• The Saga of Genesis HealthCare Continues

    by | Jan 22, 2026 1:55 pm | Acquisitions

    Genesis HealthCare was once one of the largest and most successful skilled nursing companies. But it grew too quickly, made some bad investments over the years (did we mention the billion-dollar merger with The MultiCare Companies?), and it always played the leverage game, whether with leases or debt, and usually both. Last summer, it filed for... Read More »

  • Blue Moon/StepStone Finalize Large Recapitalization

    by | Jan 22, 2026 1:51 pm | Acquisitions, Financings

    Blue Moon Capital Partners completed a large recapitalization of five seniors housing communities that it developed over the years and were the last remaining assets within its fund, Blue Moon Senior Housing I. CBRE National Senior Housing acted as transaction advisor in the recap and arranged acquisition financing for the deal. StepStone Real... Read More »

  • Evans Closes Another High-Priced SNF Sale in NV

    by | Jan 22, 2026 1:49 pm | Acquisitions

    Just a month after selling a skilled nursing facility in Nevada for the highest per-bed value ever seen in the state, Evans Senior Investments returned to sell another facility in the Las Vegas MSA for the second-highest per-bed price. That is some momentum. Little was disclosed on the deal, but the facility was sold to a regional owner/operator... Read More »

  • Seniors Housing Communities Secure Refinances

    by | Jan 22, 2026 1:47 pm | Financings

    Berkadia recently refinanced Allegro Parkland, an independent living, assisted living and memory care community in Parkland, Florida. A joint venture between Harrison Street Asset Management and Allegro Senior Living was the borrower. The community opened in March 2020 (perhaps not the best timing) and features 61 independent living, 88 assisted... Read More »

  • PACS Group Expands in Four States

    by | Jan 22, 2026 1:45 pm | Acquisitions

    After Senior Living Investment Brokerage announced the sale of three assets in Soldotna and Kenai, Alaska, and Caldwell, Idaho, PACS Group announced its addition of three seniors housing communities in the same locations. The Utah-based provider purchased the real estate and operations of the Alaska properties, and closed on a lease option for... Read More »
Greystone Centers In On New York Refinances

Greystone Centers In On New York Refinances

by | Nov 30, 2018 7:00 am | Financings

Working on behalf of skilled nursing operator Centers Health Care, Fred Levine of Greystone arranged over $100 million in HUD financing to refinance a couple of their New York SNFs. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Built in 1974, the 475-bed facility in the Bronx was formerly owned by the Daughters of Jacob Nursing Home Company. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. Now that the facility is fully stabilized with a 96% occupancy rate, Greystone provided a $71.78 million loan, or $151,000 per bed, with a 35-year term, to both refinance... Read More »
A Popular deal

A Popular deal

by | Jun 7, 2016 6:46 pm | Acquisitions, Financings

Popular Community Bank, a subsidiary of Popular, Inc., closed a three-for-one financing for a Staten Island skilled nursing facility. The 372-bed facility includes a fully occupied 72-bed neuro-behavioral unit that is one of two in downstate New York. The operator, Centers Healthcare, acquired the then-300-bed facility in 2012 for $34 million, or $113,333 per bed, from St. Vincent Medical Center when the hospital was going through financial difficulties. Centers plans to add another 72 beds to its neuro-behavioral unit, for which Popular secured a $9 million leasehold improvement line of credit. In addition, the bank provided a $32 million mortgage to replace the facility’s existing... Read More »