• 60 Seconds with Swett: M&A Activity Tops 350 Deals in H1:25

    by | Jul 1, 2025 3:47 pm | 60 Seconds

    In the second quarter of 2025, there were 176 publicly announced transactions, a preliminary number that is almost certain to increase in the weeks ahead. That brings our total for the first half of the year to 355 deals, or 710 on an annualized basis. Considering we finished 2024 with 716 total deals, which was a record by far, we are in a good... Read More »

  • Bloom Exits South Carolina’s Seniors Housing Market

    by | Jul 1, 2025 3:46 pm | Acquisitions, Financings

    Kandu Capital, LLC, and its operating company, Bloom Senior Living, collectively known as Bloom, sold its final seniors housing community in South Carolina. The company is seeking realignment as it exits the state after a decade-long presence in the region. The 129-unit independent living and memory care community, which is in Bluffton, sold for... Read More »

  • Improving Ohio SNF Sees Strong Price

    by | Jul 1, 2025 3:44 pm | Acquisitions

    Ryan Saul of Senior Living Investment Brokerage secured a strong price for a skilled nursing facility in Cincinnati, Ohio. Built in 1965, the facility was originally licensed for 199 beds, but the decision was made to strategically reduce the beds to 167 to save on provider tax and improve the Medicaid rate.  The facility struggled for many... Read More »

  • Stacked Stone Ventures Makes Major SNF Acquisition

    by | Jul 1, 2025 3:43 pm | Acquisitions

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, has made a major acquisition in the skilled nursing sector, acquiring nine skilled nursing facilities for approximately $33 million, or $66,000 per bed, at a 13% cap rate. Stacked Stone bought the portfolio in a joint venture with Praxis Capital from a large... Read More »

  • Tremper Capital Group Announces Two Refinances

    by | Jul 1, 2025 3:42 pm | Financings

    Tremper Capital Group announced a couple of refinances at the end of the second quarter for seniors housing clients. The first was arranged on behalf of Kisco Senior Living for its 333-unit entrance-fee CCRC in Palm Beach Gardens, Florida. Built in 2004, the campus was acquired by Kisco as part of a larger CCRC deal in 2013, and since then it... Read More »

Leaving the Lone Star State

by | Aug 23, 2016 7:10 pm | Developments

Civitas Senior Living is expanding its operations outside of Texas for the first time, as it is set to break ground on a senior living community in Louisville, Kentucky. Civitas has been one of the more active developers/acquirers in Texas (and that’s saying something). In 2015 alone, the company opened five new assisted living/memory care communities, and, after forming a new post-acute care division, also acquired two skilled nursing facilities plus an assisted living community in the town of Jefferson, Texas. Then, at the beginning of 2016, Civitas purchased two former Brookdale Senior Living properties in Harlingen, and currently has four communities set to open soon in Texas. After... Read More »
Civitas firing on all cylinders

Civitas firing on all cylinders

by | Feb 4, 2016 8:34 pm | Acquisitions, Developments

A seniors housing developer active in Texas, after already opening five assisted living/memory care communities in the state last year, with three more currently under construction, is jumping back into the acquisition market to grow its portfolio. Civitas Senior Living purchased two former Brookdale Senior Living communities (with 58 independent living, 65 assisted living and 36 memory care units) in Harlingen, Texas (Brownsville MSA) for an undisclosed price. Civitas will take over operations and commence renovations to the common areas early this year. This is not the first acquisition for the fast-growing developer, however, which last September announced a new post-acute care... Read More »

Opportunistic Texas developers growing in-state and out

by | Jan 8, 2015 7:59 pm | Developments

Civitas Senior Living is flexible when it comes to its growth. With the right deal and the right partner, the company develops assisted living/memory care communities with the intent of owning and operating them outright, co-owning with a development partner or being brought in as a third-party manager with a smaller ownership stake. They’ll build independent living where it’s needed too. With three properties open, and two of them stabilized in Winnsboro (East Texas) and Mesquite (Dallas MSA) with 94% occupancy, Civitas has five communities under construction, with two set to open in March 2015 in Midlothian (North Texas) and Austin, two in June 2015 in Flower Mound and Allen (both Dallas... Read More »