• Multifamily Investor Enters Seniors Housing

    by | Apr 25, 2025 3:18 pm | Acquisitions

    Chad Wegner of Senior Care Realty facilitated the sale of a RCAC in Northeast Wisconsin on behalf of a long-term operator. The RCAC had been family owned/operated since inception, and the seller decided to pass the torch and enter retirement. Purpose built in 2014 and expanded in 2017, this well-maintained community features 19 individual... Read More »

  • SLIB Closes Sale of Remaining Guardian Healthcare Assets

    by | Apr 25, 2025 3:17 pm | Acquisitions

    The final three assets part of the Guardian Healthcare portfolio that fell into bankruptcy have sold after receiving HUD TPA (Transfer of Physical Assets) approval. Ryan Saul and Toby Siefert of Senior Living Investment Brokerage handled the sale.  The whole eight-facility portfolio was originally marketed by Senior Living Investment... Read More »

  • 1st Quarter Investor Call

    by | Apr 24, 2025 4:57 pm | Uncategorized

    On Thursday April 24th, The SeniorCare Investor was joined by three expert panelists from the M&A and financing worlds to discuss case studies on deals that are closing right now (but would not have closed 12 months ago). Watch the webinar here. Read More »

  • Southeast Owner/Operator Secures HUD Refinancing

    by | Apr 24, 2025 4:04 pm | Financings

    Berkadia’s Steve Muth and Andrew Lanzaro closed two loans totaling $5.1 million using HUD’s 232/223(f) program for a Southeast-based owner/operator of seniors housing communities and a repeat Berkadia client. The refinancing paid off the remaining bank debt for a crossed pool of four assets in Mississippi comprising 157 total units (149 assisted... Read More »

  • Dwight Capital and Dwight Mortgage Trust Close Impressive Q1:25 Activity

    by | Apr 24, 2025 4:03 pm | Financings

    Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed $521 million in seniors housing financings during the first quarter. The transactions included significant bridge and HUD loans for skilled nursing facilities and assisted living communities in multiple states. DMT provided a $54.6 million bridge loan to finance the acquisition... Read More »
Lument Arranges Bank Loan For Watercrest Community

Lument Arranges Bank Loan For Watercrest Community

by | Mar 19, 2021 9:38 am | Financings

Lument arranged bank financing for Watercrest Senior Living’s newly built senior living community in Tarpon Springs, Florida. Steve McGee, managing director at Lument since joining the team in 2020 to head its debt syndication group, led the transaction, which took out construction debt at the property. Opened in 2018, Market Street East Lake has 64 units of memory care and joined Watercrest’s growing portfolio, which currently numbers 13 properties across the Southeast.  The new bridge-to-agency loan totals $12.3 million and covers about 70% of the property’s value. That puts the community at around $275,000 per unit in value. The debt came with a floating interest rate for a five-year... Read More »

Blueprint Booms In June

by | Jun 16, 2017 7:02 am | Acquisitions, Developments

Adam Sherman of Blueprint Healthcare Real Estate Advisors brought several parties together to arrange the capital for a $30 million assisted living/memory care development in Kissimmee, Florida. Located on a 3.4-acre site in the Osceola Corporate Center, a 900+ acre master planned mixed use development, the community will feature 104 units/114 beds of assisted living and 24 private memory care units, in addition to multiple dining venues and amenities. The developer, Providence One Partners, LLC, and the operator, Watercrest Senior Living, expect to open the three-story community by late summer of 2018. Construction began immediately after Mr. Sherman arranged the capital stack, which... Read More »

Watercrest Senior Living Breaks Ground in Florida

by | May 29, 2015 9:00 am | Developments

Vero Beach, Florida-based Watercrest Senior Living Group, and its development partner Starling Senior Living, celebrated the official groundbreaking of a 90-unit assisted living community in Jacksonville, Florida. It will have 66 assisted living units and 24 memory care units totaling 79,000 square feet. All of Watercrest’s memory care associates are Certified Dementia Specialists. The building was designed by PQH Group.   Read More »

Southwest Florida booming

by | Jan 21, 2015 8:49 pm | Developments

REDICO, a Michigan-based real estate development and investment company, announced its next American House project, called Coconut Point, in Estero, Florida. The project is the second for REDICO in southwest Florida and will include 54 independent living units, 76 assisted living units and 64 memory care units. It’s in a prime location, as across the street is a 140-store mall, and just north of Coconut Point will be Lee Memorial Health System’s planned $140 million Estero healthcare village, which is scheduled to open in 2017. American House is based in Michigan and currently has over 40 communities open in that state, mostly in the Detroit metro area, and after it became an affiliate of... Read More »