• 60 Seconds with Swett: The Fight between Brookdale and Ortelius

    by | Jun 24, 2025 3:52 pm | 60 Seconds

    It has been a bit amusing to see both Brookdale Senior Living and Ortelius Advisors claim victory with Institutional Shareholder Services’ report on the upcoming July 11th stockholders vote on the new slate of directors for the Board. For Ortelius, ISS recommended voting for Steven Vick and Lori Wittman, two of the six nominees that Ortelius put... Read More »

  • Newmark Closes Major Portfolio Deal

    by | Jun 24, 2025 3:49 pm | Acquisitions

    In one of the more significant deals to close so far in 2025, Newmark announced the off-market sale of a large portfolio spread across the United States. Totaling 900 units of independent living, assisted living, memory care and skilled nursing, the portfolio is located in Virginia, Georgia, Maryland, Indiana and Arizona. Little else has been... Read More »

  • Off-Market Transaction Closes in California

    by | Jun 24, 2025 3:48 pm | Acquisitions

    JCH Senior Housing Investment Brokerage was engaged in the sale of a well-established assisted living/memory care community with 86 units and 100 beds in Inland Empire, California. JCH was tasked with confidentially marketing the community to a select group of qualified buyers. There were multiple qualified offers, with a local operator being... Read More »

  • O&M Investments Acquires Nebraska Senior Care Portfolio

    by | Jun 24, 2025 3:47 pm | Acquisitions

    O&M Investments, LLC, led by Nick Martinez and Todd Okum, has expanded its footprint into Nebraska through an acquisition of a senior care portfolio. The seller was a mom & pop seeking an exit from the industry. Built in the 1970s and 1980s, the six senior care facilities are located in the Omaha MSA, comprising around 350 skilled nursing... Read More »

  • Berkadia Closes Four HUD Loans

    by | Jun 24, 2025 3:46 pm | Financings

    Within the past 30 days, Jay Healy and Andrew Lanzaro of Berkadia Seniors Housing & Healthcare have closed four HUD 232/223(f) loans totaling $64.4 million in aggregate proceeds. The loans were obtained on behalf of three sponsors and are secured by three seniors housing communities and a skilled nursing facility spanning Hawaii, Texas and... Read More »
Harbert Management Corp. Acquires South Bay Partners

Harbert Management Corp. Acquires South Bay Partners

by | Dec 23, 2021 1:02 pm | Acquisitions

Alternative asset management firm and consistent seniors housing investor Harbert Management Corporation (HMC) has acquired South Bay Partners, LLC, a Dallas-based seniors housing developer. South Bay has developed over 10,000 high-end seniors housing units costing over $1 billion across the United States. The company will complement HMC’s existing seniors housing investment platform, while allowing HMC to make development investment opportunities. HMC plans to raise capital for South Bay’s development projects through separately managed accounts and commingled funds. In addition, South Bay Founder and CEO Craig Spaulding will move to an advisory role following the transaction, while... Read More »
Welltower Acquires Two South Bay Partners Properties

Welltower Acquires Two South Bay Partners Properties

by | Apr 25, 2019 12:12 pm | Acquisitions

Welltower announced that it has added two more San Antonio senior living properties to its portfolio. Originally developed by the seller, South Bay Partners, these communities opened in 2016 adjacent to each other in the Dominion area of northwest San Antonio. They combine for 335 units of independent living, assisted living and memory care. Welltower is no stranger to the market, already owning two senior living communities operated by Sagora Senior Living, an LTAC operated by LifeCare Management Services and a portfolio of five medical office buildings. No purchase price was disclosed for the latest acquisition, but the properties were last assessed together for $48.6 million, according... Read More »
KeyBank Finances Luxury Independent Living Development

KeyBank Finances Luxury Independent Living Development

by | Nov 14, 2017 8:32 pm | Developments, Financings

A new independent living community is going up on the Princeton University Healthcare campus, with the help of construction financing arranged by Grant Saunders, Peter Trazzera and Jake Hollinger of KeyBank Real Estate Capital’s Healthcare Group. Featuring 260 total units, including 15 studios, 145 one-bedrooms and 100 two-bedrooms, the project is being developed by SBLP Senior Living Fund I, a fund that invests in the development of seniors housing projects. A joint venture between South Bay Partners, a Dallas-based seniors housing developer, and LAMB Properties, a real estate investment vehicle owned by the Bluhm family, sponsors the fund. Upon completion, Sage Senior Living will take... Read More »
Sagora Senior Living Adds Two Senior Living Communities To Portfolio

Sagora Senior Living Adds Two Senior Living Communities To Portfolio

by | Sep 29, 2017 2:32 pm | Acquisitions

A prominent senior living provider in the Lone Star State, Sagora Senior Living, acquired two more communities, bringing its total portfolio to 31 properties across four southern states. Both properties were developed in late-2014/early-2015 by Dallas-based South Bay Partners under the “Watercrest” brand. The Sugar Land location features 180 units and 12 cottages of independent living, plus an adjacent community with 77 assisted living and 43 memory care units. That is similar to the San Antonio location, with 192 IL units, 26 cottages, 72 AL units and 50 MC units. Once again, the AL/MC building was located on an adjacent property. Based in Fort Worth, Sagora has so far concentrated its... Read More »