Transactions & Financings: Invesque Moves Further Away From Skilled Nursing, MassDevelopment Issues $129M Bond

Financings MassDevelopment Issues $129M Bond For Middle-Market Community MassDevelopment announced it issued a $129 million tax-exempt bond on behalf of 2Life Opus Newton for the development of a senior living community aimed at serving the middle market. The community – run by 2Life Opus, an affiliate of 2 Life Communities – will be a 174-unit […]

Why Kaiser Permanente’s Geisinger Acquisition Could Fuel More Innovation for Aging Care

Kaiser Permanente on Wednesday announced it is acquiring Geisinger and folding it into a new entity, Risant Health, in a deal that could have wider implications for how care is delivered in senior living communities. With the deal, the terms of which were not disclosed Wednesday, Danville, Pennsylvania-based Geisinger will keep its name and mission […]

Transactions & Financings: Blueprint Advises Land Sale; CBRE Arranges $23M Loan

Financings CBRE Arragned $23M Financing for Community CBRE National Senior Housing announced it arranged a 10-year bridge loan wroth $23.3 million for a senior living community in Seattle. The community – developed and owned by Capital Seniors Housing – is a 93-unit assisted living and memory care community that was originally a children’s hospital built […]

Transactions & Financings: Atlas Acquires Community; Berkadia Closes $86M in Q1

Sales Atlas Senior Living Acquires Community in Mississippi Atlas Senior Living has acquired The Claiborne at Adelaide, a senior living community in Starkville, Mississippi. The community offers independent living, assisted living, and memory care services with a focus on providing personalized care and services. With the deal, the senior living operator’s footprint in has expanded […]

Senior Living Industry Sees Fewest M&A Deals Since Early 2021

Investors and owners closed fewer deals in the first quarter of this year as interest rates and other economic conditions continue to make senior living transactions harder. In the first quarter of 2023, the number of publicly announced mergers and acquisitions fell to just 98, representing a 13% drop from the 112 deals announced in […]

Transactions & Financings: Eskaton Exits Standalone Skilled Nursing; Acts, Mease Explore Affiliation

Transactions Eskaton Exits Skilled Nursing, Narrows Focus to Senior Services and Residential Living Eskaton announced its exit from the standalone skilled nursing sector with the sale of three skilled nursing communities that are not part of a larger residential living community in a deal valid north of $35 million, according to the Sacramento Business Journal. […]

Ventas to Take Ownership of 16 Senior Living Communities in Collateral Pool of $486M Santerre Loan

Ventas (NYSE: VTR) on Friday announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors. The move will give the REIT full ownership of 16 “large-scale” communities in its senior housing operating portfolio (SHOP), representing nearly 20% of the NOI of the […]

Transactions & Financings: Blueprint Arranges Arbor Terrace Sale, MicCap Closes in Illinois

Sales Blueprint Arranges Sale of Memory Care Community Blueprint Healthcare Real Estate Advisors announced it arranged the sale of a newly-developed senior living community in Virginia. The community – called Arbor Terrace Fairfax – is a 48-unit/54-bed memory care community in Fairfax County, Virginia that was developed by Capital Seniors Housing in partnership with the […]