• 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 »
  • Joint Venture Takes on Stabilization Project

    Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint closed a deal on behalf of an institutional seller that was looking to divest its assisted living/memory care community. The purpose-built asset was constructed in 2000 by a national developer and comprises 52 units. It sits in West Bloomfield, Michigan, which is Michael Segal’s... Read More »
  • Large SNF Portfolio Secures Acquisition Financing

    Marking another milestone for MONTICELLOAM in a banner first quarter, the firm funded $435 million in bridge and working capital financing for a skilled nursing portfolio that encompasses 14 facilities in Maryland. Of the total, $400 million supported the acquisition of the 1,890 beds. The sponsor group is a returning client that owns/operates... Read More »
  • Joint Venture Secures Acquisition Financing

    A joint venture between Winterpast Capital Partners, Vitality Senior Living Management and Virtus Real Estate Capital acquired an assisted living/memory care community, securing bridge financing through Coastal States Bank. The financing includes reserves to support the joint venture’s ongoing repositioning of the community and was structured... Read More »
Contemporary Healthcare Capital Does Mezz

Contemporary Healthcare Capital Does Mezz

Contemporary Healthcare Capital (CHC) completed two mezzanine loans to help buyers fund the purchase of skilled nursing facilities. The Portopiccolo Group, based in New Jersey, bought a 165-bed facility in Covington, Tennessee and borrowed a combined $8.755 million. CoastalStates Bank of Hilton Head provided the senior loan and CHC provided a $2.25 million mezzanine loan. In addition to funding the acquisition, proceeds were also used for about $600,000 in capital improvements.   In a larger deal, Citadel Care Centers bought a 246-bed skilled nursing facility in the Miami area of South Beach, Florida. New York City-based Valley National Bank provided the senior debt of the total $33.9... Read More »