• LTC Properties Buys into SHOP Growth

    LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net... Read More »
  • Portland IL/AL Community Finds New Purpose in Multi-Family

    Calaroga Terrace has traded hands, from a national owner/operator to a regional developer. The community sits is north of the Oregon Convention Center, in downtown Portland, Oregon. Built in 1968 and renovated in 2016, the 15-story high rise is situated on just under one acre and features 181 independent living and 84 assisted living units. The... Read More »
  • New England SNFs Struggling to Breakeven Sell

    Blueprint represented a private equity investor in its divestment of a 302-bed skilled nursing portfolio in New England. The facilities had challenged occupancies, however, they generated approximately $27 million in revenue. Inflated operating costs took its toll on EBITDAR, with the asset struggling to breakeven. Dubbed Project Red Coats, the... Read More »
  • Assisted Living Portfolio Secures Refinance

    Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Steve Muth, Garrett Sacco, Austin Sacco and Alec Rosenfeld arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior... Read More »
  • Lument Rolls Out Seniors Housing Investment Sales Platform

    Alex Florea and Kevin Lukehart have joined the Lument team as managing director and director, respectively. This expands Lument’s real estate investment sales platform into seniors housing. Florea will lead the team, working closely with John Sebree, head of real estate investment sales, and Aaron Becker, head of seniors housing and healthcare... Read More »
Where There’s a Will, There’s a Waypoint

Where There’s a Will, There’s a Waypoint

There’s a new entrant in the seniors housing industry. Real estate investment manager Waypoint Residential, predominantly focused on conventional multifamily and student housing, just made its first acquisition of a senior living community in the town of Starkville, Mississippi (home of Mississippi State University), for $22.7 million, or about $276,800 per unit. Developed in January 2016 by CR Properties, LLC and Blake Management Group, this community has 14 independent living, 43 assisted living and 25 memory care units. After already bringing occupancy to 100%, Blake Management Group will continue to manage the community. Josh Randolph of Colliers International represented the seller in... Read More »
Watercrest and Waypoint

Watercrest and Waypoint

With its latest seniors housing development in Georgia, Watercrest Senior Living Group is also adding a new partner to its growing roster of development/equity partners. Waypoint Residential, a real estate investment firm focused on multifamily and student housing, is making its debut in the seniors housing industry with this project. Expected to break ground next month and open in late Spring 2019, the community is one of Watercrest’s new prototypes (with at least two others like it to be built in Columbia and Bluffton, South Carolina) with 75 units of assisted living and 32 memory care units. It is located in Newnan, Georgia, which is about 20 miles southwest of Atlanta, and marks... Read More »