• CBRE’s Active 2025 and Q1:26 Projections

    by | Jan 27, 2026 2:05 pm | Acquisitions, Financings

    CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The... Read More »

  • Underperforming AL/MC Assets Sell in Michigan

    by | Jan 27, 2026 2:02 pm | Acquisitions

    A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate... Read More »

  • Global Real Estate Investor Enters Seniors Housing

    by | Jan 27, 2026 2:01 pm | Acquisitions

    Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common... Read More »

  • LTC Properties Gets Early Start on 2026 SHOP Acquisitions

    by | Jan 27, 2026 1:59 pm | Acquisitions

    LTC Properties started the year off with a large SHOP acquisition in Atlanta, Georgia. The portfolio comprises three seniors housing communities with nearly 400 independent living, assisted living and memory care units. The assets were built between 2014 and 2018, and were stabilized at the time of sale at 92% occupancy. LTC Properties will... Read More »

  • 1019 Senior Living Enters Another State

    by | Jan 27, 2026 1:58 pm | Acquisitions

    1019 Senior Living entered a new state through its fifth seniors housing acquisition. The Indiana-based owner/operator purchased Arden Courts at Kenwood, rebranded as Belle’s Place of Kenwood, which was previously operated by Evergreen Senior Living. Built in 2002 with a new roof added in 2016, the asset sits in Cincinnati, Ohio, in the Kenwood... Read More »

The affordability factor

by | Mar 11, 2016 9:31 am | Opinion

One issue that we haven’t heard a lot in the sessions at the last couple of NICs is affordability. Much of what is currently being constructed today is a high-end assisted living/memory care product that is all private pay. And on the skilled nursing/transitional care side, developers like Mainstreet are looking to take on majority Medicare or private pay patients into their luxury rehab resorts. But what about that segment of the population that cannot afford most of the seniors housing and care options out there? And what about those luxury communities that simply can’t draw a large enough census of people who both want to leave their homes and can pay for it? These, among other... Read More »

Mainstreet’s latest IN property

by | Jan 14, 2016 9:45 pm | Developments

Trilogy Health Services recently announced the opening of its latest Mainstreet-built facility in Richmond, Indiana, but the facility is different than any other the developer has built in recent years. Namely, it has no assisted living. Typically, Mainstreet facilities are known for their combination 70 skilled nursing (transitional care) beds and 30 assisted living units. And in the state of Indiana, according to our records, the average cost to build one of those facilities has been approximately $165,000 per unit, or $227 per square foot. We have to assume the Richmond facility will cost about the same, but will feature just 70 beds of skilled nursing/transitional care, though with all... Read More »

Mainstreet Does Canada….Again

by | Nov 9, 2015 9:12 pm | Acquisitions, Financings

Perhaps one of the most dynamic firms in the senior care market, Mainstreet is at it again with a new publicly traded platform in Canada. Its last Canadian entity was sold to Health Care REIT (now Welltower) last year for a tidy profit. Using its recently announced acquisition of a portfolio of skilled nursing facilities in the Chicago market, Mainstreet has agreed to do a reverse merger with a shell company that is publicly listed in Canada that, when completed, will take the new name of Mainstreet Health Investments (MHI). And guess who will be the CEO of the new entity? None other than Zeke Turner, Mainstreet’s founder and CEO. MHI plans to buy skilled nursing, assisted living and... Read More »

New player in transitional care

by | Nov 6, 2015 8:30 am | Developments

It may sound odd to talk about a robust development pipeline of transitional care facilities and not focus on Mainstreet, which has dominated the market with plans to invest up to $5 billion in the next five years. Nevertheless, a new entrant to the transitional care market, National Healthcare Realty (NHR), is setting out to build 20 facilities in the next three years as the preferred developer for Welbrook Senior Living (not to be confused with Mainstreet’s “Wellbrooke” brand of facilities). Led by Mark Wimer, formerly of Kindred Healthcare and Sun Healthcare Group, Welbrook currently has six facilities located in California, Nevada and Utah, while also self-developing two more... Read More »

Mainstreet Buys Big

by | Nov 4, 2015 6:34 pm | Acquisitions

Mainstreet just closed a large acquisition of 11 skilled nursing facilities with 2,477 beds in the Chicago, Illinois market for $302.5 million, or $122,100 per bed. It will be leasing them back to the seller, Symphony Post Acute Care, at an initial lease rate of 8.0%. While the purchase price was not disclosed, Chicagoland SNFs can be very expensive, so we assume the price came in above $100,000 per bed, making it one of the largest SNF portfolio sales of the year so far. Heavenrich & Company represented the seller in the transaction. Read More »