• Sabra Health Care REIT Picks Up the Transaction Pace

    Sabra Health Care REIT is ramping up its senior care M&A activity and its SHOP exposure, set to exceed the $1 billion in investments it spent in 2025. The REIT completed several transactions during the first quarter, with investments closed year to date totaling $206.1 million, with an estimated initial cash yield of 8.0%. The pipeline... Read More »
  • Clarion Partners Continues Growing

    Clarion Partners is continuing on its acquisition streak, adding Legacy House of Avondale to its portfolio. The 169-unit Class-A assisted living/memory care community is in the Phoenix, Arizona MSA, with a strong operational footing. Clarion Partners further expanded its relationship with MorningStar Senior Living through the deal, partnering... Read More »
  • Blueprint Handles Virginia Deal

    A publicly traded company engaged Blueprint to sell a value-add independent living community in a growing submarket of Richmond, Virginia. Built in 1987, the 122-unit community could benefit from investments in the physical plant. It was also not stabilized.  A competitive market generated multiple bids in multiple rounds and improved... Read More »
  • Public REIT Acquires Full-Continuum Communities

    A pair of full-continuum seniors housing communities that sit approximately 10 miles apart traded in Northwest Arkansas. Village on the Park Bentonville in Bentonville and Village on the Park Rogers in Rogers offer a total of 208 independent living, assisted living and memory care units. Each community also offers contiguous land for further... Read More »
  • VIUM Capital Leads HUD LEAN Mid-Year Rankings

    HUD’s fiscal year 2026 hit the halfway point on March 31, and so far VIUM Capital is leading the way in closed 232 loans and by total loan volume with 41 transactions and $598.0 million in volume, respectively. That represents 22% of the program’s closed loans in the first half of the fiscal year and 19% of the total volume. And 32 of VIUM’s HUD... Read More »
The HUD Doors Are Still Open

The HUD Doors Are Still Open

One thing to come out of the coronavirus crisis (among many things) has been record-low interest rates, with the 10-year Treasury yield falling as low as 0.318% on March 9 and the federal funds rate being cut to 0-0.25%. It has been in the federal government’s interest to maintain liquidity in the market, as much as possible, so how has that policy affected HUD lending in the senior care industry? We asked Michael Gehl of Housing & Healthcare Finance a few questions, and here are his answers:  1) First question is, is HUD still doing business?  Yes, HUD is still doing business, as you can imagine a number of people are working from home, which does create its challenges not... Read More »
HHC Finance’s Bridge Lending Program Takes Off

HHC Finance’s Bridge Lending Program Takes Off

Housing and Healthcare Finance’s (HHC Finance) Capital Advisory Group closed an impressive number of bridge loans lately, totaling $185 million across 12 transactions in the last several months. The team, led by Isaac Haas and Neil Gamss, spread out across the country to get the deals done in North Carolina, California, Ohio, Pennsylvania, Maryland, Florida, New York and Alabama. The largest transaction involved a two-skilled nursing facility portfolio in California receiving a $50 million loan. HHC Finance’s Elan Magence joined Messrs. Haas and Gamss to arrange the transaction. On top of that busy period of bridge lending, HHC Finance closed an $11 million HUD refinance of a 100-bed... Read More »
Austin-Area Assisted Living Gets HUD Financing

Austin-Area Assisted Living Gets HUD Financing

An experienced ownership group went through Housing and Healthcare Finance (HHC Finance) to refinance its conventional debt on its 32-unit assisted living/memory care community in Kyle, Texas. Located about 15 miles south of Austin, the community was built in 2014 (around when development was especially heating up in certain markets in Texas) and currently operates at occupancy in the mid-90s. It had in-place, higher rate and shorter term conventional and subordinated debt but was able to replace it with a $4.86 million HUD loan, arranged by HHC Finance.  Read More »
HHC Finance’s Capital Advisory Group Hits $1 Billion

HHC Finance’s Capital Advisory Group Hits $1 Billion

Housing and Healthcare Finance’s (HHC Finance) Capital Advisory Group just crossed the $1 billion mark in loans closed since its inception a little over two years ago. Pushing the group over the edge were a couple of bridge loans arranged by Isaac Haas and Neil Gamss. The pair first structured a $12.2 million loan for two assisted living communities in Michigan, and then arranged a $6.0 million loan for a skilled nursing facility in Kentucky. The financings came with relatively low leverages and were arranged on behalf of a couple of experienced borrowers. Read More »
HHC Finance Firing on All Cylinders

HHC Finance Firing on All Cylinders

Housing and Healthcare Finance (HHC Finance) was busy in February, closing three HUD transactions for nearly $43.7 million in business. First, in Nassau County, New York, a 218-bed/95-unit assisted living community obtained a $23 million loan with an interest rate in the low 3s. Built in 1960, the building had operated as a long-term psychiatric care facility until it was purchased by the current owner in 2001. Over the next three years, the owner, which has owned and/or operated several senior care facilities in the New York City area, invested $12 million in renovations and converted the property to a low-income assisted living community. Now with the current HUD refinance, the borrower... Read More »