• Eight Wisconsin Senior Care Assets Sell in Four Deals

    by | Nov 21, 2025 3:02 pm | Acquisitions

    Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The... Read More »

  • Public REIT Offloads SNFs Following Lease Non-Renewal

    by | Nov 21, 2025 2:48 pm | Acquisitions

    Blueprint started the fourth quarter well after selling a portfolio of skilled nursing facilities in Florida, California and Virginia, on behalf of a public REIT. The existing tenant elected not to renew its master lease, prompting the portfolio divesture. The first closing was completed in Florida for two high-quality SNFs. The two facilities... Read More »

  • Senior Care Owner/Operator Acquires AL Community

    by | Nov 21, 2025 2:45 pm | Acquisitions

    Dan Mahoney and Dillon Rudy of Blueprint were engaged by a Louisiana-based not-for-profit owner/operator to market a 40-unit assisted living community in the Inland Northwest region of Idaho. The property maintained a steady resident base and in-place HUD financing. The organization was divesting because the asset no longer geographically aligned... Read More »

  • Developer Divests to Capital Group

    by | Nov 21, 2025 2:42 pm | Acquisitions

    A Class-A seniors housing community near Wichita, Kansas, found a new owner thanks to Evans Senior Investments. The seller developed the community in 2014 and has operated it since then. There are 101 units of independent living, assisted living and memory care. Occupancy was consistent around 90%, and the operating margin was in the high-20s,... Read More »

  • Stellar Senior Living Finances Arizona Community

    by | Nov 21, 2025 2:40 pm | Acquisitions, Financings

    Marcus & Millichap arranged $22 million in financing for The Springs of Scottsdale, a 143-unit independent living community in Phoenix, Arizona. Paul Winterowd secured the financing with a national life insurance company on behalf of Stellar Senior Living. The sponsor secured a five-year loan at 60% loan-to-value, with a competitive interest... Read More »
KeyBank Announces Unitranche Loan Program with Welltower

KeyBank Announces Unitranche Loan Program with Welltower

by | Nov 2, 2021 4:13 pm | Financings

On the eve of NIC, KeyBank Real Estate Capital announced a new unitranche loan program with Welltower, Inc., and we hope it resulted in some meetings with curious potential clients. Entitled the Healthcare Real Estate Fund, it will total $750 million in lending capacity to provide first mortgage financing on seniors housing communities and skilled nursing facilities. Terms are expected to be between three and five years, with loan amounts ranging from $25 million to $75 million, approximately.  Since the unitranche loan blends senior and junior debt pricing and terms into a single first lien debt facility rather than creating two classes of debt and coordinating among multiple... Read More »
KeyBank Secures Financing For California SNF

KeyBank Secures Financing For California SNF

by | Jul 15, 2021 3:40 pm | Financings

Eagle Arc Partners, a healthcare real estate investment firm, received a $10.2 million fixed-rate loan from KeyBank Real Estate Capital through the Federal Housing Authority’s (FHA) 232/223(f) mortgage insurance program to refinance Livermore Healthcare in Livermore, CA.  Livermore Healthcare is a 30-unit, 83-bed skilled nursing facility. The property was built in 1966 and received minor improvements in 2019, including new vinyl flooring in various common area rooms and hallways. The loan has a fully amortizing 35-year term and will pay off an existing bridge loan. KeyBank provided the original acquisition financing for Eagle Arc’s acquisition of 35 total skilled nursing... Read More »
KeyBank Secures Financing For Six Heartis Properties

KeyBank Secures Financing For Six Heartis Properties

by | Jul 13, 2021 12:57 pm | Financings

KeyBank Real Estate Capital secured $105.9 million in financing to recapitalize a portfolio of six assisted living/memory care communities operating under the Heartis brand, on behalf of their owner, Caddis Partners. The financing structure consists of an $80 million syndicated senior credit facility and a $25.96 million mezzanine loan provided by an institutional partner. The portfolio has a combined 631 units and 642 total beds, including both assisted living and memory care services. Five Heartis properties are located in Clear Lake, Longview, San Antonio, Arlington and Waco, Texas, while the sixth property is located in Peoria, Illinois. This financing will allow for stabilization of... Read More »
Affordable Housing Deal Gets Multiple Financing Sources

Affordable Housing Deal Gets Multiple Financing Sources

by | May 28, 2021 9:28 am | Acquisitions, Financings

Community Preservation Partners and Hampstead Development Partners turned to KeyBank to secure capital to acquire and renovate an affordable senior apartment community in New Haven, Connecticut. Originally built in 1973, the Section 8 community consists of 121 units, split between 106 one-bedroom and 15 two-bedroom units. Plus, there is one ground-level retail bay, which includes a KeyBank branch, in the nine-story building. Going forward, the property will have a Housing Assistance Payments (HAP) Contract covering 112 units for 20 years, and the other nine units will also operate as tax-credit units.   KeyBank Community Development Lending and... Read More »
KeyBank Arranges Development Financing For Pennsylvania Property

KeyBank Arranges Development Financing For Pennsylvania Property

by | Apr 1, 2021 6:39 pm | Developments, Financings

A new affordable senior apartment community in Canonsburg, Pennsylvania is going ahead thanks to a couple of financing options arranged and provided by KeyBank Community Development Lending. MVAH Partners, LLC, the project’s developer, will both convert a vacant former elementary school and add to the building at an estimated cost of $14.8 million. By the spring of 2022, there will be 42 units of low-income seniors housing and eight market-rate units.  Blueprints, a not-for-profit organization focused on services for low-income seniors, is partnering with MVAH on the project. To fund it, KeyBank provided an $11 million construction loan and arranged $12 million of 9% LIHTC... Read More »