• CareOne/Cardinal Purchase Pennsylvania Property

    by | Jul 17, 2025 1:04 pm | Acquisitions

    Blueprint was brought on by a Boston-based real estate investment and development firm in its divestment of a non-core seniors housing community in Quakertown, Pennsylvania. Built in 1989, Independence Court of Quakertown is an 89-unit, 116-bed assisted living community. Occupancy struggled to fully recover from pandemic-era lows, pushing the... Read More »

  • Two Separate Transactions Close in California

    by | Jul 17, 2025 1:03 pm | Acquisitions

    The Reis Team at Marcus & Millichap handled two separate closings in California. First was a lease transaction for an assisted living community in Southern California with 260 beds. The real estate is owned by a local investor, and the team sourced a growing California-based operator that was looking to expand its footprint in the... Read More »

  • Town Lane Acquires Two Communities and Recapitalizes a Third

    by | Jul 17, 2025 1:02 pm | Acquisitions, Financings

    Discovery Senior Living announced the recapitalization and closing of three Class-A, purpose-built, independent living, assisted living and memory care communities: Discovery Village at Naples (Naples, FL), Discovery Village at Sarasota Bay (Sarasota, FL) and Discovery Village at Castle Hills (Lewisville, TX).  All three communities were... Read More »

  • Oxford Finance’s Healthy First Half of 2025

    by | Jul 17, 2025 1:00 pm | Financings

    Oxford Finance announced a healthy first half of 2025, with more than $715 million in new loan commitments during that period. The largest transaction saw Oxford provide a $234.9 million term loan and a $22.0 million revolving line of credit to refinance four behavioral health facilities and finance the acquisition of 13 skilled nursing... Read More »

  • Cambridge Realty Capital Provides HUD Loans

    by | Jul 17, 2025 12:58 pm | Financings

    Cambridge Realty Capital provided $19.316 million in HUD-insured Section 223(f) financing for two seniors housing assets in Texas and Missouri. The Texas financing was provided for the purchase of Ashwood Court, a 120-bed assisted living community in North Richland Hills. The Missouri financing was provided for the refinance of Northland... Read More »

Pressure on Brookdale To Pump Up Value

by | Feb 10, 2015 4:27 pm | 60 Seconds, Opinion

A dissident shareholder has emerged trying to pressure Brookdale Senior Living to monetize its real estate assets. With Brookdale Senior Living’s weak fourth quarter earnings announcement came the dissident shareholder response from Sandell Asset Management. They want Brookdale to monetize the value of the real estate owned to boost the share price by nearly 35%, taking advantage of higher REIT valuations. Sorry, but it just isn’t that easy. Sandell’s proposal is to spin out the real estate, most likely in a new REIT in a tax-free distribution to shareholders. Well, that’s fine, but if it sale/leasebacks on 35,000 units, what about those rent escalators on such a large portfolio? Would it... Read More »

Ventas Closes ARC Deal

by | Jan 20, 2015 5:33 pm | 60 Seconds, Acquisitions, Opinion

American Realty Capital Healthcare Trust shareholders trade their shares for Ventas shares. At the end of last week, Ventas closed on its acquisition of American Realty Capital Healthcare Trust. The deal was first announced last June 2 as a stock-for-stock transaction valued at about $2.6 billion, with up to 10% of the ARC shares redeemable for cash. At the time, Ventas was trading at about $66 per share, but its shares have increased by almost 17% to $77 since then. Fewer than one million shares of ARC took the cash option, with almost all shareholders taking the Ventas stock. And why not? The shares had appreciated, Ventas has a growing dividend, interest rates aren’t going anywhere... Read More »