• Strawberry Fields REIT’s 2025 Growth

    Strawberry Fields REIT reported its 2025 operating results, noting that it was the best year since its inception more than 10 year ago. The company posted significant increases in FFO and AFFO, and it completed more than $110 million in several new acquisitions. Its portfolio now includes 131 skilled nursing facilities, 10 assisted living... Read More »
  • Owner/Operator Exits SNF Sector

    An independent owner/operator exited the skilled nursing sector through its divestment of Sunrise Country Manor, which has 80 beds in Milford, Nebraska, and features a mix of private and semi-private units. It maintained an 83% occupancy rate at the time of the sale. A regional operator looking to expand its footprint in Nebraska acquired the... Read More »
  • Assisted Living Providers Join Forces 

    Majestic Residences recently expanded its footprint, adding 17 assisted living communities and six in active development, through its acquisition of Avendelle Senior Living. Avendelle will be integrated into the Majestic Residences platform, with Avendelle’s corporate team retained. The combined organization will operate under the Majestic... Read More »
  • Investor Secures Financing and Acquires Class-A Community

    BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living.  BWE represented the seller, Hunt Midwest. The buyer was a... Read More »
  • Multiple SNFs Sell in Separate Transactions

    A large skilled nursing company sold its 181-bed skilled nursing facility to a private investment firm based in New York, exiting South Carolina in the process. The buyer had an existing skilled nursing footprint, and will be leasing this facility to a regional operator. The building was older, built in the 1980s, and was around 80% occupied at... Read More »
Dwight Capital Reports Active Q4

Dwight Capital Reports Active Q4

Dwight Capital closed $291.46 million in seniors housing and healthcare financings during the fourth quarter of 2021, including bridge loans for the Certus Portfolio, Solaris Portfolio, and Epic Portfolio. These transactions were funded through the firm’s commercial mortgage REIT, Dwight Mortgage Trust. Featured among Dwight’s Q4 closings are an $89 million bridge acquisition loan for a 1,352-bed portfolio of fifteen skilled nursing facilities located across Ohio. The borrower, Certus Healthcare Management, plans to invest in a capex plan to complete interior improvements across these properties. In the Southeast, Dwight has seen a lot of activity. They closed a $48.28 million bridge... Read More »
Dwight Capital Reports Active Third Quarter

Dwight Capital Reports Active Third Quarter

The capital markets certainly appear healthy again, and as such, Dwight Capital reported a very active third quarter with over $170 million in bridge and HUD loans for senior care properties. For the M&A comeback to really commence, lenders will need to be willing partners on those deals, and five of Dwight Capital’s recent closings went to fund acquisitions.  The largest was a $23.25 million loan for a 272-bed skilled nursing facility in Peckville, Pennsylvania. Bradley Clousing and Toby Siefert of Senior Living Investment Brokerage handled the sale, procuring 12 offers on the facility and closing the deal at the start of September. Built in 1974, the facility is licensed for 272... Read More »
Dwight Capital Reports Successful Second Quarter

Dwight Capital Reports Successful Second Quarter

Dwight Capital financed $234.15 million in seniors and healthcare financings during the second quarter.  Dwight first closed a $94.3 million HUD loan for The Village at Gainesville, a large (and we mean large) senior living community located in Gainesville, Florida. This also was the largest healthcare 232(a)(7) loan closed in HUD’s history to date, which we covered in May. Set on 104 acres, the gated community features a total of 651 beds, including a majority of independent living beds with around 140 beds of assisted living and memory care. Originally built in 1986 and acquired in 1990 by the current owner, SantaFe HealthCare, the community has undergone substantial renovations over the... Read More »
Dwight Capital Closes Largest HUD 232(a)(7) Loan in History

Dwight Capital Closes Largest HUD 232(a)(7) Loan in History

The team at Dwight Capital just closed the largest healthcare 232(a)(7) loan in HUD’s history to date for a large seniors housing community in Gainesville, Florida. Set on 104 acres, the gated community features a total of 651 beds, including a majority of independent living beds with around 140 beds of assisted living and memory care. Originally built in 1986 and acquired in 1990 by the current owner, SantaFe HealthCare, the community has undergone substantial renovations over the years. The long list of amenities also includes a tennis court, swimming pools and convenience store.   Josh Sasouness and Avi Lifshitz originated the transaction, which totaled $94.3 million... Read More »
Dwight Capital Refinances Twin Cities Community

Dwight Capital Refinances Twin Cities Community

Dwight Capital provided a HUD refinance for a senior living cooperative in Richfield, Minnesota, a Twin Cities suburb. Built in 2000, the community features 157 units in 12 stories and sits on a 1.7-acre site. Amenities include a library, fitness room, hair salon, community room, grocery store, individual storage space and exterior gardens.   Josh Sasouness of Dwight Capital originated the transaction on behalf of the undisclosed borrower, providing a $22.2 million, or $141,400 per unit, loan for the property. The debt replaces a previous HUD loan and extends the borrower’s term.  Read More »