• Janus Living Goes Public After Upsizing IPO

    by | Mar 20, 2026 4:09 pm | Uncategorized

    Janus Living, a Healthpeak Properties-formed REIT and now the only publicly traded U.S. REIT fully dedicated to seniors housing with its entire portfolio structured under RIDEA, has launched its initial public offering of Class A-1 common stock. The company is now listed on the NYSE under the ticker “JAN.” It plans to pay a quarterly dividend of... Read More »

  • Partnership Acquires Two Long Island Communities

    by | Mar 20, 2026 3:11 pm | Acquisitions

    Two Long Island assisted living communities were sold by their original developer/operator. Village Green Senior Living in Levittown (opened in 2020) and Village Walk Senior Living (opened in 2018) in Patchogue were acquired by a partnership between Fundamental Advisors, Scribner Capital and Atria Senior Living. They will be renamed Atria... Read More »

  • Artemis Real Estate Partners Purchases Class-A Community

    by | Mar 20, 2026 3:02 pm | Acquisitions

    The developer of a Class-A seniors housing community in the Minneapolis, Minnesota MSA, has passed the torch to a new owner. Pillars of Lakeville, now known as The Crest at Lakeville, sits on 1.8 acres. Oppidan Investment Co., a company that developed multiple Pillars senior living properties in Minnesota, acquired the land from Crossroads... Read More »

  • Stand-Alone Memory Care Community Gets New Owner

    by | Mar 20, 2026 3:01 pm | Acquisitions

    1031 CF Properties, a leading DST investor, acquired a stand-alone memory care community in the Spokane, Washington MSA. Built in 2005 with expansions in 2007 and 2013, Generations Memory Care offers 48 private units with 28,472 square feet on 2.067 acres. The seller was an investment group based in northern California that purchased the asset in... Read More »

  • Not-for-Profit Closes First Public Bond Issue in 20+ Years

    by | Mar 20, 2026 3:00 pm | Financings

    Ziegler announced the closing of a $30.0 million tax-exempt fixed rate bond issue for Butterfield Trail Village, Inc. (BTV). The Series 2026 bonds were issued through The Fayetteville Public Facilities Board. BTV is a not-for-profit corporation founded by five local churches in 1981 to own and operate a continuing care retirement community on... Read More »
CBRE Comes Full Circle

CBRE Comes Full Circle

by | Jul 3, 2019 1:04 pm | Acquisitions, Financings

CBRE was all over the sale of a seniors housing community in Conroe, Texas, facilitating its sale on behalf of the previous owner and arranging acquisition financing for the buyer, Chicago Pacific Founders. Originally built in 2016 by a joint venture between Paradigm Senior Living and Padua (a real estate development firm based in Houston), this community features 60 independent living, 60 assisted living and 20 memory care units, along with 17 detached IL cottages across an 11-acre campus. Its $30 million construction cost was financed by one of Lancaster Pollard’s first Propero™ loans, which totaled about $26.7 million. The JV contributed a portion of equity and also received a purchase... Read More »
Brookdale Gets Another Large Freddie Mac Financing

Brookdale Gets Another Large Freddie Mac Financing

by | Jun 19, 2019 7:02 am | Financings

Brookdale Senior Living continues to make moves that put the company on surer financial footing, having just refinanced existing debt with a $111.1 million Freddie Mac loan arranged by Monique Bimler of KeyBank Real Estate Capital. Secured in two tranches of 14 cross-collateralized seniors housing properties in Arizona, Florida, Massachusetts, Maryland, Mississippi, New York, Oregon, Texas, Virginia and Washington, the first mortgage was arranged as a 10-year split payment master note. There will be a five-year interest-only period split between 40% floating rate and 60% fixed rate payments, with a 30-year amortization schedule after that. This transaction follows a much larger $327... Read More »
CBRE Refinances Chico Expansion Project

CBRE Refinances Chico Expansion Project

by | Jun 18, 2019 2:55 pm | Acquisitions

After expanding its Chico, California senior living community a couple of years ago, Westmont Living refinanced the new development with a Freddie Mac loan arranged by Andrew Behrens, Aron Will, Austin Sacco and Adam Mincberg of CBRE. Set next to a lake within a master planned age-restricted community, the 80-unit assisted living expansion opened in 2017 to join the existing 138-unit senior living community that offers independent living, assisted living and memory care services. Since Westmont took over operations in early 2006, the property has experienced consistently strong occupancy above 90%. In 2016, CBRE had arranged a $32.3 million Fannie Mae loan, with a 10-year, fixed-rate term... Read More »
KeyBank Refinances Western New York Properties

KeyBank Refinances Western New York Properties

by | Apr 30, 2019 2:41 pm | Financings

A couple of seniors housing communities in western New York received Freddie Mac financing courtesy of KeyBank Real Estate Capital. Carolyn Nazdin of the firm’s Healthcare Group arranged two fixed-rate loans with 15-year terms and five-year interest-only periods. The first, at $45.8 million, was secured by a 162-unit community in Orchard Park. Built in 1992 and renovated in 2016, it consists of 114 assisted living, 32 independent living and 16 memory care units. The other $20.1 million loan went to a 96-unit assisted living/memory care community in Pittsford that was built 20 years ago. Both loans refinanced existing debt on the properties. Read More »
KeyBank Funds ReNew Acquisitions

KeyBank Funds ReNew Acquisitions

by | Mar 29, 2019 7:02 am | Acquisitions, Financings

Private REITs may have taken a significant step back from their heady M&A days around 2014 and 2015, but one private REIT has been pursuing a growth strategy lately. Founded last February by George Chapman (former CEO of Health Care REIT, now Welltower), ReNew REIT (or ReNew Investors) now has 61 seniors housing communities and 5,645 units in 11 states in its portfolio thanks to several large portfolio acquisitions, including a 16-property purchase in Michigan and a RIDEA agreement with Southeast-based operator Phoenix Senior Living. So far in 2019, the company has closed four more acquisitions, adding eight additional communities and 813 units in Michigan, Pennsylvania and Virginia to... Read More »