JLL Capital Markets

JLL is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for their clients, people and communities.

Contact Information

Street:  200 E Randolph St Floor 43-48
City:  Chicago
State:  IL
Zip Code:  60601  Phone Number:  (312) 782-5800
Website: https://www.us.jll.com/


JLL in the News

  • JLL Finances Santa Rosa Development
    The JLL Capital Markets team led by Director Bercut Smith secured construction financing for a 92-unit seniors housing development in Santa Rosa, California. A joint venture between Blue Mountain Enterprises and Calson Management is responsible for the project, which will feature 66 assisted living units (comprising studio, one- and two-bedroom options) and 26 private memory care... Read more
    Published on: March 25, 2021 By Ben Swett
  • JLL Handles Latest Healthpeak Sale
    Mike Garbers and Cody Tremper of JLL represented Healthpeak Properties in the sale of an assisted living/memory care community in Kenmore, Washington. This one-off transaction included an 85-unit community that had been underperforming since the end of 2018. The property was also in need of some capex. Sunrise Senior Living previously operated the community, but... Read more
    Published on: March 24, 2021 By Ben Swett
  • JLL Handles Healthpeak’s SHOP Sale
    Mike Garbers and Cody Tremper of JLL Capital Markets announced their involvement in Healthpeak Properties’ sale of 16 of its SHOP communities operated by several provider partners. White Oak Healthcare REIT joint ventured with Discovery Senior Living to acquire the portfolio for $230 million, or roughly $128,000 per unit. However, Healthpeak didn’t exit entirely, providing the buyer with... Read more
    Published on: February 16, 2021 By Ben Swett
  • JLL Sells A 55+ Community in Minnesota
    The JLL Capital Markets team of Dan Linnell, Mox Gunderson, Josh Talberg and Adam Haydon represented the seller of a 66-unit active adult community near Minneapolis, Minnesota, with another JLL team financing the deal too.   Set on 12.5 acres in the town of Andover, this community consists of one-, two- and... Read more
    Published on: January 29, 2021 By Ben Swett
  • JLL Announces Seniors Housing Portfolio Deal
    The JLL team got off to a prolific start this January, already handling a couple of transactions across 17 seniors housing properties. The big one involved the sale of 16 seniors housing communities previously owned by a publicly traded REIT. Totaling more than 1,800 units, these communities were located in... Read more
    Published on: January 22, 2021 By Ben Swett

Chicago Pacific Founders

Chicago Pacific Founders (“CPF”) is a strategic healthcare investment firm focused exclusively on healthcare services. CPF’s leadership team is made up of former healthcare CEOs and senior executives with a passion and track record of building healthcare businesses. CPF is actively looking to partner with organizations focused on delivering the highest quality of service to patients and providers. The firm will invest up to $75 million of equity capital per opportunity in growth, minority recap, and buyout transactions for cash flow positive businesses. The firm is based in Chicago, Illinois and in San Francisco, California.

Contact Information

Street:  980 Michigan Ave #1998
City:  Chicago
State:  IL
Zip Code:  60611  Phone Number:  (312) 273-4750
Fax Number:  617-261-9555
Website: https://www.cpfounders.com/


