• Healthcare REIT Divests SNF to In-Place Operating Partner

    by | Apr 17, 2026 4:05 pm | Acquisitions

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »

  • Near-Stabilized AL/MC Community Lands Refinance

    by | Apr 17, 2026 12:18 pm | Financings

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »

  • Record-Setting HUD Express Lane Application to Commitment

    by | Apr 17, 2026 12:15 pm | Financings

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »

  • Large Healthcare Owner Receives Financing

    by | Apr 17, 2026 12:14 pm | Financings

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »

  • Out-of-State Owner Divests to Investor

    by | Apr 16, 2026 3:07 pm | Acquisitions

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »
Inland Private Capital Corporation Makes First Seniors Housing Acquisition

Inland Private Capital Corporation Makes First Seniors Housing Acquisition

by | Nov 8, 2019 10:01 am | Acquisitions

As part of its larger disposition/restructuring strategy, Capital Senior Living Corporation announced in its third quarter earnings report that it sold two non-core independent living communities in Peoria, Illinois and Springfield, Missouri, generating some healthy proceeds in the process. The communities sold for a combined $64.75 million, or nearly $205,000 per unit, resulting in $14.8 million of net cash proceeds and $44.4 million of mortgage debt off its books. Tim Cobb and Sabel Kaminski of Berkadia represented CSL in the transaction. Both built in the late-1990s and totaling around 215 units, these communities were both over 90% occupied, but rent growth was sluggish. They were in... Read More »
Spectrum Retirement Communities Gets New Investment Partner

Spectrum Retirement Communities Gets New Investment Partner

by | Sep 27, 2019 8:34 am | Acquisitions

We heard many at the NIC Conference earlier this month talking about the abundance of capital and new capital providers in the senior living market. Some were optimistic, while others were lamenting it. Well, another alternative investment management firm has entered the senior living market. Oak Brook, Illinois-based Inland Private Capital Corporation (IPC) announced it has entered into a strategic relationship with Spectrum Retirement Communities, LLC to acquire, own and manage senior living communities across the country. Phil Shapiro Senior Living, LLC serves as IPC’s senior living advisor and was key in initiating and cultivating the relationship between them and Spectrum. IPC, which... Read More »
Detroit Dealmaking

Detroit Dealmaking

by | Nov 9, 2016 8:31 am | Acquisitions

Green Courte Partners, a Chicago-based private equity firm, has been one active acquirer in the independent living market, when few other buyers have been investing in the sector. Even though the IL market has been a huge factor in pushing average seniors housing prices to record-highs average (peaking at an average of $248,300 per unit in the four quarters ended March 31, 2016), its share of M&A has been shrinking in the last couple of years. Nevertheless, Green Courte has acquired five IL properties in the last year. Its most recent transaction involved a portfolio of three IL communities located in the Detroit MSA, which it purchased for an undisclosed price. All totaling 371 units,... Read More »
Greystone goes to Freddie Mac

Greystone goes to Freddie Mac

by | Aug 3, 2016 8:14 am | Financings

Greystone provided more than $49.4 million in Freddie Mac loans to refinance two assisted living/memory care communities in Carmichael, California and Denver, Colorado. First, Oakmont Senior Living received a $25.15 million loan, with a 10-year fixed rate and 30-year amortization, for its newly constructed 71-unit AL/MC community in Carmichael. Then, Spectrum Retirement Communities obtained a $24.25 million loan to refinance its 97-unit AL/MC community in Denver. The Freddie Mac Capital Markets Execution loan carried a seven-year term and three years of interest-only. Scott Kavel and Cary Tremper led the way for Greystone on these transactions. Also from Greystone, Mike Garbers and Cody... Read More »

In Indiana

by | Aug 26, 2015 8:30 am | Developments

Life Care Services (LCS) recently announced it was breaking ground on the Clarendale of Schererville in Schererville, Indiana, the third “Clarendale” property for LCS and construction partner Ryan Companies. The community will feature 177 units of independent living, assisted living and memory care at a cost of $40 million, or $226,000 per unit, to build. The two other “Clarendale” properties are located in Illinois: a 186-unit community in Algonquin and a 156-unit community in Mokena. While the newest property will be ready to open in spring 2017, it will not be short on company. There has been plenty of building going on in the state of Indiana, particularly in the Gary and Indianapolis... Read More »