• Public REIT Divests Two Georgia AL/MC Communities

    by | May 24, 2024 11:26 am | Acquisitions

    Berkadia was engaged in the sale of two assisted living and memory care communities in the Atlanta, Georgia MSA. The communities are located in Atlanta and Marietta and total 146 units. The seller was a publicly traded REIT. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled the transaction. No additional details were... Read More »

  • Missouri-Based Provider Acquires SNF Portfolio (with HUD debt)

    by | May 24, 2024 9:09 am | Acquisitions

    Blueprint was engaged by Birchwood Healthcare Partners, a Chicago-based private investor and owner/operator, in its sale of its eastern Oklahoma skilled nursing portfolio. The regionally clustered portfolio comprises seven facilities that total 561 beds. It benefited from the recent Medicaid rate increases and steady census rebounds. There was... Read More »

  • CFG Secures Bridge-to-HUD Loan for Massachusetts SNF

    by | May 24, 2024 9:07 am | Financings

    Capital Funding Group announced the closing of a bridge-to-HUD loan totaling $9.75 million on behalf of a nationally recognized borrower. The loan supports the refinancing of a 123-bed skilled nursing facility in Massachusetts. Tim Eberhardt, Craig Casagrande and Ava Julio handled the transaction. This financing follows CFG’s announcement of the... Read More »

  • Joint Venture Acquires AL Community in Colorado

    by | May 24, 2024 9:06 am | Acquisitions

    Ziegler was engaged by Bethesda Senior Living in its sale of an assisted living community in Grand Junction, Colorado. Bethesda is divesting this non-core asset to focus on the growth of its mission. Cornerstone Management purchased the community in conjunction with a private real estate fund. Eric Johnson handled the transaction. No other... Read More »

  • 60 Seconds with Swett: M&A Activity Heats Up in May

    by | May 21, 2024 3:37 pm | 60 Seconds, Acquisitions

    We have said this before, but the seniors housing and care M&A market is on pace to record its best-ever year in terms of transaction activity, and by some margin. Already by this point in May, we are closing in on 250 transactions for the year, so far, which puts us on track for more than 600 publicly announced deals when we close out 2024.... 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 »