• Did Blackstone Sell Too Soon?

    by | Nov 7, 2025 4:25 pm | Acquisitions

    According to recent media reports, real estate investor The Blackstone Group has sold and is in the process of selling about $1.8 billion in seniors housing assets. It wants to completely exit the seniors housing business which they claim has been a disaster for them. One report stated that they have lost upwards of $600 million across the... Read More »

  • Brookdale Continues Winning Streak

    by | Nov 7, 2025 4:24 pm | Uncategorized

    The big question is, why did this not happen earlier? We are talking about Brookdale Senior Living’s occupancy recovery, and why the previous leadership seemed unable to move the needle, but as soon as they were gone, everything has been on an upward trend. Hmmmmm.  Things are not perfect at Brookdale, but they never were. However,... Read More »

  • National Health Investors Adjusts Its SHOP Portfolio

    by | Nov 7, 2025 4:22 pm | Acquisitions

    National Health Investors, Inc. announced some adjustments to its SHOP portfolio, raising its full-year guidance for the third consecutive quarter due to the contribution of recently transitioned and newly acquired SHOP properties, along with continued strength in its investment pipeline. The REIT also had an update on its lease agreement with... Read More »

  • Strawberry Fields’ Three Separate SNF Transactions

    by | Nov 7, 2025 4:21 pm | Acquisitions

    Strawberry Fields REIT, Inc. announced three separate skilled nursing transactions that closed during the third quarter. Two previously announced acquisitions were in Missouri, and the recently announced purchase was in Oklahoma.  In July, the REIT completed the acquisition of nine skilled nursing facilities with 686 beds in Missouri. The... Read More »

  • Receivership Estate Sells in Alabama

    by | Nov 7, 2025 4:20 pm | Acquisitions

    Kory Buzin and Steve Thomes of Blueprint handled another successful sale on behalf of a lender and special servicer, this time involving a receivership estate in Mobile, Alabama. Knollwood Point, a 2001-vintage, 46-unit assisted living and memory care community, struggled in recent years as a result of challenged occupancy and volatile staffing.... 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 »