• Greystone Closes Large CLO

    by | Oct 17, 2025 2:24 pm | Financings

    Greystone closed a large collateralized loan obligation (CLO) composed solely of healthcare assets. Greystone CRE Notes 2025-HC4, LLC is a $451.6 million commercial real estate CLO backed exclusively by bridge loans provided by Greystone. The transaction marks the firm’s eighth overall CRE CLO and the industry’s fourth-ever CRE CLO composed... Read More »

  • Fortress Investment Group Divests Arizona Asset

    by | Oct 17, 2025 2:23 pm | Acquisitions

    JLL Capital Markets has closed the sale of Inspira Arrowhead, a 165-unit seniors housing community in Glendale, Arizona. The community was under the ownership of Fortress Investment Group funds for just 18 months, but in that time occupancy rose from 89% to 94% and NOI improved by 35%. Fortress bought the asset in April 2024 in a joint venture... Read More »

  • Stacked Stone Makes Another Acquisition

    by | Oct 16, 2025 4:51 pm | Acquisitions

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, followed up on its October acquisition in Oklahoma with the purchase of two assisted living/memory care communities in Illinois, near the St. Louis MSA. Similar to the Oklahoma deal, Stacked Stone has made Illinois acquisition in a joint venture with the private equity... Read More »

  • Blueprint Handles Large SNF Deal in Pennsylvania

    by | Oct 16, 2025 4:50 pm | Acquisitions

    Not-for-profit to for-profit are not easy, and it took a two-year process for Blueprint to successfully close the sale of a 250-bed skilled nursing facility in Philadelphia, Pennsylvania. The property appears to be Cheltenham Nursing & Rehabilitation, one of three skilled nursing facilities owned by Dublin, Ohio-American Health Foundation... Read More »

  • JDI Realty Buys Alpharetta Asset

    by | Oct 16, 2025 4:48 pm | Acquisitions

    A partnership recently acquired Chapters Living of Alpharetta, a 79-unit assisted living/memory care community in Alpharetta, Georgia (Atlanta, MSA). Built in 2013, the high-quality community was previously known as Addington Place of Alpharetta. JDI Realty, in partnership with Purity Strategies and Chapters Senior Living, bought the community... Read More »
Pardoll Closes Slew of Southeast Sales

Pardoll Closes Slew of Southeast Sales

by | Aug 14, 2019 6:01 am | Acquisitions

Mike Pardoll of Marcus & Millichap has spent the last few months crisscrossing the Southeast, closing a number of seniors housing and skilled nursing transactions along the way. Starting in Dickson, Tennessee (Nashville MSA), he represented a private individual in selling their 70-bed skilled nursing facility to another private individual buyer. Leased by Mission Health (an affiliate of the private equity firm Windward Health Partners) as part of a 10-facility lease that includes other SNFs in Tennessee and Georgia, the facility was originally built in 1974. It was well occupied at 90% and produced around $930,000 in annualized 2018 EBITDA. The current lease is $31,000 per month, which... Read More »
Contemporary Closes Mezzanine Loan for Cascade Acquisition

Contemporary Closes Mezzanine Loan for Cascade Acquisition

by | Aug 9, 2019 6:00 am | Financings

The team at Contemporary Healthcare Capital closed a $5 million mezzanine loan to the affiliates of Citadel Care Centers and Cascade Capital Group for their acquisition of four skilled nursing facilities in Florida. The portfolio totals 460 licensed beds and has locations in Fernandina Beach, Haines City, Orange County and North Port. Contemporary closed the loan in conjunction with a senior loan and accounts receivable line provided by SunTrust Bank. The purchase price came to just over $106,000 per bed, and Mike Pardoll of Marcus & Millichap and Mark Myers (formerly with Marcus & Millichap) represented the seller. This announcement comes just a month after Cascade revealed that... Read More »
Cascade Capital Group Acquires 16 Former Skyline SNFs

Cascade Capital Group Acquires 16 Former Skyline SNFs

by | Jul 3, 2019 7:01 am | Acquisitions

The future is looking brighter for 16 South Dakota skilled nursing facilities formerly owned by Golden Living and operated by Skyline Healthcare, as Cascade Capital Group acquired the portfolio. The facilities had been operated by a receiver since last Spring, after Skyline infamously ran nearly empty on basic food and medical supplies for them. Houlihan Lokey Capital represented Golden Living in the transaction, which included more than 1,000 beds across the state from Rapid City to Sioux Falls. To fund the deal, Cascade secured financing through its long-standing lending partner, CIBC Bank USA. Cascade’s operating partner, Legacy Healthcare, will take over the operations; no easy task.... Read More »
Big Midwest Sale Gets Mezzanine Financing

Big Midwest Sale Gets Mezzanine Financing

by | Jun 14, 2019 2:30 pm | Financings

Contemporary Healthcare Capital (CHC) announced that it provided mezzanine financing for Cascade Capital Group’s large portfolio acquisition of Upper Midwest senior care facilities from last month. The portfolio sale included five skilled nursing facilities and two assisted living communities in Minnesota and South Dakota. Their outgoing operator was on the verge of bankruptcy, adding complexity to the transaction that was handled by Rob Reis of Marcus & Millichap. The Minnesota facilities were leased to Monarch Healthcare Management and the South Dakota facilities to Eduro Healthcare. CIBC had provided the senior acquisition loan, but CHC followed that up with a $4.22 mezzanine... Read More »
Cascade Capital Continues to Grow

Cascade Capital Continues to Grow

by | May 10, 2019 7:01 am | Acquisitions

Cascade Capital Group announced a few large transactions totaling 15 skilled nursing and assisted living facilities with more than 1,550 licensed beds for a combined purchase price of $130 million. In one of the transactions, Cascade purchased eight skilled nursing facilities in California that are being leased to The Ensign Group and The Providence Group, with the majority going to Ensign. Five have been transitioned and three more will be transitioned over the next few months. Sector Financial provided senior financing for the acquisition and Formation Lending Group provided the mezzanine debt. In the second transaction, Cascade acquired five skilled nursing facilities and two assisted... Read More »