• Family Divests Upstate New York ALP

    by | Jan 2, 2026 3:43 pm | Acquisitions

    After running an assisted living/memory care community in Lockport, New York (Rochester MSA), for over three generations, a family has decided to divest and exit the industry. They engaged Dave Balow, Dan Geraghty and Ryan Saul of Senior Living Investment Brokerage to sell the asset. Built in 1982 and 1988, with a memory care expansion in 2017,... Read More »

  • Joint Venture Acquires California Facilities

    by | Jan 2, 2026 3:42 pm | Acquisitions

    At the end of a busy year of acquisitions, Stacked Stone Ventures announced one more on New Years Eve. The San Clemente, California-based real estate investment firm acquired two skilled nursing facilities in a joint venture with Praxis Capital for $8.25 million, or $43,200 per bed. The facilities feature a total of 191 skilled nursing and... Read More »

  • City of Wichita Issues Bond Financing

    by | Jan 2, 2026 3:40 pm | Financings

    Ziegler successfully closed Larksfield Place’s $45.205 million Series 2025 bonds, issued through the City of Wichita, Kansas. Larksfield is a not-for-profit, single-site CCRC founded in 1988 in northeast Wichita. The 67-acre campus includes 22 independent living villas, 164 independent living apartments, 62 assisted living apartments, 10 memory... Read More »

  • Receivership Sale of Standalone Memory Care Community Closes

    by | Dec 26, 2025 3:07 pm | Acquisitions

    Senior Living Investment Brokerage’s Southeast closings continued with the sale of Westminster Memory Care in Lexington, South Carolina. Built in 2020, the Class-A community features 48 units of memory care and high-end finishes. It is set on 6.3 acres, which provides an opportunity for expansion under new ownership. Also, at the time of the... Read More »

  • Active Adult Community Secures Freddie Mac Refinance

    by | Nov 26, 2025 12:44 pm | Financings

    An active adult community in Hurst, Texas, paid off its existing bank debt with a Freddie Mac refinance arranged by Berkadia. Heritage Village Residences was built in 2014 with 120 units, including 10 cottages. It was part of multiple acquisitions over the years, first in 2020 when Edison Equity Management Corporation bought it for $23.3 million... Read More »

Holiday people on the move

by | Jan 7, 2016 9:06 pm | Opinion

The HR department at Holiday Retirement must be pretty busy of late, with several key leadership changes to start the year. First, there was the announced departure of Kai Hsiao as CEO for personal health reasons, although Mr. Hsiao will stay involved as vice chairman of the company. Then, Holiday hired Lilly Donohue, who had spent the last four and a half years establishing a senior living business in Shanghai, China, as the new CEO. And finally, Shamim Wu, former Director of Sales at Holiday, left to become President and Chief Operating Officer of Silverado Senior Living, where she will bring together the company’s marketing, sales and operations under her management. Good luck to all in... Read More »

Arbor enters the seniors housing bridge lending game

by | Jun 17, 2015 8:50 am | Financings

With decades of experience in providing bridge loans for multifamily and commercial properties, Arbor Commercial Mortgage recently closed on its first bridge loan in the seniors housing industry, from its Arbor Realty Trust’s bridge loan product line. Jeff Ringwald of Arbor originated the $5.55 million bridge acquisition loan, which featured a three-year term and a floating rate spread 500 to 600 basis points over LIBOR, for Fields Senior Living to purchase an 88-unit independent living community in Medford, Oregon. The community was built in 1984 by Holiday Retirement Corporation and was owned and operated by the original financier for the project. Occupancy had dropped from near... Read More »

Another Holiday portfolio sells to a REIT

by | Apr 15, 2015 7:50 pm | Acquisitions

So goes another large portfolio of Holiday Retirement properties, with NorthStar Realty Finance’s acquisition of 32 independent living communities from affiliates of Harvest Facility Holdings, itself an affiliate of Holiday. The acquisition marks another step towards Holiday’s owner Fortress Investment Group’s goal of transforming Holiday into an operating company. In fact, since October 2013, Holiday has sold over 200 properties totaling about $5.1 billion. In that time, nearly all of those assets were sold to REITs, such as New Senior Investment Group, Sabra Health Care REIT, National Health Investors and Ventas, and that is no different in the most-recent transaction. NorthStar Realty... Read More »