Skilled Nursing Dealbook: Strawberry Fields to Acquire 6 Facilities; $400M, 29-Facility Portfolio Refinancing

Strawberry Fields to Buy Facilities in Kansas for $24M Strawberry Fields REIT (NYSE American: STRW) is set to purchase six long-term care facilities in Kansas for $24 million using current working capital, consisting of five nursing homes and one assisted living property. All 354 licensed beds will be leased to Advena Living, led by Willie […]

CFG Provides $76M for 16 Nursing Homes; MonticelloAM Closes $87M in Financing for 450-Bed Portfolio

MonticelloAM provided $87 million in bridge and working capital financing for a skilled nursing portfolio based in Florida, while CFG provided financing to 16 skilled nursing facilities (SNFs) in California, North Carolina, Iowa, and Florida. CFG provides $76M in financing for 16 SNFs Capital Funding Group (CFG) announced the closing of four transactions totaling more […]

First Citizens Secures $115M for Acquisition of 8 Nursing Homes; Summit Sells 3-Facility Portfolio for $30M

First Citizens Bank’s Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities, with investments in over 24 states, First Citizens said in […]

Nebraska Nursing Home Sold; Ignite to Open Missouri SNF in Summer 2025

Evans Senior Investments (ESI) has arranged the sale of Holmes Lake Rehabilitation and Care Center, a nursing home in Lincoln, Nebraska for an undisclosed amount. The transaction was executed on behalf of an independent owner-operator who was ready to transition out of the industry after years of service in the community, ESI said in a […]

CFG Finances $440M in First Half of 2024; New ISNP Launches from American Health Plans JV

Capital Funding Group (CFG) financed more than $440 million in the first half of this year, including 18 health care bridge loans, five multifamily bridge loans and eight HUD loans. Notable transactions included a $42 million HUD financing package for three skilled nursing facilities in Washington and Idaho, along with a $36.2 million bridge-to-HUD loan […]

ESI and SLIB Arrange Nursing Home Sales in Wisconsin and Texas; CIBC Provides $35M Refinancing

Brokerage firm Evans Senior Investments (ESI) facilitated the sale of county-owned Samaritan Health Center in West Bend, Wisconsin. An independent owner-operator was chosen as the buyer, upon county approval. Samaritan provides 186 beds, including 131 skilled nursing beds, 24 residential care apartments, and 31 assisted living beds. Samaritan faced several key challenges while on the […]

NHC Acquires 15 Skilled Nursing Facilities; Ignite Medical Resorts Expands in Indiana

National HealthCare Corporation (NYSE: NHC) plans to acquire the White Oak Senior Living portfolio, with facilities across North and South Carolina. White Oak consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, and including one leased facility. In South Carolina, the portfolio consists of nine skilled nursing […]

Cressey & Company Extends in to LTC Space With HealthDrive Acquisition; Champaign Urbana Nursing & Rehab Changes Hands

Funds affiliated with Cressey & Company, a private investment firm specializing in advancing healthcare services and information technology enterprises, have acquiredHealthDrive, a prominent provider of multi-specialty clinical services to residents of long-term care (LTC) facilities. The purchase was made from Bain Capital Double Impact. Cressey’s involvement through affiliated funds marks a strategic move to amplify […]

CareTrust Acquires 4 SNFs in the West Coast; LTC Properties Invests $61.5 Million in Ohio

CareTrust REIT Inc. (NYSE: CTRE), along with a regional investor in healthcare real estate, acquired four skilled nursing facilities on the West Coast. The four-property acquisition includes 450 skilled nursing beds and 20 assisted living units. Links Healthcare Group, a new operator relationship for CareTrust, will operate the facilities pursuant to a 15-year master lease […]

Capital Funding Group Executes $2.7B in 2022 Financings; Evans Senior Investments Completes $39M Sale

Three skilled nursing properties in Pennsylvania comprising 395 beds and 32 senior housing units were purchased for $39M, or $91,000 per unit. The seller, represented by Evans Senior Investments (ESI), exited the long term care industry. “The ESI Team was successfully able to showcase how a new regional owner/operator could eliminate the agency staffing issues […]

ESI Closes California SNF Deal for $25M; Blueprint Advises Sale of Pennsylvania Nursing Home to Tryko Partners

Evans Senior Investments (ESI) arranged the sale of a 138-bed skilled nursing facility in Anaheim, Calif. for $25 million or $181,159 per bed. The buyer, an East Coast real estate holding company, structured the lease with a local owner/operator in the state, according to the real estate brokerage firm. Operating long-term care assets in today’s […]

Arnie Whitman, Omega, Ziegler Lead $9M TSOLife Series A; ESI Closes Ohio SNF Deal

TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]

CareTrust Funds $24.9M SNF Portfolio; ESI Arranges Nursing Home Sale in Indiana

CareTrust REIT Inc. (NYSE: CTRE) funded a $24.9 million B-piece secured financing on a four-facility portfolio in the Southeast. The portfolio includes about 700 skilled nursing beds, according to CareTrust. “This loan begins a new relationship with this new Southeast operator,” CEO Dave Sedgwick said in a statement. “The operator has done a tremendous job […]

Eduro Adds 7 More Texas SNFs; ESI Deals Nursing Home for $50M

Eduro Healthcare has grown its Texas portfolio again, adding seven more skilled nursing facilities in the Waco and Austin metropolitan areas. This latest acquisition brings Eduro up to 42 buildings across 10 states. “Our Texas acquisition pipeline is full and robust, and I expect more buildings to join the Eduro team soon,” Owner Michael Bewsey […]

558-Bed SNF Portfolio Trades for $51.5 Million

Evans Senior Investments (ESI) last week announced it represented an owner-operator in the $51.5 million sale of a 558-bed nursing home portfolio. Located in Southwest Colorado, the seven properties were built between 1957 and 2017; each bed is valued at $92,000. The buyer is an East Coast owner and operator looking to grow their presence […]

Greystone Provides $47M in Financing for 5 SNFs; ESI Arranges Senior Care Portfolio Sale

Greystone, a national commercial real estate finance company, provided $47 million in HUD-insured loans for five different skilled nursing transactions. The facilities were located in California, Connecticut, North Carolina and Ohio, and involved five different borrowers, according to a news release. Greystone provided an $8,264,000 loan for a 35-bed facility in San Diego; a $10,584,000 […]

Dwight Capital Closes 2Q With $297.6M in Financing; Senwell Inks Deal on 4-Facility Senior Care Portfolio

Dwight Capital and its mortgage real estate investment trust (REIT) affiliate Dwight Mortgage Trust ended the second financial quarter with $297.6 million in seniors and health care financings. Notable transactions from Q2 included bridge loans for an eight-property SNF portfolio in Minnesota, along with New Jersey-based Riverfront Rehabilitation and Healthcare Center and continuing care retirement […]