• Brookdale Occupancy Stalls

    by | Dec 9, 2025 3:28 pm | Uncategorized

    Brookdale Senior Living released its November occupancy results, and its census growth has stalled this Fall. In its consolidated portfolio, weighted average occupancy fell by 10 basis points from 82.6% in October to 82.5% in November, while month-end occupancy dropped more significantly from 83.7% to 83.4%. Same-community results were not... Read More »

  • Well-Performing Facility Sells for Strong Price

    by | Dec 9, 2025 3:27 pm | Acquisitions

    A rare skilled nursing and behavioral health facility in Tucson, Arizona, sold for a strong price to a partnership between a regional healthcare equity investor and a national skilled nursing operator. Featuring more than 140 beds, the facility is licensed by the state for both medical and behavioral health services, being the only SNF in the... Read More »

  • AL Community with Attached SNF Trades

    by | Dec 9, 2025 3:26 pm | Acquisitions

    An assisted living community with an attached, vacant 65-bed skilled nursing facility in Faribault, Minnesota, sold with the help of Ray Giannini of Marcus & Millichap. Built in 1998, Pleasant View Estates features 36 units and a 75% elderly waiver census. The community was well-occupied and operated at a strong margin. It was previously... Read More »

  • Regional Bank Funds Dallas Development

    by | Dec 9, 2025 3:25 pm | Developments, Financings

    Construction projects, although rare, can still get done these days. Tremper Capital Group successfully secured an $84 million non-recourse loan from a regional bank to fund a development in the Dallas, Texas MSA. The 164-unit independent living, assisted living and memory care project is being built by Harbert South Bay Partners in the... Read More »

  • UMRH Expands Two CCRCs in North Carolina

    by | Dec 9, 2025 3:24 pm | Financings

    Ziegler closed The United Methodist Retirement Homes’ (UMRH) $92.125 million Series 2025A, 2025B and 2025C bonds. UMRH is a North Carolina-based not-for-profit corporation that owns and operates three CCRCs in North Carolina: Croasdaile Village Retirement Community in Durham, Wesley Pines Retirement Community in Lumberton, and Cypress Glen... Read More »
CBRE Refinances Chico Expansion Project

CBRE Refinances Chico Expansion Project

by | Jun 18, 2019 2:55 pm | Acquisitions

After expanding its Chico, California senior living community a couple of years ago, Westmont Living refinanced the new development with a Freddie Mac loan arranged by Andrew Behrens, Aron Will, Austin Sacco and Adam Mincberg of CBRE. Set next to a lake within a master planned age-restricted community, the 80-unit assisted living expansion opened in 2017 to join the existing 138-unit senior living community that offers independent living, assisted living and memory care services. Since Westmont took over operations in early 2006, the property has experienced consistently strong occupancy above 90%. In 2016, CBRE had arranged a $32.3 million Fannie Mae loan, with a 10-year, fixed-rate term... Read More »
CBRE Finds Financing With Freddie Mac

CBRE Finds Financing With Freddie Mac

by | Dec 8, 2017 7:01 am | Financings

Aron Will of CBRE worked with Freddie Mac for his two latest transactions, and crisscrossed the country to do so. First, with Andrew Behrens of CBRE Multifamily Institutional Group, Mr. Will closed a $29.8 million financing for a 144-unit senior living community in Escondido, California (San Diego MSA). Purchased in 2012 by Westmont Living, the community underwent a three-year capital improvement project that involved adding a 22-unit memory care wing. It clearly worked, as occupancy stands at 92% for the property. Westmont received a 10-year, fixed-rate loan with 60 months of interest only payments. Then, to Cincinnati, Ohio, where Mr. Will arranged acquisition financing (again through... Read More »

Keeping the pace

by | Feb 3, 2016 8:30 am | Acquisitions, Financings

Aron Will of CBRE had yet another prolific month (after an already busy 2015), closing four transactions. Included in his totals were two acquisition financings (for the MorningStar Senior Living Colorado portfolio and Capitol Seniors Housing’s Seattle-area acquisition) already detailed in previous weeks. Mr. Will also recently arranged a $32.3 million 10-year Fannie Mae loan, with a fixed interest rate and 54 months of interest-only. The borrower, Westmont Living, will use the funds to refinance its 138-unit independent/assisted living community in Chico, California. Already with a 94% occupancy rate at the community, Westmont may look to convert a number of units to memory care in order... Read More »
Seattle sale

Seattle sale

by | Jan 13, 2016 8:30 am | Acquisitions, Financings

Capitol Seniors Housing’s second investment in the Seattle MSA was financed with the help of Aron Will of CBRE National Senior Housing, who arranged a $20.12 million non-recourse, floating rate loan with a five-year term and 36-months of interest-only, provided by a national bank. The acquired community is located in the town of Mukilteo, Washington and features 107 units of about half independent and half assisted living. It was built in phases in 2000 and 2004, and occupancy has been between 86% and 90% in 2015. On a trailing-12 month basis, the community generated about $2 million of EBITDA on approximately $4.8 million of revenues, for an operating margin of 42%. Capitol Seniors... Read More »