• Berkadia Handles Detroit-Area Deal

    Berkadia closed the sale of Oakleigh of Macomb, an 85-unit assisted living/memory care community in Macomb, Michigan (Detroit MSA). Built in 2019, the community has 55 assisted living and 30 memory care units. It was 91% occupied, so given its vintage and performance, we imagine it attracted significant investor interest. Berkadia represented the... Read More »
  • Developer Divests MC Communities to Kalesta Healthcare

    G Capital helped facilitate the sale of two memory care communities in Silicon Valley in an off-market transaction. Calson Management, a developer/operator based in Vacaville, California, had acquired Silver Oaks Memory Care in Menlo Park and Crescent Oaks Memory Care in Sunnyvale several years ago as value-add opportunities. The firm... Read More »
  • Minnesota Portfolio Secures Bridge-to-HUD Refinance

    Greystone refinanced a portfolio of small seniors housing communities in Minnesota. The five properties consist of 153 total beds, with 97 assisted living and 56 memory care beds. They are located throughout the Minneapolis/St. Paul metro area and are managed by an experienced regional operator. They have benefited from consistent rate growth in... Read More »
  • Live Oak Bank Closes Acquisition Financing

    Live Oak Bank closed a $24.3 million acquisition financing for an independent living community in St. Peters, Missouri. The community was acquired by Unbridled Living through a fund backed by Unbridled Living and its capital partner, Providence Capital Group. The fund is Providence Senior Lending Fund LP. The loan has an initial term of three... Read More »
  • NYC Skilled Nursing Facility Receives Working Capital Financing

    MONTICELLOAM, LLC and firm affiliates provided $84 million in combined bridge and working capital financing to a skilled nursing facility in New York City. The 280-bed facility was owned by a returning MONTICELLOAM client with a portfolio of more than 20 healthcare properties. It is expanding its presence in the New York area.  The... Read More »
Evans Senior Investments Launches Senior Living Marketing Venture

Evans Senior Investments Launches Senior Living Marketing Venture

If the seniors housing industry is ever going to emerge from its current census slump, then rigorous and modern marketing efforts seem like a great way to start. However, many small regional operators and mom & pops have barely left the 20th century in their marketing strategies, and their websites show it. The truth is that they may have been operating just fine for years, but with a lot of new competition and a more tech-savvy clientele, that may not be an option anymore. And they will continue to lose out to the larger, national operators that can afford a comprehensive and state-of-the-art marketing strategy. Also, for the industry as a whole, better marketing can also improve... Read More »