• Diversified Healthcare Trust’s SHOP Delivers Strong Results

    Diversified Healthcare Trust (DHC) announced fourth-quarter earnings and full-year 2025 results, and its SHOP segment delivered. Same-property SHOP NOI in the fourth quarter jumped 27.6% year over year to $38 million, and full-year SHOP NOI climbed 31.3% to $129.3 million. Same property SHOP occupancy reached 82.4% in Q4, up 90 basis points from... Read More »
  • Lease Option Closes for High-Performing CT SNFs

    A long-time regional owner/operator looking to secure capital for future redeployment into the skilled nursing sector approached Blueprint to market two skilled nursing facilities. The high-performing assets sit 40 miles apart in southern and western Connecticut with 301 total beds. The non-union facilities were generating $4.4 million of EBITDAR... Read More »
  • Not-for-Profit Acquires North Carolina Seniors Housing Portfolio

    A few seniors housing communities in North Carolina were recently divested by a North Carolina owner/operator. The three assets total 61 independent living units and 173 assisted living and memory care beds. The independent living component was developed by the seller. The buyer, a not-for-profit with more than 30 years of experience acquiring... Read More »
  • Skilled Nursing Owner/Operator Secures Its First HUD Financing

    In a transaction that marks the third time Berkadia has secured financing for the asset, the company arranged a $35.4 million HUD financing for a 189-bed skilled nursing facility in Lafayette Parish, Louisiana. The asset was developed in three phases between 1996 and 2007. It has been owned by a Louisiana-based owner/operator of skilled nursing... Read More »
  • Senior Care Portfolio Receives Financing

    MONTICELLOAM provided financing to three seniors housing communities in Illinois. Originated by Karina Davydov, the package includes up to $44 million in bridge financing with a 36-month term. The portfolio offers independent living, assisted living, memory care and skilled nursing services. The sponsor, a Midwest-based senior living operator... Read More »
Fannie Mae Origination in Oregon

Fannie Mae Origination in Oregon

Almost five years after taking over the operations of a 92-unit senior living community in the town of The Dalles in northern Oregon, family-owned The Springs Living has become its sole owner, thanks to a $17.5 million Fannie Mae refinance arranged by Capital One’s Dague Retzlaff and Mark Bultman. Harrison Street Real Estate Capital bought the community as part of a four-property, 419-unit portfolio in November 2012 for a total of $65 million, or $155,130 per unit, and brought in The Springs to operate. At the time, the portfolio was 89% occupied and operated at a 26% margin on $15.65 million of revenues. We believe Harrison Street has since added value to the property, as it typically... Read More »

Welltower’s half-billion-dollar buy

After owning what is known as the Aston Gardens portfolio in Florida for just two and a half years, Kayne Anderson Real Estate Advisors has sold the six-property portfolio with 1,930 units to a joint venture between Welltower and Canada Pension Plan Investment Board (CPPIB) for $555 million. They will own a 97.5% interest, so grossed up to 100% equates to a per-unit value of $295,000. The manager, Discovery Senior Living, will retain a 2.5% interest, down from 10% with the previous owner. Kayne Anderson bought the portfolio in late 2013 for an estimated $400 million from GE Healthcare Finance. During GE’s ownership, occupancy had dropped from 95% to below 85%, which caused them to remove... Read More »