• Healthcare REIT Divests SNF to In-Place Operating Partner

    by | Apr 17, 2026 4:05 pm | Acquisitions

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »

  • Near-Stabilized AL/MC Community Lands Refinance

    by | Apr 17, 2026 12:18 pm | Financings

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »

  • Record-Setting HUD Express Lane Application to Commitment

    by | Apr 17, 2026 12:15 pm | Financings

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »

  • Large Healthcare Owner Receives Financing

    by | Apr 17, 2026 12:14 pm | Financings

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »

  • Out-of-State Owner Divests to Investor

    by | Apr 16, 2026 3:07 pm | Acquisitions

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
High-End Medicaid Assisted Living

High-End Medicaid Assisted Living

by | Aug 23, 2021 9:24 am | Opinion

More than 25 years ago, when private-pay assisted living burst on the scene, there was a large percentage of nursing home residents that had no other choice in their local communities, but had the financial resources to pay out-of-pocket. Many of them turned to assisted living. For those on Medicaid, the choices were slim.  We have long advocated that states could save money with their Medicaid-funded residents if Medicaid covered more assisted living for those who truly can’t afford any private pay living arrangement, especially those needing any kind of nursing care. The fear, of course, was that the Medicaid pie would expand as opposed to merely shifting where the money... Read More »
Bank Leumi Finances In Florida

Bank Leumi Finances In Florida

by | May 24, 2018 2:48 pm | Financings

Bank Leumi provided a couple of Florida financings for owners of assisted living communities. First was a five-year $9.3 million acquisition loan provided to a South Florida-based owner/operator, Priority Life Care, to purchase two senior living properties in western Broward County. The Margate community features 111 licensed beds along with memory care services, while the Davie community is smaller, with just 20 beds. They join Priority’s existing portfolio of seven properties in Florida and 11 properties in seven other states. Bank Leumi also provided a $4.8 million, three-year term loan to refinance a 75-bed assisted living community in Orlando, Florida. The borrower, a Florida-based... Read More »
Vacancy in Dade City

Vacancy in Dade City

by | Feb 1, 2017 8:30 am | Acquisitions

Birchwood Health Care Properties just added the 21st property to its seniors housing portfolio, but with one catch: the community is vacant. Located in Dade City, Florida (about 30 miles inland between Tampa and Orlando), the target was originally built as a hotel and converted to include 230 units of seniors housing. As recently as early 2015, it served over 200 residents but ran into clinical and operational challenges under its previous management. So in comes Birchwood, which along with operator Priority Life Care will invest $750,000 in renovations. Plus, pre-marketing and construction planning was initiated well before this transaction’s closing in early January in anticipation of a... Read More »

CareTrust expands

by | Mar 3, 2016 9:18 pm | Acquisitions

CareTrust REIT acquired a portfolio of four assisted living communities and promptly leased them back to two separate entities, creating a new tenant relationship along the way. Three of the communities, with 366 units, are located in Baltimore, Maryland, Fort Wayne, Indiana, and West Allis, Wisconsin, were purchased from and leased back to a company headed by two of the three key principals of the seller. Brother and sister team Robert and Severine Petras formed Priority Life Care, which owns and operates four seniors housing communities, and structured a sale/leaseback agreement with CareTrust to consolidate their existing partnership and complete the capitalization of the new company.... Read More »