• Locust Point Raises Large Credit Fund

    by | Jun 17, 2025 3:23 pm | Uncategorized

    Locust Point Capital announced the final close of its third seniors housing credit fund, and it topped the firm’s predecessor vehicle by 56%. That performance reflected strong interest from the firm’s existing limited partners, as well as from a group of new institutional investors.  Locust Point Private Credit Fund III totaled $668 million... Read More »

  • Minneapolis-Based Investor Acquires in Wisconsin

    by | Jun 17, 2025 3:20 pm | Acquisitions

    Bob Richards and Chad Wegner of Senior Care Realty facilitated the sale of a two-property seniors housing portfolio in Madison, Wisconsin, on behalf of a Dane County-based seller. The portfolio included two newer-vintage assisted living/memory care communities, comprising 66 units and 72 beds, operating under an all-private-pay model.  At... Read More »

  • Publicly Traded Healthcare REIT Grows in South Carolina

    by | Jun 17, 2025 3:19 pm | Acquisitions

    An institutional private equity seller engaged Blueprint in its sale of a senior care community in Greenville, South Carolina. The Gables comprises a three-story assisted living and memory care building and an adjoining skilled nursing component with private pay and Medicare occupants. The community was experiencing a strong recovery and was... Read More »

  • Regional Bank Funds Illinois SNF Deal

    by | Jun 17, 2025 3:18 pm | Financings

    Jeremy Warren of Montgomery Intermediary Group had to utilize some creativity to close an acquisition loan for a skilled nursing facility in southern Illinois. Owned by a highly motivated seller, the 50+ year old facility features 112 beds. That seller was unable to provide official financial statements for the facility, making finding a lender... Read More »

  • 60 Seconds with Swett: HUD’s Express Lane and M&A

    by | Jun 17, 2025 2:22 pm | 60 Seconds

    We’re not used to sensible reforms coming out of Washington, D.C., but HUD has just come out with a new “Express Lane” for the Section 232 Residential Care Facilities program. Obviously, we don’t want any facilities or borrowers that shouldn’t receive a loan to slip through the cracks, not that you can always predict a future disaster. But so... Read More »
Griffin American Goes To Wisconsin

Griffin American Goes To Wisconsin

by | Mar 9, 2018 7:01 am | Acquisitions

Griffin-American Healthcare REIT IV gained a foothold in the state of Wisconsin by acquiring two senior care facilities that include independent living, assisted living and also skilled nursing beds. Located in the Madison suburbs of Waunakee and Sun Prairie, the facilities total 254 beds, with the seniors housing portion featuring 100% private pay, and the skilled nursing portion having a 67% quality mix. In addition, nearly $10 million in renovations have been completed at the properties since 2006. Griffin-American purchased the facilities for $22.6 million, or about $89,000 per bed, and leased them to Integro Healthcare Consulting under an absolute net master lease structure through... Read More »
Divest in the Southwest

Divest in the Southwest

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

A joint venture between Westport Capital Partners and Integro Healthcare Consulting is swapping two seniors housing assets located in the Southwest. First, in Santa Fe, New Mexico, the JV is selling a 99-unit independent living/assisted living community with a checkered past to Sabra Health Care REIT for $22 million, or about $220,000 per unit. In addition, there are 46 individually-owned condos. Originally conceived as an IL for-sale condominium complex geared towards those in the LGBT community, the property opened in 2008 during the Great Recession, and had a difficult time leasing up under inexperienced ownership. The joint venture between Westport Capital Partners and Integro... Read More »