• LTC Properties Buys into SHOP Growth

    LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net... Read More »
  • Portland IL/AL Community Finds New Purpose in Multi-Family

    Calaroga Terrace has traded hands, from a national owner/operator to a regional developer. The community sits is north of the Oregon Convention Center, in downtown Portland, Oregon. Built in 1968 and renovated in 2016, the 15-story high rise is situated on just under one acre and features 181 independent living and 84 assisted living units. The... Read More »
  • New England SNFs Struggling to Breakeven Sell

    Blueprint represented a private equity investor in its divestment of a 302-bed skilled nursing portfolio in New England. The facilities had challenged occupancies, however, they generated approximately $27 million in revenue. Inflated operating costs took its toll on EBITDAR, with the asset struggling to breakeven. Dubbed Project Red Coats, the... Read More »
  • Assisted Living Portfolio Secures Refinance

    Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Steve Muth, Garrett Sacco, Austin Sacco and Alec Rosenfeld arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior... Read More »
  • Lument Rolls Out Seniors Housing Investment Sales Platform

    Alex Florea and Kevin Lukehart have joined the Lument team as managing director and director, respectively. This expands Lument’s real estate investment sales platform into seniors housing. Florea will lead the team, working closely with John Sebree, head of real estate investment sales, and Aaron Becker, head of seniors housing and healthcare... Read More »
CBRE Finances Silverstone/Crescent Acquisition

CBRE Finances Silverstone/Crescent Acquisition

A joint venture between Silverstone Senior Living and Crescent Real Estate LLC turned to Aron Will, Austin Sacco and Tim Root of CBRE to arrange financing for its acquisition of a 120-unit assisted living/memory care community in Palm Beach Gardens, Florida. Opened in 2017, the property was developed by both an affiliate of Silverstone and an institutional equity partner, which is presumably exiting with this deal. It features some desirable amenities, like a virtual bowling alley, an onsite doctor’s office and an art studio. Harbor Retirement Associates was hired to operate the community and will continue to do so. CBRE funded the deal with a non-recourse loan from a regional bank. The... Read More »