• ESI Closes Two SNF Deals

    by | Nov 13, 2025 4:10 pm | Acquisitions

    Evans Senior Investments handled a sale on behalf of an institutional owner/operator in California. The 64-bed skilled nursing facility is in California. The ultimate buyer was also based in California and entered into a new long-term lease agreement with Sun Mar Healthcare, a regional operator with a portfolio of skilled nursing and post-acute... Read More »

  • 30+ SNFs Sell to Large Owner/Operator

    by | Nov 13, 2025 4:09 pm | Acquisitions

    A portfolio of more than 30 skilled nursing facilities totaling over 4,900 beds has sold, allowing the regional skilled nursing owner/operator to exit the industry. Few details were disclosed, and the deal appears to have been done very quietly, but the portfolio spanned between five and 10 states in the Southeast and featured approximately 35... Read More »

  • Scribner Capital and William James Group Team Up Again

    by | Nov 13, 2025 3:45 pm | Acquisitions

    Scribner Capital and William James Group acquired two assisted living and memory care communities in Georgia. The Haven at Fayetteville, a 62-unit assisted living and memory care community that was rebranded from The Oaks, was built in 1999 and was at about 90% occupancy at closing. Located in Athens, The Haven at Cedar Shoals (formerly The Oaks)... Read More »

  • Joint Venture Acquires Cash-Flowing Communities

    by | Nov 13, 2025 3:44 pm | Acquisitions

    A trio of well-run seniors housing communities in the Southeast sold to a partnership that included a national owner and a regional operator. Brad Clousing and Dan Geraghty of Senior Living Investment Brokerage represented another regional owner/operator in the sale. The deal includes two adjacent seniors housing communities in Cumming, Georgia,... Read More »

  • Owner/Operator Enters New State

    by | Nov 13, 2025 3:43 pm | Acquisitions

    Vince Viverito and Taylor Graham of Senior Living Investment Brokerage handled the sale of a distressed skilled nursing facility in rural Colorado. Built as a therapy building in 1912 and converted to a skilled nursing facility in 1964, Lamar Estates features 60 beds on 1.34 acres with 19,394 square feet in the town of Lamar. The non-performing... 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 »