• PGIM Divests Two Arizona Assets

    by | Jan 23, 2026 3:42 pm | Acquisitions, Financings

    JLL’s Seniors Housing Capital Markets team completed the sale and financing of three assets across two separate deals. First, it announced that it sold The Watermark at Morrison Ranch in Gilbert, Arizona, and Acoya Mesa in Mesa, Arizona. Both communities were stabilized at the time of the deal. JLL marketed the portfolio on behalf of the seller,... Read More »

  • Underperforming Asset Trades in California

    by | Jan 23, 2026 3:39 pm | Acquisitions

    A seniors housing community in Vacaville, California, sold with the help of Nick Stahler and Chad Mundy of The Knapp-Stahler Group at Marcus & Millichap. At the time of LOI, the asset was underperforming and financially strained. Built in 2004, it features more than 80 assisted living and memory care units and is licensed for over 90 beds on... Read More »

  • Communities Sell in California and Missouri

    by | Jan 23, 2026 3:08 pm | Acquisitions

    Haven Senior Investments closed a deal right before year-end and announced a couple of others from the preceding months. First, an assisted living community was facing a hard closing deadline, with a 30-day escrow and commercial loan that would have been canceled if the transaction did not close by December 31. Rebecca Van Wieren and Scott Fuller... Read More »

  • Cambridge Provides HUD Construction Financing

    by | Jan 23, 2026 3:07 pm | Developments, Financings

    Cambridge Realty Capital provided $6.5 million in construction financing for a 20-bed memory care addition to The Pointe at Pontiac, an existing 60-bed supportive living facility in Pontiac, Illinois. The borrower is an Illinois limited liability company. The financing is insured by HUD under its Section 241(a) program and will be used to fund... Read More »

  • SNF Portfolio Receives Bridge Financing

    by | Jan 23, 2026 3:05 pm | Acquisitions, Financings

    MONTICELLOAM, along with firm affiliates, provided $60 million in bridge financing to a five-facility skilled nursing portfolio in Illinois. The two-year loan was originated by Karina Davydov. The returning healthcare client, who operates over a dozen skilled nursing facilities in Illinois, will use the loan proceeds to acquire the portfolio,... Read More »

Griffin-American starts small

by | Feb 17, 2016 8:30 am | Acquisitions

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

by | Feb 3, 2016 8:30 am | Acquisitions, Financings

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

by | Jul 17, 2015 8:31 am | Acquisitions

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 »