• Locust Point Raises Large Credit Fund

    by | Jun 17, 2025 3:23 pm | Uncategorized

    Locust Point Capital announced the final close of its third seniors housing credit fund, and it topped the firm’s predecessor vehicle by 56%. That performance reflected strong interest from the firm’s existing limited partners, as well as from a group of new institutional investors.  Locust Point Private Credit Fund III totaled $668 million... Read More »

  • Minneapolis-Based Investor Acquires in Wisconsin

    by | Jun 17, 2025 3:20 pm | Acquisitions

    Bob Richards and Chad Wegner of Senior Care Realty facilitated the sale of a two-property seniors housing portfolio in Madison, Wisconsin, on behalf of a Dane County-based seller. The portfolio included two newer-vintage assisted living/memory care communities, comprising 66 units and 72 beds, operating under an all-private-pay model.  At... Read More »

  • Publicly Traded Healthcare REIT Grows in South Carolina

    by | Jun 17, 2025 3:19 pm | Acquisitions

    An institutional private equity seller engaged Blueprint in its sale of a senior care community in Greenville, South Carolina. The Gables comprises a three-story assisted living and memory care building and an adjoining skilled nursing component with private pay and Medicare occupants. The community was experiencing a strong recovery and was... Read More »

  • Regional Bank Funds Illinois SNF Deal

    by | Jun 17, 2025 3:18 pm | Financings

    Jeremy Warren of Montgomery Intermediary Group had to utilize some creativity to close an acquisition loan for a skilled nursing facility in southern Illinois. Owned by a highly motivated seller, the 50+ year old facility features 112 beds. That seller was unable to provide official financial statements for the facility, making finding a lender... Read More »

  • 60 Seconds with Swett: HUD’s Express Lane and M&A

    by | Jun 17, 2025 2:22 pm | 60 Seconds

    We’re not used to sensible reforms coming out of Washington, D.C., but HUD has just come out with a new “Express Lane” for the Section 232 Residential Care Facilities program. Obviously, we don’t want any facilities or borrowers that shouldn’t receive a loan to slip through the cracks, not that you can always predict a future disaster. But so... Read More »
Joint Venture Building Assisted Living In Bakersfield

Joint Venture Building Assisted Living In Bakersfield

by | Feb 28, 2018 7:00 am | Developments, Financings

Two companies are joining forces to build a brand-new assisted living/memory care community in Bakersfield, California, with the help of Aaron Rosenzweig, Jay Wagner, Sam Dylag and Alex Petrosian of Cushman & Wakefield. Situated on three and a half acres next to a newly constructed skilled nursing/sub-acute care facility, the to-be-built community will feature 44 assisted living and 24 memory care units on one story. It is the third ground-up development between the joint venture between real estate developer Blue Mountain Enterprises and California-focused operator Pragma Management. To fund it, the Cushman & Wakefield team arranged an $11.55 million construction loan, funded by... Read More »
Clearwater Living Develops In Familiar Territory

Clearwater Living Develops In Familiar Territory

by | Jan 30, 2018 11:58 am | Developments, Financings

Cushman & Wakefield Capital Markets Group arranged $20.6 million in construction financing on behalf of Clearwater Living to build a 90-unit/104-bed assisted living/memory care community in Rohnert Park, California. PNC Bank provided the financing, which was arranged by C&W’s Richard Swartz, Aaron Rosenzweig, Timothy Hosmer and Alex Petrosian. The new community will feature amenities including a community pub, display kitchen, outdoor dining, theater and dog park, and is located next to a 207-unit 55+ community that was developed by Clearwater Living’s CEO, Tony Ferraro, back in the early 2000s. Clearwater clearly knew the area well. Read More »
LCB Senior Living Leaves New England For First Time

LCB Senior Living Leaves New England For First Time

by | Jan 11, 2018 3:22 pm | Developments

LCB Senior Living is venturing outside of New England for the first time with the help of a construction loan arranged by Cushman & Wakefield. The property in question, located in Chadds Ford, Pennsylvania (Philadelphia/Wilmington MSA), will have 84 units of independent living, assisted living and memory care services, and will be the Massachusetts-based operator’s 15th seniors housing development and the first south of Connecticut. LCB, and its institutional joint venture partner, expects to complete the project in the second quarter of 2019. To finance the project, Rick Swartz, Jay Wagner, Aaron Rosenzweig, Jim Dooley and Caryn Donahue of Cushman & Wakefield arranged a $20.5... Read More »
Cushman & Wakefield Sells For Capitol Seniors Housing

Cushman & Wakefield Sells For Capitol Seniors Housing

by | Dec 13, 2017 7:01 am | Acquisitions

Three and a half years after purchasing a 97-unit assisted living/memory care community in Silicon Valley (in the town of Fremont, to be more specific), Capitol Seniors Housing is exiting the asset, making a tidy return we imagine, thanks to Rick Swartz, Jay Wagner, Aaron Rosenzweig and Alex Petrosian of Cushman & Wakefield, who represented CSH in a competitive bidding process. Since acquiring the property from Westport Capital Partners in 2014 for $23.75 million, or about $244,800 per unit, CSH and its operating partner, MBK Senior Living, worked to improve the community’s occupancy, which sat at 81% in 2014, and margin, at just 19%. CSH invested upwards of $1.0 million to improve the... Read More »
Cushman & Wakefield Arranges $45 Million Recapitalization

Cushman & Wakefield Arranges $45 Million Recapitalization

by | Nov 17, 2017 7:00 am | Financings

Cushman & Wakefield successfully recapitalized a 90-unit senior living community in downtown Watertown, Massachusetts (Boston MSA) in a transaction totaling $45 million. Rick Swartz, Jay Wagner, Jim Dooley and Caryn Donahue represented joint venture owners Washington Capital Management and LCB Senior Living, which is also the operator of the property. Developed in 2014 at an in-fill location in the Greater Boston area, the community features independent living, assisted living and memory care services. In addition to the many walkable amenities in the neighborhood, there is also a café, exercise room, barber/beauty salon, restaurant-style dining and an outdoor dining patio. So, for... Read More »