• Incumbent Operator Secures Two Acquisition Financings

    Jay Healy and Director Andrew Lanzaro of Berkadia utilized the company’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth-based skilled nursing owner/operator. The intent is to close the two subsequent HUD 232/223(f) refinancings in the second half of 2026. The loans facilitated the acquisition of three Texas... Read More »
  • MONTICELLOAM’s 2025 Activity

    MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working... Read More »
  • CBRE’s Active 2025 and Q1:26 Projections

    CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The... Read More »
  • Underperforming AL/MC Assets Sell in Michigan

    A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate... Read More »
  • Global Real Estate Investor Enters Seniors Housing

    Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common... Read More »
NHI Expands Comfort Care Partnership

NHI Expands Comfort Care Partnership

National Health Investors expanded its relationship with Comfort Care Senior Living, adding another Michigan assisted living community to its existing portfolio with the operator. The collaboration began in 2018 when NHI acquired two assisted living communities in Bridgeport and Saginaw, Michigan for $17.1 million, or $164,400 per unit. Those properties, both built within the last five years, were then leased to Comfort Care at an average yield of 8.1% with CPI-based escalators. Now, NHI is acquiring a brand-new, 73-unit assisted living/memory care community in the town of Brighton at a price of $13.5 million, or $184,900 per unit. Comfort Care is assuming operations under a 10-year lease... Read More »
NHI Expands Comfort Care Partnership

National Health Investors Invests in Michigan

National Health Investors entered into a new relationship in Michigan, after acquiring a pair of assisted living communities from, and leasing them back to, affiliates of Comfort Care Senior Living. The targets were built in the last five years around Saginaw, Michigan, and include a 51-unit assisted living/memory care community in Bridgeport and a 53-unit AL/MC community in Thomas Township. National Health Investors bought the properties for $17.1 million, or about $164,400 per unit, with a cap rate just below 9% based on estimated EBITDA, and leased them to Comfort Care at an average yield of 8.1% with CPI-based escalators. NHI also obtained a purchase option on two additional... Read More »