• 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 »

High-acuity community to be built

Aron Will, together with Jim Sellers and Tim Prouty, of CBRE arranged a $25.03 million construction loan for a joint venture between The Freshwater Group and Kayne-Anderson to build a 129-unit/135-bed senior care community in Tucson, Arizona. The loan, placed through a regional bank, featured a three-year floating rate term which then converts to a three-year mini-perm loan. Kayne-Anderson will provide institutional equity for the project, while Watermark Retirement Communities will operate the finished community, which will consist of five buildings with assisted living, memory care and skilled nursing services. For the assisted living, it will be fully licensed Directed Care, the highest... Read More »

CBRE arranges financing for 15-CCRC portfolio

Aron Will, Mitchell Kiffe and Matthew Whitlock of CBRE arranged $410 million in financing on behalf of NorthStar Healthcare Income and The Freshwater Group/Watermark Retirement Communities to purchase a portfolio of 15 rental and entrance fee CCRCs. The seller, Fountains Senior Living, a subsidiary of Arcapita, had previously hired Watermark as the day-to-day operator of the portfolio, which consists of six entrance-fee and nine rental CCRCs with 3,663 total units (with 2,330 independent living units, 945 assisted living units, 156 memory care units and 320 skilled nursing beds in 232 rooms). NorthStar will lease the entrance fee properties to affiliates of The Freshwater Group, pursuant... Read More »