• 60 Seconds with Steve Monroe: Mad as Hell

    by | Jun 25, 2024 3:55 pm | 60 Seconds, Opinion

    We are halfway through the year, and I am already angry. Angry at what, you may ask? All the interference from government, both elected officials and the bureaucrats. From people who think they understand how seniors housing should work. From the unions. From the anti-PE firm groups. I always say, do a few 12-hour shifts, or move in for a few... Read More »

  • Focus Healthcare Partners Set for Growth, Again

    by | Jun 25, 2024 3:51 pm | Acquisitions

    A familiar buyer is set to be very busy in the next year of seniors housing M&A activity, as Focus Healthcare Partners has closed on its Focus Senior Housing Fund II LP and raised approximately $370 million in capital commitments for it. The closed-end, commingled discretionary real estate fund will target private pay seniors housing assets... Read More »

  • Inspired Healthcare Acquires Class-A Community in Texas

    by | Jun 25, 2024 3:49 pm | Acquisitions

    Berkadia facilitated the sale of a Class-A seniors housing community in New Braunfels, Texas. Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders handled the transaction on behalf of Biloxi, Mississippi-based LifeCare Properties, a wholly owned subsidiary of Comvest Properties. The buyer was Scottsdale, Arizona-based Inspired Healthcare... Read More »

  • CFG Originates HUD Financing Package

    by | Jun 25, 2024 3:47 pm | Financings

    Capital Funding Group announced the closing of a $42 million HUD financing package on behalf of a nationally recognized borrower. The package included three loans supporting the refinance of existing bridge loans for three skilled nursing facilities: a $9.8 million HUD loan to support an 80-bed facility in Idaho, a $21.6 million HUD loan to... Read More »

  • Dwight Capital Finances SNF Portfolio Deal

    by | Jun 25, 2024 3:46 pm | Acquisitions, Financings

    Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime Southeast urban markets in Georgia (Atlanta), Tennessee (Memphis), Alabama (Mobile) and Louisiana (Shreveport). The properties include Bell Minor Home, Cambridge Post Acute Care... 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 »