Transactions and Financings: Berkadia, Poppy Bank Close $329M; Covenant Adds Two Communities

Financings Berkadia, Poppy Bank close over $329 million Berkadia Seniors Housing and Healthcare announced it has worked with Poppy Bank to close on over $329 million of bridge debt in April, May and June. According to a press release, the total includes 12 properties totaling 1,597 units. “We are fortunate to have a longstanding relationship […]

Transactions and Financings: 12 Oaks Partners with August Health; Berkadia Sells Two Communities

Partnerships 12 Oaks partners with August Health 12 Oaks Senior Living announced a strategic partnership with August Health to enhance its care and compliance capabilities. According to a press release, the initiative will leverage advanced health data analytics and integrated care platforms to deliver personalized care to residents and provide a focus on value based […]

Transactions and Financings: LCB’s New Community; Rendever, Leisure Care Expands Partnership 

Management LCB Senior Living assumes management of New Jersey community LCB Senior Living announced it has assumed management of Mattison Crossing at Manalapan Avenue in Freehold, New Jersey on May 21. According to a press release, the community contains 160 residential apartments and offers assisted living and memory care services. LCB Senior Living owns and/or […]

Transactions and Financings: MedCore Acquires Two Communities; Tutera to Manage New Community

Transactions MedCore acquires two communities MedCore Partners announced it has completed the acquisition of two senior living communities in Detroit, Michigan. According to a press release, this acquisition will bring MedCore’s seniors housing portfolio to nine states and 22 assets with approximately 2,700 beds. The transaction was completed through a partnership with REDICO/American House, and […]

New HUD Guidelines Could Help More Senior Living Operators Access Financing

New federal guidelines around mortgage insurance applications could help more senior living providers access financing. The new U.S. Department of Housing and Urban Development (HUD) rules change a corporate credit review period of 18 months and increase the threshold for when a corporate credit review is required as it pertains to seeking HUD financing. According […]

Transactions and Financings: Healthpeak, Physicians Realty Merger Approved; 5-Community Portfolio Changes Hands

Mergers Healthpeak Properties, Inc., Physicians Realty Trust approved to merge Healthpeak Properties, Inc. and Physicians Realty Trust announced on Feb. 21 that stockholders and shareholders for the respective companies have voted to approve a merger. According to a press release, the transaction is expected to close on March 1. The company will operate under the […]

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 […]

Transactions & Financings: CPF, Grace Management Add 2; Blueprint Closes Sale in Texas

Transactions Watermark Takes Over Management of Almaden Watermark Retirement Communities announced it has assumed the operational responsibility of a California-based senior living community and has added the community to its signature program. The community – now called The Watermark at Almaden – is located in San Jose, California is Watermark’s ninth in the Northern California […]

Transactions & Financings: Financing Secured for Atria’s Next Coterie Project; Northmarq Closes AL, IL Sale

Financings Related Companies, Atria Expand Luxury Coterie Pipeline Related California, part of Related Companies, announced $690 million in construction financing for a luxury residential development in Santa Clara, California that will include a senior living community. Otera Capital provided a $360 million construction loan for 509 luxury residences and PNC Bank provided a $130 million […]

Transactions & Financings: Ziegler Closes $17M Financing for Goodwin Living Community; CFG Secures $40M for Griffin Living Refinancing

Acquisitions Commonwealth Adds 3, Expands to New State Commonwealth Senior Living announced it added three senior living communities, all located in Michigan, marking Commonwealth’s first footprint in the Great Lakes State. The communities — located in New Baltimore, Grand Rapids and East Paris — are all undergoing renovations totaling more than $22 million. The communities, […]