• NHI Acquires Nine Communities

    National Health Investors made a large SHOP purchase, adding nine communities consisting of 460 total units across Kentucky, South Carolina and Tennessee. The properties will be managed by Allegro Living Management, an affiliate of Spring Arbor Management. NHI has an existing relationship with Spring Arbor totaling approximately $227 million in... Read More »
  • Ensign Increases Its Footprint in Three States

    The Ensign Group and its captive real estate company, Standard Bearer Healthcare REIT, are already off to a strong start this year, announcing a slew of acquisitions that were effective February 1. In one of the transactions, Ensign purchased Agave Grove Post Acute’s operations, subject to a long-term, triple-net lease with a third-party... Read More »
  • Colorado-Based Owner/Operator Expands

    Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage sold a seniors housing community in Arvada, Colorado, representing a single-asset owner/operator who was looking to retire. The Oberon House was built in 1970 and renovated in 1997. It features 60 units of independent living and assisted living and... Read More »
  • Not-for-Profit Acquires Underperforming CCRC

    A not-for-profit seller that built, owned and operated Arbutus Park Retirement Community recently divested the asset to another not-for-profit with the help of Toby Siefert of Senior Living Investment Brokerage. The established senior care provider/buyer, which is based in Pittsburgh, Pennsylvania, intends to continue to invest in the community.... Read More »
  • Capital Funding Group’s 2025 Financing Volume

    Capital Funding Group executed more than $3.1 billion in financings in 2025, representing a 121% increase in financing volume compared to $1.4 billion closed in 2024. The annual total comprises 175 deals, including 54 healthcare and multifamily bridge loans and other lending products, 28 HUD loans, 25 accounts receivable lines of credit and 68... Read More »

Griffin-American starts small

After a busy year during which it made over $1.55 billion in healthcare acquisitions, Griffin-American Healthcare REIT-III recently made a relatively small deal in central Pennsylvania, acquiring a 120-unit independent/assisted living community in Palmyra for an undisclosed price. Built in 2007, this community was owned by AMC Delancey Group, Inc. and Heritage Senior Living, which will continue to operate under Griffin-American. Occupancy stood at 93% at the time of the sale. Joshua Jandris, Mark Myers, Charles Hilding and Andrew Hilding of Marcus & Millichap handled the transaction. Read More »

Keeping the pace

Aron Will of CBRE had yet another prolific month (after an already busy 2015), closing four transactions. Included in his totals were two acquisition financings (for the MorningStar Senior Living Colorado portfolio and Capitol Seniors Housing’s Seattle-area acquisition) already detailed in previous weeks. Mr. Will also recently arranged a $32.3 million 10-year Fannie Mae loan, with a fixed interest rate and 54 months of interest-only. The borrower, Westmont Living, will use the funds to refinance its 138-unit independent/assisted living community in Chico, California. Already with a 94% occupancy rate at the community, Westmont may look to convert a number of units to memory care in order... Read More »

Three high-priced acquisitions in PA

In a sale-manageback transaction, a non-traded REIT purchased three senior living communities with 328 total units in Pennsylvania from Heritage Senior Living for $87.5 million, or $266,800 per unit. Compared to the average price paid for AL/IL communities of $198,800 in the trailing-12 months ending Q1:2015 (according a supplemental report for the Senior Care Acquisition Report), this represents a significant premium. The properties, located in York, Bethlehem and Harleysville, Pennsylvania, offered independent living, assisted living and memory care services, and were well occupied at the time of the sale. Mark Myers of Marcus & Millichap handled the transaction. Read More »