• Bourne Acquires AL/MC Asset (with HUD Debt)

    by | May 3, 2024 3:33 pm | Acquisitions

    Representing a regional owner/operator, Evans Senior Investments successfully sold Trinity Hills of Knoxville, an 80-unit assisted living/memory care community in Knoxville, Tennessee. Built in 2006, the community features 66 AL and 14 MC units, all serving private pay residents. Occupancy was strong at the time of marketing, at 92%, and it... Read More »

  • Berkadia Finances Clarendale Clayton

    by | May 3, 2024 3:28 pm | Financings

    Berkadia refinanced Clarendale Clayton, a best-in-class seniors housing community in Clayton, Missouri (St. Louis MSA), that offers the full continuum of care in a high-end, resort-style setting. Opened in 2021, the 13-story property features 283 units of independent living, assisted living and memory care.  Managing Director Austin Sacco of... Read More »

  • Multifamily Investor Buys Ohio IL Community

    by | May 3, 2024 3:25 pm | Acquisitions

    An independent owner/operator chose to strategically divest its 102-unit independent living community in a prominent suburb of Cleveland, engaging Blueprint to get the deal done. Built in the late 1980s, the purpose-built community was stabilized, cash-flowing and well occupied. Plus, there was upside through a capital deployment plan. Few of... Read More »

  • Dwight Capital Announces Q1 Activity

    by | May 3, 2024 3:23 pm | Acquisitions, Financings

    Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $152.5 million in transactions during the first quarter of 2024. Among the transactions were a $44 million bridge loan for a 369-bed, seven-story skilled nursing facility in the Southwest U.S. The bridge loan, which closed in conjunction with a $5 million revolving line of... Read More »

  • Ensign Announces Eight Acquisitions

    by | May 2, 2024 4:19 pm | Acquisitions

    April showers apparently brought The Ensign Group acquisitions this May, as the publicly traded provider announced eight separate deals, including four where its captive REIT Standard Bearer Healthcare REIT acquired the real estate. Two of the deals in Kansas and Arizona were profiled here, with Senior Living Investment Brokerage handling the... Read More »
VIUM Adds New Hire Amid Flurry of Deals

VIUM Adds New Hire Amid Flurry of Deals

by | Jul 13, 2021 3:55 pm | Financings

Two months ago, VIUM Capital announced the hiring of four more experienced bankers, all of whom had worked at Lancaster Pollard (like VIUM’s founders Steve Kennedy and Kass Matt) at one point in time. But their latest addition will come from National Center for Assisted Living. NCAL Executive Director Scott Tittle announced he will leave the organization after six years and will join VIUM in September. He is joining as a Managing Director and the firm’s first Head of Government Relations and External Affairs. As a licensed attorney, Mr. Tittle brings over 15 years of experience helping assisted living and skilled nursing operators with their regulatory, reimbursement and advocacy needs.... Read More »
Lancaster Advises on Sale to Shepherd Health

Lancaster Advises on Sale to Shepherd Health

by | Jan 13, 2017 8:30 am | Acquisitions, Financings

A Miami Beach-based real estate developer/operator, Shepherd Health, is taking its services to Daytona Beach, Florida with the acquisition of a 146-unit senior living community that comes with a sterling reputation. Built in 1984, the fully occupied (and 100% private pay) community has 120 assisted living and 26 independent living units. In 2015, it was one of three Florida AL communities to have received a “Silver – Achievement in Quality” award from the American Health Care Association and the National Center for Assisted Living. That may have helped push the purchase price up to $30.5 million, or an above-average $208,904 per unit. Having been a long-term capital partner of the... Read More »