• Welltower Releases Strong Results, Again

    Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%.  In the fourth quarter, the REIT saw 400 basis points of average occupancy... Read More »
  • Omega Healthcare Investors Acquires Performing AL/MC Asset

    Omega Healthcare Investors announced that it acquired a seniors housing community in Alabama for $10.3 million, or $128,750 per unit. The community appears to be Proveer at Grande View, which has been rebranded as The Ridge at Grandeview. Blueprint was engaged by the seller in its divestment of this community.  Built in 1999, The Ridge at... Read More »
  • T7 Capital Hits the Ground Running

    Founded by industry veterans Ari Adlerstein and Josh Simpson in 2025, T7 Capital has hit the ground running, announcing more than $3 billion in closed transactions in their first year. And the team continued at that same pace into 2026, closing more than $200 million of transaction volume in January. T7 Capital, which advises clients on financing... Read More »
  • Stellar Senior Living Adds San Antonio Asset

    Ventas found a new operator for its Villa De San Antonio Senior Living community in San Antonio Texas, bringing on Stellar Senior Living, a Utah-based family-owned senior care owner/operator, to manage the community. The addition of this community, which was built in 2006 and features 219 independent living and assisted living units, expands... Read More »
  • Harrison Street Acquires Class-A Communities in Fairfield County

    A couple of new, high-end seniors housing communities in affluent Fairfield County, Connecticut, traded with the help of Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL Capital Markets’ seniors housing investment sales and advisory team. They represented the sellers, Virtus Real Estate Capital and LCB Senior Living, although LCB... Read More »
ROC making a comeback

ROC making a comeback

One of the larger acquirers of the past few years, but that has been taking somewhat of a breather in 2016, may be back on the deal hunt soon. ROC Seniors Housing Fund Manager, LLC, whose parent company is Bridge Investment Group Partners, was quite active in the couple of years following its end-of-2013 creation, acquiring 43 senior living properties in 2014 and 2015 alone. Based on disclosed prices in our database, ROC also spent nearly a half billion in those two years. However, in 2016, the investor has so far only announced two transactions, each including a single CCRC, but both without a disclosed price. We should hopefully see some new announcements coming, with ROC’s parent... Read More »

BMO closes over $80 million

Two active investors in the seniors housing M&A market worked with BMO Harris Bank’s Commercial Real Estate Healthcare group to close acquisition financing for two of their latest purchases. First up, Kayne Anderson received $34.6 million in financing to acquire and expand a 135-unit senior living community in Melbourne, Florida. The property was built in 2012 to feature 47 independent living, 54 assisted living and 34 memory care units. It was 97% occupied, and sold for $45.5 million, or $337,037 per unit. And second, BMO closed over $40 million of acquisition financing for ROC Seniors Housing Fund Manager to acquire two just-built assisted living/memory care communities in New York.... Read More »
ROC Buys StoneRidge

ROC Buys StoneRidge

In Mystic, Connecticut, a 267-unit entrance fee CCRC experienced a shift in ownership when ROC Seniors Housing Fund Manager bought out Westminster Capital’s majority stake in the community for an undisclosed price. Life Care Services will stay one as the minority owner and manager. The property was developed by LCS Development in three phases starting in 2004, featuring 267 independent living units, 12 memory care units and 40 skilled nursing beds. For this deal, Cushman & Wakefield arranged acquisition financing with Bank of America Merrill Lynch on behalf of the buyer group, and Richard Swartz, Jay Wager and Aaron Rosenzweig, with Stuart Kim and Caryn Miller, handled the... Read More »

Berkadia secures $93 million in financing

We wrote last month of ROC Seniors Housing Fund Manager’s purchase of 14 senior living properties with 1,038 units from a joint venture between Iron Point Partners and Meridian Senior Living for an undisclosed price. The portfolio was mostly assisted living (719 units), with 208 memory care units and 111 independent living units as well. To fund the acquisition, ROC turned to Berkadia to arrange an $84 million, three-year floating-rate loan through BBVA Compass Bank. Berkadia also contributed $20 million of the overall financing through its Proprietary Bridge Lending Platform. In addition, earlier this year ROC purchased a 76-unit assisted living and memory care community in Canton, Ohio,... Read More »