• Strawberry Fields REIT’s 2025 Growth

    by | Feb 20, 2026 3:31 pm | Acquisitions

    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

    by | Feb 20, 2026 3:29 pm | Acquisitions

    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 

    by | Feb 20, 2026 3:28 pm | Acquisitions

    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

    by | Feb 20, 2026 3:27 pm | Acquisitions, Financings

    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

    by | Feb 20, 2026 3:26 pm | Acquisitions

    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 »
People’s United Bank Grows Its Presence

People’s United Bank Grows Its Presence

by | Feb 3, 2020 6:00 am | Financings

People’s United Bank has been on a roll lately. After closing around $445 million in loans across 48 separate transactions in 2019, including eight loans and $132.5 million in volume in the fourth quarter, the bank kept the activity going with a late January refinance closed on behalf of its client, a joint venture between Benchmark Senior Living, the operator’s equity partner, Kuwait Finance House, and Broadshore Capital. Located in Bedford, New Hampshire and featuring 54 memory care units, with 85 beds, the community received a $23.7 million senior mortgage, with a five-year term and 30 years of amortization. This was People’s first transaction with Benchmark since Matt Huber and Ginger... Read More »
Cushman & Wakefield Arrange Financing for Stabilizing Property

Cushman & Wakefield Arrange Financing for Stabilizing Property

by | Jul 19, 2019 11:38 am | Financings

A 195-unit senior living community still in lease-up just refinanced its construction debt with the help of its advisors: Richard Swartz, Jay Wagner and Jim Dooley of the Cushman & Wakefield Senior Housing Capital Markets team. A partnership between Pike Senior Housing Partners and operator Solvere Senior Living developed the community in Hamilton, New Jersey, about 11 miles from Princeton, at a cost of $59.1 million, or just over $300,000 per unit. They opened the independent living units first, in November 2017, and followed that up with the licensed assisted living and memory care units in April 2018. Rents begin at $2,800 for IL, $3,950 for AL and $5,600 for MC. Occupancy is... Read More »
Avalon Senior Living Grows

Avalon Senior Living Grows

by | Mar 22, 2019 7:02 am | Acquisitions

Avalon Senior Living has partnered again with Eastridge Pacific Holdings, LLC (EPH), this time buying three senior living communities in California from HCP, Inc. that had been leased to Brookdale Senior Living. The 205 units (210 beds) offer independent living, assisted living and memory care services. The purchase price was $15.7 million, or $76,585 per unit, and came with an approximate cap rate of 8.0%. Mike Garbers, formerly of Greystone and now with JLL, represented the seller, and MidCap Financial provided the mortgage financing. Eastridge Pacific entered the senior living industry in 2016 as an equity partner in Kalakaua Gardens, a 17-story community in Honolulu with 216 beds. It... Read More »
Recently Rebranded Senior Living Community Refinances

Recently Rebranded Senior Living Community Refinances

by | Feb 1, 2019 7:00 am | Financings

Having just undergone a renovation and a rebranding, an assisted living/memory care community in Dallas, Texas obtained a first mortgage loan, courtesy of MidCap Financial. The borrower for the $6.25 million floating-rate loan was a joint venture between private equity firm Artemis Real Estate Partners and Fort Worth-based operator Civitas Senior Living. Read More »
MidCap Making Moves

MidCap Making Moves

by | Dec 28, 2018 7:00 am | Acquisitions, Financings

More than a year after opening a 167-unit senior living community in Lexington, Kentucky, Atlas Senior Living executed on a purchase option for the property thanks to a $35 million floating-rate loan provided by MidCap Financial. David Sharp, working out of MidCap’s Chicago office, arranged the short-term loan and expects to take it to agency after a seasoning period. The purpose-built community is already near stabilization after opening in August 2017. Atlas had leased it from the developer/owner, DMK Development, which built the community for approximately $26 million, or $155,700 per unit. With the financing, Atlas received working capital for the continued stabilization and will be... Read More »