• Berkadia Announces Array of Closings

    by | May 15, 2026 11:41 am | Acquisitions

    Berkadia is riding a transaction hot streak, closing 19 property sales in the last 45 days. The activity included a portfolio featuring five assisted living/memory care communities across Utah, Wisconsin and Minnesota sold to Jaybird Capital, an affiliate of Jaybird Senior Living, through HUD assumptions. Jaybird assumed management of the... Read More »

  • Tremper Capital Group Closes Several Financings

    by | May 15, 2026 11:40 am | Acquisitions, Developments, Financings

    Tremper Capital Group showed off its variety with a series of financings closed for clients across the country. They included a construction loan, an acquisition loan, a bank refinance and a portfolio financing. First, the team closed non-recourse construction financing for an assisted living/memory care community in the Dallas-Fort Worth area.... Read More »

  • Upstate New York SNF Trades Between Not-for-Profits

    by | May 15, 2026 11:39 am | Acquisitions

    Joe Knapp of the Knapp-Stahler Group at Marcus & Millichap handled the sale of a skilled nursing facility in upstate New York. The Center For Nursing And Rehab in Hoosick Falls, New York, comprises 82 beds in a single-story building that sits on four acres. It was built in 1954, but renovated in 1979 and 1995.  Apparently, the facility... Read More »

  • Acquisition Financing Closed for Distressed California Community

    by | May 15, 2026 11:37 am | Acquisitions, Financings

    Private debt fund and direct commercial real estate lender Wilshire Finance Partners closed an $8.15 million first lien bridge loan for the acquisition and repositioning of a distressed seniors housing community in California. The financing included reserves specifically allocated for capital improvements and operational support during the... Read More »

  • Developer and Operator Secure Construction Financing

    by | May 15, 2026 11:36 am | Developments, Financings

    Another new development will soon be underway, with BLDG Real Estate and The Fellowship Family securing financing for a $100 million full-continuum community, Fellowship Wildlight. BLDG Real Estate is a real estate development firm that specializes in design, development and asset execution across multiple product types. The Fellowship Family is... Read More »
Private Equity Firm Buys High-Medicaid Assisted Living Community

Private Equity Firm Buys High-Medicaid Assisted Living Community

by | Feb 21, 2018 7:01 am | Acquisitions

Despite having a nearly two-thirds Medicaid census, an assisted living community in Bellingham, Washington still maintained a healthy profit margin and sold to a California-based private equity firm. Built 40 years ago, the 66-unit community features mostly studio units, with 10 one-bedroom units, and was 93% occupied. Private pay residents only made up 30% of the total census, and yet, the community posted a 27% EBITDAR margin on approximately $2.22 million of revenues. That’s impressive from the previous independent owner/operator, who sold the community for $7.025 million, or about $106,400 per unit, with an 8.5% cap rate. There is still room for improvement for the incoming private... Read More »
Evans Senior Investments Sells Southern Illinois Portfolio

Evans Senior Investments Sells Southern Illinois Portfolio

by | Feb 16, 2018 7:01 am | Acquisitions

Evans Senior Investments is on a tear in 2018, having just closed a portfolio sale in southern Illinois on behalf of the independent owner/operator seller after already closing three other deals earlier this month. The “Legacy Place” portfolio consists of four assisted living/memory care communities and 200 total units (149 AL and 51 MC) spread out across southern Illinois. Each community was purpose-built in the last eight years and operated well, with a combined 95% occupancy, 100% private pay census and 34.3% EBITDAR margin on approximately $7.72 million of trailing revenues, portfolio-wide. A regional owner/operator stepped in as the buyer, paying $32.63 million, or about $163,000 per... Read More »
Evans Senior Investments Lands A Triple

Evans Senior Investments Lands A Triple

by | Feb 7, 2018 7:01 am | Acquisitions

Evans Senior Investments (ESI) showed its range in closing three transactions across the country, totaling over $20 million. First, in its home state of Illinois, ESI represented the seller, an independent owner/operator, in the sale/leaseback of its 30-unit assisted living community in Winnebago (near Rockford, Illinois) for $4 million, or $133,300 per unit. Just 10 years old, the community was operating well, with 97% occupancy, 100% private pay census, and a 33% operating margin on about $1.225 million of revenues. A publicly traded REIT added the property into a master lease in which the seller already managed other communities on behalf of the REIT. Moving South, ESI handled the sale... Read More »
Skilled Nursing Facility Receivership Ends With Sale

Skilled Nursing Facility Receivership Ends With Sale

by | Dec 5, 2017 9:00 pm | Acquisitions

A Kansas skilled nursing facility in receivership recently sold with the help of Evans Senior Investments, for an undisclosed price. Built in 1977, the facility has 67 skilled nursing beds and 15 residential care units, and it was 81% occupied. However, despite its location five blocks away from the area’s only community hospital, it was in receivership at the time of listing. ESI represented the court-appointed receiver in the facility’s sale to an experienced operator that plans to use its economies of scale to increase revenues and improve the operating margin. Read More »
Evans Senior Investments Sells Value-Add Assisted Living

Evans Senior Investments Sells Value-Add Assisted Living

by | Nov 2, 2017 8:41 pm | Acquisitions

Evans Senior Investments (ESI) successfully sold a 92-unit assisted living/memory care community, for an undisclosed price, in Greendale, Wisconsin (about 10 miles south of Milwaukee). Built in 1998, with additions in 1999 and 2010, this three-building campus includes 92 units of assisted living and memory care, licensed as a Community-Based Residential Facility. Occupancy has been increasing since January 2016, and now sits in the low-90s, with a significant Medicaid census. Chicago-based SHA Capital Partners was the buyer and brought in Matthews Senior Living to operate the community, which is considered to be a value-add opportunity for them. ESI represented an independent owner in the... Read More »