• Public REIT Acquires New England Seniors Housing Portfolio

    by | Apr 9, 2026 3:21 pm | Acquisitions

    Blueprint announced that it handled the sale of a three-community private pay seniors housing portfolio in Rhode Island. A Dallas-based private equity firm engaged Blueprint in 2025 to sell the portfolio, which it acquired with Capital Health Group in 2019. The assets comprise 367 independent living, assisted living and memory care units in the... Read More »

  • Regional Owner/Operator Exits Senior Care Industry

    by | Apr 9, 2026 3:20 pm | Acquisitions

    Senior Living Investment Brokerage completed a regional owner/operator’s exit from the seniors housing industry with a third and final disposition. The asset was The Homestead in Fallon, Nevada, about one hour east of Reno. It was originally built between 1972 and 1980 and has undergone significant renovations in 2007 and 2018. Most recently, in... Read More »

  • Well-Performing SNF Trades in Iowa

    by | Apr 9, 2026 3:18 pm | Acquisitions

    A skilled nursing facility in Cedar Rapids, Iowa, that boasted strong occupancy levels and consistent cash flow traded hands. The facility had long-standing referral relationships and a reliable census pipeline. But, there is still room for upside.  Ownership was intentional in selecting a buyer that would preserve and build upon the facility’s... Read More »

  • Class-A Active Adult Community Trades

    by | Apr 9, 2026 3:16 pm | Acquisitions

    An active adult community north of Houston, Texas, sold with the help of Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare. Alders Magnolia encompasses 184 units in Magnolia, and was built in 2021. The seller was Capitol Seniors Housing, and the buyer was Texas-based active adult development and... Read More »

  • Not-for-Profit Divests to For-Profit Owner/Operator

    by | Apr 9, 2026 3:16 pm | Acquisitions

    Senwell Senior Investment Advisors announced the closing of two separate senior care sales. First, Brandon Bohland and Collin Hempfling handled a faith-based not-for-profit organization’s divestment of a senior care campus in the Charlotte, North Carolina MSA. The campus has a 50-bed skilled nursing facility and a 96-bed assisted living... Read More »

SunTrust Bank Funds Large CCRC Expansion

by | Aug 25, 2017 7:00 am | Financings

As the construction boom continues across seniors housing, existing communities often have to renovate, expand or convert in order to survive. A 20-year old CCRC in Richmond, Virginia is doing just that, with a massive expansion project planned to add and improve the services it offers. Owned and operated by not-for-profit Pinnacle Living, formerly Virginia United Methodist Homes, the 90-acre campus will receive a new fitness and wellness center (complete with a swimming pool), two enclosed corridors that connect independent living to the new center, a new two-story health care center with 20 private rooms on each floor and common areas, a new parking deck, and potentially a number of new... Read More »

Trust In SunTrust Bank

by | Jul 18, 2017 8:14 pm | Developments, Financings

SunTrust Bank pulled double duty for an entrance fee CCRC in Stone Mountain, Georgia, providing permanent financing for both the existing community and a new addition in the form of a $74.4 million loan on behalf of the owner/operator, Isakson Living. Through its Aging Services practice, SunTrust provided a mix of fixed- and floating-rate debt, about 60% of which went towards refinancing the existing 398-unit CCRC, known as Park Springs. Built in 1999, the community was over 90% occupied and was ready to expand. So, the remaining 40% of the financing (about $27.8 million) funded a brand-new health center to feature an 18-unit skilled nursing rehab facility next to a new physical therapy... Read More »

Harborview’s Good Work

by | Jan 20, 2017 8:31 am | Financings

Harborview Capital Partners brought in SunTrust Bank to help refinance a portfolio of 19 senior living communities, with 917 units, located in Kentucky and Tennessee. Consisting of independent living, assisted living and memory care units, the communities are owned by Goodworks Unlimited, which operates a portfolio of 25 properties in TN and KY. Avi Begun and David Nussbaum of Harborview arranged a $68.3 million loan provided by SunTrust, featuring a five-year term and LIBOR+155 interest rate. That should position Goodworks well for future growth and expansion projects. Harborview has been quite busy the last few months, closing over 10 HUD and bank financings since November.... Read More »
SunTrust Bank and Seniors Housing

SunTrust Bank and Seniors Housing

by | Oct 20, 2016 3:56 pm | Acquisitions, Financings

Despite an apparent tightening in the seniors housing financing world (a topic which we will discuss in detail in our webinar at 1PM on October 27), borrowers may soon have a new name to choose from. SunTrust Bank announced it intends to acquire substantially all assets of the operating subsidiaries of Pillar Financial, LLC, along with its multi-family, affordable housing, healthcare property, senior housing, and manufactured housing lending platforms. Pillar’s HUD, Fannie Mae and Freddie Mac licenses also enticed SunTrust, which would be able to offer agency lending options to its clients. In return, Pillar would gain access to a number of expanded products including bridge loans, equity... Read More »