

MedCore Partners Acquires Seniors Housing Portfolio

by | Jul 10, 2020 2:42 pm | Acquisitions

MedCore Partners and The National Realty Group announced their purchase of a seven-property senior living portfolio on the West Coast. The deal included five senior living communities in Washington State and two in California. Among the Washington properties were the 60-unit Birchview Memory Care in Sedro-Wooley, the 55-unit Discovery Memory Care in Sequim, The Sequoia in Olympia with 92 units, the 72-unit Cooks Hill Manor in Centralia and lastly, and the largest, The Village in Tacoma with 136 units. In California, there was Del Obispo Terrace in San Juan Capistrano with 91 units and the 76-unit Westminster Terrace in Westminster.   Their operator,... Read More »
BMO Harris Bank Closes Credit Facilities

BMO Harris Bank Closes Credit Facilities

by | Jan 10, 2020 3:50 pm | Financings

BMO Harris Bank’s Healthcare Real Estate Finance group has been busy lately closing credit facilities for senior living clients. The first transaction saw the bank close a $59.4 million facility for LCS’ acquisition of The Clare CCRC in downtown Chicago, Illinois. We profiled the sale in this month’s edition of The SeniorCare Investor, and subscribers can read the story here. Then, BMO provided a syndicated $75 million senior credit facility for Largo Land Development, LLC and Watermark Retirement Communities to develop a 219-bed independent living/assisted living/memory care community and a 64-unit active adult community in Upper Marlboro, Maryland (Washington, D.C. MSA). BMO partnered... Read More »
PE Group Gets Financing from BMO Harris Bank

PE Group Gets Financing from BMO Harris Bank

by | Aug 1, 2019 4:53 pm | Financings

BMO Harris Bank’s Healthcare Real Estate Finance team supported a private equity group’s acquisition of a 132-unit seniors housing community in Bloomington, Indiana, by acting as sole lender of a $19.5 million senior secured term loan. Midwest operator Arrow Senior Living will be the new fee-based manager of the three-year old community, adding more dining services and enhanced social events in addition to the existing amenities like complementary chauffeured transportation, spacious courtyards and a fitness center, among others. Arrow manages each of its 13 communities in partnership with its parent company, Turnaround Solutions LLC, an affiliated seniors housing consulting company that... Read More »