• Michigan Assisted Living Community Changes Hands

    Harborside Senior Living, a 20-unit/30-bed assisted living community in Luna Pier, Michigan, near the Ohio border and the Toledo MSA, sold to Lamont Jones, a healthcare entrepreneur who is building a seniors housing brand in Michigan. Built in 2023 by a pair of investors, Harborside Senior Living will now operate under the leadership of Luna... Read More »
  • Assisted Living/Memory Care Portfolio Secures Bond Financing

    D.A. Davidson closed $120.04 million in Senior Living Revenue bonds, Series 2026A-1, Series 2026A-2 and subordinated bonds forKingsPath Target Housing of Minnesota, LLC. The bonds financed the acquisition and refinancing of seven assisted living/memory care communities with 224 units in the Minneapolis-St. Paul, Minnesota, MSA. The acquired... Read More »
  • Another Record Year on the Horizon

    The bar keeps rising, and the industry continues to clear it, with a third consecutive annual record for publicly announced senior care M&A activity appearing well within reach. Through the first five months of the year, the industry has averaged 81 publicly announced deals per month. Annualized, that pace would result in just under 1,000... Read More »
  • Northstar Senior Living and Alta Senior Living Merge

    In the mad dash for growth in the seniors housing sector, a lack of new development and an abundance of buyers crowding certain corners of the M&A market has led some owner/operators to seek acquisitions or mergers of whole management companies. It can certainly be a viable alternative that allows one to grow without a massive capital... Read More »
  • In-Place Operator Acquires Senior Care Campus

    CBRE National Senior Housing’s Debt and Structured Finance team arranged acquisition financing for a senior care campus on behalf of Wingate Living and its affiliates. Wingate Living is a Newton, Massachusetts-based senior living developer/owner/operator with a focus on New England. Aron Will and Michael Cregan arranged the financing, securing a... Read More »
BMO Secures Two Acquisition Financings

BMO Secures Two Acquisition Financings

As joint venture partners TH Real Estate (an affiliate of Nuveen, the investment management arm of TIAA) and LCS continue their acquisition activity, BMO Harris Bank’s Healthcare Real Estate Finance group got in on the action and arranged acquisition financing for two of the deals. First, the firm acted as sole lender for a $14.4 million term facility for a CCRC in Palm City, Florida with 225 independent living units, 20 assisted living units and 36 skilled nursing beds. They again acted as sold lender for another $12.3 million term facility arranged for a CCRC in Essex, Connecticut with 189 independent living units (including 13 cottages) and 45 skilled nursing beds. Read More »
CBRE Adds Another Bridge Lending Option

CBRE Adds Another Bridge Lending Option

Bridge loans are the hottest lending product for seniors housing and care right now (we’re actually hosting a webinar on that very subject next month), and CBRE Capital Markets is expanding its presence in that market with a large new vehicle aimed at providing more flexible short-term loans to seniors housing and multifamily borrowers. The program is called MF1 Capital, LLC and was structured as a mortgage REIT focused on providing equity to multifamily (about 75% of its business) and seniors housing (the remaining 25%) owners. CBRE’s strategic partners on the vehicle include multifamily real estate investment management firms Limekiln Real Estate and Berkshire Group. What sets this... Read More »
CBRE’s Late-Summer Surge

CBRE’s Late-Summer Surge

CBRE’s Aron Will has been on a roll lately, having just closed his fifth transaction in under a month. The latest helped fund the acquisition of four seniors housing communities in the Louisville, Kentucky and Indianapolis, Indiana MSAs. They actually represent the stabilized properties within a seven-property portfolio acquisition (totaling 688 units) that CBRE also provided financing for. Totaling 360 units, of which 278 are dedicated to assisted living and the remainder to memory care, the stabilized portfolio has been third-party managed by LCS since 2015 and will continue to be. The buyer, a joint venture between LCS and TH Real Estate, the real estate private equity affiliate of... Read More »