• Joint Venture Acquires Four AL/MC Communities

    Following an active year of M&A with five separate deals totaling 21 properties, Stacked Stone Ventures has kicked off its 2026 growth with a portfolio acquisition in the Southeast. In a joint venture with Praxis Capital and an undisclosed family office, Stacked Stone, which was founded by Kent Eikanas, bought four assisted living/memory care... Read More »
  • Another Publicly Traded REIT Joins the M&A Mix

    Another well-capitalized institutional player is stepping into the seniors housing fray, adding fuel to an already aggressive bidding environment. And based on its initial acquisitions, with one closed at more than $1 million per unit, the target seems to be high-quality assets. Prices are rising fast in that segment, and as the buyer pool... Read More »
  • Distressed AL/MC Community Gets New Owner

    Scott Frazier, Kory Buzin and Steve Thomes of Blueprint advised a special servicer in the seniors housing sector on the sale of Spanish Vines, a well-maintained assisted living/memory care community. It sits in a densely populated Pocket-Greenhaven neighborhood of southwest Sacramento, California. The 88-unit community was generating negative... Read More »
  • Underperforming Community Sells and Secures Financing

    A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts,... Read More »
  • Standalone MC Communities Secure Acquisition Financing

    Berkadia recently announced three financings on behalf of three different sponsors. In one of the closings, Steve Muth and Ed Williams arranged $25.8 million in acquisition financing for Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. The bridge financing was provided through Berkadia’s Proprietary Lending... Read More »
ISL Assumes Operations of Six Midwest Communities

ISL Assumes Operations of Six Midwest Communities

Integral Senior Living has assumed the operations of five new seniors housing communities in Indiana and one in Michigan. The communities are owned by Griffin-American Healthcare REIT III, Inc. Meridian Senior Living previously managed these communities. Along with this announcement, Adam Parton has been named as regional vice president of Operations and Brandy Ross as regional director of Sales and Management. Mr. Parton has decades of successful experience managing seniors housing communities and brings knowledge and expertise of the Midwestern market to this role. Ms. Ross also has years of experience growing and managing seniors housing communities in the Midwest, previously serving in... Read More »
Integral Senior Living Adds Nine Communities

Integral Senior Living Adds Nine Communities

Integral Senior Living (ISL) assumed the operations of nine senior communities as of August 1. The communities are diversified across seven states. Caddis owns two of the communities in Georgia (both operating under the Heartis brand), Steadfast Companies owns a property each in California and Kentucky, Investcor Development owns one in Nevada, and Imprint Property Group owns four of the communities: two in Oklahoma, one in Kansas and one in Colorado. ISL, a California based operator, maintains over 89 independent living, assisted living, and memory care locations across 23 states. It is not just in growth mode, as the company recently sold the operations of The Shores at Clear Lake in... Read More »
KeyBank Plays Key Role In Record Oregon Acquisition

KeyBank Plays Key Role In Record Oregon Acquisition

A few weeks ago, we reported the closing of the highest-priced single-asset seniors housing sale in the state of Oregon. Now, we’ve learned that KeyBank Real Estate Capital financed it with a $63.2 million Freddie Mac loan, which Charlie Shoop arranged with a fixed rate, 10-year term, four years of interest only and a 30-year amortization period. Blueprint Healthcare Real Estate Advisors handled the sale on behalf of the original developer/owner, eventually securing a $92 million, or $321,700 per unit, purchase price from the buyer, Strategic Student & Senior Housing Trust. That represented a 6.4% cap rate based on estimated trailing EBITDAR. Integral Senior Living, the property’s... Read More »
Blueprint Handles Record Sale In Oregon

Blueprint Handles Record Sale In Oregon

We just recorded the highest-priced single-asset seniors housing sale in the state of Oregon, in a transaction handled by Blueprint Healthcare Real Estate Advisors’ Dan Mahoney, Jacob Gehl and Blake Bozett. The target is located in Portland and was originally developed in 1992 by the current seller. Also renovated in 2000, the community features 286 units of independent living, assisted living and memory care. Integral Senior Living has managed it since 2011, and managed it well, apparently, as it was 94% occupied with a 100% private pay census. We have also estimated it operated at a roughly 45% margin on approximately $13 million of in-place revenues. Strategic Student & Senior... Read More »
CBRE Closes Five Financings

CBRE Closes Five Financings

Aron Will of CBRE showed off his strength and variety this month, closing five transactions so far in May. First was a $10.2 million Freddie Mac loan arranged on behalf of Chicago Pacific Founders to acquire a 100-unit independent living/assisted living community in Easley, South Carolina. The loan came with a seven-year floating-rate term and 42 months of interest only. Mr. Will also arranged acquisition financing for a global investment manager for its purchase of two assisted living/memory care communities in Cincinnati, Ohio and Salt Lake City, Utah. Both were originally developed by CA Ventures in partnership with another institutional equity partner and Senior Lifestyle Corporation.... Read More »