• Stellar Senior Living Adds San Antonio Asset

    Ventas found a new operator for its Villa De San Antonio Senior Living community in San Antonio Texas, bringing on Stellar Senior Living, a Utah-based family-owned senior care owner/operator, to manage the community. The addition of this community, which was built in 2006 and features 219 independent living and assisted living units, expands... Read More »
  • Harrison Street Acquires Class-A Communities in Fairfield County

    A couple of new, high-end seniors housing communities in affluent Fairfield County, Connecticut, traded with the help of Jay Wagner, Rick Swartz, Aaron Rosenzweig and Jim Dooley of JLL Capital Markets’ seniors housing investment sales and advisory team. They represented the sellers, Virtus Real Estate Capital and LCB Senior Living, although LCB... Read More »
  • Freddie Mac Provides Financing for NY Seniors Housing Campus

    A large seniors housing campus in upstate New York secured permanent Freddie Mac financing thanks to the team of Tyler Armstrong, Chris Cain and Taylor Russ of Lument. Located in Rochester, The Village at Unity consists of 272 independent living units and The Village at Hamlet features 40 assisted living units and 20 memory care units. The... Read More »
  • Forbright Bank’s Financing Closings

    Forbright Bank’s healthcare lending team closed nearly $100 million in financings across six transactions. The largest was a $35 million term loan syndication arranged for the acquisition of eight skilled nursing facilities across three states. Another highlight included an $18 million bridge-to-HUD loan that refinanced existing debt and provided... Read More »
  • California and Pennsylvania Assets Secure Separate Financings

    Sims Mortgage Funding (SMF) ended the year with a HUD closing for RiverPointe Post-Acute, a 112-bed skilled nursing facility in Carmichael, California. Affiliates of Links Healthcare Group LLC own and operate the facility. Links’ portfolio comprises 42 skilled nursing facilities with 4,675 beds. The existing bank loan was structured with A and B... Read More »

Sell on top, or near it

Despite many believing we have already reached the peak, pricing-wise, in the seniors housing M&A market, it is still a very good time to sell. That is at least what SRP Medical was banking on when it sold its newly built 108-unit assisted living/memory care community to a joint venture between Harrison Street Real Estate Capital and Bridgewood Property Company. Opened in 2013, the community features 60 AL units and 48 MC units and is located near The Woodlands, Texas, in the town of Spring, an area which has seen plenty of seniors housing construction recently. A change in operators a year after opening caused some marketing issues, which contributed to bringing occupancy down to 50%.... Read More »