• ALP Owner/Operator Expands in Upstate New York

    by | Aug 22, 2025 2:43 pm | Acquisitions

    Dave Balow of Senior Living Investment Brokerage facilitated the sale of an assisted living program community in the Albany, New York MSA, on behalf of a private owner. Built in 1985, Danforth Adult Care Center is in Hoosick Falls and features 57 units with 80 beds, including 42 licensed as ALP. The community sits on 2.49 acres with 29,112 square... Read More »

  • Ikaria Capital Group Completes First HUD Transaction

    by | Aug 22, 2025 2:42 pm | Financings

    Since launching in February, Ikaria Capital Group, whose team brings more than 100 years of collective experience in financing, structuring, underwriting, servicing, and asset-managing bridge and FHA/HUD loans, has already completed its first HUD transaction. The $16.5 million closing was executed on behalf of a private investment firm.  The... Read More »

  • North Carolina Skilled Nursing Portfolio Secures Financing

    by | Aug 22, 2025 8:01 am | Acquisitions, Financings

    MONTICELLOAM announced the initial funding of $152 million in total bridge and working capital financing for the acquisition of nine skilled nursing facilities with nearly 1,100 beds across North Carolina. The debt carries a 36-month initial term with two extension options. The sponsor, a returning healthcare client with operating experience in... Read More »

  • Regional Healthcare Operator Lands HUD Acquisition Financing

    by | Aug 22, 2025 8:00 am | Acquisitions, Financings

    Helios Healthcare Advisors arranged acquisition financing for a 124-bed skilled nursing facility with a strong quality mix in Pasadena, Texas, on behalf of a regional healthcare operator that had been leasing the property from a third-party landlord. The financing package was $12.9 million, or $104,000 per bed.  Leveraging the facility’s... Read More »

  • In Memoriam: Doug Korey

    by | Aug 21, 2025 3:25 pm | Uncategorized

    We just heard the unfortunate news that our friend and colleague Doug Korey passed away last week. He had been battling cancer for a while but always put a brave face on his journey. We have known Doug since he got into the senior care industry more than 25 years ago. We served on panels with him and had many off-the-record conversations about... Read More »
Eclipse Senior Living Transitions More Properties

Eclipse Senior Living Transitions More Properties

by | Nov 5, 2021 9:24 am | Acquisitions

Eclipse Senior Living has transitioned more of its properties to other operators. A Discovery Senior Living and Ventas joint venture first announced the rebranding of 19 former Elmcroft Senior Living communities, which have been reallocated across Discovery’s national and regional brand companies. Many of these communities, which span multiple states, have transitioned from Eclipse’s Elmcroft brand to Discovery’s TerraBella brand, while Ventas will continue to own the properties.  The deal results in the TerraBella’s transformation into a regionally-focus, wholly-owned subsidiary management group for Discovery, while giving rise to two new regional brands entitled SummerHouse and... Read More »
Eclipse Senior Living Is Closing

Eclipse Senior Living Is Closing

by | Oct 6, 2021 9:55 am | Acquisitions

Eclipse Senior Living will soon be no more, as the company, which was founded in 2017, stated that it plans to permanently shut down its operation, effective (if it goes according to plan) by the end of the first quarter of 2022. Ventas owns a 34% stake in the company and announced that it plans to transition the operations of its 90 communities managed by Eclipse to other providers. In perhaps another way of saying “good riddance,” the REIT stated that the communities “were not contributors to [Ventas’] overall NOI or its SHOP NOI in the second quarter 2021.” Ventas expects to incur certain one-time transition costs as it moves the communities to eight new operators.  This will end... Read More »
Justin Hutchens Moves to Ventas

Justin Hutchens Moves to Ventas

by | Feb 20, 2020 4:48 pm | Opinion

After several years of living across the pond, Justin Hutchens has decided to return home. Following a successful stint as CEO of HC-One, the UK’s largest senior care provider with more than 300 facilities, Hutchens will be moving to Chicago to be EVP, Senior Housing, North America at Ventas. We have known Justin for almost his entire career in senior living, and not only like him, but have a lot of respect for what he has accomplished. However (isn’t there always a however?), this will be the second CEO position he has left (National Health Investors was the other), and our gut tells us there must be something else because he will be one of four EVPs at Ventas.  Yes,... Read More »
Elmcroft Senior Living Portfolio Completes Transition

Elmcroft Senior Living Portfolio Completes Transition

by | Jan 24, 2018 7:02 am | 60 Seconds, Opinion

Ventas has officially transitioned management of its Elmcroft portfolio to newly-formed Eclipse Senior Living. It is now official. The operations of the Elmcroft Senior Living portfolio of 76 properties, with the real estate owned by Ventas, has officially been transferred to Kai Hsiao’s new company, Eclipse Senior Living. Ventas has acquitted a 34% interest in Eclipse, with the remaining 64% being held by Eclipse management, which now includes Shamim Wu, Kai’s former colleague at Holiday Retirement Corporation. She recently did a 10-month stint as president and COO of Silverado. This will be an interesting test, since the Elmcroft portfolio was obviously having some financial problems... Read More »