• LTC Properties Divests More SNFs

    by | Oct 23, 2025 12:47 pm | Acquisitions

    LTC Properties has completed its effort to divest seven skilled nursing facilities after one of its top 10 operating partners decided it was not renewing its master lease for these facilities, instead choosing to downsize and exit some states. In early October, the REIT announced that it sold two of the skilled nursing facilities in Florida for... Read More »

  • PE Firm Divests to Cedarhurst Senior Living

    by | Oct 23, 2025 12:47 pm | Acquisitions

    Cedarhurst Senior Living announced that it acquired The Enclave of East Louisville, now known as Cedarhurst of East Louisville. The Class-A Kentucky community delivered strong occupancy and stable margins, and there is potential to increase the property’s NOI in the short term. Built in 2012, it features 56 assisted living and 24 memory care... Read More »

  • Northeast Owner/Operator Enters Pennsylvania

    by | Oct 23, 2025 12:46 pm | Acquisitions

    A personal care home in Pennsylvania was sold with the help of Jeff Binder, Bradley Clousing, Dan Geraghty, Dave Balow and Lucas Doll of Senior Living Investment Brokerage. It was built in 1998 and sits within the Pittsburgh metropolitan area. The seller was a national owner/operator that deemed the property to no longer fit in its long-term... Read More »

  • Benchmark Senior Living Adds to Its Garden State Portfolio

    by | Oct 23, 2025 12:45 pm | Acquisitions

    In its joint venture with the vertically integrated real estate investment firm National Development, Benchmark Senior Living continues to grow through single-asset deals, adding another New Jersey property to its portfolio. Benchmark acquired Arbor Terrace Roseland, a 85-unit assisted living/memory care community in Roseland, about 15 miles west... Read More »

  • MidCap Financial and CBRE Originate Refinance

    by | Oct 23, 2025 12:44 pm | Financings

    MidCap Financial closed a $17.5 million first mortgage loan. The floating rate loan refinanced the existing indebtedness on a stabilized Class-A seniors housing community in the Boise, Idaho, market. The property in Meridian is owned by experienced real estate company Gold Stream Retirement Communities, and it is managed by Grace Management,... 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 »