• Eight Wisconsin Senior Care Assets Sell in Four Deals

    by | Nov 21, 2025 3:02 pm | Acquisitions

    Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The... Read More »

  • Public REIT Offloads SNFs Following Lease Non-Renewal

    by | Nov 21, 2025 2:48 pm | Acquisitions

    Blueprint started the fourth quarter well after selling a portfolio of skilled nursing facilities in Florida, California and Virginia, on behalf of a public REIT. The existing tenant elected not to renew its master lease, prompting the portfolio divesture. The first closing was completed in Florida for two high-quality SNFs. The two facilities... Read More »

  • Senior Care Owner/Operator Acquires AL Community

    by | Nov 21, 2025 2:45 pm | Acquisitions

    Dan Mahoney and Dillon Rudy of Blueprint were engaged by a Louisiana-based not-for-profit owner/operator to market a 40-unit assisted living community in the Inland Northwest region of Idaho. The property maintained a steady resident base and in-place HUD financing. The organization was divesting because the asset no longer geographically aligned... Read More »

  • Developer Divests to Capital Group

    by | Nov 21, 2025 2:42 pm | Acquisitions

    A Class-A seniors housing community near Wichita, Kansas, found a new owner thanks to Evans Senior Investments. The seller developed the community in 2014 and has operated it since then. There are 101 units of independent living, assisted living and memory care. Occupancy was consistent around 90%, and the operating margin was in the high-20s,... Read More »

  • Stellar Senior Living Finances Arizona Community

    by | Nov 21, 2025 2:40 pm | Acquisitions, Financings

    Marcus & Millichap arranged $22 million in financing for The Springs of Scottsdale, a 143-unit independent living community in Phoenix, Arizona. Paul Winterowd secured the financing with a national life insurance company on behalf of Stellar Senior Living. The sponsor secured a five-year loan at 60% loan-to-value, with a competitive interest... Read More »
Greystone Gets Freddie Mac Funding for To-Be-Built Community

Greystone Gets Freddie Mac Funding for To-Be-Built Community

by | Nov 24, 2019 3:27 pm | Financings

A new seniors housing community for low-income residents is being developed in Covington, Georgia, thanks to Freddie Mac financing arranged by PJ McDevitt of Greystone. Dominium Holdings, one of the largest affordable housing development/management companies in the country, is building the community, which will feature 198 total units with one-, two- and three-bedroom layouts. The properties will be located near the Newton County Senior Center, considered to be one of the most active senior centers in the state. That can only help both the fill-up and also the residents’ experience. Completion is expected sometime in 2021. To fund the project, Dominium obtained a $15.8 million Freddie Mac... Read More »
Greystone Closes Two Freddie Mac Financings

Greystone Closes Two Freddie Mac Financings

by | Oct 31, 2019 3:24 pm | Financings

Greystone ended October with a couple of varied transactions. First, Cary Tremper facilitated a Freddie Mac $43.98 million loan to support the acquisition of a 207-unit senior living community in Daly City, California (San Francisco MSA). The loan was originated on behalf of the borrower, Senior Resource Group and Welltower. Built between 2008 and 2011, the community has been managed by SRG since 2012. It offers independent living and assisted living units. Then, if seniors housing has an affordability problem, then maybe age-restricted manufactured housing communities are part of the solution. To that end, Greystone arranged a $33.7 million Freddie Mac loan to refinance one of those... Read More »
HUD Lean Volume Hits an All-Time High

HUD Lean Volume Hits an All-Time High

by | Oct 11, 2019 11:39 am | Financings

The HUD LEAN program had quite a fiscal year 2019, topping $3.7 billion in transaction volume across 288 transactions. The transaction number may be 1% down from the 292 closings in FY2018, but the dollar volume is up 3.6% to reach a record high for the program. HUD used to be the “lender of last resort,” but given the attractiveness of the debt (where else can you get a sub-3% rate for a 30+ year term?), it’s no wonder the program is growing like gangbusters. ORIX Real Estate Capital/Lancaster Pollard put their combined resources to work this year, closing an impressive $903.8 million in HUD closings, with 78 total transactions. That kind of dollar volume hasn’t been seen before, even... Read More »
Greystone Announces Three Financings and One New Hire

Greystone Announces Three Financings and One New Hire

by | Oct 9, 2019 6:00 am | Financings

Running the agency gamut at the start of October, Greystone announced three financings it closed through Fannie Mae, Freddie Mac and HUD. First up, the firm refinanced an independent living community in Pearland, Texas (Houston MSA) with a 10-year, $37 million Fannie Mae loan. Cary Tremper originated the transaction on behalf of Integrated Real Estate Group (IREG) and their operating affiliate Integrated Senior Lifestyles. IREG opened the community in 2017, with 214 units that include one-bedroom, two-bedroom and three-bedroom options, plus eight villas. There are also a host of a la carte services and amenities. Development cost reached $35.1 million, or $158,100 per unit. Then, Greystone... Read More »
GFH Capital Gets Financing From Greystone

GFH Capital Gets Financing From Greystone

by | Aug 15, 2019 8:29 pm | Financings

Last month, Dubai-based private equity firm GFH Capital jumped into the senior living market in a big way, acquiring a group of six properties for a total purchase price over $180 million. Now, Greystone has announced that it provided a total of $115 million in Freddie Mac and Fannie Mae Shariah-compliant financing to support the acquisition. Cary Tremper originated the financing on behalf of GFH (which will own 91% of the portfolio) and Washington, D.C.-based real estate investment firm Madison Marquette, which is acquiring another 6%. JEA Senior Living, Senior Resource Group, two of the three operating partners GFH has selected to manage the communities, have also each co-invested in... Read More »