• Evans Arranges New SNF Lease

    by | Jan 16, 2026 2:37 pm | Acquisitions

    Evans Senior Investments arranged a new lease for a skilled nursing facility in Denver, Colorado, securing a 293% increase in rent on a per-bed, per-month basis in the process. At the time of marketing, the facility was 62% occupied with minimal Medicare Part A referrals. However, the 1960s-built facility has 16 private units and is proximate to... Read More »

  • Cross River Bank Closes Large Acquisition Loan

    by | Jan 16, 2026 2:35 pm | Acquisitions, Financings

    Cross River Bank recently closed a large acquisition loan for a portfolio of seven skilled nursing facilities and one assisted living community in Georgia, Tennessee and Missouri. Raina Yoo was the Loan Officer on the transaction. The portfolio features a total of 1,339 licensed beds, and occupancy stood at 88%, overall.  Read More »

  • Local Operator Closes Lease-to-Purchase Deal

    by | Jan 16, 2026 2:34 pm | Acquisitions

    A skilled nursing facility in Mississippi faced a time-sensitive CHOW with frozen Medicaid rates under appeal after the outgoing operator was planning to leave before the ownership transfer occurred, posing meaningful risk to the facility’s financial performance and operational continuity. The facility was older and around 50% occupied at the... Read More »

  • Mainstay Senior Living Grows in Georgia

    by | Jan 16, 2026 2:31 pm | Acquisitions

    Mainstay Senior Living acquired two seniors housing communities in Savannah, Georgia. The properties are located about five miles apart from each other. Grace Manor Savannah was built in 1997, while Habersham Manor was built in the late-1980s. They feature a total of 143 assisted living and memory care units. Florida-based Mainstay now has 46... Read More »

  • Private Equity Firm Divests Portfolio to Chicago Investor

    by | Jan 15, 2026 4:06 pm | Acquisitions

    Trinity Investors, a Texas-based private equity firm, sold a 224-unit portfolio of three seniors housing communities in Alabama that it acquired in tranches between 2022 and 2023 with a regional owner/operator. After the portfolio stabilized and capital was injected into the communities, Trinity recapitalized the venture in March 2025 with... Read More »
REITs’ Low Capital Costs May Drive Cap Rates Lower

REITs’ Low Capital Costs May Drive Cap Rates Lower

by | Jul 7, 2021 9:40 am | Financings

For the past 18 months or so, healthcare REITs have been doing more selling than buying, at least of seniors housing and care assets. Some of the moves were strategic, such as Healthpeak Properties making the decision to exit the senior care market, at least for now. Others were more tactical, such as Welltower trying to sell high and buy low to better position its portfolio for the future.  But there is one common denominator for the REITs, especially the largest ones, and that is their cost of capital advantage and the ability to use it as we are emerging from the depths of the pandemic. Even though it is not looking to buy senior care assets right... Read More »
60 Seconds with Ben Swett: Competition For Deals in an Active M&A Market

60 Seconds with Ben Swett: Competition For Deals in an Active M&A Market

by | Jun 29, 2021 4:32 pm | 60 Seconds

We’re not sure we have ever seen a month like this when it seemed that institutional buyers were racing to see who could announce the biggest deal. First was Welltower’s acquisition of 22 Pathway to Living communities, then came Harrison Street’s $1.2 billion purchase of 24 Oakmont communities, then Atria Senior Living acquired Holiday Retirement and Welltower jumped back in again, acquiring Holiday’s owned portfolio of 86 properties. Next, we had the Griffin American REITs 3 and 4 merging, and finally, at least of this filming, Ventas will pay $2.3 billion to purchase New Senior Investment Group. It has been a dizzying display of strength from these institutional buyers, and we are... Read More »
Ventas Buys New Senior Investment Group

Ventas Buys New Senior Investment Group

by | Jun 28, 2021 11:40 am | Acquisitions

Don’t you just love it when a plan comes together? Just when Welltower announced a deal to buy Holiday Retirement Corporation’s 86 owned assets, and Atria Senior Living agreed to buy Holiday itself, Ventas steps in and buys New Senior Investment Group. New Senior owns 77 Holiday-managed communities, 21 communities that have recently been switched from Holiday management to Atria, 15 other communities managed three other providers, and one large community triple-net leased to Watermark Retirement Communities. At the end of the first quarter, just four communities were managed by other companies, so things must have moved during the second quarter. Jay... Read More »
Dissecting the Holiday Retirement Deal

Dissecting the Holiday Retirement Deal

by | Jun 22, 2021 10:18 pm | Acquisitions

Welltower announced the acquisition of Holiday Retirement’s owned portfolio of 86 independent living communities for $1.58 billion, or just about $152,000 per unit. Simultaneously, Atria Senior Living said that it was acquiring Holiday’s operating business for an undisclosed price. Either of these announcements would normally be major news, but they also come on the heels of Harrison Street’s $1.2 billion purchase of 24 properties operated by Oakmont Senior Living and a very busy June (so far) with more than 30 individual transactions already made public. Perhaps the tide has turned for investment activity in seniors housing and care.  The Welltower deal also represents yet another... Read More »
LCS Hires Joe Weisenburger from Welltower

LCS Hires Joe Weisenburger from Welltower

by | Jun 22, 2021 4:56 pm | Acquisitions

LCS has picked up a noteworthy hire from Welltower, welcoming Joe Weisenburger as their new vice president, senior director of business development.  Mr. Weisenburger brings 23 years of industry experience to LCS, one of the country’s largest senior care operators with over 130 properties in its portfolio. He has developed multibillion-dollar senior housing deals and previously served as Welltower’s senior vice president of business development.   At Welltower, he worked on the management team that brought the company’s assets from $1 billion to $30 billion dollars. He will now be tasked with creating business development strategies aimed at increasing revenue across all LCS... Read More »