• Sabra’s Q4 Deals Push 2025 New Investments to $450 Million

    by | Feb 13, 2026 2:24 pm | Uncategorized

    Sabra Health Care REIT released its fourth quarter results. On a year-over-year basis, same-store cash NOI increased 12.6% for the fourth quarter of 2025, while the 2025 quarterly year-over-year average increase was 15.0%, inclusive of the stabilized facilities formerly operated by Holiday Retirement.  Its Q4 acquisitions brought the... Read More »

  • CareTrust Closes 2025 with 169 New Property Investments

    by | Feb 13, 2026 2:21 pm | Acquisitions

    CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in... Read More »

  • Separate Sellers Divest in Florida

    by | Feb 13, 2026 2:14 pm | Acquisitions

    Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders,... Read More »

  • Idaho IL/AL Community Receives HUD Financing

    by | Feb 13, 2026 2:13 pm | Financings

    Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan... Read More »

  • Welltower Releases Strong Results, Again

    by | Feb 12, 2026 4:36 pm | Acquisitions

    Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%.  In the fourth quarter, the REIT saw 400 basis points of average occupancy... Read More »
REITs Are Moving Assets Again

REITs Are Moving Assets Again

by | Jun 12, 2019 7:01 am | Acquisitions

Just when we thought it was safe to go outside again, it was revealed that Welltower had transferred the operations of 20 memory care and Alzheimer’s communities from one of its formerly favored tenants, Silverado Senior Living, to a formerly much smaller tenant, Frontier Management. These 20 properties represent 50% of Silverado’s memory care operations, and the transition is obviously a serious blow. To say that people were shocked by this development would be an understatement. Of the 20 properties, 11 are located in Texas and the rest scattered among four other western and midwestern states. We understand that sometimes a REIT or a lender has to make difficult decisions to protect its... Read More »
Frontier Management Sells The Frontier Four

Frontier Management Sells The Frontier Four

by | Mar 8, 2019 7:00 am | Acquisitions

Frontier Management just sold four of its Pacific Northwest seniors housing communities to a publicly-traded REIT but won’t be exiting entirely. In addition to continuing as the operator, Frontier also retained a joint venture ownership interest in the portfolio. Totaling 139 assisted living and memory care units (244 beds), these communities are located in Burlington and Oak Harbor, Washington, and the greater Portland, Oregon MSA. They were well occupied and of institutional quality too, which clearly attracted the REIT buyer. Matthew Whitlock of CBRE National Senior Housing represented Frontier and arranged a successful outcome for them. Read More »
Hunt Real Estate Capital Rises in Phoenix

Hunt Real Estate Capital Rises in Phoenix

by | Feb 22, 2019 7:02 am | Acquisitions, Financings

Nearly a year on from its departure from RED Capital Group, the Kathryn Burton Gray-led team at Hunt Real Estate Capital closed a $7.0 million bridge loan to fund the acquisition of a 44-unit memory care community in Phoenix, Arizona. Brady Johnson originated the deal, with help from Ms. Burton Gray and Michael Jones, working on behalf of the joint venture buyer that consisted of CALCAP Real Estate Advisors, a California-based real estate investment firm, and Greg Roderick, President and CEO of Frontier Management. This is CALCAP’s first foray into seniors housing, and they will certainly benefit from Mr. Roderick’s operating experience. Built in 2000 but renovated in 2016, the community... Read More »
Frontier Moving Forward With Financing From Columbia Pacific Advisors

Frontier Moving Forward With Financing From Columbia Pacific Advisors

by | Sep 6, 2018 3:27 pm | Financings

Fresh off of Frontier Management’s ownership restructuring, it was business as usual for the firm, which obtained financing for its newly opened standalone memory care community in Tucson, Arizona. Columbia Pacific Advisors, though its bridge lending platform, CPIF Lending, provided the $6.225 million loan, with a 24-month interest only term and a 12-month extension, to refinance the original construction financing on the 48-unit community. The transaction allows Frontier to continue stabilizing the community and pursue its next development project. The loan, which Frontier expects to pay off within 18 months, was underwritten at a loan-to-value of 66%, but that goes down to 56% upon... Read More »
Live Oak Bank Flourishes This Summer

Live Oak Bank Flourishes This Summer

by | Aug 31, 2018 7:02 am | Financings

Showing off its versatility, Live Oak Bank facilitated acquisition financing for two separate, and very different, transactions. First, the bank provided a cash flow balance sheet loan to support a partner buy-out at Frontier Management. Formation Capital had owned a 50% stake in the senior living operator, but with this transaction, Frontier’s founder and CEO, Greg Roderick, became the sole owner. Established in 2000, Frontier now operates 80 communities with over 6,000 independent living, assisted living and memory care units across 12 states. Second, Live Oak Bank provided a $5 million SBA 7a loan for local operator in Utah to acquire two small assisted living communities in the town of... Read More »