• Michigan Assisted Living Community Changes Hands

    Harborside Senior Living, a 20-unit/30-bed assisted living community in Luna Pier, Michigan, near the Ohio border and the Toledo MSA, sold to Lamont Jones, a healthcare entrepreneur who is building a seniors housing brand in Michigan. Built in 2023 by a pair of investors, Harborside Senior Living will now operate under the leadership of Luna... Read More »
  • Assisted Living/Memory Care Portfolio Secures Bond Financing

    D.A. Davidson closed $120.04 million in Senior Living Revenue bonds, Series 2026A-1, Series 2026A-2 and subordinated bonds forKingsPath Target Housing of Minnesota, LLC. The bonds financed the acquisition and refinancing of seven assisted living/memory care communities with 224 units in the Minneapolis-St. Paul, Minnesota, MSA. The acquired... Read More »
  • Another Record Year on the Horizon

    The bar keeps rising, and the industry continues to clear it, with a third consecutive annual record for publicly announced senior care M&A activity appearing well within reach. Through the first five months of the year, the industry has averaged 81 publicly announced deals per month. Annualized, that pace would result in just under 1,000... Read More »
  • 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 »
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 »