Transactions and Financings: IRA Capital Acquires Seattle Community; Lument Closes on $9M Loan

Transactions IRA Capital acquires Seattle community IRA Capital, a California-based private equity firm, announced its acquisition of Quail Park of Lynnwood on June 12. According to a press release, the community is 253 units and was developed in two phases in 2013 and 2020. The release states the all-cash acquisition expands the firm’s healthcare portfolio […]

Staffing Remains Top Challenge as Senior Living Industry Waits for Market ‘Reset’ 

Senior living providers must innovate to make working at their communities a “desirable job” while simultaneously working through a tough capital environment to continue growth and margin expansion. That’s according to Lument Managing Director Casey Moore in reference to a recent survey from Senior Housing News and Lument. The 2024 Senior Living Outlook Survey and […]

Transactions and Financings: Lument Closes on $13.4M Refinancing; Standard Communities Acquires Five Senior Housing Properties 

Financings Lument closes on $13.4 million Fannie Mae loan to refinance Texas community Lument announced on Sept. 14 that it has closed on a $13.4 million Fannie Mae loan to refinance The Fordham at Eagle Springs, located in Humble, Texas. The age-restricted community was built in 2020 and consists of six buildings with 137 units. […]

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 2023 Outlook: Opportunity Ahead, But No Short-Term Fixes

In the long-term, senior living leaders are optimistic about the industry’s prospects. But they see plenty of challenges left to conquer in the short-term relating to staffing and other top industry issues. Those were the findings of the latest Senior Living Industry Outlook from Senior Housing News in partnership with Lument. The survey, released this […]

Transactions & Financings: Brookdale Completes $220M Refinancing; BMO Healthcare Arranges $88M LCS, Senior Care Development Deal

Financings Brookdale Fefinances $220M Debt to September 2024 Brookdale (NYSE: BKD) announed it refinanced substantially all of its 2023 debt maturities, totaling $220 million, until its next maturity in September 2024. The debt has a variable interest rate of 2.45% over SOFT and is secured by priority mortgages on 24 of Brookdale’s 364 owned communities. […]

Senior Housing and Care Deal Volume Outpaces All Other Health Care Sectors

Senior housing and care deals accounted for the highest transaction volume of any health care sector last year. Of the 1,094 health care transactions tracked in 2021, 403 mergers and acquisitions (36.8%) involved long-term care, according to a recent CliftonLarsonAllen report that cited Irving Levin Associates data. Independent living/active adult, assisted living and memory care, […]

Transactions & Financings: Lument Sees Transaction Volume Record in 2021; MidCap Secures $95M Loan

Sales MedCore Sells Washington Community MedCore Partners announced the sale of its Cooks Hill Manor community, according to a press release. The move brings MedCore portfolio to 15 senior living properties across the states of Arizona, California, Oregon, Texas, Utah, and Washington. Grandbridge Arranges New Hampshire CCRC Sale Grandbridge Real Estate Capital announced that it […]

2022 Senior Housing Outlook: Pre-Covid Occupancy and Margins Likely Out of Reach, Investors Still Bullish

While occupancy is trending in the right direction — and demand seems to be holding in the midst of the latest Covid-19 surge — senior living providers appear to be in for another tough year of working toward a recovery. Still, the finance and investment outlook for the sector continues to brighten. “I would say […]