• Sabra’s Q4 Deals Push 2025 New Investments to $450 Million

    Sabra Health Care REIT released its fourth quarter results. On a year-over-year basis, same-store cash NOI increased 12.6% for the fourth quarter of 2025, while the 2025 quarterly year-over-year average increase was 15.0%, inclusive of the stabilized facilities formerly operated by Holiday Retirement.  Its Q4 acquisitions brought the... Read More »
  • CareTrust Closes 2025 with 169 New Property Investments

    CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in... Read More »
  • Separate Sellers Divest in Florida

    Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders,... Read More »
  • Idaho IL/AL Community Receives HUD Financing

    Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan... Read More »
  • Welltower Releases Strong Results, Again

    Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%.  In the fourth quarter, the REIT saw 400 basis points of average occupancy... Read More »
HHC Finance Closes Three More HUD Refinances

HHC Finance Closes Three More HUD Refinances

Housing & Healthcare Finance (HHC Finance) is continuing to take advantage of historically low interest rates by arranging HUD refinances for its clients. The company’s most recent activity saw it secure three loans totaling more than $33 million for three senior care facilities.   There was a 100-bed skilled nursing facility in Delaware and two assisted living communities totaling close to 200 units in New Jersey (100 units) and New York (95 units). The refinances replaced existing HUD loans and extended the clients’ terms. HHC Finance also closed another $37 million in loan modifications for its (happy) clients.  Read More »
Housing & Healthcare Finance Announces HUD Activity

Housing & Healthcare Finance Announces HUD Activity

Housing & Healthcare Finance (HHC Finance) closed over $83 million in HUD loans during the month of February. The firm kicked off its activity with a $24 million loan for a large 280-bed skilled nursing facility in New Jersey. That was followed by two more HUD loans totaling $46 million closed for SNFs in Maryland and Illinois. Finally, HHC Finance took out previous HUD debt for a long-term customer in Connecticut with a new $13 million loan closed through the (a)7 program. Each loan came with interest rates in the low-2s and terms ranging from 30 to 35 years.  HHC Finance rounded out its February activity with over $115 million of loan modifications closed for clients in Missouri,... Read More »
HHC Finance Closes Three HUD Deals And Large Acquisition Financing

HHC Finance Closes Three HUD Deals And Large Acquisition Financing

Housing & Healthcare Finance (HHC Finance) arranged a trio of HUD loans this month, including a $14.5 million loan for a 120-bed skilled nursing facility in New York, a $14 million loan for a 170-bed SNF in Tennessee and a $6.5 million loan for another 120-bed SNF in New York. Each loan closed with a rate in the lower 2s and refinanced more expensive conventional debt.  Turning to HHC Finance’s Capital Advisory Group, led by Isaac Haas and Neil Gamss, the team had an active end to the year with $550 million in deals arranged in December alone. Most notably, Messrs. Haas and Gamss helped arrange acquisition financing for a skilled nursing portfolio in the... Read More »
HHC Finance Closes 15 HUD Loan Modifications

HHC Finance Closes 15 HUD Loan Modifications

Housing & Healthcare Finance (HHC Finance) has been hard at work securing HUD loan modifications for its clients. After all, why not accept a lower rate? The firm closed 15 modifications totaling over $220 million for skilled nursing and assisted living facilities in New York, New Jersey, Pennsylvania, Georgia, Florida, Kentucky, Illinois, and California.  HHC Finance followed that up with a $65 million HUD refinance, with a rate in the low-2s, for a 547-bed skilled nursing facility in New York. The transaction took out an existing HUD loan.  Read More »
HHC Finance Secures Several HUD Refinances

HHC Finance Secures Several HUD Refinances

Housing & Healthcare Finance (HHC Finance) is wrapping up HUD’s fiscal year with several transactions closed through the agency. First, the firm arranged a $19 million loan for a 200-bed skilled nursing facility in New York, then followed up with a $20 million HUD refinance of a 155-bed skilled nursing facility in Ohio.   Continuing with financing large SNFs, HHC Finance also closed a $22 million loan for a 225-bed facility in Ohio. All three facilities were built in the 1970s but have received numerous capital improvements over the years. Each HUD loan came with interest rates in the very low 2s. What a deal.  HHC Finance next closed a $6.8 million HUD supplemental loan for an... Read More »