• LTC Properties Buys into SHOP Growth

    LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net... Read More »
  • Portland IL/AL Community Finds New Purpose in Multi-Family

    Calaroga Terrace has traded hands, from a national owner/operator to a regional developer. The community sits is north of the Oregon Convention Center, in downtown Portland, Oregon. Built in 1968 and renovated in 2016, the 15-story high rise is situated on just under one acre and features 181 independent living and 84 assisted living units. The... Read More »
  • New England SNFs Struggling to Breakeven Sell

    Blueprint represented a private equity investor in its divestment of a 302-bed skilled nursing portfolio in New England. The facilities had challenged occupancies, however, they generated approximately $27 million in revenue. Inflated operating costs took its toll on EBITDAR, with the asset struggling to breakeven. Dubbed Project Red Coats, the... Read More »
  • Assisted Living Portfolio Secures Refinance

    Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Steve Muth, Garrett Sacco, Austin Sacco and Alec Rosenfeld arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior... Read More »
  • Lument Rolls Out Seniors Housing Investment Sales Platform

    Alex Florea and Kevin Lukehart have joined the Lument team as managing director and director, respectively. This expands Lument’s real estate investment sales platform into seniors housing. Florea will lead the team, working closely with John Sebree, head of real estate investment sales, and Aaron Becker, head of seniors housing and healthcare... Read More »
Preparing for the Future of Seniors Housing

Preparing for the Future of Seniors Housing

On October 15th, subscribers to The SeniorCare Investor and members of the American Seniors Housing Association (ASHA) met at the Duane Morris offices in New York City to discuss a topic relevant to many of our readers: the future of the seniors housing market in the 2020s and beyond. Where do you begin on a topic like that? Well, Steve Monroe led a panel discussion with Wayne Kaplan of Premier Senior Living Group, Matthew Whitlock of Berkshire Residential Investments, Jeffrey Sands of HJ Sims, Steven Krieger of Engel Burman and Meredith Oppenheim, an industry expert and alum of Sunrise Senior Living and Ventas. The conversation was wide ranging, but here were some of the key takeaways:... Read More »
A Premier Purchase

A Premier Purchase

Premier Senior Living Group added a 23rd seniors housing community to its portfolio, and entered the Pennsylvania market at the same time. Founded by industry veterans Wayne Kaplan and Robert Borsody, the New York City-based Premier Senior Living already had operations in Michigan (9), New York (6), Ohio (3), North Carolina (2) and Florida (2). This new addition in Pennsylvania is located near Scranton in the town of Moosic. The stand-alone 35-unit (58 beds) memory care community was built in 1996 and is well occupied in the mid- to high-90s. Premier used its own equity to fund the $8.5 million, or $242,857 per unit, purchase price. Read More »

CareTrust’s buying spree

What has gotten into CareTrust REIT this year? When most other REITs are taking a significant step back in terms of buying, the California-based CareTrust has made 11 acquisitions, for 21 facilities, so far in 2016 (which already equals the number of facilities acquired in 2015). First, the company purchased two communities in North Carolina for $11.7 million, or $113,592 per unit, handled by Evans Senior Investments. The deal included a 16-year old 46-unit assisted living/memory care community and a 17-year old 21-unit memory care community. Premier Senior Living Group will operate the two stabilized properties. Next up, CareTrust bought a 175-unit independent/assisted living community in... Read More »