• Sabra Trims Forecast, Tempering a Solid Quarter

    by | Nov 6, 2025 3:27 pm | Acquisitions

    Sabra Health Care REIT, Inc. announced several acquisitions in its third quarter results. The REIT acquired six managed seniors housing properties for $217.5 million with an estimated initial cash yield of 7.8%, three of which were acquired through a consolidated joint venture in which Sabra has a 95% equity interest. The company also purchased... Read More »

  • CareTrust’s Flurry of Acquisitions

    by | Nov 6, 2025 3:26 pm | Acquisitions

    CareTrust REIT, Inc. closed a series of transactions totaling approximately $437 million in late October. In two separate deals, the REIT acquired 12 skilled nursing facilities and one skilled nursing campus located across the Southeast and Mid-Atlantic. The combined portfolio includes approximately 1,760 licensed skilled nursing beds and... Read More »

  • Ensign Adds to Its Utah and Alabama Footprint

    by | Nov 6, 2025 3:25 pm | Acquisitions

    The Ensign Group, Inc. kicked off November with a couple of new deals. The publicly traded company acquired the real estate and operations of the following seven Stonehedge skilled nursing facilities in Utah: Stonehenge of American Fork (90 beds in American Fork) Stonehenge of Cedar City (50 beds in Cedar City) Stonehenge of Ogden (52 beds in... Read More »

  • Joint Venture Makes Its First Acquisition

    by | Nov 6, 2025 3:24 pm | Acquisitions

    A joint venture between Capitol Seniors Housing and a global alternative asset manager with over $55 billion in assets under management worldwide acquired The Woods at Merrimack, a 140-unit seniors housing community in Methuen, Massachusetts. This is the first deal between CSH and the asset manager but marks the beginning of a long-term... Read More »

  • Michigan-Based Owner/Operator Buys Lansing Campus

    by | Nov 6, 2025 3:23 pm | Acquisitions

    A public REIT engaged Blueprint in the confidential divestiture of a 53-unit assisted living and memory care campus in Lansing, Michigan. The campus features two standalone buildings separately catering to assisted living residents and those requiring memory care. The well-maintained campus was originally built in 1997 and consisted of 19... Read More »
Ohio Renovation Receives Variety of Funding

Ohio Renovation Receives Variety of Funding

by | Sep 22, 2020 4:02 pm | Developments

A senior apartment community in Dayton, Ohio is getting a substantial renovation with the help of financing from a variety of sources. The building is a federal historic site, originally built in 1929 as the Dayton Biltmore Hotel. It converted to affordable senior living in 1981 and currently features 230 units in 18 stories, with over 23,000 square feet of communal space and 14,000 square feet of commercial space. According to county records, Related Companies, a New York City-based developer, purchased the building in August 2020 for $4.2 million as part of a larger $590 million transaction for 51 affordable housing properties formerly owned by Aimco.  Now, Related Companies and... Read More »
KeyBank Finances Acquisition of Senior Apartment Community

KeyBank Finances Acquisition of Senior Apartment Community

by | Jul 23, 2020 4:55 pm | Acquisitions, Financings

KeyBank Real Estate Capital’s Community Development Lending and Investment team announced that it has provided tax-exempt debt to support the acquisition and renovation of a 100-unit affordable senior apartment community in Wichita, Kansas. Originally built in 1979, the seven-story building consists of only one-bedroom apartments, all of which are Section 8 units.  Sarah Geis and Tim Gerstmann structured the financing, which included a tax-exempt construction and permanent bond loan of $11.3 million. The city of Wichita issued the bonds, and the National Development Council provided $4.2 million of low-income housing tax credit equity. Denver-based real estate investment company... Read More »
KeyBank Arranges Financing For Low-Income Seniors Housing

KeyBank Arranges Financing For Low-Income Seniors Housing

by | Jun 25, 2020 4:30 pm | Financings

Working on behalf of Hampstead Development Partners, a San Diego-based real estate company that focuses on developing and preserving affordable housing, KeyBank Community Development Lending and Investment secured acquisition, construction and permanent financing for a new affordable senior apartment community in Salt Lake City, Utah.   Originally built in 1916, the four-story building features 80 units and will be renovated by Hampstead. The unit mix features studios and one-bedroom floorplans averaging 416 square feet, and all units cater to residents earning 60% of the area’s median income. In addition, 20% of the units are reserved for non-seniors, while the rest will be restricted to... Read More »
KeyBank Refinances Raleigh Senior Living Community

KeyBank Refinances Raleigh Senior Living Community

by | Oct 31, 2019 3:19 pm | Financings

Peter Trazzera, Patrick Gilbreath and Megan Major of KeyBank Real Estate Capital structured a $40 million bridge loan to refinance a 183-unit senior living community in Raleigh, North Carolina. Developed, owned and operated by Singh Development, the community features 121 independent living, 39 assisted living and 23 memory care units, and operates under the Waltonwood brand. It opened in January 2019 at a cost of $60 million, or $327,900 per unit. Earlier this month, KeyBank also secured $10.6 million in financing for an affordable housing developer/operator to build a 60-unit Section 8 senior apartment community in Cincinnati, Ohio. The borrower, The Model Group, also obtained financing... Read More »
KeyBank Arranges Financing for Foundations Health Solutions

KeyBank Arranges Financing for Foundations Health Solutions

by | Oct 2, 2019 6:00 am | Financings

KeyBank Real Estate Capital secured an $11 million HUD loan for Foundations Health Solutions to pay down acquisition debt it used to buy a 150-bed skilled nursing facility in Columbus, Ohio. KeyBank had provided the original $87.5 million bridge loan, which supported the acquisition of this Columbus facility plus eight other facilities previously owned by Welltower. The facility was originally built in 1968, with renovations in 1995 and 2007. To this point, KeyBank has closed $47 million of HUD loans for the portfolio, including a $36.3 million loan for four facilities totaling 442 licensed beds located throughout Ohio. As with that transaction, John Randolph of KeyBank’s Commercial... Read More »