• Berkadia Announces 2025 Activity and Latest Deal

    Berkadia recorded another successful year, with more than $2 billion in mortgage banking closings for the second consecutive year. In 2025, Berkadia’s financings were spread across 123 properties including active adult, independent living, assisted living, memory care and skilled nursing communities. Multiple lending sources were utilized, such... Read More »
  • Bank Closes Refinance and Acquisition Financing

    Coastal States Bank announced that it recently closed $9 million in financing to refinance a 60-unit purpose-built memory care community near Centerville, Ohio, and to acquire a 53-unit memory care community in Creve Coeur, Missouri. Following the closing, the sponsor’s affiliated management company, Kauhale Healthcare Management, began managing... Read More »
  • SLIB Sells Ohio Assisted Living Portfolio

    Jeff Binder and Ryan Saul of Senior Living Investment Brokerage sold a portfolio of three seniors housing communities in Ohio. Built between 1987 and 2009, the three buildings consist of 314 total units. They were in receivership. Working on behalf of the out-of-state owner, which has other seniors housing communities throughout Ohio, SLIB... Read More »
  • AHR’s New Interim CEO

    American Healthcare REIT, Inc.’s Chief Executive Officer and President, Danny Prosky, has taken a medical leave of absence, effective February 3, 2026, due to a recent medical event. So, the Company’s Board of Directors appointed Jeffrey T. Hanson, the Chairman of the company’s Board, to serve as Interim CEO and President, effective... Read More »
  • NHI Acquires Nine Communities

    National Health Investors made a large SHOP purchase, adding nine communities consisting of 460 total units across Kentucky, South Carolina and Tennessee. The properties will be managed by Allegro Living Management, an affiliate of Spring Arbor Management. NHI has an existing relationship with Spring Arbor totaling approximately $227 million in... Read More »
Capitol Seniors Housing Sells High-End Portfolio

Capitol Seniors Housing Sells High-End Portfolio

REITs and private equity firms were responsible for the largest transactions recorded in November, and most recently, an institutional private equity fund first spent approximately $250 million in cash on a portfolio of six seniors housing communities owned by Capitol Seniors Housing. Four of the communities, including three operated by Arbor Company and one by Chelsea Senior Living, were developed in the last few years in Maryland (2) and New Jersey (2). There was also a 92-unit assisted living/memory care community in Tampa, Florida acquired in 2015 (upon certificate of occupancy) for $20 million, or $217,400 per unit, and an 80-unit independent living community in... Read More »
Bain Capital and CSH Sell Seniors Housing Portfolio

Bain Capital and CSH Sell Seniors Housing Portfolio

Bain Capital Real Estate and Capitol Seniors Housing have sold a portfolio of seven seniors housing communities located across four states to an undisclosed buyer. We’ll have more details to follow in the November issue of The SeniorCare Investor, but what we know right now is that there are 598 total units of assisted living and memory care. They were relatively new, Class-A communities, so we imagine they sold for a high (albeit undisclosed) amount. Bain and CSH had started growing the portfolio in 2015 through an initial acquisition and subsequent new developments.   Read More »
Capitol Seniors Housing Adds to Active Adult Portfolio

Capitol Seniors Housing Adds to Active Adult Portfolio

Capitol Seniors Housing (CSH) is continuing its expansion into the active adult market with the groundbreaking of a new community in Noblesville, Indiana, in the Indianapolis MSA. The Outlook at Hamilton Town Center will feature 164 units geared toward the middle market across 145,000 square feet.  The Outlook will offer one- and two-bedroom units, along with amenities such as an outdoor swimming pool and lounge, a clubhouse with coffee bar and game room, a library, a theatre and fitness studio. It will be located adjacent to Hamilton Town Center, which features shopping, dining and entertainment services. Element Architects designed the project with Core Construction serving as general... Read More »
Bain and Capitol Seniors Housing Acquire Active Adult Portfolio

Bain and Capitol Seniors Housing Acquire Active Adult Portfolio

Bain Capital Real Estate and Capitol Seniors Housing have teamed up to acquire an active adult portfolio of two properties in the Dallas-Fort Worth MSA.  The first property, The Orchards at Arlington Highlands, is located in Arlington. Built in 2019, it totals 265,611 square feet and features 180 units that offer one- and two-bedroom floorplan options. The second property, The Orchards at Market Plaza, was constructed in Plano in 2020 and contains 257,102 square feet, also consisting of 180 units with one- and two-bedroom options. The two communities are strategically located minutes from regional malls, entertainment, medical facilities, and major transportation corridors. Financial... Read More »
CBRE Refinances Seattle-Area Seniors Housing Community

CBRE Refinances Seattle-Area Seniors Housing Community

Five years after acquiring a Seattle-area senior living community, a joint venture between Capitol Seniors Housing(CSH) and a large university endowment refinanced the property. Aron Will of CBRE helped fund both the acquisition and this current transaction. He was joined by Austin Sacco and Adam Mincberg on the refinance. Purpose-built in phases in 2000 and 2004, the community features 106 units of assisted living and memory care. Located in Mukilteo it was 90% occupied (and rising) when CSH purchased the property from a local operator in late 2015 for $29.125 million, or $215,300 per unit. CBRE secured a five-year, $20.12 million loan from a national bank to fund the deal,... Read More »