• 2nd Quarter Investor Call: The Great Debates of Senior Care

    On Thursday, July 17, Managing Editor of The SeniorCare Investor Ben Swett hosted SCI’s latest webinar, dubbed The Great Debates of Senior Care, with panelists ​​Dan Revie of Ziegler, Scott Hougham of Sage, and Michael Feinstein of Focus Healthcare Partners. Issues such as the chances of having a unit shortfall, whether cap rates are too low, the... Read More »
  • Ventas Acquires in Washington State

    Ventas expanded its portfolio through a recent acquisition of a seniors housing community in Washington State. Built in 2003, MorningStar at Silver Lake is in Everett, Washington, with 113 independent living and 35 assisted living units. The in-place operator will continue to manage the community going forward. MorningStar Senior Living has been... Read More »
  • Chicago Pacific Founders Acquires Class-A Communities

    Berkadia handled the sale and financing of two Class-A independent living, assisted living, and memory care communities: Grand Living at Citrus Hills and Grand Living at Bridgewater. The pair of seniors housing communities have a combined total of 337 units, and are located in Hernando, Florida, and Coralville, Iowa, respectively. Managing... Read More »
  • Blueprint Closes Lease-to-Purchase Transaction

    A large New York-based seniors housing owner engaged Blueprint to explore the sale of an 80-unit assisted living/memory care community in Harrisburg, Pennsylvania. Kory Buzin and Steve Thomes handled the transaction. Ownership acquired the asset several years prior while in distress and brought on Viva Senior Living as manager to execute a... Read More »
  • BHI Provides Bridge Loan

    BHI, the U.S. branch of Bank Hapoalim B.M., provided $49 million in bridge-to-HUD financing for a portfolio of three seniors housing communities in the suburbs of Detroit. The portfolio consists of Hampton Manor of Dundee, Hampton Manor of Trenton and Hampton Manor of Hamburg. Together, the communities total 221 units, with 171 assisted living... Read More »
Grandbridge Finances Philly-Area Development

Grandbridge Finances Philly-Area Development

A brand-new senior living community is being built in the Philadelphia, Pennsylvania market with funding facilitated by Grandbridge Seniors Housing and Healthcare Finance Group. Set to open in 2020, the project will feature 160 units of independent living, assisted living and memory care in the town of Limerick. It is being developed by Vantage Point Retirement Living, a growing operator in the Mid-Atlantic with 11 senior living and active adult communities already open in Maryland, Delaware and Pennsylvania. Two more are set to open next year in Delaware and Pennsylvania (including this one being financed), with three more in the works. The construction/mini-perm loan totaled $34 million... Read More »
Grandbridge Arranges Active Adult Financing

Grandbridge Arranges Active Adult Financing

With Baby Boomers still too young to move into most seniors housing communities and labor costs growing, many companies see opportunity in the active adult market, which some view as a largely untapped market. We’ll have to see how “under the radar” these assets will stay in the next couple of years. Jumping into the market, Grandbridge Seniors Housing and Healthcare Finance Group just facilitated construction financing for the development of a 318-unit age-restricted community in Plano, Texas operated by Life Style Management Inc. The transaction consisted of about $62.3 million in taxable and tax-exempt bonds under the 142(d) bond program administered by BB&T Capital Markets.... Read More »
Grandbridge Refinances Highgate Senior Living Portfolio

Grandbridge Refinances Highgate Senior Living Portfolio

Washington State-based senior living operator, Highgate Senior Living, refinanced two of its communities in the Pacific Northwest with the help of Grandbridge Seniors Housing and Healthcare Finance Group. Richard Thomas originated the Freddie Mac loans, which included an $8.5 million first mortgage for an assisted living/memory care community in Bellingham, Washington (about 30 miles southeast of Vancouver, British Columbia) and a $5.225 million loan for an assisted living/memory care community in Great Falls, Montana. Each loan comes with a fixed rate, 10-year term and 30 years of amortization. Read More »
Blueprint Sells In Ohio and Florida

Blueprint Sells In Ohio and Florida

Blueprint Healthcare Real Estate Advisors has been anything but a wallflower this year in seniors housing and care deal making and continued their 2018 haul with two more transactions announced at the start of NIC. First, in Dayton, Ohio, Connor Doherty and Michael Segal sold an 87-bed skilled nursing facility that came with a lot of upside. Situated in a desirable, urban infill location adjacent to a local medical center, the facility maintained a five-star rating from CMS. Pretty good. But there were restrictive admissions criteria and a vacant floor that meant census was below market. Taking on the challenge (for an undisclosed price) will be a newly-formed, opportunistic... Read More »