• Investment Firm Acquires in Missouri

    Investment firm Lapis Advisers purchased a seniors housing asset out of state receivership in Kansas City, Missouri. The CCRC was distressed, having struggled with COVID-related challenges as well as a limited access to capital in recent years.  Kingswood Senior Living features 185 independent living (65 of which are large duplex cottages),... Read More »
  • Global Investment Firm Sells Community with Strong Momentum

    A global real estate investment firm sold an independent living community in Iowa, engaging Blueprint’s Kory Buzin, Dillon Rudy and Steve Thomes to get the deal done. Built in 2002, the four-story community features 121 units, mostly with two-bedroom options. It appears to be The Arbordale in Urbandale, which was acquired in 2020 by Omaha,... Read More »
  • Large Operator Adds Turnaround Campus to Portfolio

    A senior care campus in Ohio found a new owner with the help of Kiser Group. Set on 26 acres in a rural market east of Cleveland, the property features 76 skilled nursing beds, five assisted living units and three independent living units. It was originally built in 1950 but expanded through multiple additions between 1965 and 2001.  At the... Read More »
  • Texas Skilled Nursing Portfolio Sells

    A portfolio of skilled nursing facilities traded hands in Texas before the end of the year. There are two assets in the Lubbock area and two in Central Texas that are located northwest of Austin. They comprise more than 430 beds, with between 100 to 120 beds at each of the four facilities. Three of the buildings were constructed in the 1970s, and... Read More »
  • CIBC Bank’s Recent Activity

    CIBC Bank USA closed an impressive array of transactions in the last several months, totaling more than $800 million in credit facilities across the country. The largest transaction was an $85 million (with earn-outs) debt package for a senior care portfolio in the Northeast. The debt included a senior term loan and a mezzanine loan to refinance... Read More »
Newmark Knight Frank Closes Three Varied Transactions

Newmark Knight Frank Closes Three Varied Transactions

The Newmark Knight Frank debt origination team has been hard at work this year, closing $1.6 billion in new financings so far this year. Heidi Brunet, who joined this April, and Chris Johnson handled a Freddie Mac financing for a newly built independent living community in Aurora, Colorado. The 10-year, fixed-rate, pre-stabilized loan totaled $43 million. Ms. Brunet and Laura McDonald of Protective Life also refinanced two assisted living/memory care communities in Virginia and Pennsylvania with a $43 million loan. An experienced owner/operator opened these communities in June of this year. Finally, Sarah Anderson of Newmark arranged acquisition financing for two AL/MC communities in Boca... Read More »