• Inland Acquires Class-A Asset

    Inland Real Estate Acquisitions announced its acquisition of a high-end seniors housing community in Monument, Colorado (between Colorado Springs and Denver). We heard about the Class-A transaction about six weeks prior, when Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage announced their... Read More »
  • Institutional Investor Acquires Oklahoma SNF at Record Price

    A private investor looking to exit the skilled nursing business to focus on other ventures recently sold its Oklahoma City, Oklahoma, asset. The building is one of the newest skilled nursing facilities in the state.  The facility had a strong census at the time of sale, but there was some upside with a shift in the operating model. Daniel... Read More »
  • PE Firm Sells Community in Texas

    A seniors housing community in the Dallas-Fort Worth MSA recently traded with the help of Nick Stahler, Austin Diamond and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap. The large community, which features more than 200 units and 230,000 square feet, includes 163 independent living, 42 assisted living 15 and memory care units.... Read More »
  • DST Investor Buys Idaho MC Community

    A leading DST investor recently acquired a memory care community in northern Idaho. Set in the town of Rathdrum, about 25 miles northeast of Spokane, Washington, Generations Memory Care features 48 private units and is managed by Senior Services of America, an experienced regional operator with 15 properties in Washington, Oregon and Idaho. It... Read More »
  • Thrive Adds Three Assets in Georgia

    Thrive Senior Living grew its presence in its home state of Georgia, with the addition of three seniors housing communities. Developed by the Sawyer family between 2019 and 2022, the communities operated under the At Home Senior Living brand and are located in Cochran, Thomson and Jesup. Beginning in 2024, Thrive partnered with the Sawyer family... Read More »
Lancaster Pollard Shows Off Its Variety

Lancaster Pollard Shows Off Its Variety

Lancaster Pollard Mortgage Company is keeping busy, having announced two transactions for senior care assets in the Midwest. First, Brad Competty, Casey Moore and Doug Harper closed a $42 million Fannie Mae loan with a 12-year term and fixed interest rate for a CCRC client. Mr. Competty and Brendan Healy followed that up with a HUD refinance for two senior care properties in Detroit, Michigan. Owned by Riverview Health, the properties getting refinanced include a 176-bed skilled nursing facility and a 196-bed SNF. Riverview was also reimbursed for prior capital expenditures and replacement reserves. Finally, Lancaster Pollard arranged a bridge loan to fund the acquisition of a 125-bed... Read More »

Handing over the reins

The joint venture owner of a 283-unit entrance fee CCRC in Brentwood, Tennessee recently reshuffled its ownership, with a minority stakeholder acquiring the 70% share from partner and co-developer, Westminster Capital. Back in 2007, Westminster, Harpeth Green Properties (the current buyer) and LCS developed the community on nearly 50 acres. It featured 217 independent living units, a 66-bed skilled nursing facility and a stand-alone adult day care building. Plus, an additional phase of development is scheduled to start sometime in the next year, and will include 97 more IL units, a 350-seat auditorium and an 11,000-square foot health center. LCS’s affiliate, Life Care Services, operates... Read More »