• Joint Venture Acquires Four AL/MC Communities

    Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care... Read More »
  • Another Publicly Traded REIT Joins the M&A Mix

    Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool... Read More »
  • Distressed AL/MC Community Gets New Owner

    Scott Frazier, Kory Buzin and Steve Thomes of Blueprint advised a special servicer in the seniors housing sector on the sale of Spanish Vines, a well-maintained assisted living/memory care community. It sits in a densely populated Pocket-Greenhaven neighborhood of southwest Sacramento, California. The 88-unit community was generating negative... Read More »
  • Underperforming Community Sells and Secures Financing

    A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts,... Read More »
  • Standalone MC Communities Secure Acquisition Financing

    Berkadia recently announced three financings on behalf of three different sponsors. In one of the closings, Steve Muth and Ed Williams arranged $25.8 million in acquisition financing for Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. The bridge financing was provided through Berkadia’s Proprietary Lending... 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 »