• Joint Venture Acquires Four AL/MC Communities

    by | May 8, 2026 3:25 pm | Acquisitions

    Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care... Read More »

  • Another Publicly Traded REIT Joins the M&A Mix

    by | May 8, 2026 2:59 pm | Acquisitions

    Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool... Read More »

  • Distressed AL/MC Community Gets New Owner

    by | May 8, 2026 2:56 pm | Acquisitions

    Scott Frazier, Kory Buzin and Steve Thomes of Blueprint advised a special servicer in the seniors housing sector on the sale of Spanish Vines, a well-maintained assisted living/memory care community. It sits in a densely populated Pocket-Greenhaven neighborhood of southwest Sacramento, California. The 88-unit community was generating negative... Read More »

  • Underperforming Community Sells and Secures Financing

    by | May 8, 2026 2:52 pm | Acquisitions, Financings

    A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts,... Read More »

  • Standalone MC Communities Secure Acquisition Financing

    by | May 8, 2026 2:50 pm | Acquisitions, Financings

    Berkadia recently announced three financings on behalf of three different sponsors. In one of the closings, Steve Muth and Ed Williams arranged $25.8 million in acquisition financing for Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. The bridge financing was provided through Berkadia’s Proprietary Lending... Read More »

What’s new with Watercrest

by | Aug 2, 2016 9:14 pm | Developments, Financings

Watercrest Senior Living Group is unveiling its new concept in memory care, called Market Street Memory Care Residences, at a site currently under construction in Viera, Florida. The 47,000-square foot, 60-unit community is set to open in the fall of 2016, with two more 64-unit communities under the same concept opening in 2017 in Palm Coast and Tampa. The buildings are estimated to cost between $16 million and $17 million, or approximately $266,000 per unit, to develop. Financing has already been arranged for the Viera and Tampa properties, with EB-5 equity and commercial bank construction loans (Bank of Texas is providing the Viera one). As for Watercrest’s other projects, things are... Read More »

From fixing to building

by | Nov 20, 2015 8:32 am | Developments, Financings

A company with extensive experience in turning around struggling senior living communities is now developing its first property and is pulling together all manner of financing sources in its capital stack. Solutions Advisors, which got its start in 2010 advising senior living communities on management, marketing and sales strategies, has already broken ground on its flagship community in Hamilton, New Jersey. With 96 independent living, 75 assisted living and 24 memory care units, the community is expected to cost a total of $59 million, or about $302,600 per unit, to develop. In addition, 25 of the IL units can be converted to AL down the road, if the need presents itself. To operate the... Read More »

New EB-5 developer hits the ground running in California

by | Oct 16, 2015 8:32 am | Developments, Financings

Al Rattan, a real estate developer with over 30 years of experience building residential, commercial, industrial, office, health care and senior care properties, is jumping back into the seniors housing market with his company, Continental East Development (CED). Founded in 2009, CED has already developed a number of retail, office, and medical properties, but started to take a look at seniors housing in 2011. Having already developed and operated an independent/assisted living community in Anaheim Hills, California (before selling it at full occupancy), Mr. Rattan plans to utilize large amounts of EB-5 equity (up to 60% of the development cost) raised through his USA Continental Regional... Read More »