• LTC Properties Divests More SNFs

    by | Oct 23, 2025 12:47 pm | Acquisitions

    LTC Properties has completed its effort to divest seven skilled nursing facilities after one of its top 10 operating partners decided it was not renewing its master lease for these facilities, instead choosing to downsize and exit some states. In early October, the REIT announced that it sold two of the skilled nursing facilities in Florida for... Read More »

  • PE Firm Divests to Cedarhurst Senior Living

    by | Oct 23, 2025 12:47 pm | Acquisitions

    Cedarhurst Senior Living announced that it acquired The Enclave of East Louisville, now known as Cedarhurst of East Louisville. The Class-A Kentucky community delivered strong occupancy and stable margins, and there is potential to increase the property’s NOI in the short term. Built in 2012, it features 56 assisted living and 24 memory care... Read More »

  • Northeast Owner/Operator Expands in Pennsylvania

    by | Oct 23, 2025 12:46 pm | Acquisitions

    A personal care home in Pennsylvania was sold with the help of Jeff Binder, Bradley Clousing, Dan Geraghty, Dave Balow and Lucas Doll of Senior Living Investment Brokerage. It was built in 1998 and sits within the Pittsburgh metropolitan area. The seller was a national owner/operator that deemed the property to no longer fit in its long-term... Read More »

  • Benchmark Senior Living Adds to Its Garden State Portfolio

    by | Oct 23, 2025 12:45 pm | Acquisitions

    In its joint venture with the vertically integrated real estate investment firm National Development, Benchmark Senior Living continues to grow through single-asset deals, adding another New Jersey property to its portfolio. Benchmark acquired Arbor Terrace Roseland, a 85-unit assisted living/memory care community in Roseland, New Jersey, about... Read More »

  • MidCap Financial and CBRE Originate Refinance

    by | Oct 23, 2025 12:44 pm | Financings

    MidCap Financial closed a $17.5 million first mortgage loan. The floating rate loan refinanced the existing indebtedness on a stabilized Class-A seniors housing community in the Boise, Idaho, market. The property in Meridian is owned by experienced real estate company Gold Stream Retirement Communities, and it is managed by Grace Management,... Read More »

Build it and they will come

by | Sep 16, 2015 8:30 am | Developments, Financings

If your marketing team presells 75% of all units within two months of initiating pre-sales (and that number nears 95% pre-sold just after groundbreaking), then you clearly did your homework in determining local demand. Either that or what you offer is just better than any competitor around you. That is what Greenbrier Development has experienced as it breaks ground on Phase II on Beacon Hill at Eastgate, a CCRC in Grand Rapids, Michigan. First opened in 2010 with 114 independent living units, 40 assisted living units, 35 memory care units, 29 skilled nursing beds and 20 rental apartments, Beacon Hill filled to 95% occupancy within just two years. Now, Greenbrier is adding 56 independent... Read More »