• Michigan Assisted Living Community Changes Hands

    by | May 29, 2026 2:16 pm | Acquisitions

    Harborside Senior Living, a 20-unit/30-bed assisted living community in Luna Pier, Michigan, near the Ohio border and the Toledo MSA, sold to Lamont Jones, a healthcare entrepreneur who is building a seniors housing brand in Michigan. Built in 2023 by a pair of investors, Harborside Senior Living will now operate under the leadership of Luna... Read More »

  • Assisted Living/Memory Care Portfolio Secures Bond Financing

    by | May 29, 2026 2:14 pm | Acquisitions, Financings

    D.A. Davidson closed $120.04 million in Senior Living Revenue bonds, Series 2026A-1, Series 2026A-2 and subordinated bonds forKingsPath Target Housing of Minnesota, LLC. The bonds financed the acquisition and refinancing of seven assisted living/memory care communities with 224 units in the Minneapolis-St. Paul, Minnesota, MSA. The acquired... Read More »

  • Another Record Year on the Horizon

    by | May 29, 2026 2:13 pm | Acquisitions, Opinion, Statistics

    The bar keeps rising, and the industry continues to clear it, with a third consecutive annual record for publicly announced senior care M&A activity appearing well within reach. Through the first five months of the year, the industry has averaged 81 publicly announced deals per month. Annualized, that pace would result in just under 1,000... Read More »

  • Northstar Senior Living and Alta Senior Living Merge

    by | May 28, 2026 3:32 pm | Acquisitions

    In the mad dash for growth in the seniors housing sector, a lack of new development and an abundance of buyers crowding certain corners of the M&A market has led some owner/operators to seek acquisitions or mergers of whole management companies. It can certainly be a viable alternative that allows one to grow without a massive capital... Read More »

  • In-Place Operator Acquires Senior Care Campus

    by | May 28, 2026 3:28 pm | Acquisitions

    CBRE National Senior Housing’s Debt and Structured Finance team arranged acquisition financing for a senior care campus on behalf of Wingate Living and its affiliates. Wingate Living is a Newton, Massachusetts-based senior living developer/owner/operator with a focus on New England. Aron Will and Michael Cregan arranged the financing, securing a... Read More »
Ziegler Represents CJE SeniorLife in SNF Sale

Ziegler Represents CJE SeniorLife in SNF Sale

by | Aug 9, 2021 9:19 am | Acquisitions

Cascade Capital and Legacy Healthcare are acquiring a large skilled nursing facility in Skokie, Illinois, with Ziegler’s Dan Revie and Tedd Van Gorden representing the seller, CJE SeniorLife, in the transaction. Opened in 1981, the seven-story building has all private rooms, with 216 dually certified and 24 set aside for just Medicare patients. CJE Senior Living, in partnership with the Jewish Federation of Metropolitan Chicago, and Cascade/Legacy signed a letter of intent in February 2021 and closed the deal at the end of July. The purchase price was not disclosed.  Read More »
Cascade Capital Group Adds to Illinois Portfolio

Cascade Capital Group Adds to Illinois Portfolio

by | Sep 6, 2019 9:09 am | Acquisitions

Three acquisitions in the last month counts as a spree, right? Well, Cascade Capital Group is in the middle of one, having announced its acquisition of two Chicagoland skilled nursing facilities through its affiliate Legacy Healthcare. The deal included a 214-bed SNF in Streamwood and a 215-bed facility in Wheeling. Both fall under the Bella Terra brand, which has one other location in the Chicago area (Morton Grove) along with Montana and Utah. Last month, Cascade also added a 156-bed SNF in Aurora, Illinois, and a portfolio of four skilled nursing facilities in Florida, which sold for $49 million, or $106,500 per bed, at a 13.3% cap rate. Legacy took over management of the Aurora... Read More »
HHC Finance’s HUD Haul

HHC Finance’s HUD Haul

by | Feb 21, 2019 3:45 pm | Financings

The team at Housing & Healthcare Finance (HHC Finance) announced a series of six HUD closings totaling about $81 million on behalf of Cascade Capital Group and its operating affiliate Legacy Healthcare. An owner/operator of more than 135 skilled nursing facilities in 23 states (all acquired since the company’s founding in 2016), Cascade secured these HUD loans on six of its SNFs in the greater Chicago area. They all refinanced higher-rate, shorter-term conventional debt. Read More »
Capital One Secures Refinance of Illinois Assisted Living Community

Capital One Secures Refinance of Illinois Assisted Living Community

by | Jan 4, 2019 7:01 am | Financings

Five years after acquiring a 154-bed assisted living community in Park Ridge, Illinois, Cascade Capital Group (with Legacy Healthcare as its operating partner) is refinancing with the help of Capital One. Joshua Rosen originated the HUD loan, which totaled $15.1 million, came with a 35-year term and replaced conventional bank debt. In the years since acquiring the facility, Cascade had extensively renovated the community, which now has a five-star rating from CMS. The transaction recoups capital expenditures and partner debt, and frees up cash for Cascade to pursue other projects. Read More »

Capital One Closes A Big One

by | Sep 15, 2017 7:03 am | Acquisitions, Financings

Capital One flexed its banking muscles when it provided just over $551 million in financing to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Sentio Healthcare Properties. Announced back in May, the high-profile acquisition included all 34 of Sentio’s seniors housing and medical office properties, and was valued around $825 million. To fund the deal, Capital One provided KAREA a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility. We imagine a lot of time was spent on this large, complex transaction. Well done. Another Capital One deal came across the wires, albeit a little smaller than the KAREA deal. Joshua Rosen originated a... Read More »