• Eight Wisconsin Senior Care Assets Sell in Four Deals

    by | Nov 21, 2025 3:02 pm | Acquisitions

    Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The... Read More »

  • Public REIT Offloads SNFs Following Lease Non-Renewal

    by | Nov 21, 2025 2:48 pm | Acquisitions

    Blueprint started the fourth quarter well after selling a portfolio of skilled nursing facilities in Florida, California and Virginia, on behalf of a public REIT. The existing tenant elected not to renew its master lease, prompting the portfolio divesture. The first closing was completed in Florida for two high-quality SNFs. The two facilities... Read More »

  • Senior Care Owner/Operator Acquires AL Community

    by | Nov 21, 2025 2:45 pm | Acquisitions

    Dan Mahoney and Dillon Rudy of Blueprint were engaged by a Louisiana-based not-for-profit owner/operator to market a 40-unit assisted living community in the Inland Northwest region of Idaho. The property maintained a steady resident base and in-place HUD financing. The organization was divesting because the asset no longer geographically aligned... Read More »

  • Developer Divests to Capital Group

    by | Nov 21, 2025 2:42 pm | Acquisitions

    A Class-A seniors housing community near Wichita, Kansas, found a new owner thanks to Evans Senior Investments. The seller developed the community in 2014 and has operated it since then. There are 101 units of independent living, assisted living and memory care. Occupancy was consistent around 90%, and the operating margin was in the high-20s,... Read More »

  • Stellar Senior Living Finances Arizona Community

    by | Nov 21, 2025 2:40 pm | Acquisitions, Financings

    Marcus & Millichap arranged $22 million in financing for The Springs of Scottsdale, a 143-unit independent living community in Phoenix, Arizona. Paul Winterowd secured the financing with a national life insurance company on behalf of Stellar Senior Living. The sponsor secured a five-year loan at 60% loan-to-value, with a competitive interest... 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 »