• Investment Firm Acquires in Missouri

    by | Jan 20, 2026 4:43 pm | Acquisitions

    Investment firm Lapis Advisers purchased a seniors housing asset out of state receivership in Kansas City, Missouri. The CCRC was distressed, having struggled with COVID-related challenges as well as a limited access to capital in recent years.  Kingswood Senior Living features 185 independent living (65 of which are large duplex cottages),... Read More »

  • Global Investment Firm Sells Community with Strong Momentum

    by | Jan 20, 2026 4:06 pm | Acquisitions

    A global real estate investment firm sold an independent living community in Iowa, engaging Blueprint’s Kory Buzin, Dillon Rudy and Steve Thomes to get the deal done. Built in 2002, the four-story community features 121 units, mostly with two-bedroom options. It appears to be The Arbordale in Urbandale, which was acquired in 2020 by Omaha,... Read More »

  • Large Operator Adds Turnaround Campus to Portfolio

    by | Jan 20, 2026 4:04 pm | Acquisitions

    A senior care campus in Ohio found a new owner with the help of Kiser Group. Set on 26 acres in a rural market east of Cleveland, the property features 76 skilled nursing beds, five assisted living units and three independent living units. It was originally built in 1950 but expanded through multiple additions between 1965 and 2001.  At the time... Read More »

  • Texas Skilled Nursing Portfolio Sells

    by | Jan 20, 2026 3:57 pm | Acquisitions

    A portfolio of skilled nursing facilities traded hands in Texas before the end of the year. There are two assets in the Lubbock area and two in Central Texas that are located northwest of Austin. They comprise more than 430 beds, with between 100 to 120 beds at each of the four facilities. Three of the buildings were constructed in the 1970s, and... Read More »

  • CIBC Bank’s Recent Activity

    by | Jan 20, 2026 3:56 pm | Acquisitions, Financings

    CIBC Bank USA closed an impressive array of transactions in the last several months, totaling more than $800 million in credit facilities across the country. The largest transaction was an $85 million (with earn-outs) debt package for a senior care portfolio in the Northeast. The debt included a senior term loan and a mezzanine loan to refinance... Read More »
Leaving with Grace

Leaving with Grace

by | Sep 21, 2016 8:30 am | Opinion

While attending the NIC conference in Washington, D.C. last week, I learned that Gene and Mari Jo Grace of Grace Management are retiring after nearly 33 years in the seniors housing and care business. I have known them for most of that 33 years, and I feel like the industry is losing not only two very top-notch professionals, but two friends. The respect they command, and the friendship they have shown to so many over the years is unparalleled, not to mention the depth of their industry knowledge and history. They have seen it all. Two years ago, they sold their company to Chicago Pacific Founders (CPF) but continued on in their roles. In those two years, with the help of John Rijos and... Read More »
Welcome to NIC

Welcome to NIC

by | Sep 14, 2016 7:32 am | 60 Seconds, Opinion

As we all descend upon D.C., please take some time to stop and chat with us at the conference. So, the 26th annual NIC Conference is upon us. I wonder what the big topic will be this year, if any. In years past there have been exciting developments right before or during the conference, such as Sunrise Senior Living’s share price plunging, or Formation Capital’s billion dollar plus sale of SNFs to GE, or last year the spin-off of skilled nursing assets by Ventas into a new REIT. Will people be talking about Welltower’s billion-dollar acquisition of Vintage Senior Living? Or will it be the upcoming skilled nursing spin-off by HCP? Whatever it is, we will be listening and trying to discern... Read More »

Riding Into NIC With A Market Disconnect

by | Sep 30, 2015 8:34 am | 60 Seconds, Opinion

With the 25th annual NIC Conference upon us, the public markets seem to be crashing, and Brookdale Senior Living will be topic number 1. If you can believe it, this will be my 25th straight NIC annual conference. Yes, every one of them since the first one in Washington, D.C. when there were maybe 500 attendees. I happened to be one of the plenary speakers, giving the state of the skilled nursing market report. The funny thing was, the NIC organizers had to send someone to “check me out” to see if I was legit. Well, I hope over the last 25 years I have been successful in establishing my legitimacy. But you never know. As we all arrive today in Washington, perhaps the biggest topic will be... Read More »