• Bullish Move by Welltower

    by | Oct 29, 2025 9:29 am | Uncategorized

    Welltower has been a growth and M&A machine under the leadership of Shankh Mitra. As of October 27, the REIT has closed or has under contract close to $14 billion of pro rata gross investments across the U.S., Canada and the United Kingdom this year. These include more than 700 seniors housing properties with more than 46,000 units. Not too... Read More »

  • Welltower Shatters Single-Day Dollar Volume Record

    by | Oct 29, 2025 9:28 am | Acquisitions

    October was already on its way to setting records for M&A activity in the seniors housing and care industry before Welltower announced the most transaction dollar volume we have ever seen in a single day when it released its third quarter earnings. A couple of the largest portfolio acquisitions took place across the pond, but the REIT also... Read More »

  • South Carolina Portfolio Trades

    by | Oct 29, 2025 9:25 am | Acquisitions

    Newmark has hit a rich vein of activity, announcing several closings in the last few days. First, the team sold three communities across the Greenville, South Carolina, area on behalf of Atlas Senior Living. The communities were built between 2014 and 2016 and totaled 306 units, including 108 independent living, 144 assisted living and 54 memory... Read More »

  • Blueprint Closes in Kentucky and Colorado

    by | Oct 29, 2025 9:24 am | Acquisitions

    Blueprint has been adding to our record-breaking October M&A haul, announcing a couple of closings in the last week. First, Kyle Hallion handled another sale in his home state of Kentucky, this time on behalf of a local family owner/operator with deep ties to this asset’s local market. The senior care facility features 64 skilled nursing beds... Read More »

  • Southern California Communities Get New Owner

    by | Oct 29, 2025 9:23 am | Acquisitions, Financings

    Berkadia handled the sale and financing of two seniors housing communities in Southern California. The transaction included an 84-unit assisted living and memory care community in the San Diego suburbs and a 72-unit memory care community in the Los Angeles suburbs. These were older vintage properties with some Medicaid census but were very strong... Read More »
A HUD Debacle With SNFs?

A HUD Debacle With SNFs?

by | Jun 12, 2019 7:02 am | 60 Seconds, Opinion

One major default is used to blast a very profitable arm of the government. I don’t know if anyone noticed the June 3 lead article in The New York Times business section, but the reporter, Matthew Goldstein, should have talked to more people. One company, Rosewood Care Centers, defaulted on $146 million in loans secured by 13 skilled nursing and assisted living facilities in Illinois and Missouri. According to the story, it now demonstrates the “problems plaguing the HUD program.” Plaguing? Give me a break. Yes, it may have been likely that the buyer of these facilities in 2013 had few financing options given the two states’ reimbursement history, but that is one reason why HUD is supposed... Read More »
The Tale of Two SNFs

The Tale of Two SNFs

by | Jun 11, 2019 4:03 pm | Financings

Every now and then, there is a transaction that really highlights the two diverging skilled nursing markets. On the one side are the older, traditional SNFs that struggle with high Medicaid censuses, rising physical plant costs and shrinking operating margins, and often end up selling for under $50,000 per bed, or lower. Then, there are the newer, transitional care facilities that accept almost exclusively Medicare or private pay patients and feature more home- or even resort-like amenities. Two of these kinds of facilities just secured bridge financing from Berkadia valued at over $285,500 per bed. Imagine what price they would command in the M&A market. Jay Healy of Berkadia’s... Read More »
Lancaster Pollard Refinances Texas SNFs

Lancaster Pollard Refinances Texas SNFs

by | May 31, 2019 7:00 am | Financings

Four years on from their acquisition, four skilled nursing facilities owned by Summit Healthcare REIT refinanced through HUD, thanks to Jason Dopoulos of Lancaster Pollard. Located in Granbury, Woodville, Jacksonville, and Longview, Texas, Summit and its joint venture partner, Best Years, LLC, acquired the facilities in 2015 for $27 million, or $55,900 per bed. They were then leased back to the seller, a third-party operator. Fast forward to today, and Lancaster Pollard Mortgage Company provided $20.7 million in total HUD financing, the 17th completed deal closed for Summit by Lancaster Pollard. Totaling $120 million in par value, that’s a productive relationship. Read More »
Greystone Finances Southeast SNF Portfolio Acquisition

Greystone Finances Southeast SNF Portfolio Acquisition

by | May 21, 2019 3:56 pm | Financings

Fred Levine of Greystone successfully arranged bridge financing for the acquisition of seven skilled nursing facilities in the Southeast. Totaling 874 beds, the facilities are located in North Carolina (6) and Kentucky. Their new owner obtained a $71.92 million bridge loan with a 24-month term, two six-month extensions and no prepayment penalty. Greystone expects to eventually refinance the loan through HUD. Read More »
Merchants Capital Finances New Middle-Income Communities

Merchants Capital Finances New Middle-Income Communities

by | May 17, 2019 12:28 pm | Financings

A Midwestern developer of affordable and middle-income senior living communities, Wallick Communities, recently opened three assisted living communities in Ohio and obtained bridge financing to fund them through lease-up towards an eventual refinance with HUD. Merchants Capital, a division of Merchants Bank, arranged the nearly $50 million in bridge loans for the three developments. They include a 124-unit community in Cincinnati (which got a $13 million loan at a 24-month term), a 131-unit property in Columbus (with a 36-month $16 million loan) and a 124-unit community on the campus of another Wallick affordable senior living community in Hilliard (which obtained a $20 million loan for a... Read More »