• Value-Add AL/MC Community Trades

    by | May 21, 2026 2:37 pm | Acquisitions

    An institutional owner decided to divest a non-core asset, and engaged Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage to run the sale process. The asset is located in Hillsboro, Oregon (Portland MSA), and features 36 assisted living and memory care units, with 62 licensed beds. It was built in... Read More »

  • Brookdale Divests California Community to Public REIT

    by | May 21, 2026 2:36 pm | Acquisitions

    Blueprint was engaged by an institutional, national owner/operator in the strategic disposition of a large rental CCRC in Bakersfield, California. The 20-acre campus was developed in 1999 and provides the whole continuum of care, including independent living, assisted living, memory care and skilled nursing across three large buildings and... Read More »

  • Two Midwest Assets Trade

    by | May 21, 2026 2:34 pm | Acquisitions

    A couple of seniors housing communities traded in the Midwest, selling to a couple of growing owner/operators. First, in the Indianapolis area, The Kiser Group’s Mark Myers and SVN | Senior Living Advisors’ John Klement led the sale of a 157-unit seniors housing community featuring a mix of independent living, assisted living and memory care... Read More »

  • Assisted Living Portfolio Closes in Wisconsin

    by | May 21, 2026 2:33 pm | Acquisitions

    Bob Richards of Senior Care Realty recently completed the sale of a five-property assisted living portfolio in Wisconsin, closing the deal in multiple tranches. Richards had worked with the seller, AC Capital, for 15 years, helping them grow their portfolio over the years. AC Capital also has self-managed the communities for the last decade. Now,... Read More »

  • 60 Seconds with Swett: Here We Go Again

    by | May 20, 2026 8:33 am | 60 Seconds, Opinion

    AARP just published a report on assisted living, and all I can say is, here we go again. It concludes that “the state of assisted living today is cause for concern for many stakeholders. The lack of national federal standards for care centers creates an underregulated space.” It continues on, stating that the “absence of national oversight,... Read More »
Meridian in Massachusetts

Meridian in Massachusetts

by | Jan 18, 2017 8:30 am | Acquisitions, Financings

New York City-based Meridian Capital Group is helping an undisclosed buyer with the purchase of three skilled nursing facilities and one assisted living community in Massachusetts. Led by Ari Adlerstein, Ari Dobkin and Josh Simpson, the firm arranged a two-year $64 million bridge-to-HUD loan, provided by a finance company, with a full-term of interest-only payments. Plus, with an additional $5 million earn-out feature, the financing comes to 90% loan-to-cost, pushing the acquisition cost up to an estimated $76.7 million. Read More »

HHC’s Fitting Finale

by | Jan 4, 2017 8:00 am | Financings

Housing & Healthcare Finance (HHC) finished the year with over $25 million in two more HUD transactions. First, for a portfolio of five Texas skilled nursing facilities all built between 1960 and 1985 and owned by an experienced operator, HHC closed five loans totaling $21.2 million. The financing, with interest rates in the low 3s, will help fund needed repairs across the portfolio. And then, HHC arranged $5.6 million, also with an interest rate in the low 3s, for a 94-bed skilled nursing/memory care facility in California. Built in 1964, the facility was also owned by an experienced operator. Read More »
No community left behind

No community left behind

by | Nov 17, 2016 8:37 pm | Financings

Capital One went back to a former client to close a HUD loan modification, taking advantage of the low-interest rate environment while they can (looking at you Mr. President-elect). A few years ago, the team at Capital One refinanced a portfolio of properties owned by Terrace Communities, which included a 15-year old, 71-unit assisted living/memory care community in Tequesta, Florida. However, because of a timing difference, that property closed with a higher interest rate than the rest of the portfolio. So Carolyn Whatley of Capital One went through HUD’s loan modification program to reduce the community’s interest rate. The non-recourse fixed-rate loan has over 32 years remaining on the... Read More »
Harborview hits a triple

Harborview hits a triple

by | Nov 11, 2016 8:30 am | Financings

In three separate transactions, Harborview Capital Partners closed over $40 million in financing and showed off its variety of services in turn. Ephraim Kutner and Jonathan Kutner of the commercial real estate finance, equity and advisory firm first arranged a $10.6 million HUD loan with a 30-year term on behalf of a Chicago-based borrower to refinance a 115-bed assisted living community in St. Paul Minnesota. Harborview also closed two bank loans. One, led by Jonathan Kutner and David Chiger, involved a $16 million refinance of an Illinois skilled nursing facility. The five-year loan will pay off existing debt and provide cash-out proceeds to the Chicago-based borrower. And then Jonathan... Read More »

2016 HUD Rankings

by | Nov 8, 2016 6:39 pm | Financings

We reported a few weeks ago that Lancaster Pollard was the most active HUD 232 LEAN lender with 60 transactions with a total value of $554.4 million, but KeyBank was close behind at 54 loans worth $521.8 million. In third place was Housing & Healthcare Finance with 28 deals and $355.9 million. HHC also closed the largest loan of the fiscal year, an $80.7 million loan on a 520-bed skilled nursing facility in New York. Berkadia Commercial Mortgage came next with 26 deals worth $180.5 million and Capital Funding followed them with 21 financings worth $261.0 million, including the second-largest closing of the year: a $43.4 million loan for a 314-bed skilled nursing facility in New York.... Read More »