• Public REIT Lands Portfolio in Competitive Sale

    A portfolio of Class-A seniors housing communities sold in the Southeast to an undisclosed publicly traded REIT. Featuring six assets in Georgia and South Carolina, the portfolio totaled 156 independent living, 200 assisted living and 70 memory care units. The communities were built between 2017 and 2022 by a Southeast-based developer. Occupancy... Read More »
  • Regional Owner/Operator Acquires Ocala AL Community

    The third and final asset in the Hampton Manor portfolio has sold with the help of Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage. Hampton Manor Deerwood in Ocala, Florida, was built in 2005 and expanded in 2016 to now feature 61 units of assisted living. The property is stabilized, so the new owner can hit the ground... Read More »
  • Second Generation Operator Divests SNF Portfolio to PE Firm

    A Northeast-based private equity firm engaged Daniel Morris of Plains Commercial Real Estate in its plan to enter a new state. The firm has an existing skilled nursing footprint, and had specific acquisition criteria, which narrowed the focus down to a few potential targets.  The company ultimately acquired a five-facility, 506-bed skilled... Read More »
  • CIBC Springs Ahead with Deal Flow

    CIBC has been hard at work this Spring, successfully closing several acquisition financings for senior care clients across the country. The largest was a $51.5 million term loan that supported the purchase of four skilled nursing facilities in Illinois totaling 586 beds. Historical performance trended positively over the last two years across the... Read More »
  • National Healthcare Properties Kicks Off IPO Push

    National Healthcare Properties, Inc. launched its public offering of 38.5 million shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the SEC. The initial public offering price is expected to be between $13.00 and $16.00 per share, and the company expects to grant the underwriters a 30-day option to... Read More »
Dekel Capital Funds Latest California Construction Project

Dekel Capital Funds Latest California Construction Project

Who says construction is slowing down? It may very well be, but we keep seeing an active market for construction loans. Dekel Capital arranged one of those totaling $38.7 million for a to-be-built assisted living/memory care community in Glendale, California. East West Bank originated the four-year loan, which came with 36 months of interest-only payments, at 65% loan-to-cost for the developer, Willis Development. Dekel, through its proprietary equity fund Dekel Strategic Investors, also provided $20.7 million in JV equity for the development. Read More »
Dekel Capital Refinances New Development

Dekel Capital Refinances New Development

As a newly developed assisted living/memory care community in Fresno, California, continues its march towards stabilization, its owners refinanced the existing construction loan with the help of Dekel Capital. The Los Angeles-based real estate merchant bank placed a $14.1 million bridge loan, with a 25-month interest-only term, at approximately 65% loan-to-value to provide funding through the lease-up of the remaining units. Mountain Capital Partners and Willis Development opened the community in 2016 with 83 assisted living and 24 memory care units. Read More »