Transactions and Financings: Ziegler Closes on $68.5M for Acts Retirement-Life Communities; Brookdale Secures $179.5M Refinancing

Financings JLL Capital Markets leads $179.5M financing for Brookdale JLL Capital Markets announced on Jan. 9 that it closed on a seven-year fixed rate loan of $179.5 million on behalf of Brookdale. According to a press release, the loan was done through Fannie Mae, and the proceeds were used to refinance a seven-year tranche of […]

Despite Recent Slowdowns, Senior Living M&A Still Alive in 2023

This article is a part of your SHN+ subscription Senior living dealmaking volume is still well below where it has been in the past as macroeconomic conditions make deals harder to ink. But that doesn’t mean this year will be a total wash in the end, either. Market conditions are still evolving, and there’s still […]

Transactions & Financings: VIUM Closes on $350M in Financings; K4Connect Raises Over $8M

Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]

Despite Fears of ‘Death Spiral’ for Small Buildings, Seasoned Operators See Promise in Enlivant Portfolio

Earlier this spring, I received a LinkedIn message related to the future of the TPG/Sabra Healthcare REIT (Nasdaq: SBRA) joint venture senior living portfolio, operated by Enlivant. The message was from a relative of a resident, sharing a letter stating that a new operator would soon be taking over. I eventually learned the future operator […]

‘Like a Game of Chicken’: Buyers, Sellers Get Creative as Senior Living Valuations Remain Low

Senior living operators face short-term turbulence when it comes to property values across all care types, but that turbulence could be an opportunity for well-positioned buyers looking to expand their portfolios.  Higher interest rates have made inking new deals prohibitive in the short-term, with operators and lenders needing to get even more creative than before […]

Transactions & Financings: NHI Buys Bickford Community; VIUM Closes $250M in October

Acquisitions National Church Residences Buys Near Atlanta National Church Residences announced it finalized the purchase of a senior living community located on a larger campus called Christian City in Union City, Georgia. The community — called Garden Terrace — adds 20 affordable senior living units to the National Church Residences portfolio and brings its total […]

Future Leader: Brendan Healy, Senior Managing Director, VIUM Capital

The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health, and hospice care. To see this year’s Future Leaders, visit Brendan Healy, senior managing director at VIUM Capital, has […]

Greystone, VIUM Capital Lead HUD Lending for 2022 as Volume Down but Activity ‘Consistent’

Strong short-term headwinds resulted in a decline in loan volumes for the U.S. Department of Housing and Urban Development’s (HUD) Lean financing program for senior housing in 2022, but some of the key players in the space say opportunity lies ahead for next year. For 2022, overall Lean program volume dropped to $2.89 billion across […]

Transactions & Financings: Kare, NAHCA Team Up for Training Program; MidCap Closes on Mortgage for Future Watermark Community

Financings VIUM Capital Closes $200M in Senior Housing, Healthcare Vium capital announed it closed approximately $200 million worth of deals in seniors housing and healthcare in the month of August. The $200 million figure comes from six financings that included 28 separate projects in nine different states. For example, Vium closed on a $7.7 million […]

Transactions & Financings: CFG 2022 Volume Reaches Nearly $2B; Invesque Trims Active Adult from Portfolio

Financings JLL Capital Markets Arranges $30M for Refinancing JLL Capital Markets (NYSE: JLL) announced it arranged $29.57 million for refinancing for a Washington-based senior living community. The community — Mirror Lake Village — is a 114-unit IL, AL and memory care community located in Federal Way, Washington near Puget Sound with amenities like an outdoor […]