• Stand-Alone MC Community Trades in Arizona

    by | Apr 2, 2026 5:05 pm | Acquisitions

    Blueprint represented an institutional seller in the sale of its stand-alone memory care community in the Lake Havasu City-Kingman, Arizona MSA. Built in 2009, the asset features 48 units with 60 beds and received approximately $2 million in recent capital improvements. There is opportunity for occupancy growth and rental rate optimization. ... Read More »

  • Clarion Partners Continues Its Acquisition Streak

    by | Apr 2, 2026 4:56 pm | Acquisitions

    Clarion Partners continued on its acquisition streak, adding two communities in California to its growing portfolio. The latest deal featured The Commons on Thornton and The Commons at Union Ranch, two seniors housing communities totaling 198 units in California’s Central Valley. They were previously owned and operated by MBK Senior Living, which... Read More »

  • Multiple Senior Care Acquisition Financings Close

    by | Apr 2, 2026 4:55 pm | Acquisitions, Financings

    M&A transactions are getting done at a near-historic pace, and CIBC Bank USA recently financed three deals. The largest was $43.3 million in acquisition financing for two senior care assets in the Nashville area of Tennessee. The properties include a combined 310 independent living units, 273 skilled nursing beds and 93 assisted living/memory... Read More »

  • Olympus Retirement Living Expands

    by | Mar 31, 2026 5:42 pm | Acquisitions

    The Zett Group closed the sale of a 63-unit assisted living/memory care community in the Boise, Idaho market. Set in the town of Emmett, Meadow View Senior Living was trending positively in its operations, but there was still some work to be done. An owner/operator engaged Blake Bozett and Spud Batt to sell the community to an undisclosed buyer.... Read More »

  • Large Senior Care Portfolio Trades Hands

    by | Mar 31, 2026 5:41 pm | Acquisitions

    A portfolio comprising senior care assets across Washington State recently sold with the help of JCH Senior Housing Investment Brokerage. At first, only one of the assets was brought to market, but an offer emerged for the entire nine-facility portfolio. The price for the skilled nursing, assisted living and independent living campuses ranged... Read More »
KeyBank Refinances Western New York Properties

KeyBank Refinances Western New York Properties

by | Apr 30, 2019 2:41 pm | Financings

A couple of seniors housing communities in western New York received Freddie Mac financing courtesy of KeyBank Real Estate Capital. Carolyn Nazdin of the firm’s Healthcare Group arranged two fixed-rate loans with 15-year terms and five-year interest-only periods. The first, at $45.8 million, was secured by a 162-unit community in Orchard Park. Built in 1992 and renovated in 2016, it consists of 114 assisted living, 32 independent living and 16 memory care units. The other $20.1 million loan went to a 96-unit assisted living/memory care community in Pittsford that was built 20 years ago. Both loans refinanced existing debt on the properties. Read More »
Lending in Leominster

Lending in Leominster

by | Apr 9, 2019 2:08 pm | Financings

KeyBank Real Estate Capital arranged a first mortgage through Fannie Mae on behalf of a Sunrise Senior Living property in Leominster, Massachusetts. Originally built in 1996 with 48 assisted living units, the property added 23 memory care units in 1999 and converted 10 existing AL units into nine MC units in 2013. In that most recent project, the owner also added a common room and dining room to the community. Now, to refinance existing debt, Carolyn Nazdin of KeyBank arranged a non-recourse $12.2 million loan, with a 10-year interest-only term. Read More »
KeyBank Funds ReNew Acquisitions

KeyBank Funds ReNew Acquisitions

by | Mar 29, 2019 7:02 am | Acquisitions, Financings

Private REITs may have taken a significant step back from their heady M&A days around 2014 and 2015, but one private REIT has been pursuing a growth strategy lately. Founded last February by George Chapman (former CEO of Health Care REIT, now Welltower), ReNew REIT (or ReNew Investors) now has 61 seniors housing communities and 5,645 units in 11 states in its portfolio thanks to several large portfolio acquisitions, including a 16-property purchase in Michigan and a RIDEA agreement with Southeast-based operator Phoenix Senior Living. So far in 2019, the company has closed four more acquisitions, adding eight additional communities and 813 units in Michigan, Pennsylvania and Virginia to... Read More »
Genesis HealthCare Buys and Divests

Genesis HealthCare Buys and Divests

by | Feb 6, 2019 7:01 am | Acquisitions, Financings

As it continues to improve its capital structure and rationalize its lease exposure, Genesis HealthCare has joint ventured with Next Healthcare Capital to buy 15 skilled nursing facilities with 2,147 total beds previously leased from Welltower located in Pennsylvania (6), New Jersey (4), Connecticut (3), West Virginia and Massachusetts. Genesis will own a 46% stake in the venture, and lease the properties, at presumably a lower rate than with Welltower, and there will be no escalators for the first five years. Welltower’s lease had 2% annual escalators. Next Healthcare appears to be willing to wait for that extra return, since Genesis has a purchase option beginning in 2026 to buy out the... Read More »
KeyBank Refinances Citadel Acquisition Loan

KeyBank Refinances Citadel Acquisition Loan

by | Jan 18, 2019 7:02 am | Financings

KeyBank Real Estate Capital headed back to the Bronx to take out a previous financing they had closed for a 199-bed skilled nursing facility. Built in 1994, this facility is subject to a ground lease with an unrelated third party. It was acquired a number of years ago by the borrower, Citadel Care Centers, thanks to a term loan arranged by KeyBank. Now, John Randolph, Henry Alonso and Brandon Taseff have arranged a $33 million HUD refinance, which includes $500,000 for repairs and improvements to the property. The loan came with a 35-year, fully amortizing term. Read More »