• CBRE’s Active 2025 and Q1:26 Projections

    CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The... Read More »
  • Underperforming AL/MC Assets Sell in Michigan

    A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate... Read More »
  • Global Real Estate Investor Enters Seniors Housing

    Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common... Read More »
  • LTC Properties Gets Early Start on 2026 SHOP Acquisitions

    LTC Properties started the year off with a large SHOP acquisition in Atlanta, Georgia. The portfolio comprises three seniors housing communities with nearly 400 independent living, assisted living and memory care units. The assets were built between 2014 and 2018, and were stabilized at the time of sale at 92% occupancy. LTC Properties will... Read More »
  • 1019 Senior Living Enters Another State

    1019 Senior Living entered a new state through its fifth seniors housing acquisition. The Indiana-based owner/operator purchased Arden Courts at Kenwood, rebranded as Belle’s Place of Kenwood, which was previously operated by Evergreen Senior Living. Built in 2002 with a new roof added in 2016, the asset sits in Cincinnati, Ohio, in the Kenwood... Read More »
Lancaster Pollard Announces Promotions, And A Deal

Lancaster Pollard Announces Promotions, And A Deal

Lancaster Pollard Mortgage Company, a division of ORIX Real Estate Capital, announced several promotions in its seniors housing and healthcare team. These follow other changes at the top, with Aaron Beck being the chief production offer and East team leader in the Spring, and Casey Moore, Doug Harper and Quintin Harris also expanding their leadership roles, with Messrs. Moore and Harper leading the West, and Mr. Harris leading the Midwest.  Michael Blackwell joined the team and will be responsible for originating new business and maintaining existing client relationships in the Northeast. He originally came to Lancaster Pollard as an associate in 2016 and is currently a vice... Read More »
Lancaster Pollard Arranges Two Western Financings

Lancaster Pollard Arranges Two Western Financings

Lancaster Pollard Mortgage Company arranged Fannie Mae financing for a couple of clients, totaling nearly $56 million. Ross Holland, Doug Harper and Casey Moore led the larger transaction, closed on behalf of The Ridge Senior Living to refinance two of its communities in Salt Lake City and Holladay, Utah. The $49.1 million in financing also provided cash out for The Ridge. Then, in Vacaville, California, Messrs. Harper and Moore were joined by Grant Goodman to arrange a $7.85 million loan for a brand-new, 50-unit memory care community owned by Vaca Valley Living. The transaction included an interest-only feature and recapitalized existing debt, in addition to providing equity out for the... Read More »
Lancaster Pollard Arranges Fannie Mae Financing

Lancaster Pollard Arranges Fannie Mae Financing

Lancaster Pollard Mortgage Company, a division of ORIX Real Estate Capital, worked on behalf of a long-time client of theirs to refinance two senior living properties in Michigan. The borrower, The Brook Retirement Communities, obtained a $16 million loan through Fannie Mae’s Seniors Housing program, which provided a 12-year term, a low fixed interest rate and cash-out proceeds. Both of the communities being refinanced feature 62 units of independent living and assisted living. Brad Competty, Brendan Healy and Doug Harper led the transactions for Lancaster Pollard. Read More »
Lancaster Pollard Secures Two Permanent Refinances

Lancaster Pollard Secures Two Permanent Refinances

Lancaster Pollard Mortgage Company closed two agency refinances of newly built senior care properties, retiring existing construction debt in both transactions. The first was arranged for a 106-bed skilled nursing facility in Warner Robins, Georgia that was built in 2015 and operated by Health Management, a middle-Georgia operating group. LP’s Conner Girdley arranged the $9.4 million loan through HUD. Then, in Cypress, Texas, Scott Blount, Doug Harper and Casey Moore led the way on a $14.6 million Fannie Mae refinance on behalf of a senior living community owned by Avanti Senior Living and Iron Point Partners. Also built in 2015 at a cost of $15 million, the property consists of 50... Read More »
Lancaster Pollard Keeps the HUD Closings Coming

Lancaster Pollard Keeps the HUD Closings Coming

Lancaster Pollard Mortgage Company just closed its 16th HUD financing since the government shutdown ended in January. They clearly did their leg work during the shutdown, as in the first three weeks following it, 16 of the 25 FHA 232 commitments issued by HUD went to Lancaster Pollard, for a total of $224 million in closings. The latest transaction featured a $17.3 million loan closed on behalf of Tryko Partners for its 171-bed skilled nursing facility in Brick, New Jersey. Over four years ago, Tryko had acquired the facility from Florida-based New Vision for $10 million, or under $60,000 per bed. At the time, it featured 148 skilled nursing beds and 23 assisted living units and operated... Read More »