• 60 Seconds with Steve Monroe: You’ve Got To Be Kidding

    Sadly, we are not kidding. President Trump has shown his true colors, and his true loyalty to the almighty dollar, with yet another pardon of one of the bad boys of senior care. But this bad boy is the worst of the group. We are referring to the just announced pardon of criminal Joseph Schwartz, the former owner of Skyline Health. Several months... Read More »
  • Publicly Traded REIT Divests Seniors Housing Portfolio

    A Wisconsin-based developer sold its five seniors housing properties in the Badger State to LTC Properties. Tukka Properties has a longstanding relationship with Walker & Dunlop, which had secured development debt, equity and permanent financing for the assets over the years and had also sold a Tukka-developed property to Welltower in 2021... Read More »
  • Sale Revives Stalled Seniors Housing Development

    Blueprint closed on the sale of a partially developed seniors housing community in Pearland, Texas. Originally planned as a 198-unit independent living, assisted living and memory care community on 9.6 acres, the project was approximately 60% complete when development stalled. Blueprint targeted seniors housing operators and developers, as well... Read More »
  • MONTICELLOAM Closes One of Its Largest Financings

    In one of the largest financings the firm has ever completed, MONTICELLOAM, LLC, along with firm affiliates, funded $470.5 million in total bridge and working capital financing for a sixteen-facility skilled nursing portfolio. The sponsor group, which owns and operates over 200 skilled nursing facilities across the country, used the $455.5... Read More »
  • Cash Flowing Assets Trade in Florida and Oregon

    Blueprint was engaged by a repeat institutional private equity client in the sale of a Class-A assisted living/memory care community in the Clearwater, Florida MSA. The community has received investments over the years and offered immediate in-place NOI and strong operating margins, while presenting some value-add opportunities. Kyle Hallion,... Read More »
Walker & Dunlop Arranges Atlanta Active Adult Acquisition

Walker & Dunlop Arranges Atlanta Active Adult Acquisition

Walker & Dunlop Investment Sales arranged the sale of a class-A active adult community in the Atlanta, Georgia MSA. The W&D Seniors Housing team including Jordyn Berger and Joshua Jandris, as well as the W&D Atlanta Multifamily Team including Kris Mikkelsen, Pat Jones and Chris Goldsmith, collaborated on the transaction. Just built in 2020, Everleigh Halcyon Village features 160 units on 1.9 acres. It includes one-bedroom units with 848 square feet and two-bedroom units with 1,195 square feet.   The community is integrated within the mixed-use village, Halcyon, which has over 535,000 square feet of office and retail space and over 100 single-family homes selling at between... Read More »
Walker & Dunlop Hire Dedicated Housing Expert in Southern California

Walker & Dunlop Hire Dedicated Housing Expert in Southern California

Walker & Dunlop, Inc. has hired Gideon Orion as Managing Director on its investment sales platform. Most recently working for Blueprint Healthcare Real Estate Advisors, Mr. Orion is based in Los Angeles and will join the firm’s national seniors housing property sales team led by Managing Director Joshua Jandris. Mr. Orion will be focused on originating and executing seniors housing property sales opportunities across the United States.  He has a strong track record and brings additional skill to Walker & Dunlop’s seniors housing sales team, in addition to expanding the firm’s existing footprint in Southern California. In fact, Mr. Orion represents the first dedicated... Read More »
Walker & Dunlop Provide Funds to SNF Portfolios Struggling During COVID

Walker & Dunlop Provide Funds to SNF Portfolios Struggling During COVID

Walker & Dunlop, Inc. announced that it structured a little over $77 million in financing for two skilled nursing portfolios totaling ten properties and 848 units. The Cascades Portfolio, located throughout Utah, totals seven properties and 693 units. The Rollins-Nelson Portfolio includes three properties and 155 units located in Englewood, Long Beach, and Perris, California. Walker & Dunlop’s Kevin Giusti, Brian Neal, and Andrew Westling arranged financing from HUD, a regional bank and a finance company to provide for the Cascades portfolio. For the Rollins-Nelson portfolio, the team refinanced the existing HUD loan, capitalizing on a low interest rate and extending the term... Read More »
Walker & Dunlop Facilitates Refinancing of Six Illinois SNFs

Walker & Dunlop Facilitates Refinancing of Six Illinois SNFs

Walker & Dunlop recently announced a $43.2 million refinancing for six skilled nursing facilities located across Illinois: Aperion Care Bridgeport, Aperion Care Burbank, Aperion Care Dekalb, Aperion Care Litchfield, Aperion Care Wilmington, and Rock River Health Care. Totaling 640 beds across 277 units, the portfolio received HUD financing, with Aperion Care Dekalb also transferring its physical assets through Walker & Dunlop. AC Bridgeport received $3.88 million, AC Burbank received $6.88 million, AC Dekalb received $6.28 million, AC Litchfield received $3.55 million, AC Wilmington received $16.24 million and Rock River Health Care received $6.4 million.  Read More »
Walker & Dunlop Advise Joint Venture on Construction Financing

Walker & Dunlop Advise Joint Venture on Construction Financing

Walker & Dunlop has advised an equity partnership on a $300 million construction financing arranged by Huntington National Bank for a luxury life plan community in Tysons, Virginia.  Tysons LPC, LLC is a 50/50 partnership between Mather Investments and Westminster Capital. It will own the to-be-built CCRC entitled The Mather — a two-building project consisting of 300 independent living apartments, 60 assisted living apartments, 20 memory care suites and 42 skilled nursing suites. The community will be completed in two phases, with the first phase expected to open in early 2024.  The Mather has been designed for transit accessibility, a walking lifestyle and environmental... Read More »