MonticelloAM Seniors Housing Update
Welcome to the MONTICELLOAM, LLC Healthcare and Seniors Housing Monthly Update. In this edition, we cover our recent transactions, including a $400M skilled nursing transaction, share an upcoming event we’ll be attending, recap The Healthcare Show, and highlight the latest news in seniors housing.
MONTICELLOAM, LLC, Huntington Bank Provide $400M to Refinance Skilled Nursing Portfolio
MonticelloAM and Huntington Bank co-lead the closing and funding of $400M in bridge financing for a 29-facility skilled nursing portfolio across Kentucky and Tennessee.??
Hear from Joseph Borenstein , head of the MonticelloAM Healthcare Sales Desk, regarding the deal here.?
Seniors Housing News and Insights
Average Senior Housing Occupancy Expected to Reach 88.5% | ULI Senior living communities are projected to average 88.5% occupancy by 2026, according to the Urban Land Institute, exceeding the 15-year average of 87.15%. Read the Report
Average Senior Housing Cap Rates Trending Down | CBRE CBRE's Senior Housing & Care Investor Survey found that the majority of senior housing real estate professionals and investor respondents saw either no change or a decrease in cap rates between April and October. See the Survey Results
Supply Concerns for Seniors Housing | Multi-Housing News 3Q2024 saw the fewest seniors housing units under construction in a decade. With shifting U.S. demographic and economic trends, supply may need to ramp up in order to meet future demand. Multi-Housing News explores what lies ahead for the sector.?? Continue Reading
MonticelloAM Closes $87.15M in Bridge Financing for Fresno Seniors Housing Communities
MonticelloAM closed an $87,150,000 bridge loan for 39 residential assisted living communities in Fresno, California.?
Learn more about the transaction here.
Upcoming Event: ASHA 2025 Annual Meeting
Join us in Phoenix, AZ next month at the ASHA 2025 Annual Meeting. We're looking forward to start the year off connecting with seniors housing peers.
Looking to connect during the event? Reach out to Karina Davydov , Matthew Lark , or Brendan Phalen to schedule a meeting.
The Healthcare Show
The MonticelloAM team had the pleasure of attending The Healthcare Show last month in New Jersey.
Senior Managing Director, Joseph Borenstein, participated in the "Capital Markets Insights: Funding the Next Era of Long-Term Care" session at the conference.
The panel covered the current rate environment and how lenders have had to adjust their various credit boxes to adapt to a shifting landscape. Overall, the panel had a positive sentiment for 2025 as M&A and deal activity is picking up.
Have a Seniors Housing opportunity? Connect with our team:
Senior Managing Director
646.845.4307
?
Managing Director
646.314.4331
Managing Director
310.606.0888
Vice President
646.314.4324
Vice President
646.845.4316
Associate
646.652.7389