• Ventas Posts Healthy Q3 With Robust Acquisition Activity

    Among the earnings results trickling out this month, it will be impossible to overshadow Welltower’s announcement with $14 billion in new investment activity and another great quarter of seniors housing operating portfolio (SHOP) performance improvements. But Ventas reported healthy results, too, and some significant acquisition volume.  Ventas... Read More »
  • Senior Care Campus Components Sell to Separate Buyers

    Senwell Senior Investment Advisors facilitated two separate transactions involving the assisted living and skilled nursing components of a senior care campus in Mansfield, Ohio. The seller, a local not-for-profit, faced significant operational and financial challenges, prompting an urgent need for a transition. Senwell was engaged to identify... Read More »
  • Skilled Nursing Portfolio Secures Funds

    MONTICELLOAM, LLC announced that the firm, along with firm affiliates, funded $48.10 million in combined bridge and working capital funding for a three-facility skilled nursing portfolio in North Carolina. The transaction included a $45.6 million bridge financing and a $2.5 million working capital line of credit. The borrower, a returning client,... Read More »
  • Autumn Lake Healthcare Acquires Maryland SNFs

    First Citizens Bank’s Healthcare Finance business provided $338 million in financing to affiliates of Autumn Lake Healthcare for the acquisition of 12 Maryland skilled nursing facilities with over 1,500 beds. Based in Howell, New Jersey, Autumn Lake Healthcare’s portfolio includes 66 skilled nursing facilities totaling more than 8,200 beds... Read More »
  • Central Florida Portfolio Secures Financing

    Grace Hill Capital, a seniors housing capital advisory firm founded by Adam Shealy, closed a refinance and recapitalization of a four-community independent living, assisted living and memory care portfolio in Central Florida. The portfolio comprises five buildings totaling 257 units, operated by a regional provider with a proven record of... Read More »
Chicago Pacific Founders Adds to Southeast Portfolio

Chicago Pacific Founders Adds to Southeast Portfolio

Chicago Pacific Founders has added to its portfolio with the acquisition of a 100-unit assisted living/memory care community in Oxford, Mississippi. Cardinal Ventures, Inc. developed the community in 2015 to feature 66 AL and 34 MC units across 85,000 square feet. Blake Management Group had also operated it from the start.   However, Chicago Pacific Founders’ subsidiary Grace Management will take over operations and oversee a name change from The Blake at Oxford to The Magnolia at Oxford Commons. Plus, the new ownership team will invest in capital improvements. No purchase price was disclosed.  Read More »
Chicago Pacific Founders Acquires Texas Community

Chicago Pacific Founders Acquires Texas Community

Chicago Pacific Founders has added another Texas community to its portfolio, its first acquisition in the Lone Star State since announcing two separate deals in 2019. Opened in September 2019, this Houston community features 85,400 square feet and 100 units of assisted living and memory care.   Meridian Realty Advisors developed it, with Integral Senior Living coming in as operator. However, Chicago Pacific Founders’ subsidiary Grace Management will operate the community going forward. Additional terms of the deal were not disclosed, but Chicago Pacific will invest in capital improvements at the property.  Read More »
Blueprint Capital Markets Closes First Transaction

Blueprint Capital Markets Closes First Transaction

Blueprint Healthcare Real Estate Advisors’ Capital Markets Group, which is led by Alex Florea, has the first closing under its belt, as it was revealed the group secured acquisition financing for Chicago Pacific Founders’ purchase of an assisted living/memory care community in Tucson, Arizona. In addition, Blueprint’s Amy Sitzman, Jacob Gehl and Humair Sabir represented the developer and owner in the transaction.  Opened in May 2018 and about 90% occupied by the time of the sale, the community features 87 assisted living and 20 memory care units. Willis Development, in partnership with Dekel Capital which provided $8.4 million of equity, developed the community, and Milestone Retirement... Read More »
Chicago Pacific Founders Announces Arizona Acquisition

Chicago Pacific Founders Announces Arizona Acquisition

After three straight acquisitions in Florida, Chicago Pacific Founders has added another Sunbelt property to its portfolio, this time in Arizona. The Tucson community features 107 units of assisted living and memory care and a host of amenities, including a movie theater, bistro, sunrooms, sports lounge, hydro massage therapy, putting green, resident garden and dog park, to name just a few. It also boasts views overlooking the Catalina Mountains.   Willis Development, in partnership with Dekel Capital, opened the community in mid-2018. Dekel Strategic Investors provided $8.4 million in equity and East West Bank provided a $17 million... Read More »
Chicago Pacific Founders Acquires Fort Myers Community

Chicago Pacific Founders Acquires Fort Myers Community

Chicago Pacific Founders acquired a 136-unit senior living community in Fort Myers, Florida, with its subsidiary Grace Management taking over operations. Featuring 136 units of independent living, the property is located in the Cypress Lake community near shopping areas, restaurants, medical facilities and indoor/outdoor recreation. On campus, there are also a host of resort-style amenities. Occupancy was around 90% before the pandemic, which brought it down to 85%. ValStone Partners acquired it in December 2015 for $9.45 million, or $69,500 per unit, and initiated a major $9.6 million renovation/conversion project. The current purchase price is not disclosed,... Read More »