• Brookdale Boosts Short Term Stability

    Brookdale Senior Living completed a series of financing transactions totaling approximately $600 million that refinanced all of its remaining 2026 mortgage debt and maturities, around $350 million, and a portion of 2027 mortgage debt maturities, approximately $200 million. The company also secured more fixed-rate debt, helping to cut rate risk.... Read More »
  • Ikaria Announces $1 Billion in Q4 Volume

    Ikaria Capital Group closed out a successful 2025, announcing several significant transactions in the fourth quarter that exceeded $1 billion in volume. The activity comprises financings in the seniors housing, skilled nursing and behavioral health sectors across multiple states and borrowers.  The largest deal was a $595.5 million senior... Read More »
  • PE Group Enters Oklahoma after Medicaid Rate Bump

    A skilled nursing facility in Oklahoma that recently benefited from the state’s Medicaid rate bump sold to a national private equity firm looking to enter the state. Built in 1967, Maplewood Care Center features 180 beds on over three acres in Tulsa. It is located close to several major hospitals and healthcare campuses, but occupancy was sitting... Read More »
  • Community Purchased through HUD Assumption

    Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds,... Read More »
  • The Zett Group Rounds Out Q4

    The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by... Read More »
The Future of Medicaid Block Grants

The Future of Medicaid Block Grants

Our editor Steve Monroe moderated a webinar on June 8 called “Skilled Nursing Reimbursement Under Trump Care” with panelists Joshua Jandris of IPA Seniors Housing and Marc Zimmet of Zimmet Healthcare Services Group, where they discussed Medicare reimbursement changes, the future of Medicaid managed care plans and the next shoe to drop on the reimbursement front under a Trump administration. If you are interested in hearing the 90-minute discussion, you can purchase the webinar here. During the webinar, Mr. Monroe brought in the audience to voice their opinion too, and here are the results: Do you think Medicare SNF payments should basically fund the shortfall of Medicaid payments, such as... Read More »
A Not-for-Profit’s Skilled Nursing Saga

A Not-for-Profit’s Skilled Nursing Saga

After several years of operational difficulties and financial losses, a not-for-profit owner is selling its 75-bed skilled nursing facility in Odessa, Texas, with the help of Charles Hilding, Ryan Fleming, Mark Myers and Joshua Jandris of IPA Seniors Housing. The facility, which we believe to be on the older side, hadn’t always been a financial drain. In fact, as recently as 2014, it generated revenues of over $3 million and operated at a 10% margin. However, ownership extensively renovated the building in 2015/16, which required the closure of a wing. The project hit both operations and the owner’s liquidity hard, prompting the sale. The buyer, Trinity Healthcare, assumed operations in... Read More »
IPA Seniors Housing’s High Quality Sale

IPA Seniors Housing’s High Quality Sale

We hope the team of Mark Myers and Joshua Jandris from IPA Seniors Housing had a big celebratory dinner in San Diego for their latest skilled nursing transaction, which involved seven facilities and 1,456 total licensed beds. Called “The McGuire Portfolio,” these facilities are located mainly in the Buffalo, New York area (five), with one in East Patchogue, Long Island and one in Warren, Michigan. The Warren facility was the largest with 297 beds, while the others range from 153 to 216 beds. Occupancy was the lowest at the Michigan facility (at 90%), but was consistent at around 96% across the rest of the portfolio, which averaged roughly 35 years old. The portfolio was made more... Read More »