What the $105M Portopiccolo Financing from Northwind, CareTrust Signals About Nursing Home Sector Stabilization

Northwind Group, a real estate private equity firm and debt fund manager, announced multiple significant investments in the skilled nursing sector earlier this month in a move that underlines a favorable environment for deal making for large players. A portfolio of nursing homes owned by The Portopiccolo Group benefited from the provision of credit facilities […]

Skilled Nursing in Financial Squeeze, But Bullishness Builds for Sector’s Next Phase

Rising interest rates are inflicting pain on the skilled nursing sector, with tough discussions between capital providers and operators to come in 2023. But with more sophisticated operators serving higher-acuity residents than in the past, and Covid-19 changing perceptions of “stroke of the pen risk,” investors see an industry with attractive long-term prospects. “I’ve been […]

Forbes’ Gleckman: Biden’s PE Ownership Scrutiny is ‘Two Beats Behind’

While the calls for nursing home ownership reform tied to private equity (PE) have grown louder from the current administration and other federal figureheads, industry leaders say such endeavors are old hat — investors are already leaving the SNF sector in favor of home health and private-pay senior housing. That’s according to an article published […]

Investor Interest in SNFs Spurred by Less Government Risk, More Dollars

Institutional interest has ramped up in the skilled nursing space, with investors seeing opportunity in “stroke-of-the-pen risk,” including but not limited to the influx of government dollars during the pandemic. SNF real estate has experienced more liquidity compared to sister sectors like assisted living and senior housing, investors Ran Eliasaf and Jonathan Slusher told Skilled […]

Why Even the Best Operator Can’t Fix a Bad Skilled Nursing Market

Skilled nursing operators with a strong regional focus and market presence are attractive to potential investors and capital partners, but ultimately the realities of the market will trump even the best operator. The operator-driven nature of the SNF field makes the people involved in a given facility paramount, but investors can’t overlook how susceptible nursing […]

$169M Skilled Nursing Portfolio Deal in N.J.; Legacy Grows with a Pair of SNFs in Chicagoland

Peace Capital and its affiliated operator Complete Care Management acquired a 930-bed senior living and skilled nursing portfolio in the Ocean County, N.J. area in a $169 million deal. The transaction was financed by a $26 million mezzanine loan from the New York City-based private equity firm Northwind Group, and a $131 million senior financing […]

Carespring Plots Skilled Nursing Expansion — But Only If It’s a Drive Away

In a skilled nursing landscape short on new development and populated with many options for outsourcing components of care, Carespring has made a point of keeping its rehabilitation services in-house — and only expanding through new construction. With 11 total SNFs in Ohio and Kentucky, Carespring is looking to maintain its local presence while growing […]

Private Equity Firm Northwind Announces New SNF Lending Platform as Part of $1B Goal

Northwind Group, a private equity firm based in New York, last week announced a new health care lending platform for providing debt and preferred equity capital to seniors housing and skilled nursing real estate owners and operators. The offerings will include first mortgage-secured loans for acquisitions, refinancings, and other bridge needs for two- to five-year […]

Northwind Acquires $182.5M Skilled Nursing Portfolio in Ohio and Kentucky

Northwind Group, a real estate owner-operator based in Manhattan, acquired a portfolio of seven skilled nursing facilities with a total of 1,037 beds in Ohio and northern Kentucky. Along with one 110-unit assisted living property, the total acquisition price was $182.5 million. All of the facilities are operated by Carespring Health Care, a Loveland, Ohio-based […]