• 60 Seconds with Swett: October Smashes M&A Record

    by | Nov 4, 2025 4:20 pm | 60 Seconds, Acquisitions

    We were predicting a record-breaking end to the year in terms of M&A activity, but we are not sure we expected a 100+ deal month, with 110 transactions and counting. Just to put that in perspective, the previous record for any month was 77 deals in October of last year, and only four months had previously broken the 70-deal barrier. So this... Read More »

  • Newmark Ends October with Portfolio Closings

    by | Nov 4, 2025 3:50 pm | Acquisitions

    Newmark announced a flurry of transactions at the end of October involving various institutional firms. The largest was a portfolio of seniors housing communities in the Northeast known as “Stars and Stripes.” Word on the street is that the portfolio sold for north of $800 million, and that a sub-portfolio was valued at more than $1 million per... Read More »

  • Stacked Stone Acquires Missouri Portfolio

    by | Nov 4, 2025 3:48 pm | Acquisitions

    Stacked Stone Ventures announced the purchase of a seven-community assisted living/memory care portfolio in Missouri for $71 million, or $212,600 per unit. Totaling 334 units and 405 beds, the Oak Pointe portfolio was developed between 2015 and 2020 by an investor group called ClearPath Senior Housing, which included Jeff Binder of Senior Living... Read More »

  • Blueprint Sells Georgia Community to LTC Properties

    by | Nov 4, 2025 3:47 pm | Acquisitions

    LTC Properties divested seven skilled nursing facilities through two separate deals for $122 million in October. In those transaction announcements, the publicly traded REIT noted that it intended to redeploy proceeds for the acquisition of newer, stabilized SHOP assets. It looks like that’s what the publicly traded REIT did in Georgia at the... Read More »

  • MIG Announces Two Closings

    by | Nov 4, 2025 3:46 pm | Acquisitions

    Montgomery Intermediary Group announced a couple of transactions at the end of October. First, Andrew Montgomery sold a 120-bed skilled nursing facility in southern Illinois in a value-add deal. Built in the 1960s and 1970s, the facility had a roughly 50% Medicaid census, with between 30% and 35% private pay and 5% to 10% Medicare. It was losing... Read More »
HJ Sims Arranges Refinancing for North Carolina CCRC

HJ Sims Arranges Refinancing for North Carolina CCRC

by | Aug 13, 2021 3:47 pm | Financings

HJ Sims returned to a CCRC in Charlotte, North Carolina to arrange a refinancing solution for the campus. The transaction comes nearly two years after HJ Sims closed $12.95 million in tax-exempt Revenue Anticipation Bonds to cover pre-development and development costs for an expansion project. A year later, HJ Sims identified a refunding opportunity for the sponsor’s outstanding Series 2013 bonds. They utilized Cinderella Bonds, which would be taxable until the optional redemption date, after which the bonds would convert to tax-exempt.  Sims served as a placement agent and worked with the sponsor’s financial advisor, Pearl Creek Advisors, to conduct a bank solicitation to also refinance... Read More »
HJ Sims Refinances Two Pennsylvania Seniors Housing Communities

HJ Sims Refinances Two Pennsylvania Seniors Housing Communities

by | Aug 10, 2021 2:31 pm | Financings

HJ Sims closed a two-part refinance for Asbury Communities Inc.’s two seniors housing properties in Pennsylvania. The Erie location, Bethany Village, has two campuses with 400 independent living units, 100 assisted living units and a 69-bed skilled nursing center. The Mechanicsburg property, Springhill, features 158 independent living units, 35 personal care units and an 80-bed SNF. The loans refinance bonds from 2012 and include a $20.4 million bank loan and tax-exempt, fixed-rate bonds totaling $27.2 million. Altogether, that is $47.6 million of debt arranged for Asbury. That follows a $23.34 million financing package that HJ Sims closed for a small CCRC in New Orleans, Louisiana.... Read More »
Live Oak Bank and HJ Sims Team Up

Live Oak Bank and HJ Sims Team Up

by | Jul 27, 2021 4:02 pm | Financings

Sometimes to get a deal done you have to get creative and be flexible. It appears that was the case for a recent sale of a 55-unit assisted living and memory care community located in Utah. Of the total, 42 units are assisted living and 13 are memory care. Even though capital sources have opened up, to get maximum leverage, if that is what you want or need, your lending groups can get flexible.  Live Oak Bank and HJ Sims teamed up to provide the financing solution for the buyer of this community, a regional owner/operator with 15+ years of experience that currently manages more than 1,600 units in more than 25 communities across five states in the Mountain West... Read More »
HJ Sims Secures HUD Loan For Brooklyn Apartment Community

HJ Sims Secures HUD Loan For Brooklyn Apartment Community

by | Jul 23, 2021 2:53 pm | Financings

Sims Mortgage Funding, a subsidiary of HJ Sims, secured a $7.035 million HUD loan for Marien-Heim of Sunset Park, a 169-unit Section 8 senior apartment community in Brooklyn, New York. It is owned by a local, not-for-profit community development organization. That owner had previously obtained an $8.313 million HUD loan in 2012 that refinanced its Section 202 Direct Loan, funded capital reserves and repairs, generated annual debt service savings and earned them a development fee.   But the current low interest rate environment prompted another refinance on Sims’ recommendation. HUD approved the interest rate reduction proposal in about 75 days, and the loan closed 29... Read More »
HJ Sims Refinances Louisiana Senior Housing Community

HJ Sims Refinances Louisiana Senior Housing Community

by | Jun 25, 2021 10:16 am | Financings

After already closing over $530 million of HUD loans in Louisiana, Sims Mortgage Funding is returning to the state to refinance Metairie Manor, nearly a decade after previously refinancing the property. Metairie Manor is a 287-unit, Section 8 funded, affordable senior housing community, owned and managed by affiliates of the Archdiocese of New Orleans. This represents the 11th refinancing Sims has closed for the Archdiocese and its management affiliate, Christopher Homes, Inc.  Sims previously helped refinance Metairie in 2012 when it paid off its HUD Section 202 Direct Loan. That refinancing produced about $250,000 in annual debt service savings that have been used to fund various... Read More »