• Brookdale Boosts Short Term Stability

    by | Jan 9, 2026 3:21 pm | Financings

    Brookdale Senior Living completed a series of financing transactions totaling approximately $600 million that refinanced all of its remaining 2026 mortgage debt and maturities, around $350 million, and a portion of 2027 mortgage debt maturities, approximately $200 million. The company also secured more fixed-rate debt, helping to cut rate risk.... Read More »

  • Ikaria Announces $1 Billion in Q4 Volume

    by | Jan 9, 2026 3:19 pm | Financings

    Ikaria Capital Group closed out a successful 2025, announcing several significant transactions in the fourth quarter that exceeded $1 billion in volume. The activity comprises financings in the seniors housing, skilled nursing and behavioral health sectors across multiple states and borrowers.  The largest deal was a $595.5 million senior... Read More »

  • PE Group Enters Oklahoma after Medicaid Rate Bump

    by | Jan 9, 2026 3:16 pm | Acquisitions

    A skilled nursing facility in Oklahoma that recently benefited from the state’s Medicaid rate bump sold to a national private equity firm looking to enter the state. Built in 1967, Maplewood Care Center features 180 beds on over three acres in Tulsa. It is located close to several major hospitals and healthcare campuses, but occupancy was sitting... Read More »

  • Community Purchased through HUD Assumption

    by | Jan 9, 2026 3:15 pm | Acquisitions

    Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds,... Read More »

  • The Zett Group Rounds Out Q4

    by | Jan 9, 2026 3:13 pm | Acquisitions

    The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by... Read More »

High value in Seattle

by | Nov 11, 2015 8:31 am | Acquisitions

Capitol Seniors Housing saw potential in a well performing senior living community in Seattle, Washington, shelling out $26 million, or $218,500 per unit, for it. Built in 2006, the four-story, 119-unit building has mostly assisted living, with some independent living, as well as 20 memory care units. Also, with the owner both developing the property and running it himself, occupancy has historically been between 85% and 90%. However, there is room for improvement. Capitol Seniors Housing plans to invest up to $2.5 million on remodeling and upgrades and will hire Milestone Retirement Communities to operate. Plus, the buyer plans to convert the IL units to AL and memory care while also... Read More »

Constructing in Chicagoland

by | Oct 26, 2015 7:10 pm | Developments, Financings

Aron Will of CBRE National Senior Housing arranged a pair of construction loans on behalf of a joint venture between Pathway Senior Living and Virtus Real Estate Capital to build two senior living communities. First, the joint venture will build a $34.4 million community in Westmont, Illinois with 75 assisted living units and 34 memory care units to be financed with a $24.075 million loan. And second is a $26.2 million project with 120 assisted living units in Lake Zurich, Illinois funded by $18.313 million in construction financing. Both floating rate loans feature four-year terms with 36 months of interest only and were placed with a regional bank. Pathway will manage the two properties... Read More »

High-acuity community to be built

by | Oct 14, 2015 8:30 am | Developments, Financings

Aron Will, together with Jim Sellers and Tim Prouty, of CBRE arranged a $25.03 million construction loan for a joint venture between The Freshwater Group and Kayne-Anderson to build a 129-unit/135-bed senior care community in Tucson, Arizona. The loan, placed through a regional bank, featured a three-year floating rate term which then converts to a three-year mini-perm loan. Kayne-Anderson will provide institutional equity for the project, while Watermark Retirement Communities will operate the finished community, which will consist of five buildings with assisted living, memory care and skilled nursing services. For the assisted living, it will be fully licensed Directed Care, the highest... Read More »

CareTrust’s Ohio SNF portfolio deal closes

by | Oct 2, 2015 8:31 am | Acquisitions

We reported on CareTrust REIT’s acquisition of a particularly large (for them) SNF portfolio in Ohio that included 16 skilled nursing facilities, of which 14 would be owned and two would be leased, for $175 million. With the deal closing, that number has dropped to 15 SNFs (14 owned and one leased), which are selling for $173 million, or about $144,200 per bed, with a 13.3% cap rate. Occupancy across the portfolio averaged 83%, with an 18% quality mix. Dan Baker of CBRE brokered the transaction, which is the fifth largest skilled nursing deal, by price, seen so far in 2015. Read More »

Growth spurt

by | Sep 30, 2015 8:32 am | Acquisitions

Sabra Health Care REIT announced a pair of acquisitions, totaling almost $85 million. First the REIT purchased four senior living communities, with 214 total units, in the Pacific Northwest for $65 million, or $303,700 per unit. Three of the properties are located in Oregon and one in Washington, with a total of 122 assisted living units, 74 memory care units and 18 independent living units. Built between 1989 and 1995, with various renovations between 2003 and 2011, the portfolio averaged 96.4% occupancy in 2014 and operated at a 33% margin on $13.9 million of revenues, resulting in a 7.1% cap rate. Sabra leased the properties to Radiant Senior Living, with an initial term of 10 years and... Read More »