• Brookdale Boosts Short Term Stability

    by | Jan 9, 2026 3:21 pm | Financings

    Brookdale Senior Living completed a series of financing transactions totaling approximately $600 million that refinanced all of its remaining 2026 mortgage debt and maturities, around $350 million, and a portion of 2027 mortgage debt maturities, approximately $200 million. The company also secured more fixed-rate debt, helping to cut rate risk.... Read More »

  • Ikaria Announces $1 Billion in Q4 Volume

    by | Jan 9, 2026 3:19 pm | Financings

    Ikaria Capital Group closed out a successful 2025, announcing several significant transactions in the fourth quarter that exceeded $1 billion in volume. The activity comprises financings in the seniors housing, skilled nursing and behavioral health sectors across multiple states and borrowers.  The largest deal was a $595.5 million senior... Read More »

  • PE Group Enters Oklahoma after Medicaid Rate Bump

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

    A skilled nursing facility in Oklahoma that recently benefited from the state’s Medicaid rate bump sold to a national private equity firm looking to enter the state. Built in 1967, Maplewood Care Center features 180 beds on over three acres in Tulsa. It is located close to several major hospitals and healthcare campuses, but occupancy was sitting... Read More »

  • Community Purchased through HUD Assumption

    by | Jan 9, 2026 3:15 pm | Acquisitions

    Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds,... Read More »

  • The Zett Group Rounds Out Q4

    by | Jan 9, 2026 3:13 pm | Acquisitions

    The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by... 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 »