• Brookdale’s Uneven Recovery

    Brookdale Senior Living has been going through some major changes in the last year, so naturally its recovery could be a little uneven, with the hope of more long-term growth and stability. They have a new CEO, COO and a new operational structure, in addition to exiting more than 100 communities in the last year. But the mixed bag of results can... Read More »
  • Two Public REITs Continue Their SHOP Push

    Two public REITs honing in on the seniors housing sphere have announced their first quarter earnings results. LTC Properties reiterated its commitment to seniors housing again, and Janus Living, Healthpeak Properties’ spin-off REIT that debuted in the public markets in March, is already showing momentum. First, after completing seniors housing... Read More »
  • Tennessee Assisted Living Community Sells

    Andrew Montgomery of Montgomery Intermediary Group recently sold an assisted living community in eastern Tennessee. Built in the late 1990s, the building featured more than 40 units, plus some houses on its campus. There was some additional acreage, as well. It was sold by one out-of-state owner to another, but the buyer has another assisted... Read More »
  • SNF Portfolio Trades Following Strong Bidding Environment

    A regional operator looking to recycle capital divested a portfolio of four skilled nursing facilities in Florida. There were a total of 460 functional beds, and they were spread across Rockledge, Naples, Venice and Sarasota. Evans Senior Investments handled the deal.  The portfolio generated approximately $46 million in total annualized... Read More »
  • Class-A Seniors Housing Community Receives Agency Financing

    BWE closed $77 million in fixed-rate, Fannie Mae financing for a Class-A seniors housing community in a major Midwest MSA. The 10-year loan features a full term of interest-only payments. Ryan Stoll and Taylor Mokris led the financing. The community offers a full continuum of care, including independent living, assisted living and memory care.... Read More »
Hunt Real Estate Capital Rises in Phoenix

Hunt Real Estate Capital Rises in Phoenix

Nearly a year on from its departure from RED Capital Group, the Kathryn Burton Gray-led team at Hunt Real Estate Capital closed a $7.0 million bridge loan to fund the acquisition of a 44-unit memory care community in Phoenix, Arizona. Brady Johnson originated the deal, with help from Ms. Burton Gray and Michael Jones, working on behalf of the joint venture buyer that consisted of CALCAP Real Estate Advisors, a California-based real estate investment firm, and Greg Roderick, President and CEO of Frontier Management. This is CALCAP’s first foray into seniors housing, and they will certainly benefit from Mr. Roderick’s operating experience. Built in 2000 but renovated in 2016, the community... Read More »