• Grace Management Adds Five Ventas Communities

    by | Nov 14, 2025 2:25 pm | Acquisitions

    Grace Management expanded its relationship with Ventas, adding five seniors housing communities owned by the REIT to its operating portfolio. The communities were previously managed under a triple-net lease structure. They include Brookdale Lake Shore Drive in Chicago, Illinois, Brookdale Northbrook in Northbrook, Illinois, Brookdale Springs Mesa... Read More »

  • Seller Boosts Census Ahead of Sale to JV

    by | Nov 14, 2025 2:22 pm | Acquisitions

    Senwell Senior Investment Advisors sold Rose Hill Retirement Community, a 66-unit, 87-bed assisted living community in Marion, North Carolina. Originally built as a hospital, Rose Hill has been transformed by the seller over the past two decades into a senior care community. After a previous attempt to sell the community was unsuccessful,... Read More »

  • Joint Venture Buys Orange County Community

    by | Nov 14, 2025 2:21 pm | Acquisitions, Financings

    A high-end seniors housing community in Orange County sold with the help of CBRE National Senior Housing. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged acquisition financing from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »

  • Developer Secures Construction Financing

    by | Nov 14, 2025 2:20 pm | Developments, Financings

    JLL Capital Markets arranged a $47 million construction financing for The Arbella at Blue Hills, a 164-unit, active adult community to be developed in Bloomfield, Connecticut. JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut.... Read More »

  • Midwest-Based Operator Refinances AL/MC Communities

    by | Nov 14, 2025 2:19 pm | Financings

    MONTICELLOAM, LLC, along with firm affiliates, provided a $28.5 million senior bridge financing for two Midwest seniors housing communities. The financing was originated by Karina Davydov, Senior Managing Director, Originations. The sponsor, a Midwest-based operator with a portfolio of over 40 seniors housing and healthcare properties and a... Read More »
The Yankees are coming

The Yankees are coming

by | Nov 18, 2016 8:30 am | Acquisitions

Winchester, Virginia was the most fought-over town during the American Civil War, changing hands between the North and South as many as 72 times. Now, in a bloodless affair, a 75-unit assisted living community in town has a new owner (New York City-based Care Investment Trust), to the tune of $9.38 million, or $125,067 per unit, with a 7.4% cap rate. The community has undergone expansions since opening in 1990, including a 35-unit addition in 2008, and today includes 73 AL units and two independent living cottages. Both occupancy and the operating margin can be improved, with both standing at 83% and 22%, respectively. Also, monthly rates, ranging from $2,500 to $2,900 for semi-privates,... Read More »
Insured success

Insured success

by | Nov 9, 2016 8:30 am | Acquisitions

Fortegra Financial Corporation, an affiliate of Tiptree Financial Inc., is a specialized insurance and insurance services company that is dipping its toes in the seniors housing market. That is not to say Tiptree is a debutante to the industry, with its wholly owned subsidiary Care Investment Trust making five acquisitions for 17 properties since 2013. For Fortegra, the company is acquiring a 77-unit senior living community with independent/assisted living and memory care services in Baton Rouge, Louisiana. The stabilized property was owned by a regional operator which is exiting the industry with this sale. Fortegra is paying $11.5 million, or $149,351 per unit, for the community and is... Read More »

Keeping the pace

by | Feb 3, 2016 8:30 am | Acquisitions, Financings

Aron Will of CBRE had yet another prolific month (after an already busy 2015), closing four transactions. Included in his totals were two acquisition financings (for the MorningStar Senior Living Colorado portfolio and Capitol Seniors Housing’s Seattle-area acquisition) already detailed in previous weeks. Mr. Will also recently arranged a $32.3 million 10-year Fannie Mae loan, with a fixed interest rate and 54 months of interest-only. The borrower, Westmont Living, will use the funds to refinance its 138-unit independent/assisted living community in Chico, California. Already with a 94% occupancy rate at the community, Westmont may look to convert a number of units to memory care in order... Read More »

The Hollinger Group exits the seniors housing market

by | Apr 8, 2015 7:57 pm | Acquisitions

Last month, we wrote about Care Investment Trust’s purchase of the Hollinger South Portfolio, which included five properties in South Carolina (4) and Florida (1) and sold for $29.1 million, or $103,000 per unit. This month, the remaining senior living properties owned by The Hollinger Group, dubbed The Hollinger North Portfolio, were sold to Care Investment Trust, a subsidiary of Tiptree Financial, Inc., for $54.48 million, or about $181,000 per unit, with a 7.5% cap rate. The communities, which consisted of 299 units of assisted living and memory care units, were located in Maryland (3), New Jersey (1), Pennsylvania (1) and Virginia (1). Average occupancy was around 94% and the... Read More »