• Strawberry Fields REIT’s 2025 Growth

    Strawberry Fields REIT reported its 2025 operating results, noting that it was the best year since its inception more than 10 year ago. The company posted significant increases in FFO and AFFO, and it completed more than $110 million in several new acquisitions. Its portfolio now includes 131 skilled nursing facilities, 10 assisted living... Read More »
  • Owner/Operator Exits SNF Sector

    An independent owner/operator exited the skilled nursing sector through its divestment of Sunrise Country Manor, which has 80 beds in Milford, Nebraska, and features a mix of private and semi-private units. It maintained an 83% occupancy rate at the time of the sale. A regional operator looking to expand its footprint in Nebraska acquired the... Read More »
  • Assisted Living Providers Join Forces 

    Majestic Residences recently expanded its footprint, adding 17 assisted living communities and six in active development, through its acquisition of Avendelle Senior Living. Avendelle will be integrated into the Majestic Residences platform, with Avendelle’s corporate team retained. The combined organization will operate under the Majestic... Read More »
  • Investor Secures Financing and Acquires Class-A Community

    BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living.  BWE represented the seller, Hunt Midwest. The buyer was a... Read More »
  • Multiple SNFs Sell in Separate Transactions

    A large skilled nursing company sold its 181-bed skilled nursing facility to a private investment firm based in New York, exiting South Carolina in the process. The buyer had an existing skilled nursing footprint, and will be leasing this facility to a regional operator. The building was older, built in the 1980s, and was around 80% occupied at... Read More »
Atlas Senior Living Acquires in Alabama and Georgia

Atlas Senior Living Acquires in Alabama and Georgia

Birmingham, Alabama-based Atlas Senior Living added two unique senior living communities to its growing portfolio, which the company expects to number 17 properties across the Southeast by the end of the year. Located in Savannah, Georgia and Madison, Alabama, the communities both feature 104 units of independent living, assisted living and memory care. They were developed in the last couple of years by the seller, Miami Beach-based Lucky Shepherd. As with other Lucky Shepherd communities, they feature amenities like a greenhouse, over 15,000 square feet of spa and wellness space, farm-to-table dining and animal therapy. Ari Adlerstein and Ari Dobkin of Meridian Capital Group handled the... Read More »
Meridian Capital Group On Track for Another Big Year

Meridian Capital Group On Track for Another Big Year

The seniors housing and healthcare team at Meridian Capital Group has already had quite the year, reaching $1.3 billion in closed transactions so far. That total is spread across 41 deals in 22 states. Well done to Ari Adlerstein, Ari Dobkin and Josh Simpson. Some of the recent highlights include an $80 million acquisition financing and a $7.5 million AR line closed for five skilled nursing facilities totaling 740 beds in Pennsylvania. The acquisition loans didn’t stop there, with the team also arranging $38.5 million in financing for a borrower acquiring three SNFs and refinancing five additional facilities totaling 840 beds in Minnesota and Wisconsin. Then, in Massachusetts, the buyer of... Read More »
Busy May For Meridian

Busy May For Meridian

Meridian Capital’s Ari Adlerstein, Ari Dobkin and Josh Simpson are fast closing in on a billion-dollar year in loan closings, and we’re not even halfway through 2019. Across 29 transactions so far, the team has arranged more than $955 million in financing for skilled nursing, assisted living and independent living properties across 18 states. Most notably, Meridian arranged $200 million in bridge financing for more than 25 skilled nursing facilities and over 2,500 beds. There were a couple of construction financings, including a $24 million loan (plus $9.1 million in equity) for a to-be-built 104-bed independent living/assisted living community in Arizona and an $11.5 million loan to fund... Read More »
Busy May For Meridian

Meridian’s Half-Billion-Dollar Quarter

The team of Ari Adlerstein, Ari Dobkin and Josh Simpson of Meridian Capital Group had quite the Q1, closing more than $500 million across 17 transactions in nine states. Helping them reach that impressive mark were a couple of large financings for skilled nursing portfolio sales, including $126 million in both debt and equity arranged for Summit Healthcare REIT to purchase 14 skilled nursing facilities in Indiana. A finance company provided the $96 million loan, while an institutional investor funded the $30 million in equity. Then, on behalf of a private skilled nursing owner, Meridian arranged a $90 million loan (also provided by a finance company) to fund the acquisition of 12 SNFs in... Read More »
Meridian Gets It Done in Virginia

Meridian Gets It Done in Virginia

The team of Ari Adlerstein, Ari Dobkin and Josh Simpson of Meridian Capital Group closed a large financing for the acquisition of a portfolio of 12 skilled nursing facilities located throughout Virginia. Totaling 1,346 beds, the portfolio is now owned by a private skilled nursing investor. A finance company provided the $90 million loan. Read More »