• More Shareholder Activism

    by | Apr 22, 2024 9:04 am | Opinion

    Fresh from its success in getting two people voted onto the Ventas Board of Directors, Land & Buildings is at it again, this time with National Health Investors. Like all the REITs, NHI’s managers and tenants had their share of problems during the pandemic. Who didn’t? Most of these issues are behind it, but the REIT could be in even stronger... Read More »

  • Active Adult Expansion A Hit With Investors

    by | Apr 22, 2024 9:02 am | Developments

    How often have we heard that new development is dead? Or that CCRCs (LPCs) are on their way out? Too often. But how often do you hear about an Active Adult expansion on a CCRC campus, and one with entrance fees? Not often enough. That didn’t stop Three Pillars Senior Living Communities and Cain Brothers from putting together a plan that may... Read More »

  • Quarterly Investor Call #1

    by | Apr 19, 2024 5:31 pm | Opinion

    Skip the in-person conference, and get the latest senior care M&A and valuations data, market analysis and case studies on notable deals by watching The SeniorCare Investor’s first ever Quarterly Investor Call. Read More »

  • Pacifica Companies Acquires National Portfolio

    by | Apr 19, 2024 3:20 pm | Acquisitions

    Pacifica Companies, LLC, a privately owned real estate private equity firm based in San Diego, California, acquired the majority of the not-for-profit Retirement Housing Foundations’ market-rate seniors housing and skilled nursing assets. Ziegler served as exclusive sell-side advisor to RHF on the transaction, which closed in phases... Read More »

  • Owner/Operator Chooses Refinance Over Sale

    by | Apr 19, 2024 3:19 pm | Financings

    A national owner/operator faced with an underperforming seniors housing property in Missouri and maturing debt on the property secured a refinance thanks to JD Stettin of Carnegie Capital. The borrower, which has over 30 properties in its portfolio, acquired the 45-unit assisted living community in late 2017.  Occupancy and cash flow... Read More »
Creativcap Closes Two Transactions

Creativcap Closes Two Transactions

by | Jan 19, 2021 4:32 pm | Financings

Scott Kavel of Creativcap announced a couple of financings that showed off the company’s range of services. First, Creativcap provided a $6.0 million mezzanine loan to support the construction of an assisted living/memory care community in Southern California. This was the fourth mezzanine loan closed for the regional developer client, all totaling nearly $35 million.   The project in question will feature 153 total units, split between 99 assisted living and 54 memory care units on a 6.4-acre campus. Included on site will be a standalone marketing building with four model units, which should facilitate tours to potential residents without entering the main... Read More »
Creativcap Continues Inaugural Year with Several More Closings

Creativcap Continues Inaugural Year with Several More Closings

by | Nov 12, 2019 4:30 pm | Acquisitions, Financings

Still under a year after its launch, Creativcap has announced three more transactions, with a couple of other closings in the pipeline. First up on the brokerage side, Creativcap Advisory acted as co-broker on a $30 million sale of two senior living communities in the eastern Atlanta market. Built in the 1990s, the communities total 328 units, split among 156 independent living, 140 assisted living and 32 memory care. Combined occupancy was around 80%. A national operator had been managing the communities on behalf of the previous owner, a large private equity, alternative asset management and financial services firm based in New York City, but the Georgia-based buyer is bringing in its... Read More »
Creativcap Shows Off Its Variety

Creativcap Shows Off Its Variety

by | Jun 26, 2019 7:00 am | Financings

Shortly after its founding earlier this year by Greystone-alum Scott Kavel, Creativcap showed off some impressive variety in its three latest transactions, helping close a life company loan, a mezzanine loan and bridge financing. First, Creativcap was the exclusive correspondent for a $6 million mezzanine loan that is funding the construction of an 87-unit assisted living/memory care community in Roseville, California. GG Finance, an entity affiliated with Creativcap, provided the loan. Then, to Elgin, Illinois, where the owner of a three-year old AL/MC community refinanced an existing bridge loan from a bank with a new $20 million, fixed-rate loan provided by a life insurance company.... Read More »
CREATIVCAP Closes First Loan

CREATIVCAP Closes First Loan

by | Feb 27, 2019 7:00 am | Developments, Financings

Scott Kavel of Greystone fame has set up his own lending shop at CREATIVCAP, and less than two months since forming the business, he has already closed his first transaction. On behalf of Vista Pointe, an Oregon-based senior living operator, Mr. Kavel arranged $8 million in financing from a life company that featured a seven-year term and an all-in fixed interest rate under 5%. With the financing, Vista Pointe will be able to enter the Washington State market with a to-be-built, 56-unit senior living community, expected to open in early 2020. CREATIVCAP’s correspondent, GG Finance, also made a small equity investment in the project, adding to its portfolio of equity and mezzanine... Read More »