• SLIB’s Red-Hot Start to May

    Senior Living Investment Brokerage shot out of the gates in May, announcing six separate closings within just a couple of days. The closings included a couple of portfolios, two seniors housing asset sales and two skilled nursing deals. SLIB is on track for another record-breaking year. The largest deal was an eight-property seniors housing... Read More »
  • Independent Living Asset Near Breakeven Changes Hands

    Blueprint handled the sale of a 60-unit independent living community located just outside of Cleveland, Ohio. At the time of sale, the property was operating around breakeven and offered the opportunity for upside. The option to transition the community to an assisted living waiver model was presented, but the incoming regional owner/operator... Read More »
  • National Health Investors Leans Further Into SHOP Growth

    National Health Investors is continuing to lean into its SHOP segment, having invested $742.5 million into the strategy throughout the first quarter, a 106% increase from the prior year period. Year-to-date, the REIT has announced $212.4 million of investments, and is continuing to evaluate additional opportunities, focusing on private pay... Read More »
  • Senior Care Portfolio Secures Refinancing

    T7 Capital, a boutique seniors housing and healthcare advisory firm founded by industry veterans Ari Adlerstein and Josh Simpson, recently arranged a large bank refinancing for a portfolio of seniors housing and skilled nursing assets in Massachusetts. Working on behalf of a New York-based family office, T7 secured a $57.979 million loan from... Read More »
  • Regional Bank Provides Financing for MC Community

    Jeremy Warren of Montgomery Intermediary Group arranged a refinancing for a client’s 48-unit memory care community in Merrillville, Indiana. Originally built in 2016, the community was stabilized and had an approaching debt maturity. The owner sought to retire both the existing bank debt and an outstanding seller note from the initial... Read More »
Brookdale And Welltower Reach Agreements

Brookdale And Welltower Reach Agreements

Brookdale Senior Living continues to shrink, which is actually good news, and Welltower investors will be glad to see new operators to spread the risk. That is the result of a series of transactions agreed to by the two companies in a major end-of-quarter announcement. Too bad they couldn’t have done this a year or two ago, but maybe it is the new management at Brookdale. In the first of the transactions, Brookdale will pay Welltower $58 million ($14,164 per unit) to cancel leases on 37 communities with 4,095 units in two different lease pools. The leases had current negative cash flow after lease payments, and the projections were for there to be continued losses on them. They were to... Read More »
The Assisted Living Investors Speak

The Assisted Living Investors Speak

On November 9, 2017, we held a webinar titled “Assisted Living: Buying, Selling and Valuing in a Market Peak,” which you can watch here. Over the course of 90 minutes, our Editor, Steve Monroe, led a discussion featuring Jeff Binder of Senior Living Investment Brokerage, Kevin Kreshover of KeyBanc Capital Markets, Chris Kronenberger of Blue Moon Capital Partners, and Chris Wettig of Legend Senior Living, covering topics that varied from selling AL communities in today’s market, to the added value of adding memory care to an AL community, to whether it is cheaper to build or buy now. And of course, are we currently in, passed, or heading towards a market peak? The webinar yielded some... Read More »