Chicago Pacific Founders in the News

  • Chicago Pacific Founders Acquires Fort Myers Community
    Chicago Pacific Founders acquired a 136-unit senior living community in Fort Myers, Florida, with its subsidiary Grace Management taking over operations. Featuring 136 units of independent living, the property is located in the Cypress Lake community near shopping areas, restaurants, medical facilities and indoor/outdoor recreation. On campus, there are also a... Read more
    Published on: December 14, 2020 By Ben Swett
  • CBRE Handles Sarasota-Area Sale and Financing
    It was all hands on deck at CBRE for the sale of an Englewood, Florida (Sarasota MSA) senior living community. We wrote about the deal earlier this week when Chicago Pacific Founders (CPF) announced its acquisition of the property. Featuring 118 units of assisted living and memory care, this community... Read more
    Published on: October 06, 2020 By Ben Swett
  • Chicago Pacific Founders Adds Florida Community
    We’ve written about how private equity firms are likely the buyers best equipped to acquire senior care assets in this current environment, given their deep pockets and penchant for value-add deals. One of those firms, Kayne Anderson Real Estate Advisors, has already shown its interest by closing several... Read more
    Published on: October 02, 2020 By Ben Swett
  • Chicago Pacific Founders Acquires Again
    Chicago Pacific Founders appears to be wrapping up 2019 with its sixth acquisition of the year, and eighth added property. The target was a 113-unit assisted living/memory care community in Naples, Florida, located just three miles from the city’s Fifth Avenue District and near shopping centers, medical facilities... Read more
    Published on: December 26, 2019 By Ben Swett
  • CBRE Returns for Two More Financings
    The closings keep on coming for the team of Aron Will, Austin Sacco and Tim Root from CBRE National Senior Housing, which just announced two financings totaling nearly $50 million. The team first arranged $4 million in supplemental financing on behalf of Chicago Pacific Founders (CPF) for its... Read more
    Published on: October 15, 2019 By Ben Swett

ProMedica Senior Care

ProMedica Senior Care, formerly HCR ManorCare, is a mission-based, not-for-profit integrated healthcare organization, caring for people nationwide. We are a leading provider of short-term, post-hospital services and long-term care with a network of hospitals, physicians, a health plan, skilled nursing and rehabilitation centers, Arden Courts memory care communities, home health and hospice agencies. Driven by its mission to improve health and well-being, ProMedica has been nationally recognized for its advocacy programs and efforts to address social determinants of health.

Contact Information

Street:  333 N Summit Street
City:  Toledo
State:  OH
Zip Code:  43604
Website: https://promedicaseniorcare.org/


ProMedica Senior Care in the News

  • HCR ManorCare Exits Wisconsin Market
    Ryan Saul and Toby Siefert of Senior Living Investment Brokerage have sold HCR ManorCare’s (now ProMedica Senior Care) last skilled nursing facility in the state of Wisconsin. The decision to sell came back in the summer of 2019, when the property was originally marketed. A buyer was found,... Read more
    Published on: January 08, 2021 By Ben Swett
  • The Gold Standard A Bit Tarnished
    A scathing article from The Washington Post discloses quality problems at HCR ManorCare before its sale to Welltower and ProMedica Health System. For those of you who missed the Thanksgiving weekend article from the Washington Post about poor care at HCR ManorCare’s nursing facilities in Pennsylvania, well, why ruin a great weekend? All kidding aside,... Read more
    Published on: November 28, 2018 By Steve Monroe
  • CareTrust Completes Second HCR ManorCare Acquisition
    CareTrust REIT headed to Fargo, North Dakota for its latest acquisition, adding a 110-bed skilled nursing facility to its portfolio for a purchase price of approximately $4.75 million, or $43,200 per bed, inclusive of transaction costs. There is also an estimated cap rate of about 13.25%. The facility... Read more
    Published on: November 02, 2018 By Steve Monroe
  • Tryko Partners Picks Up HCR ManorCare Facility
    Quality Care Properties divested one of its HCR ManorCare-operated skilled nursing facilities in New Jersey, with Tryko Partners stepping in as the buyer. Built in 1974, the 106-bed facility is located in New Providence (Newark MSA), which will complement Tryko’s existing strong presence in central and northern New... Read more
    Published on: September 14, 2018 By Steve Monroe
  • HCR ManorCare Deal The Future Or A Risk?
    Hospitals and post-acute providers have not mixed well in the past, but ProMedica Health System hopes that changes. I keep thinking about the Welltower and ProMedica Health System acquisition of Quality Care Properties and HCR ManorCare. Given today’s valuations, ProMedica may have gotten a bit of a deal with ManorCare’s... Read more
    Published on: May 23, 2018 By Steve Monroe

