• 60 Seconds with Swett: M&A Activity Tops 350 Deals in H1:25

    by | Jul 1, 2025 3:47 pm | 60 Seconds

    In the second quarter of 2025, there were 176 publicly announced transactions, a preliminary number that is almost certain to increase in the weeks ahead. That brings our total for the first half of the year to 355 deals, or 710 on an annualized basis. Considering we finished 2024 with 716 total deals, which was a record by far, we are in a good... Read More »

  • Bloom Exits South Carolina’s Seniors Housing Market

    by | Jul 1, 2025 3:46 pm | Acquisitions, Financings

    Kandu Capital, LLC, and its operating company, Bloom Senior Living, collectively known as Bloom, sold its final seniors housing community in South Carolina. The company is seeking realignment as it exits the state after a decade-long presence in the region. The 129-unit independent living and memory care community, which is in Bluffton, sold for... Read More »

  • Improving Ohio SNF Sees Strong Price

    by | Jul 1, 2025 3:44 pm | Acquisitions

    Ryan Saul of Senior Living Investment Brokerage secured a strong price for a skilled nursing facility in Cincinnati, Ohio. Built in 1965, the facility was originally licensed for 199 beds, but the decision was made to strategically reduce the beds to 167 to save on provider tax and improve the Medicaid rate.  The facility struggled for many... Read More »

  • Stacked Stone Ventures Makes Major SNF Acquisition

    by | Jul 1, 2025 3:43 pm | Acquisitions

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, has made a major acquisition in the skilled nursing sector, acquiring nine skilled nursing facilities for approximately $33 million, or $66,000 per bed, at a 13% cap rate. Stacked Stone bought the portfolio in a joint venture with Praxis Capital from a large... Read More »

  • Tremper Capital Group Announces Two Refinances

    by | Jul 1, 2025 3:42 pm | Financings

    Tremper Capital Group announced a couple of refinances at the end of the second quarter for seniors housing clients. The first was arranged on behalf of Kisco Senior Living for its 333-unit entrance-fee CCRC in Palm Beach Gardens, Florida. Built in 2004, the campus was acquired by Kisco as part of a larger CCRC deal in 2013, and since then it... Read More »
A Popular transaction

A Popular transaction

by | Oct 4, 2016 1:02 pm | Financings

Popular Community Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP), provided financing to assist Centers Health Care in acquiring a formerly struggling 405-bed skilled nursing facility in Bronx, New York. Centers had been operating the facility under receivership since 2013, when it was losing money under not-for-profit ownership. Now the facility is profitable, and Centers added a new 70-bed New York State Assisted Living Program unit, which is eligible for Medicaid reimbursement. To fund the acquisition, Andrew Boland of Popular closed a $46.6 million acquisition mortgage and a $5 million leasehold improvement line of credit. Read More »

Three more Popular closings

by | Jul 21, 2016 8:01 am | Acquisitions, Financings

Popular Community Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP), was busy this month, closing a couple of term loans along with five separate credit facilities. Ken Mitchell, who leads the National Healthcare Financing Division of Popular, closed both an $18 million loan and a $13 million loan for Grand Healthcare System to exercise purchase options on a 179-bed skilled nursing facility in Queens, New York and a 122-bed skilled nursing facility in the Hudson Valley area of New York. Grand had been operating the facilities since 2014, both of which occupancy above 95% and strong quality mixes. Plus, the Queens facility recently opened a 14-bed unit to serve stroke patients. As for the... Read More »
A Popular deal

A Popular deal

by | Jun 7, 2016 6:46 pm | Acquisitions, Financings

Popular Community Bank, a subsidiary of Popular, Inc., closed a three-for-one financing for a Staten Island skilled nursing facility. The 372-bed facility includes a fully occupied 72-bed neuro-behavioral unit that is one of two in downstate New York. The operator, Centers Healthcare, acquired the then-300-bed facility in 2012 for $34 million, or $113,333 per bed, from St. Vincent Medical Center when the hospital was going through financial difficulties. Centers plans to add another 72 beds to its neuro-behavioral unit, for which Popular secured a $9 million leasehold improvement line of credit. In addition, the bank provided a $32 million mortgage to replace the facility’s existing... Read More »