


Navigating the Senior Care Lending Market with Don Kelly of Locust Point Capital
Ben Swett, the Editor of The SeniorCare Investor, sits down with Don Kelly, Managing Director of Locust Point Capital, to discuss the current state of the seniors housing and care lending environment. Ben Swett, Editor of The SeniorCare Investor – Don Kelly is the Managing Director of Locust Point Capital where he is responsible for loan originations and structuring. Don has more than 25 years of experience in the seniors housing and skilled nursing industry and he’s also been involved in the originating, structuring and underwriting of approximately $5 billion in transactions. So, Don, you seem like the right person to turn to for all our lending... Read More »
People on the Move
Don Kelly, formerly of CapitalSource Healthcare Finance but more recently a Senior Managing Director at MONTICELLOAM, has joined Locust Point Capital as Managing Director. He will be responsible for loan originations and structuring at the asset management firm, which focuses on direct lending to the lower middle market in seniors housing and care. Mr. Kelly has experience originating, structuring and underwriting approximately $5 billion in transactions across his career, which should help in his goal of expanding Locust Point’s market reach and product offerings in the lending market. Mr. Kelly also has operating company experience, formerly working as an Executive Vice President at... Read More »
MedCore Partners Acquires Seniors Housing Portfolio
MedCore Partners and The National Realty Group announced their purchase of a seven-property senior living portfolio on the West Coast. The deal included five senior living communities in Washington State and two in California. Among the Washington properties were the 60-unit Birchview Memory Care in Sedro-Wooley, the 55-unit Discovery Memory Care in Sequim, The Sequoia in Olympia with 92 units, the 72-unit Cooks Hill Manor in Centralia and lastly, and the largest, The Village in Tacoma with 136 units. In California, there was Del Obispo Terrace in San Juan Capistrano with 91 units and the 76-unit Westminster Terrace in Westminster. Their operator,... Read More »