SAN CLEMENTE, Calif. — CareTrust REIT has acquired 13 skilled nursing facilities in Tennessee for $176 million, as the second phase of a portfolio transaction in the state. California-based CareTrust purchased the properties through a joint venture arrangement with a third-party healthcare real estate owner. Each of the 13 facilities will be operated by existing CareTrust tenants under new, long-term master lease agreements. Affiliates of the Ensign Group will operate six of the facilities, with affiliates of Links Healthcare Group operating the remaining seven. The portfolio transaction totals $421 million and …
BARTLETT, Ill. — Continuum Advisors has brokered the $42 million sale of The Oaks at Bartlett, a senior living community located in Bartlett, roughly 35 miles northwest of downtown Chicago. Built in 2007, the property totals 283 units, with 10 cottages, 154 independent living apartments, 16 memory care units and 54 skilled nursing units. Michael Flanagan of Flanagan & Associates served as the receiver for the property, which recently defaulted on its bond obligations. Certus Living has operated the community since the default. David Kliewer and Jay Jordan of Continuum arranged …
MonticelloAM Provides $400M Financing for 2,900-Bed Skilled Nursing Portfolio in Kentucky, Tennessee
NEW YORK CITY — MonticelloAM has provided a $400 million bridge loan for the financing of a skilled nursing portfolio located in Kentucky and Tennessee. Huntington National Bank served as joint lead arranger in the financing. The portfolio totals 2,900 beds across 29 facilities. The borrower was not disclosed.
PENSACOLA, Fla. — SLIB has brokered the sale of a 118-bed skilled nursing facility located in Pensacola. A publicly traded REIT sold the property to an owner based in the Northeast. Bradley Clousing and Daniel Geraghty of SLIB arranged the transaction.
PITTSBURGH, Pa. — Senior Living Investment Brokerage (SLIB) has brokered the $11 million sale of a skilled nursing facility portfolio located in Pennsylvania. Situated primarily within metro Pittsburgh, the portfolio comprises 299 beds across five properties. Originally built between 1964 and 1992, the portfolio was first marketed in fall 2023. Ryan Saul and Toby Siefert of SLIB represented the seller, Guardian Healthcare, in the transaction. According to SLIB, Guardian Healthcare is currently in bankruptcy proceedings, and the properties had struggled financially prior to the sale. A regional owner-operator was the buyer.
WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has brokered the sale of a seniors housing portfolio totaling 174,194 square feet in northwest Pennsylvania. Built between 1958 and 2017, the portfolio comprises 315 units across five properties, including independent living, personal care and skilled nursing facility residences. The portfolio was in receivership at the time of sale. An affiliate of the existing operator acquired the property for an undisclosed price. Ryan Saul and Toby Siefert of Illinois-based SLIB represented the receiver in the transaction.
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Webinar — 2025 Seniors Housing Outlook: Investment, Valuations & Capital
The Dec. 12 webinar “2025 Seniors Housing Outlook — Investment, Valuations & Capital,” sponsored by CBRE, featured expert insight on issues shaping the seniors housing sector. The panel discussion covered investment outlooks, the impact of inflation, capital availability, labor stability and regulatory concerns. This webinar brought together industry leaders to discuss critical economic factors, value-based care and development opportunities in the ever-changing seniors housing landscape. The discussion offers a detailed analysis of operational challenges facing the sector, including rising insurance costs and regulatory headwinds. Before 2025 begins, learn more about …
BALTIMORE — Capital Funding Group (CFG) has provided a $207.1 million bridge-to-HUD loan to 980Investments to support the partnership buyout of a portfolio of skilled nursing facilities in Florida. Together, the facilities total 1,423 beds across 13 properties. Additionally, Capital Finance LLC, a subsidiary of CFG Bank, provided $15 million in accounts receivable financing to support the working capital needs of the facilities. Andrew Jones and Ava Julio of Baltimore-headquartered CFG originated the bridge-to-HUD loan, and Jeffrey Stein of Capital Finance originated the accounts receivable working capital line of credit.
PITTSBURGH — Blueprint has arranged the sale of nine skilled nursing facilities located in metro Pittsburgh. Kadima Healthcare Group acquired the properties from Comprehensive Healthcare Management Solutions, which is currently undergoing restructuring following a Chapter 11 bankruptcy filing this May. The chief restructuring officer for Comprehensive Healthcare Management Solutions engaged Blueprint to handle the divestiture. Operated under two brands — Maybrook and Consulate — the facilities together comprise 930 licensed skilled nursing beds, 19 personal care beds and 15 independent living units.
EAGLES PASS, Texas — Berkadia has secured a $13 million bridge-to-HUD loan for the financing of a 104-bed skilled nursing facility located in Eagles Pass on the Mexican border. The name of the lender was not disclosed. The undisclosed borrower has operated the property since 2019 and will use the 18-month, interest-only financing to cover the cost to purchase the leased fee interest. Jay Healy of Berkadia Seniors Housing & Healthcare arranged the loan for a Fort Worth, Texas-based owner and operator of nursing homes. Berkadia also plans to secure the …
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