• 60 Seconds with Swett: The Problem with CMS Interpretive Guidelines

    Just a day after we highlighted the potential downsides of overregulation of assisted living from the federal level, a case of regulatory overreach involving a nursing home just headed to the U.S. Court of Appeals for the Fourth District in hopes of overturning a $1.8 million civil monetary penalty. Without getting into the minutiae too much, the... Read More »
  • Kayne Anderson Fund Tops Target

    The familiar refrain continues, with more capital continuing to flow into the seniors housing industry, property prices should keep rising. Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., has closed the largest opportunistic equity fund in its history, at more than 70% above its initial... Read More »
  • Well-Performing Full-Continuum Community Sells

    Blueprint announced its role in the sale of Morningstar at Golden Ridge, a seniors housing community in Peoria, Arizona (Phoenix MSA). Built in 2019, the community has 38 independent living, 65 assisted living and 35 memory care units. It is nearly fully occupied. The community is one of the newest and most well-appointed assets within a... Read More »
  • Kaplan Development Divests to Cedarwood Group

    Cedarwood Group closed its acquisition of Saranac Village at Will Rogers, a 75-unit independent living community in Saranac Lake, New York. The seller was Kaplan Development Group, which took over Will Rogers after the first year of it being open as a senior living community. The community was originally built in 1928 as a Tudor-style... Read More »
  • Omega Welcomes New CEO and CFO

    Omega Healthcare Investors, Inc.’s President, Matthew Gourmand will become the REIT’s Chief Executive Officer in conjunction with the planned retirement of Taylor Pickett, effective October 1, 2026. Pickett will also step down from the Board of Directors upon his retirement, and the Board of Directors intends to appoint Gourmand to the Board,... Read More »
Lancaster Pollard Secures Another Agemark/Protective Life Financing

Lancaster Pollard Secures Another Agemark/Protective Life Financing

Grant Goodman, Doug Harper and Casey Moore of Lancaster Pollard worked on behalf of Agemark Senior Living Communities to refinance its 36-unit memory care community in Kearney, Nebraska. Placed with Protective Life Insurance Company, the $8 million term loan also allowed Agemark to extract equity from the property. The parties involved in this transaction have been seeing a lot of each other in the past year. Lancaster Pollard and Agemark have worked together to close three transactions through Protective Life in that time. Most recently, Agemark refinanced two other Nebraska memory care communities with 10-year, fixed-rate financings. Read More »
Lancaster Pollard Hits the Mark With Life Insurance Financing

Lancaster Pollard Hits the Mark With Life Insurance Financing

Grant Goodman, Casey Moore and Doug Harper of Lancaster Pollard helped structure a life insurance refinance of two memory care communities owned by Agemark Corporation. Both located in Nebraska and totaling 75 units, the properties were encumbered with traditional bank debt. Looking to lock in their interest rate early in this rising rate environment, Agemark was introduced to Protective Life Insurance Company to obtain a 10-year, fixed-rate financing. This was the first transaction between the two but may not be the last. Read More »