• Michigan Assisted Living Community Changes Hands

    Harborside Senior Living, a 20-unit/30-bed assisted living community in Luna Pier, Michigan, near the Ohio border and the Toledo MSA, sold to Lamont Jones, a healthcare entrepreneur who is building a seniors housing brand in Michigan. Built in 2023 by a pair of investors, Harborside Senior Living will now operate under the leadership of Luna... Read More »
  • Assisted Living/Memory Care Portfolio Secures Bond Financing

    D.A. Davidson closed $120.04 million in Senior Living Revenue bonds, Series 2026A-1, Series 2026A-2 and subordinated bonds forKingsPath Target Housing of Minnesota, LLC. The bonds financed the acquisition and refinancing of seven assisted living/memory care communities with 224 units in the Minneapolis-St. Paul, Minnesota, MSA. The acquired... Read More »
  • Another Record Year on the Horizon

    The bar keeps rising, and the industry continues to clear it, with a third consecutive annual record for publicly announced senior care M&A activity appearing well within reach. Through the first five months of the year, the industry has averaged 81 publicly announced deals per month. Annualized, that pace would result in just under 1,000... Read More »
  • Northstar Senior Living and Alta Senior Living Merge

    In the mad dash for growth in the seniors housing sector, a lack of new development and an abundance of buyers crowding certain corners of the M&A market has led some owner/operators to seek acquisitions or mergers of whole management companies. It can certainly be a viable alternative that allows one to grow without a massive capital... Read More »
  • In-Place Operator Acquires Senior Care Campus

    CBRE National Senior Housing’s Debt and Structured Finance team arranged acquisition financing for a senior care campus on behalf of Wingate Living and its affiliates. Wingate Living is a Newton, Massachusetts-based senior living developer/owner/operator with a focus on New England. Aron Will and Michael Cregan arranged the financing, securing a... Read More »
Not-For-Profit Exits Two Non-Core New Mexico Assets

Not-For-Profit Exits Two Non-Core New Mexico Assets

Blueprint’s next skilled nursing transaction came from out West, in New Mexico, and featured two facilities formerly owned by the largest not-for-profit senior care provider in the country, Sioux Falls, South Dakota-based Evangelical Lutheran Good Samaritan Society, which merged with another Sioux Falls-based healthcare company, Sanford Health, in June 2018 to create a $6 billion entity. Considered to be non-core by the nonprofit, the rural facilities totaled 150 skilled nursing beds and 25 independent/assisted living units but were located on opposite sides of the state in Aztec and Lovington. They were well maintained, with one facility recently undergoing a major renovation. Amy Sitzman... Read More »
HJ Sims Helps Out New North Dakota Joint Venture

HJ Sims Helps Out New North Dakota Joint Venture

HJ Sims helped finance a couple of the largest not-for-profit providers of senior care and health care in the country in order to team up and combine their services in the Bismarck/Mandan area of North Dakota. The Evangelical Lutheran Good Samaritan Society (ELGSS), which currently operates over 224 senior living and care communities, and Sanford Health, the largest rural, not-for-profit health care system with 45 hospitals and 289 other locations, each operate skilled nursing and assisted living facilities in the Bismarck area. In addition, Sanford Health operates an acute care hospital in the city. So, the organizations decided to form a joint venture to operate the facilities in the... Read More »