Meridian Capital Group


Founded in 1991, Meridian Capital Group is America’s most active dealmaker and one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors. In 2019, Meridian closed over $40 billion in financing across more than 250 unique lenders. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, and healthcare and senior housing properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California

Contact Information

Street:  One Battery Park Plaza
City:  New York
State: NY
Zip Code:  10004 Phone Number:  (212) 972-3600
Email:  sales@meridiancapital.com
Website: https://www.meridiancapital.com/


Meridian Capital Group in the News

  • Capital Funding Group Closes Q1 In Style
    Capital Funding Group’s new off-balance sheet credit venture, CFG Credit Partners, has done it again, arranging another nine-figure bridge loan to support the acquisition of a skilled nursing portfolio. This transaction totaled $285 million. Using the funding, a nationally recognized borrower (which has worked with CFG before) was... Read more
    Published on: March 31, 2021 By Ben Swett
  • Meridian Makes It Happen Down South
    Meridan Capital Group’s seniors housing and healthcare team secured a recapitalization refinance for an eight-property seniors housing portfolio in the Southeast. Located in South Carolina, Tennessee and Kentucky, the communities comprise 296 independent living units, 172 assisted living units and 79 memory care units for a total of... Read more
    Published on: March 29, 2021 By Ben Swett
  • Hill Valley Healthcare Announces Tidewater Transaction
    The team at Meridian Capital Group consisting of Ari Adlerstein, Ari Dobkin and Josh Simpson secured acquisition financing for a portfolio of three skilled nursing facilities in Virginia.   Located along the Chesapeake Bay coast in Warsaw, West Point and Hampton, the facilities feature 80, 60 and 130 beds, respectively. Built... Read more
    Published on: February 12, 2021 By Ben Swett
  • Meridian Capital Group Closes Out 2020 In Style
    To say that Meridian Capital Group had a strong 2020 would be an understatement. Amid all sorts of obstacles that were only compounded by COVID-19 and widespread lockdowns, the firm closed more than $3 billion in transaction volume in 2020, with $776 million for 76 seniors housing and healthcare... Read more
    Published on: January 05, 2021 By Ben Swett
  • Vermont Portfolio Sale Funded By Oxford Finance
    Oxford Finance announced its involvement in the sale of a five-skilled nursing facility portfolio in Vermont, which was revealed last month. To support the $46.6 million purchase price, Oxford provided a $44.6 million credit facility and revolving line of credit to the buyer, MDA Capital Group, LLC.  Four... Read more
    Published on: December 03, 2020 By Ben Swett

Evans Senior Investments

Evans Senior Investments [ESI] was founded in 2009 by twin brothers, Jason and Jeremy Stroiman. ESI is the only M&A firm empowering independent owners to maximize profitability by providing complimentary benchmark analysis and market valuation data. As the leader in the industry, ESI has provided over $10 billion in market valuations and counting.

Contact Information

Street:  1017 W Washington Blvd, Unit 4F
City:  Chicago
State:  IL
Zip Code: 60607   Phone Number:  (312) 896-0123
Email:  info@evansseniorinvestments.com
Website: https://www.evanssenior.com/


