• Incumbent Operator Secures Two Acquisition Financings

    Jay Healy and Director Andrew Lanzaro of Berkadia utilized the company’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth-based skilled nursing owner/operator. The intent is to close the two subsequent HUD 232/223(f) refinancings in the second half of 2026. The loans facilitated the acquisition of three Texas... Read More »
  • MONTICELLOAM’s 2025 Activity

    MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working... Read More »
  • CBRE’s Active 2025 and Q1:26 Projections

    CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The... Read More »
  • Underperforming AL/MC Assets Sell in Michigan

    A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate... Read More »
  • Global Real Estate Investor Enters Seniors Housing

    Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common... Read More »

Two Senior Care Centers Facilities Sell in Texas

Two Texas skilled nursing facilities formerly operated by the now-bankrupt Senior Care Centers (SCC) found a new owner with the help of Matthew Alley of Senior Living Investment Brokerage. Both built in 2008, these two SNFs each have 128 licensed beds, 51,000 square feet, and are located in growing central Texas submarkets. They were the only two SCC-operated facilities owned by a local real estate owner. One facility, in New Braunfels, was 75% occupied, while the Round Rock SNF was just 64% occupied. Not surprisingly, the operating margin was far below SNF standards, at 3.5%. Overleverage and expensive leases contributed to Senior Care Centers’ bankruptcy filing in December 2018... Read More »
Helios Gets New Tenants for Two Former Senior Care Centers Facilities

Helios Gets New Tenants for Two Former Senior Care Centers Facilities

Two skilled nursing facilities in Texas previously operated by the now-bankrupt Senior Care Centers found new tenants, courtesy of Helios Healthcare Advisors. Each featuring 120 beds, the Lubbock and Houston facilities are owned by a Texas-based developer that wanted to find new, more financially stable operators. Good call. Helios sourced two Texas-based regional operators to fill those roles, coming in with market lease rates and pre-negotiated purchase options. In addition, they received a short-term line of credit for CHOW coverage. With Helios’ help, they were able to smoothly take over operations. Read More »
Blueprint and BlueMountain

Blueprint and BlueMountain

Blueprint Healthcare Real Estate Advisors announced that it was involved in the Sabra Health Care REIT sale of 28 skilled nursing facilities in Texas and Louisiana to a joint venture of BlueMountain Capital Management, BM Eagle Holdings and Capital Funding Group for $282.5 million. Engaged by the joint venture buyer for their expertise on the Texas and Louisiana markets, Ben Firestone, Chris Hyldahl and Gideon Orion of Blueprint helped find local operating partners and tenants for the portfolio, which was previously operated by the now-bankrupt Senior Care Centers. Despite the bad news surrounding SCC’s financial troubles, these facilities were still operating decently well, particularly... Read More »
HFF Posts Another Texas Post-Acute Facility Sale

HFF Posts Another Texas Post-Acute Facility Sale

Having just handled the sale of a 140-bed post-acute care facility in the Austin, Texas area, HFF’s David Fasano, Ryan Maconachy and Chad Lavender represented a different owner in the sale of its 144-bed skilled nursing facility near San Antonio’s Medical Center district. Built in 2008, the facility was owned by Kayne Anderson Real Estate Advisors and leased to Senior Care Centers. There are more than 4,300 licensed hospital beds within a three-mile radius of the facility, making it a prime target. HFF procured an affiliate of O&M Investments, LLC as the buyer, which was coming off of a strong 2017 when it announced three skilled nursing acquisitions in Ohio (2) and Tennessee after... Read More »