• Regional Owner/Operator Enters New State

    A regional owner/operator looking to enter the state of Indiana acquired Smith Farms Manor, an independent living community in Auburn, about 30 miles south of the Michigan border. Built in 1998, the community features 51 units and is well maintained. It sits on an attractive four-acre campus down the street from Parkview DeKalb Hospital and off... Read More »
  • Skilled Nursing Portfolio Gets New Operator

    Evans Senior Investments secured a new lease for a skilled nursing portfolio in Tennessee on behalf of an institutional owner. The portfolio features four assets and was operating below 70% occupancy with margins under 10%. Despite that performance, ESI secured a lease $3 million above in-place cash flow, reflecting the operational upside that... Read More »
  • Seniors Housing and Care M&A Remains Elevated in Q1:26

    The number of publicly announced seniors housing and care acquisitions in the first quarter of 2026 reached 231 deals, based on new acquisition data from LevinPro LTC. This represents a 19.8% decrease from the 288 transactions disclosed in the fourth quarter of 2025, but a 25.5% increase from the 184 deals in Q1:25.   “It was always going... Read More »
  • Clarion Acquires Again in Colorado

    Two years after opening a 160-unit seniors housing community in Centennial, Colorado (Denver MSA), MorningStar Senior Living announced an expanding relationship with Clarion Partners, a leading real estate investment company and specialty investment manager of Franklin Templeton, in its acquisition of MorningStar at Holly Park. The community... Read More »
  • Brookdale’s Summer Test Ahead

    Brookdale Senior Living reported its March occupancy results, and it unfortunately took another step in the wrong direction. We will get a better read when peers report first-quarter results and when NIC MAP releases its next tranche of occupancy data, but at this point, it seems as though Brookdale will need a particularly strong performance... Read More »
SentosaCare Refinances in Staten Island

SentosaCare Refinances in Staten Island

Following up on a bridge loan it closed a couple of years ago, Greystone successfully refinanced a 238-bed skilled nursing facility in Staten Island, New York. Owned by SentosaCare, the facility has a five-star rating from CMS and offers services that include long-term care, physical therapy, occupational and speech therapy, and neuro and orthopedic rehabilitation. Two years prior, Greystone had arranged a bridge loan for the facility, which it will take out with a $20.66 million, 35-year HUD loan. Fred Levine originated the transaction. Read More »
Cohen Financial Closes Michigan Financing

Cohen Financial Closes Michigan Financing

In northern Michigan, Cohen Financial, a division of SunTrust Bank, arranged more than $4.1 million in HUD financing for an assisted living community in the town of Alma. The 41-unit community is owned and operated by Grand Rapids-based Leisure Living Management, and as recently as 2013, it added a 12-bed memory care unit to its services. On behalf of the community, Cathy Bronkema, managing director of Cohen Financial’s Grand Rapids office, and Joshua Hausfeld, managing director of SunTrust CRE Seniors Housing & Healthcare Finance, secured a fixed-rate $4.116 million loan, with a 35-year term and 35-year amortization schedule. Read More »
$196 Million HUD Refinance Closed By Harborview Capital Partners

$196 Million HUD Refinance Closed By Harborview Capital Partners

Harborview Capital Partners arranged a $196 million HUD refinance for a portfolio of 13 skilled nursing facilities and assisted living communities. Comprising 1,700 licensed beds, the portfolio is owned by a large regional operator. To replace the existing short-term debt, Ephraim and Jonathan Kutner of Harborview arranged multiple loans with 30 and 35-year terms, adding up to the $196 million. Read More »
Cambridge Realty Capital Completes Illinois HUD Refinance

Cambridge Realty Capital Completes Illinois HUD Refinance

After Cambridge Realty Capital Companies announced that it funded a $32.75 million acquisition loan through HUD for a 211-unit affordable seniors housing property in Baltimore, Maryland, the firm followed up by refinancing a 162-bed skilled nursing facility in Glenwood, Illinois, also going through HUD. The owner, an Illinois limited liability company, obtained an $11.6 million loan, with a fully amortizing 30-year term. Located about 30 minutes outside of Chicago, the facility features a short-term rehab unit for Medicare and private insurance patients, and dialysis services, in addition to providing long-term care. Read More »
Capital One Refinances Massachusetts Skilled Nursing Portfolio

Capital One Refinances Massachusetts Skilled Nursing Portfolio

Just 18 months after they were purchased, three skilled nursing facilities in Massachusetts refinanced through HUD, with the help of Joshua Rosen of Capital One. The 2016 transaction involved these three facilities in Chelsea (195 beds), Fall River (152 beds) and Brockton (169 beds). There was a fourth facility involved in the sale that is not being refinanced in this transaction. Two principals who are experienced owner/operators of SNFs mainly in the Midwest ended up as the buyers, financing that deal with bank debt. Now, through Capital One, they received three fixed-rate loans, each with a 35-year term, totaling $47.2 million through HUD to refinance the portfolio. Read More »