• Eight Wisconsin Senior Care Assets Sell in Four Deals

    by | Nov 21, 2025 3:02 pm | Acquisitions

    Senior Care Realty had an active October, with a handful of deals closed by Chad Wegner and Bob Richards. The four transactions involved senior care assets spread throughout Wisconsin. In one of the transactions, Chad Wegner of Senior Care Realty sold four assisted living and memory care communities across two campuses in Wisconsin. The... Read More »

  • Public REIT Offloads SNFs Following Lease Non-Renewal

    by | Nov 21, 2025 2:48 pm | Acquisitions

    Blueprint started the fourth quarter well after selling a portfolio of skilled nursing facilities in Florida, California and Virginia, on behalf of a public REIT. The existing tenant elected not to renew its master lease, prompting the portfolio divesture. The first closing was completed in Florida for two high-quality SNFs. The two facilities... Read More »

  • Senior Care Owner/Operator Acquires AL Community

    by | Nov 21, 2025 2:45 pm | Acquisitions

    Dan Mahoney and Dillon Rudy of Blueprint were engaged by a Louisiana-based not-for-profit owner/operator to market a 40-unit assisted living community in the Inland Northwest region of Idaho. The property maintained a steady resident base and in-place HUD financing. The organization was divesting because the asset no longer geographically aligned... Read More »

  • Developer Divests to Capital Group

    by | Nov 21, 2025 2:42 pm | Acquisitions

    A Class-A seniors housing community near Wichita, Kansas, found a new owner thanks to Evans Senior Investments. The seller developed the community in 2014 and has operated it since then. There are 101 units of independent living, assisted living and memory care. Occupancy was consistent around 90%, and the operating margin was in the high-20s,... Read More »

  • Stellar Senior Living Finances Arizona Community

    by | Nov 21, 2025 2:40 pm | Acquisitions, Financings

    Marcus & Millichap arranged $22 million in financing for The Springs of Scottsdale, a 143-unit independent living community in Phoenix, Arizona. Paul Winterowd secured the financing with a national life insurance company on behalf of Stellar Senior Living. The sponsor secured a five-year loan at 60% loan-to-value, with a competitive interest... Read More »
Healthpeak Expands Oakmont Relationship

Healthpeak Expands Oakmont Relationship

by | Dec 20, 2019 6:00 am | Acquisitions

Healthpeak is yet again expanding its relationship with Oakmont Senior Living, after already making a couple of acquisitions with the operator earlier this year. The two companies entered into an agreement that provides Healthpeak the option to acquire up to 24 of Oakmont’s seniors housing development pipeline, when Oakmont decides to sell. Concentrated in California, the communities will have a projected aggregate value of approximately $1.3 billion. They will be offered for sale in tranches from 2020 to 2023, including about $200 million in expected sales in the first half of 2020. Once offered, the REIT will have the option to acquire each applicable tranche based on a pre-determined... Read More »
HCP Is Making Moves

HCP Is Making Moves

by | May 6, 2019 7:01 am | Acquisitions

HCP, Inc. caused a stir this month with a couple of large acquisitions totaling $558 million. The industry hasn’t seen that kind of large-scale activity in some time, as many of the REITs seemed to be biding their time, at least for big acquisitions. Occupancy woes, overdevelopment and higher labor costs seemed to be some of the causes for that added caution. HCP themselves were some of the biggest sellers recently, having sold $1.5 billion in seniors housing assets over the past five quarters. But now, HCP is jumping back into the seniors housing M&A pool with a couple of acquisitions of new, high-quality assets. The properties’ ages should help assuage some of those occupancy... Read More »

Greystone’s Freddie Mac First

by | Apr 5, 2017 7:00 am | Financings

In a first for the seniors housing industry, Greystone closed Freddie Mac’s first-ever lease-up loan for a client in Northern California. More common in the multifamily market, the lease-up program is for experienced clients to lock-in low interest rates earlier in the process for refinancing newly-built properties. Now, for a just-built 66-unit assisted living/memory care community in San Jose, the team of Scott Kavel, Neal Raburn and Cary Tremper of Greystone provided a $27.5 million Freddie Mac loan, with an 11-year term, 30-year amortization and a fixed interest rate. The loan takes out the original construction loan just three months after the community opened. We suspect lease-up was... Read More »
Greystone goes to Freddie Mac

Greystone goes to Freddie Mac

by | Aug 3, 2016 8:14 am | Financings

Greystone provided more than $49.4 million in Freddie Mac loans to refinance two assisted living/memory care communities in Carmichael, California and Denver, Colorado. First, Oakmont Senior Living received a $25.15 million loan, with a 10-year fixed rate and 30-year amortization, for its newly constructed 71-unit AL/MC community in Carmichael. Then, Spectrum Retirement Communities obtained a $24.25 million loan to refinance its 97-unit AL/MC community in Denver. The Freddie Mac Capital Markets Execution loan carried a seven-year term and three years of interest-only. Scott Kavel and Cary Tremper led the way for Greystone on these transactions. Also from Greystone, Mike Garbers and Cody... Read More »

Greystone and Oakmont at it again

by | Aug 19, 2015 8:32 am | Financings

Greystone expanded its relationship yet again with Oakmont Senior Living. Having previously provided a $150 million Freddie Mac credit revolver (including an additional $23.5 million tranche provided last month) and an $18.8 million Freddie Mac loan for Oakmont’s Fresno, California property, Greystone continued its work by closing a $58.34 million Freddie Mac refinance for Oakmont’s 163-unit independent living community in Santa Rosa, California. The financing came to $358,000 per unit. This 10-year loan was funded through Freddie Mac’s Index Lock product, which enables the borrower to lock in the existing 10-year Treasury rate prior to commitment. Greystone was able to procure a fixed... Read More »