• Northstar Senior Living and Alta Senior Living Merge

    In the mad dash for growth in the seniors housing sector, a lack of new development and an abundance of buyers crowding certain corners of the M&A market has led some owner/operators to seek acquisitions or mergers of whole management companies. It can certainly be a viable alternative that allows one to grow without a massive capital... Read More »
  • In-Place Operator Acquires Senior Care Campus

    CBRE National Senior Housing’s Debt and Structured Finance team arranged acquisition financing for a senior care campus on behalf of Wingate Living and its affiliates. Wingate Living is a Newton, Massachusetts-based senior living developer/owner/operator with a focus on New England. Aron Will and Michael Cregan arranged the financing, securing a... Read More »
  • Joint Venture Takes on Stabilization Project

    Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint closed a deal on behalf of an institutional seller that was looking to divest its assisted living/memory care community. The purpose-built asset was constructed in 2000 by a national developer and comprises 52 units. It sits in West Bloomfield, Michigan, which is Michael Segal’s... Read More »
  • Large SNF Portfolio Secures Acquisition Financing

    Marking another milestone for MONTICELLOAM in a banner first quarter, the firm funded $435 million in bridge and working capital financing for a skilled nursing portfolio that encompasses 14 facilities in Maryland. Of the total, $400 million supported the acquisition of the 1,890 beds. The sponsor group is a returning client that owns/operates... Read More »
  • Joint Venture Secures Acquisition Financing

    A joint venture between Winterpast Capital Partners, Vitality Senior Living Management and Virtus Real Estate Capital acquired an assisted living/memory care community, securing bridge financing through Coastal States Bank. The financing includes reserves to support the joint venture’s ongoing repositioning of the community and was structured... Read More »
Sabra Health Care REIT Grows Its Southern California Portfolio

Sabra Health Care REIT Grows Its Southern California Portfolio

Sabra Health Care REIT has teamed up with Scottsdale, Arizona-based owner/operator Cadence Living to grow its senior living portfolio with the purchase of an assisted living/memory care community in Poway, California (San Diego MSA). Located adjacent to a 149-bed skilled nursing facility and near the Palomar Hospital, the community is spread out on 32 acres with seven separate buildings. It is unique in that it offers a horticultural-therapy program that grows more than 20,000 pounds of organic fruits and vegetables on several fields and greenhouses located throughout the property. There are of course many benefits to this program, from the obvious farm-to-table meals to providing excess... Read More »
Cadence Living Making Moves in Arizona

Cadence Living Making Moves in Arizona

A Scottsdale, Arizona-based senior living operator is set for a major expansion into its home state, joining other builders in the booming Phoenix metro market. Cadence Living and its San Diego-based development partner Global Seniors Housing acquired the 7.7-acre plot in the town of Chandler (about 20 miles southeast of Phoenix) and is set to start construction on the project later this year. Estimated about a cost of $46 million, or about $240,000 per unit, the community will feature 191 units of independent living, assisted living and memory care services. The community will join Cadence’s brand-new community in Glendale, which opened this March with 165 senior living units, plus two... Read More »