• Regional Owner/Operator Enters New State

    by | Apr 10, 2026 2:41 pm | Acquisitions

    A regional owner/operator looking to enter the state of Indiana acquired Smith Farms Manor, an independent living community in Auburn, about 30 miles south of the Michigan border. Built in 1998, the community features 51 units and is well maintained. It sits on an attractive four-acre campus down the street from Parkview DeKalb Hospital and off... Read More »

  • Skilled Nursing Portfolio Gets New Operator

    by | Apr 10, 2026 2:40 pm | Acquisitions

    Evans Senior Investments secured a new lease for a skilled nursing portfolio in Tennessee on behalf of an institutional owner. The portfolio features four assets and was operating below 70% occupancy with margins under 10%. Despite that performance, ESI secured a lease $3 million above in-place cash flow, reflecting the operational upside that... Read More »

  • Seniors Housing and Care M&A Remains Elevated in Q1:26

    by | Apr 10, 2026 2:39 pm | Acquisitions, Statistics

    The number of publicly announced seniors housing and care acquisitions in the first quarter of 2026 reached 231 deals, based on new acquisition data from LevinPro LTC. This represents a 19.8% decrease from the 288 transactions disclosed in the fourth quarter of 2025, but a 25.5% increase from the 184 deals in Q1:25.   “It was always going... Read More »

  • Clarion Acquires Again in Colorado

    by | Apr 10, 2026 2:36 pm | Acquisitions

    Two years after opening a 160-unit seniors housing community in Centennial, Colorado (Denver MSA), MorningStar Senior Living announced an expanding relationship with Clarion Partners, a leading real estate investment company and specialty investment manager of Franklin Templeton, in its acquisition of MorningStar at Holly Park. The community... Read More »

  • Brookdale’s Summer Test Ahead

    by | Apr 10, 2026 8:09 am | Uncategorized

    Brookdale Senior Living reported its March occupancy results, and it unfortunately took another step in the wrong direction. We will get a better read when peers report first-quarter results and when NIC MAP releases its next tranche of occupancy data, but at this point, it seems as though Brookdale will need a particularly strong performance... Read More »
HCP Is Making Moves

HCP Is Making Moves

by | May 6, 2019 7:01 am | Acquisitions

HCP, Inc. caused a stir this month with a couple of large acquisitions totaling $558 million. The industry hasn’t seen that kind of large-scale activity in some time, as many of the REITs seemed to be biding their time, at least for big acquisitions. Occupancy woes, overdevelopment and higher labor costs seemed to be some of the causes for that added caution. HCP themselves were some of the biggest sellers recently, having sold $1.5 billion in seniors housing assets over the past five quarters. But now, HCP is jumping back into the seniors housing M&A pool with a couple of acquisitions of new, high-quality assets. The properties’ ages should help assuage some of those occupancy... Read More »
Avalon Senior Living Grows

Avalon Senior Living Grows

by | Mar 22, 2019 7:02 am | Acquisitions

Avalon Senior Living has partnered again with Eastridge Pacific Holdings, LLC (EPH), this time buying three senior living communities in California from HCP, Inc. that had been leased to Brookdale Senior Living. The 205 units (210 beds) offer independent living, assisted living and memory care services. The purchase price was $15.7 million, or $76,585 per unit, and came with an approximate cap rate of 8.0%. Mike Garbers, formerly of Greystone and now with JLL, represented the seller, and MidCap Financial provided the mortgage financing. Eastridge Pacific entered the senior living industry in 2016 as an equity partner in Kalakaua Gardens, a 17-story community in Honolulu with 216 beds. It... Read More »
HCP Sheds More Brookdale Properties

HCP Sheds More Brookdale Properties

by | Nov 2, 2018 7:03 am | Acquisitions

The team at Cushman & Wakefield announced that they represented HCP, Inc. in the REIT’s sale of 17 Brookdale Senior Living-managed seniors housing communities for $264 million. Richard Swartz, Jay Wagner, James Dooley and Sam Dylag led the way on the transaction and are still working to close on the sale of two more properties, expected later this quarter for a purchase price of approximately $113 million. Private equity firm Apollo Global Management was the buyer, fulfilling both their geographic/product diversity and value-add strategies. HCP is nearing the end of its Brookdale-restructuring process, having also transitioned operations away from Brookdale at 35 other communities and... Read More »
Is Apollo Global Management Entering Our Space, Again?

Is Apollo Global Management Entering Our Space, Again?

by | Jun 27, 2018 7:01 am | 60 Seconds, Opinion

After a disastrous outing 20 years ago, Apollo may see better opportunities this time around. The rumors are swirling that private equity giant Apollo Global Management is putting its toe back in our market after a long absence. The rumor is that Apollo is buying 22 senior living communities from HCP, Inc. that are operated by Brookdale Senior Living. HCP previously disclosed that it is under contract to sell the portfolio for $428 million, or about $154,000 per unit, but never disclosed the buyer. Either Apollo is getting a deal, or these are older properties not performing too well, based on the relatively low price point. The last time we recall Apollo making a major investment in the... Read More »
CBRE Does Deal Double

CBRE Does Deal Double

by | Apr 11, 2018 7:01 am | Acquisitions, Financings

The CBRE National Senior Housing group flexed its muscles this week, closing two acquisition financings and an asset sale. First, Lisa Widmier represented HCP in its divestment of a 159-unit independent living/assisted living community in Beaumont, Texas, for an undisclosed price. Featuring a majority of independent living units, the community was built in 1996. Under management by Atria Senior Living, it was 93% occupied as of February. Chicago Pacific Founders stepped in as the buyer, through its affiliate CPF Living Communities, and hired Grace Management to operate. Then, in comes CBRE’s Aron Will, who secured a seven-year floating rate loan, with 24 months of interest only, through... Read More »