• 60 Seconds with Swett: M&A Activity Tops 350 Deals in H1:25

    by | Jul 1, 2025 3:47 pm | 60 Seconds

    In the second quarter of 2025, there were 176 publicly announced transactions, a preliminary number that is almost certain to increase in the weeks ahead. That brings our total for the first half of the year to 355 deals, or 710 on an annualized basis. Considering we finished 2024 with 716 total deals, which was a record by far, we are in a good... Read More »

  • Bloom Exits South Carolina’s Seniors Housing Market

    by | Jul 1, 2025 3:46 pm | Acquisitions, Financings

    Kandu Capital, LLC, and its operating company, Bloom Senior Living, collectively known as Bloom, sold its final seniors housing community in South Carolina. The company is seeking realignment as it exits the state after a decade-long presence in the region. The 129-unit independent living and memory care community, which is in Bluffton, sold for... Read More »

  • Improving Ohio SNF Sees Strong Price

    by | Jul 1, 2025 3:44 pm | Acquisitions

    Ryan Saul of Senior Living Investment Brokerage secured a strong price for a skilled nursing facility in Cincinnati, Ohio. Built in 1965, the facility was originally licensed for 199 beds, but the decision was made to strategically reduce the beds to 167 to save on provider tax and improve the Medicaid rate.  The facility struggled for many... Read More »

  • Stacked Stone Ventures Makes Major SNF Acquisition

    by | Jul 1, 2025 3:43 pm | Acquisitions

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, has made a major acquisition in the skilled nursing sector, acquiring nine skilled nursing facilities for approximately $33 million, or $66,000 per bed, at a 13% cap rate. Stacked Stone bought the portfolio in a joint venture with Praxis Capital from a large... Read More »

  • Tremper Capital Group Announces Two Refinances

    by | Jul 1, 2025 3:42 pm | Financings

    Tremper Capital Group announced a couple of refinances at the end of the second quarter for seniors housing clients. The first was arranged on behalf of Kisco Senior Living for its 333-unit entrance-fee CCRC in Palm Beach Gardens, Florida. Built in 2004, the campus was acquired by Kisco as part of a larger CCRC deal in 2013, and since then it... Read More »
Lancaster Pollard Announces Promotions, And A Deal

Lancaster Pollard Announces Promotions, And A Deal

by | Sep 15, 2020 4:20 pm | Financings

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

by | Aug 22, 2019 4:59 pm | 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

by | Jul 25, 2019 2:40 pm | Financings

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

by | Jun 20, 2019 3:24 pm | Financings

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

by | Apr 26, 2019 7:01 am | Financings

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 »