• National Health Investors in the Mood to SHOP

    by | Aug 8, 2025 1:55 pm | Opinion

    National Health Investors posted another good quarter and, like many other companies, increased their earnings guidance for the rest of the year based on current performance as well as expected new investments. The REIT’s small SHOP portfolio posted a 29.4% year-over-year increase in NOI and will be transitioning six communities to the portfolio... Read More »

  • KIRCO Refinances Class-A Community

    by | Aug 8, 2025 1:48 pm | Financings

    Berkadia announced the refinancing of Monark Grove Madison, a Class-A, 132-unit, independent living and memory care community developed and owned by Michigan-based KIRCO. Steven Muth, Austin Sacco, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured a loan through a national bank. The deal closed on July 15 after... Read More »

  • BMO Closes Facility for MCAP Acquisition

    by | Aug 8, 2025 1:48 pm | Acquisitions, Financings

    BMO’s Healthcare Real Estate Finance group closed a large facility to facilitate the acquisition and renovation of nine seniors housing communities in Virginia. Totaling more than 780 beds, the portfolio will continue to be managed by Commonwealth Senior Living on behalf of the new owner, Municipal Capital Appreciation Partners (MCAP).  This was... Read More »

  • Stellar Turns to Acquisitions with New JV

    by | Aug 8, 2025 1:46 pm | Acquisitions

    Stellar Senior Living announced the close of its first joint venture with $20 million in capital commitments. Stellar’s partner is a large private equity firm, and the joint venture will provide funding to acquire 10 to 15 seniors housing communities over its term. The first acquisition under this new venture is The Grand at Broomfield Assisted... Read More »

  • Florida Not-For-Profit Secures Financing

    by | Aug 8, 2025 1:32 pm | Financings

    Ziegler announced the closing of Oak Hammock at the University of Florida’s $93.5 million Series 2025 bonds issued through the Alachua County Health Facilities Authority. This is the third transaction Ziegler has completed for Oak Hammock, a Florida not-for-profit corporation that owns and operates a CCRC in Gainesville, Florida.  The... 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 »