• Omega Beats Estimates

    by | Aug 1, 2025 4:17 pm | Opinion, Statistics

    Omega Healthcare Investors released its second quarter results, beating estimates and demonstrating resilience amid the bankruptcy of Genesis Healthcare, one of the largest skilled nursing operators in the country. The REIT reported AFFO of $0.77 per common share, which was above the estimate of $0.75. Revenue also came in higher than expected,... Read More »

  • Private Equity Firm Divests Seniors Housing Communities to SNF Company

    by | Aug 1, 2025 4:11 pm | Acquisitions

    Senior Living Investment Brokerage’s Vince Viverito, Nick Cacciabando, Jeff Binder and Lucas Doll handled the sale of two seniors housing communities in Oklahoma. The communities are located in Mustang and Oklahoma City, both built in stages from the late-1990s to the late-2000s. They total 135 units of independent living, assisted living and... Read More »

  • Joint Venture Recapitalizes Massachusetts Class-A Portfolio

    by | Aug 1, 2025 4:10 pm | Financings

    Northbridge Companies and Taurus Investment Holdings recapitalized their portfolio of six Class-A seniors housing communities in the Boston suburbs for $227 million, or $447,700 per unit. The recap comes five years after the joint venture acquired the portfolio for approximately $200 million, or $394,500 per unit, which was Taurus’ first... Read More »

  • Ziegler Places Two Bank Loans for Phorcys Capital Partners

    by | Aug 1, 2025 4:09 pm | Financings

    Ziegler served as the capital structure advisor in the placement of two bank loans totaling $21.795 million on behalf of Phorcys Capital Partners. The first financing was used to acquire Superior Residences of Clermont, a not-for-profit assisted living/memory care community in Clermont, Florida that was held and operated through a court-appointed... Read More »

  • Not-For-Profit Secures Refinancing

    by | Jul 31, 2025 10:39 pm | Financings

    Ziegler announced the closing of a large bond financing on behalf of Sequoia Living, a California not-for-profit public benefit corporation that serves seniors throughout Northern California. Sequoia, originally known as Northern California Presbyterian Homes, and its related entities own four CCRCs and three affordable housing communities. The... Read More »
Leaving with Grace

Leaving with Grace

by | Sep 21, 2016 8:30 am | Opinion

While attending the NIC conference in Washington, D.C. last week, I learned that Gene and Mari Jo Grace of Grace Management are retiring after nearly 33 years in the seniors housing and care business. I have known them for most of that 33 years, and I feel like the industry is losing not only two very top-notch professionals, but two friends. The respect they command, and the friendship they have shown to so many over the years is unparalleled, not to mention the depth of their industry knowledge and history. They have seen it all. Two years ago, they sold their company to Chicago Pacific Founders (CPF) but continued on in their roles. In those two years, with the help of John Rijos and... Read More »
Triumph in Tucson

Triumph in Tucson

by | Apr 22, 2016 8:31 am | Acquisitions

Making its second-ever acquisition in Arizona, Chicago Pacific Founders added a 140-unit independent living community in Tucson to its growing portfolio of now eight properties located across the country. Almost a year prior to this deal, CPF had entered into the Arizona market with its $7.2 million purchase of a 79-unit assisted/independent living community in Sun City. Also, just over the border in Nevada, CPF acquired a 72-unit assisted living community in Pahrump for an estimated $7.5 million. The newest property is located in a residential and retail area in southwest Tucson, and is close to several major medical centers. CPF plans to make investments in the community, and its... Read More »