• 60 Seconds with Steve Monroe: Brookdale Senior Living, What’s Next?

    by | Jul 15, 2025 3:42 pm | 60 Seconds

    So, the big vote occurred last week, and shareholders of Brookdale Senior Living have spoken. We are sure that the recent increases in occupancy convinced some shareholders to stick with management and its “plan.” But the nominees from activist shareholder Ortelius Advisors were not off-the-wall candidates. It was an excellent group, and despite... Read More »

  • Optalis Healthcare Acquires Michigan Portfolio

    by | Jul 15, 2025 3:19 pm | Acquisitions

    Blueprint was engaged by Michael F. Flanagan, the duly appointed receiver of Spartan Holdco, LLC, et al. and approved by the Oakland County Circuit Court to run a marketing process sourcing qualified overbids for the auction sale of the SKLD (Skilled Living and Development) portfolio. Dubbed Project Spartan, the portfolio comprises eleven skilled... Read More »

  • National REIT Divests to Cougar Capital Management

    by | Jul 15, 2025 3:18 pm | Acquisitions

    Haven Senior Investments facilitated a transaction between a national REIT and a real estate development firm based in Boston, Massachusetts. The seller, Summit Healthcare REIT, divested a seniors housing community in Littleton, New Hampshire, The Village at Riverglen. Built in 2002, The Village at Riverglen features 60 beds across 50 independent... Read More »

  • CFG’s H1 Financing Volume

    by | Jul 15, 2025 3:15 pm | Financings

    Capital Funding Group’s bridge-to-HUD and HUD teams financed more than $930 million across 50 transactions in the first half of 2025. These financings included 14 HUD loans, 21 bridge loans and 15 accounts receivable loans for clients across the country. Managing Director of Real Estate Craig Casagrande originated a few transactions throughout... Read More »

  • Stabilized Class-A IL Community Secures Refinancing

    by | Jul 15, 2025 3:14 pm | Financings

    Greystone arranged a $43.5 million debt placement to refinance a seniors housing community in Oregon. The 142-unit property is a recently built and stabilized Class-A independent living community. The community had strong trailing cash flows, on a shorter trailing period, but an upward trend. The financing was sourced by David Young.  The... Read More »
Love and Supportive

Love and Supportive

by | Feb 17, 2016 8:31 am | Developments, Financings

A brand new supportive living facility is set to go up on a 2.5-acre lot in an urban neighborhood around six miles from downtown Chicago. All 120 studio and one-bedroom units will be backed by Illinois’s Supportive Living Program, which is an apartment-style alternative to skilled nursing care for low-income seniors and those with disabilities under Medicaid. The project is estimated to cost approximately $27 million, or $225,000 per unit. MR Properties, which was formed in 2000 as a joint venture between two experienced Chicago developers, Phil Mappa and Colin Regan, is developing the facility, after having previously built a 335-unit community and a 224-unit community, both for... Read More »

Serving our Veterans

by | Nov 11, 2015 8:30 am | Developments, Financings

As today is Veterans Day, it seems most appropriate to mention there is a new senior living community being developed in Jacksonville, Florida that will serve, among others, the large veteran population surrounding the Mayport Naval Base and Air Station. Developers David Kirkland, Carson McCall and Wayne McCall are leading the effort to build Anthem Lakes and will enlist Perry-McCall Construction and PQH Architects for the project. A majority of the units (83) will be for assisted living, while 34 will be designated for memory care and 20 for independent living. Also, a portion of the memory care wing will be set aside for veterans with mild brain trauma or post-traumatic stress disorder,... Read More »

Love Funding Building its Bridge program

by | Jun 10, 2015 8:33 am | Financings

Love Funding is making a splash in the bridge-to-HUD lending arena, a space where it has not seen much action before. Helped in large part by the late-2014 acquisition of its parent company (Heartland Bank) by Midland States Bank, Love gained access to a larger and more accessible capital platform. So the program was started this spring, with eight healthcare transactions (representing $78 million) already in the pipeline. The loans are split 50-50 between skilled nursing facilities and assisted living communities and are mostly for acquisitions (4), with a couple each for cash outs and new construction. The transactions are not limited to a specific region either, with four in... Read More »