• The Saga of Genesis HealthCare Continues

    by | Jan 22, 2026 1:55 pm | Acquisitions

    Genesis HealthCare was once one of the largest and most successful skilled nursing companies. But it grew too quickly, made some bad investments over the years (did we mention the billion-dollar merger with The MultiCare Companies?), and it always played the leverage game, whether with leases or debt, and usually both. Last summer, it filed for... Read More »

  • Blue Moon/StepStone Finalize Large Recapitalization

    by | Jan 22, 2026 1:51 pm | Acquisitions, Financings

    Blue Moon Capital Partners completed a large recapitalization of five seniors housing communities that it developed over the years and were the last remaining assets within its fund, Blue Moon Senior Housing I. CBRE National Senior Housing acted as transaction advisor in the recap and arranged acquisition financing for the deal. StepStone Real... Read More »

  • Evans Closes Another High-Priced SNF Sale in NV

    by | Jan 22, 2026 1:49 pm | Acquisitions

    Just a month after selling a skilled nursing facility in Nevada for the highest per-bed value ever seen in the state, Evans Senior Investments returned to sell another facility in the Las Vegas MSA for the second-highest per-bed price. That is some momentum. Little was disclosed on the deal, but the 1970s-built facility has approximately 150... Read More »

  • Seniors Housing Communities Secure Refinances

    by | Jan 22, 2026 1:47 pm | Financings

    Berkadia recently refinanced Allegro Parkland, an independent living, assisted living and memory care community in Parkland, Florida. A joint venture between Harrison Street Asset Management and Allegro Senior Living was the borrower. The community opened in March 2020 (perhaps not the best timing) and features 61 independent living, 88 assisted... Read More »

  • PACS Group Expands in Four States

    by | Jan 22, 2026 1:45 pm | Acquisitions

    After Senior Living Investment Brokerage announced the sale of three assets in Soldotna and Kenai, Alaska, and Caldwell, Idaho, PACS Group announced its addition of three seniors housing communities in the same locations. The Utah-based provider purchased the real estate and operations of the Alaska properties, and closed on a lease option for... Read More »
Harrison Street Refinances White Bear Lake Community

Harrison Street Refinances White Bear Lake Community

by | Jul 9, 2019 2:54 pm | Financings

Cushman & Wakefield acted as the exclusive advisor to a joint venture between The Waters Senior Living and Harrison Street Real Estate Capital on the refinance of their 136-unit senior living community in White Bear Lake, Minnesota. Developed in 2016, this community provides independent living, assisted living and memory care services under The Waters brand. The C&W team of Jay Wagner, Sam Dylag and Jack Griffin brought the owners together with the lender, BMO Harris Bank, which provided the $24.3 million loan to take out the original construction financing. Derek Zeller, Imran Javaid and Brian Vis made up the BMO team on the transaction. Read More »

A New Institutional Buyer Lands in Plymouth, Minnesota

by | Mar 23, 2017 9:57 pm | Acquisitions, Financings

A joint venture between The Waters Senior Living and an institutional partner has acquired a recently built assisted living/memory care community in Plymouth, Minnesota, with the help of financing arranged by Aron Will of CBRE. The Waters originally developed and has operated the property in Plymouth, a high-income suburb of Minneapolis. With 61 assisted living and 28 memory care units, the community will still be managed by The Waters. To fund the deal, CBRE secured a $16.25 million floating rate loan from a national bank, with a three-year term that is interest only. That structure seems to be the sweet spot for the prolific Mr. Will. Read More »

Will and The Waters

by | Nov 15, 2016 6:49 pm | Acquisitions, Financings

Going through a life insurance company, Aron Will of CBRE arranged acquisition financing on behalf of a joint venture looking to acquire a 139-unit assisted living/memory care community in Edina, Minnesota. In the affluent suburb of Minnesota, the community was built in 2013 with 97 AL and 42 MC units near a local hospital. Mr. Will worked with a joint venture between an institutional client and The Waters Senior Living in securing a $33.15 million seven-year acquisition loan, with a fixed rate and 18 months of interest-only. Read More »