Evans Senior Investments in the News

  • CareTrust REIT Acquires Rental CCRC Portfolio
    CareTrust REIT acquired four former Marriott rental CCRCs in Southern California for a combined purchase price of $125.2 million, or $196,500 per unit. That just about equals the average price per unit for seniors housing properties in the 2020 M&A market, according to 26th Edition of The Senior Care Acquisition Report.  Originally... Read more
    Published on: March 04, 2021 By Ben Swett
  • Carnegie Capital Closes Loan With Congressional Bank
    JD Stettin of Carnegie Capital secured a bank refinance for a Pennsylvania seniors housing community. Congressional Bank provided the $16.5 million loan, which came with a three-year term and 30 months of interest only. This was the second financing Mr. Stettin has closed for the sponsor, a major national healthcare development fund.... Read more
    Published on: March 01, 2021 By Ben Swett
  • Evans Senior Investments Sells Upstate New York Community
    Evans Senior Investments handled the sale of an assisted living/memory care community in Rome, New York, about 15 miles northwest of Utica. Built in 2009, the community is licensed for 48 AL and 12 MC beds, and also holds an Assisted Living Program (ALP) Medicaid license on 16 beds.... Read more
    Published on: February 18, 2021 By Ben Swett
  • Evans Senior Investments Sells Florida Community
    Fresh off three top-five finishes in our Broker Rankings (see the story in Februrary’s issue of The SeniorCare Investor), Evans Senior Investments represented the independent owner/operator of a 66-unit assisted living/memory care community in High Springs, Florida in the property’s sale. Originally built in 1988 with a 36-unit expansion in 2014, it currently features... Read more
    Published on: February 04, 2021 By Ben Swett
  • Evans Senior Investments Heads Back To Green Springs
    Less than a year after selling a small independent living community in Green Springs, Ohio, the team at Evans Senior Investments returned to the site to sell the remaining two facilities on the campus, including a facility with 31 skilled nursing beds and 20 assisted living units and a separate... Read more
    Published on: December 27, 2020 By Ben Swett

Welltower

Welltower delivers the health care infrastructure necessary to facilitate better treatment at lower costs and keep patients out of the hospital. Their business is centered on a relationship-based investing platform. Welltower provides real estate capital to leading seniors housing operators, post-acute care providers and health systems.

Welltower offers consistent, efficient capital. Their portfolio creates the opportunity to connect partners across the continuum of care and drive efficiency, and their experienced team offers unique insights that lead to superior operating strategies.

Providing high-quality and affordable health care to an aging global population requires vast investments and infrastructure development. The devastating impact of dementia on people and their families demands new solutions. Together with their operating partners, Welltower is answering the challenge.

Contact Information

Street:  4500 Dorr Street
City:  Toledo
State:  OH
Zip Code:  43615  Phone Number:  (419) 347-2800
Email:  info@welltower.com
Website: https://welltower.com/


Welltower in the News

  • Welltower Obtains Cheap Capital
    There has been a lot of noise over the past year about the debt markets being “closed,” or partially so, spreads widening, terms tightening and lenders not wanting to venture into loans with new borrowers. And, we have to mention, Treasury rates have risen significantly, with the 10-year... Read more
    Published on: March 29, 2021 By Ben Swett
  • Walker & Dunlop Arranges Several Sales
    The Walker & Dunlop Investment Sales team, including Joshua Jandris, Mark Myers, Brett Gardner and Jordyn Berger, is off to a good start to their year, already announcing a few closings with another four set to close in the next six weeks. In total, the team has about... Read more
    Published on: March 04, 2021 By Ben Swett
  • Genesis to be Delisted After Welltower Split
    When Genesis HealthCare announced last year that it may not make it in the following 12 months, you knew something had to be done. And then at the beginning of this year when its longstanding CEO, George Hager, departed, you knew that replacing one person with another was just not... Read more
    Published on: March 03, 2021 By Ben Swett
  • Welltower Still Sees Opportunity
    We all know that Welltower has been selling a few billion of seniors housing assets just like Healthpeak Properties has. But the difference is that Welltower is still buying. Not only that, they picked up a 790-unit portfolio operated by Harbor Retirement Associates for $132 million, or $167,000 per unit. The seller? Healthpeak (see story above). Even... Read more
    Published on: February 10, 2021 By Ben Swett
  • The Welltower Census Decline
    Welltower‘s seniors housing partners continue to suffer from census declines and operating costs. We do appreciate the transparency that Welltower has been providing investors, but boy does it provide a window onto what is happening. In its monthly update, Welltower informed us that it suffered its worst monthly... Read more
    Published on: January 19, 2021 By Ben Swett