• Bullish Move by Welltower

    by | Oct 29, 2025 9:29 am | Uncategorized

    Welltower has been a growth and M&A machine under the leadership of Shankh Mitra. As of October 27, the REIT has closed or has under contract close to $14 billion of pro rata gross investments across the U.S., Canada and the United Kingdom this year. These include more than 700 seniors housing properties with more than 46,000 units. Not too... Read More »

  • Welltower Shatters Single-Day Dollar Volume Record

    by | Oct 29, 2025 9:28 am | Acquisitions

    October was already on its way to setting records for M&A activity in the seniors housing and care industry before Welltower announced the most transaction dollar volume we have ever seen in a single day when it released its third quarter earnings. A couple of the largest portfolio acquisitions took place across the pond, but the REIT also... Read More »

  • South Carolina Portfolio Trades

    by | Oct 29, 2025 9:25 am | Acquisitions

    Newmark has hit a rich vein of activity, announcing several closings in the last few days. First, the team sold three communities across the Greenville, South Carolina, area on behalf of Atlas Senior Living. The communities were built between 2014 and 2016 and totaled 306 units, including 108 independent living, 144 assisted living and 54 memory... Read More »

  • Blueprint Closes in Kentucky and Colorado

    by | Oct 29, 2025 9:24 am | Acquisitions

    Blueprint has been adding to our record-breaking October M&A haul, announcing a couple of closings in the last week. First, Kyle Hallion handled another sale in his home state of Kentucky, this time on behalf of a local family owner/operator with deep ties to this asset’s local market. The senior care facility features 64 skilled nursing beds... Read More »

  • Southern California Communities Get New Owner

    by | Oct 29, 2025 9:23 am | Acquisitions, Financings

    Berkadia handled the sale and financing of two seniors housing communities in Southern California. The transaction included an 84-unit assisted living and memory care community in the San Diego suburbs and a 72-unit memory care community in the Los Angeles suburbs. These were older vintage properties with some Medicaid census but were very strong... Read More »

High price for the Upper West Side

by | Dec 14, 2016 8:31 am | Acquisitions

Seniors housing deals valued above $500,000 per unit are rare. In fact, in our M&A database dating back to 1993, only nine have been announced in the U.S. (all since 2015). And up until this month, we only had one domestic deal above $600,000 per unit, which was Health Care REIT’s acquisition of three senior living communities in the Boston area for $150 million, or $652,174 unit. Now, a single 239-unit independent living building in New York City’s Upper West Side is selling for approximately $150 million, and surpassing $625,000 per unit. The Esplanade had been owned by the Scharf family, an owner/operator of senior living communities in the New York City MSA, since they bought it... Read More »
The Market of Lafayette

The Market of Lafayette

by | Dec 9, 2016 8:31 am | Acquisitions

In the heart of Cajun country, Cushman & Wakefield’s Robert Black and Sean McNee facilitated the sale of two seniors housing communities on behalf of the local owner and operator. Both located less than a mile apart in Lafayette, Louisiana, the all-private pay properties included a 70-unit independent/assisted living community that was built in 1997 and a just-opened 37-unit memory care community. The buyer, Griffin-American Healthcare REIT IV will bring on Colonial Oaks Senior Living to operate the communities under a 15-year absolute net lease with two 10-year renewal options and annual rent escalators of 6.3% after year one and 2.5% thereafter. Griffin-American financed the... Read More »

2016 HUD Rankings

by | Nov 8, 2016 6:39 pm | Financings

We reported a few weeks ago that Lancaster Pollard was the most active HUD 232 LEAN lender with 60 transactions with a total value of $554.4 million, but KeyBank was close behind at 54 loans worth $521.8 million. In third place was Housing & Healthcare Finance with 28 deals and $355.9 million. HHC also closed the largest loan of the fiscal year, an $80.7 million loan on a 520-bed skilled nursing facility in New York. Berkadia Commercial Mortgage came next with 26 deals worth $180.5 million and Capital Funding followed them with 21 financings worth $261.0 million, including the second-largest closing of the year: a $43.4 million loan for a 314-bed skilled nursing facility in New York.... Read More »

KeyBank does double-duty

by | Feb 24, 2016 8:30 am | Financings

John Randolph and Charlie Shoop of KeyBank’s Healthcare Mortgage Group recently arranged $47.7 million of permanent financing, which included a $28.5 million HUD loan and a $9.2 million Fannie Mae loan, to refinance a portfolio of six assisted living communities. The HUD loan featured a low fixed rate for 35 years, while the Fannie Mae loan was originated and closed within 50 days. The portfolio includes 319 units and is entirely located in North Carolina. With the funds, the borrower, Ridge Care Inc., improves its cash flow flexibility and will be able to both make capital improvements and grow its portfolio. Back in March 2015, Ridge Care also received a $59.8 million credit facility... Read More »

Upper East Side SNF sells big

by | Jul 22, 2015 8:32 am | Acquisitions

It’s not often you see a skilled nursing facility sell for north of $200,000 per bed. But not all facilities are located in the heart of the highly desirable, high-income Upper East Side in New York. Well, a group of private investors, known as 79th Street Acquisition Group LLC on city records, and Cassena Care, which operates seven SNFs in New York City and Connecticut, purchased a 499-bed SNF for $105.5 million, or $211,400 per bed. The 170,000-square foot facility sold for approximately $621 per square foot, and with its tremendous location, is seen as a potential development site. Built in 1967, the facility had been operated by Marilyn Lichtman since its opening, including when she... Read More »