• Evans Arranges New SNF Lease

    by | Jan 16, 2026 2:37 pm | Acquisitions

    Evans Senior Investments arranged a new lease for a skilled nursing facility in Denver, Colorado, securing a 293% increase in rent on a per-bed, per-month basis in the process. At the time of marketing, the facility was 62% occupied with minimal Medicare Part A referrals. However, the 1960s-built facility has 16 private units and is proximate to... Read More »

  • Cross River Bank Closes Large Acquisition Loan

    by | Jan 16, 2026 2:35 pm | Acquisitions, Financings

    Cross River Bank recently closed a large acquisition loan for a portfolio of seven skilled nursing facilities and one assisted living community in Georgia, Tennessee and Missouri. Raina Yoo was the Loan Officer on the transaction. The portfolio features a total of 1,339 licensed beds, and occupancy stood at 88%, overall.  Read More »

  • Local Operator Closes Lease-to-Purchase Deal

    by | Jan 16, 2026 2:34 pm | Acquisitions

    A skilled nursing facility in Mississippi faced a time-sensitive CHOW with frozen Medicaid rates under appeal after the outgoing operator was planning to leave before the ownership transfer occurred, posing meaningful risk to the facility’s financial performance and operational continuity. The facility was older and around 50% occupied at the... Read More »

  • Mainstay Senior Living Grows in Georgia

    by | Jan 16, 2026 2:31 pm | Acquisitions

    Mainstay Senior Living acquired two seniors housing communities in Savannah, Georgia. The properties are located about five miles apart from each other. Grace Manor Savannah was built in 1997, while Habersham Manor was built in the late-1980s. They feature a total of 143 assisted living and memory care units. Florida-based Mainstay now has 46... Read More »

  • Private Equity Firm Divests Portfolio to Chicago Investor

    by | Jan 15, 2026 4:06 pm | Acquisitions

    Trinity Investors, a Texas-based private equity firm, sold a 224-unit portfolio of three seniors housing communities in Alabama that it acquired in tranches between 2022 and 2023 with a regional owner/operator. After the portfolio stabilized and capital was injected into the communities, Trinity recapitalized the venture in March 2025 with... 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 »