• Frank Cassidy Officially Nominated as FHA Commissioner

    by | Aug 14, 2025 11:23 am | Financings

    Frank Cassidy, most recently a Walker & Dunlop senior managing director of Federal Housing Administration (FHA) Finance where he originated loans for multifamily, nursing home and seniors housing properties, has been officially nominated by President Trump as Assistant Secretary of Housing and Federal Housing Commissioner at the HUD. He... Read More »

  • Local Operator Acquires Vacant Seniors Housing Community

    by | Aug 14, 2025 11:20 am | Acquisitions

    Senior Living Investment Brokerage facilitated the sale of a recently renovated, vacant seniors housing community in Sandy, Oregon. Built in 1962 and renovated in 2022, Mount Hood Senior Living features 44 assisted living and memory care units with 50 beds. It is situated on a 2.35-acre campus with 26,000 square feet.  This was the seller’s only... Read More »

  • Ohio IL Community Trades for Value-Add AL Conversion

    by | Aug 14, 2025 11:19 am | Acquisitions

    Blueprint was engaged in the sale of a 110-unit seniors housing community in Perrysburg, Ohio. It operated as an independent living community, but was positioned for conversion to assisted living, with a focus on serving waiver-eligible residents. Ben Firestone, Connor Doherty and Ryan Kelly handled the transaction. A buyer with a proven track... Read More »

  • Acquisition Financing Arranged for Regional Owner/Operator

    by | Aug 14, 2025 11:18 am | Acquisitions, Financings

    Ziegler announced its role as the capital structure advisor and hedge advisor in the placement of a $52.5 million acquisition loan on behalf of a regional owner/operator. The acquisition financing was used to acquire five enhanced independent living communities in Michigan. The portfolio surrounds the Detroit, Michigan MSA, and has a total of 631... Read More »

  • Oregon AL Community Secures HUD Refinance

    by | Aug 14, 2025 11:16 am | Financings

    In May 2025, Berkadia closed a $7.6 million 232/223f HUD loan to refinance Whitewood Gardens, a 39-unit assisted living community built in 2013 in Portland, Oregon. The fully amortizing, 35-year term represents 78% LTV and allowed the sponsor to avoid a loan maturity.  Ed Williams and Rob Affleck handled the transaction. Early in the... Read More »
CareTrust REIT’s Central Valley Expansion

CareTrust REIT’s Central Valley Expansion

by | Oct 3, 2019 3:32 pm | Acquisitions

CareTrust REIT made a major expansion into California’s Central Valley, acquiring two senior care facilities in a pair of off-market transactions. The targets were a 70-bed skilled nursing facility in Modesto, and a senior care campus in Sacramento with 99 skilled nursing bed and 72 assisted living units. Both were leased to an existing CareTrust tenant, Kalesta Healthcare, LLC, under a master lease with about 14 years left on the initial term. There are also two five-year renewal options. Scheduled cash rent for the first two years is expected to be about $3.9 million with CPI-based escalators thereafter. CareTrust also committed to provide a revenue-producing $1.0 million fund for... Read More »