• Greystone Closes Large CLO

    by | Oct 17, 2025 2:24 pm | Financings

    Greystone closed a large collateralized loan obligation (CLO) composed solely of healthcare assets. Greystone CRE Notes 2025-HC4, LLC is a $451.6 million commercial real estate CLO backed exclusively by bridge loans provided by Greystone. The transaction marks the firm’s eighth overall CRE CLO and the industry’s fourth-ever CRE CLO composed... Read More »

  • Fortress Investment Group Divests Arizona Asset

    by | Oct 17, 2025 2:23 pm | Acquisitions

    JLL Capital Markets has closed the sale of Inspira Arrowhead, a 165-unit seniors housing community in Glendale, Arizona. The community was under the ownership of Fortress Investment Group funds for just 18 months, but in that time occupancy rose from 89% to 94% and NOI improved by 35%. Fortress bought the asset in April 2024 in a joint venture... Read More »

  • Stacked Stone Makes Another Acquisition

    by | Oct 16, 2025 4:51 pm | Acquisitions

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, followed up on its October acquisition in Oklahoma with the purchase of two assisted living/memory care communities in Illinois, near the St. Louis MSA. Similar to the Oklahoma deal, Stacked Stone has made Illinois acquisition in a joint venture with the private equity... Read More »

  • Blueprint Handles Large SNF Deal in Pennsylvania

    by | Oct 16, 2025 4:50 pm | Acquisitions

    Not-for-profit to for-profit are not easy, and it took a two-year process for Blueprint to successfully close the sale of a 250-bed skilled nursing facility in Philadelphia, Pennsylvania. The property appears to be Cheltenham Nursing & Rehabilitation, one of three skilled nursing facilities owned by Dublin, Ohio-American Health Foundation... Read More »

  • JDI Realty Buys Alpharetta Asset

    by | Oct 16, 2025 4:48 pm | Acquisitions

    A partnership recently acquired Chapters Living of Alpharetta, a 79-unit assisted living/memory care community in Alpharetta, Georgia (Atlanta, MSA). Built in 2013, the high-quality community was previously known as Addington Place of Alpharetta. JDI Realty, in partnership with Purity Strategies and Chapters Senior Living, bought the community... Read More »
Ziegler & M&T Realty Refinance Nebraska IL Community

Ziegler & M&T Realty Refinance Nebraska IL Community

by | Jun 18, 2021 9:56 am | Financings

Ziegler and M&T Realty partnered to refinance an independent living community in Kearney, Nebraska, that is owned by Omaha-based Essex Communities. Built in 1992, the community has 34 units and was 100% occupied at closing. Essex bought it in 2018 and immediately commenced substantial renovations, which were completed in 2019.   To reimburse its capital expenditure investments, extract equity and take out debt from a local lender that the company used to acquire the community, Essex relied on Ziegler to arrange a $4.37 million loan from Fannie Mae. The 10-year loan came with a fixed interest rate and two years of interest only, followed by a 30-year amortization period. It was... Read More »
Are More Capital Senior Living Problems Coming Due?

Are More Capital Senior Living Problems Coming Due?

by | May 14, 2021 9:49 am | Opinion

Capital Senior Living released its first quarter earnings this week, and the results were sort of a mixed bag. Of course, the occupancy results were great news, with April average census rising 140 basis points from the Q1 average to 76.95%. And spot occupancy increased from 75.3% at the end of February to 78.5% by the end of April, for a 320-basis point increase. We’re not sure if we’ve seen a steeper increase. About 93% of residents are now vaccinated, COVID cases fell to zero across the 60 owned communities, and 100% of communities are open to new residents, so the runway to recovery is smoother.   Looking forward, CSU will also not be encumbered by the 39... Read More »
CBRE Closes Two Financings

CBRE Closes Two Financings

by | Apr 28, 2021 9:18 am | Financings

CBRE has secured a couple of financings for seniors housing clients on opposite sides of the country. First, in the Northeast, the team of Aron Will, Austin Sacco and Matthew Kuronen arranged a Fannie Mae loan to refinance a 269-unit rental CCRC located near Providence, Rhode Island. The property received a $39 million loan, or $145,000 per unit, with a seven-year term, fixed interest rate and two years of interest only.  The same CBRE team also arranged construction financing for a to-be-built seniors housing community in Portland, Oregon. Set in a 16-story high-rise in the city’s Pearl District, the community will feature 177 independent living, 77 assisted living and 20 memory care... Read More »
M&T Realty Closes Chicagoland Refinance

M&T Realty Closes Chicagoland Refinance

by | Mar 30, 2021 5:16 pm | Financings

M&T Realty Capital Corporation provided a $15.145 million Fannie Mae loan to refinance an 80-unit active adult community in St. Charles, Illinois (Chicago MSA). Steven Muth and Matthew Pipitone led the financing for M&T, while Eric Johnson of Ziegler arranged the deal. The loan came with a 10-year term and a fixed interest rate below 4.00%. It was structured with five years of interest-only payments, followed by a 30-year amortization schedule. Also, the loan carried a declining prepayment schedule, which provides the borrower, who remains undisclosed, additional flexibility in future years.  The community being refinanced was extremely well occupied... Read More »
Lument Arranges Fannie Mae Refinance

Lument Arranges Fannie Mae Refinance

by | Feb 4, 2021 5:11 pm | Financings

Lument recently arranged a $28 million refinance through Fannie Mae for a 105-unit independent living/assisted living community in Solana Beach, California (San Diego MSA). The loan features a 10-year term, five-years of interest only and a 30-year amortization. Plus, the borrowers, Senior Resource Group and its equity partner Collins Development Company, were able to obtain substantial cash-out proceeds. Doug Harper led the transaction.  Read More »