• Focus Healthcare Partners Acquires in Minnesota

    by | Feb 21, 2025 3:58 pm | Acquisitions

    Focus Healthcare Partners acquired a seniors housing community that comprises 288 units in Maple Grove, Minnesota. Located 12 miles northwest of downtown Minneapolis, the community, SilverCreek on Main, was built in three phases between 2015 and 2024 by Ryan Companies.  The original independent living, assisted living and memory care... Read More »

  • Harborside CCRC Sale Approved

    by | Feb 21, 2025 3:47 pm | Acquisitions

    Focus Healthcare Partners’ purchase of a struggling CCRC on Long Island has gone through the ringer, but Chief Judge Alan S. Trust of the US Bankruptcy Court for the Eastern District of New York just approved the sale under modified terms, which should close within the next two months. The property attracted some attention in late 2024 when New... Read More »

  • Imagine Senior Living Acquires in Texas

    by | Feb 21, 2025 3:46 pm | Acquisitions

    An owner/operator of independent living, assisted living and memory care communities acquired a seniors housing community in Amarillo, Texas. Built in 2000, The Reserve at Amarillo features assisted living and memory care units. The buyer, Imagine Senior Living, has an established footprint with communities in Texas, Idaho, Oregon, Washington,... Read More »

  • Brookdale Senior Living: Slow and Steady

    by | Feb 20, 2025 3:14 pm | Opinion

    Brookdale Senior Living released its fourth quarter and full-year earnings results this week, and all we can say is that the improvements, while welcomed, are slow and steady. Management has had a lot on its plate the past 18 months or so in a post-pandemic environment, but things like occupancy are moving up, but not as fast as for others. The... Read More »

  • Three Communities Trade Hands in Pacific Northwest

    by | Feb 20, 2025 3:12 pm | Acquisitions

    Blake Bozett and Spud Batt of The Zett Group shot out of the gates in 2025, closing three separate transactions in the Pacific Northwest so far this year. The largest was for an 88-unit seniors housing community in central Washington which closed this week. Owned by a regional operator based in Washington, this community consists of 36... Read More »
Providence Group Acquires Plum Healthcare Group

Providence Group Acquires Plum Healthcare Group

by | Nov 9, 2021 4:37 pm | Acquisitions

Providence Group has acquired Plum Healthcare Group, California’s second-largest skilled nursing facility operator, in an effort to expand Providence’s reach in the western United States. The deal includes Plum’s 58 properties that sold for an undisclosed amount, including 57 nursing homes and one assisted/independent living community, plus the real property on ten of the assets. There are 54 facilities in California and four in Nevada. Capital Funding Group provided financing for the deal.  Plum’s average census as of November 5 was 83%, which is an enviable figure for many in the industry. Helping with the transition is the fact that Providence’s C-Suite leadership have worked with... Read More »
Lancaster Pollard Refinances Plum Portfolio

Lancaster Pollard Refinances Plum Portfolio

by | Jan 16, 2020 4:03 pm | Financings

It’s been quite a lucrative relationship between Lancaster Pollard and California-based skilled nursing operator, Plum Healthcare Group. About 18 months ago, Grant Goodman, Jason Dopoulos, Joe Munhall and Elliot Kaple secured $400 million in bridge financing from Credit Suisse on 27 skilled nursing facilities in California owned by Plum. However, that was short-term, corporate-level recourse-based debt, which did not give Plum much capital flexibility. So, upon closing of that transaction, Lancaster Pollard immediately began work on a HUD refinance, and the time has now come. On behalf of 26 of those facilities, Messrs. Goodman, Dopoulos and Kaple led the way on a $420 million HUD... Read More »