News Release: The Sanders Trust Completes Development of 66,000-sq. ft. Rehabilitation Hospital
Grand Opening for Mercy Health Rehabilitation Hospital in Youngstown, Ohio Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent completion of the Mercy Health Rehabilitation Hospital located in Youngstown, Ohio, which officially opened its doors to care for its first […]
News Release: CareTrust REIT Acquires Midwest Skilled Nursing Portfolio for Approximately $97 Million; Announces Phase 1 Closing of Tennessee Acquisition
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 46-facility, 3,820-bed/unit skilled nursing and seniors housing portfolio located in the Midwest for a total investment amount of approximately $97 million (inclusive of transaction costs). Seven of the 46 facilities acquired are skilled nursing and assisted living campuses and an additional […]
News Release: ESI Arranges the Sale of a County-Owned Skilled Nursing Facility in Rural Tennessee
Dresden, Tennessee – Evans Senior Investments (ESI) has successfully arranged the sale of Weakley County Rehabilitation and Nursing Center, a 136-bed skilled nursing facility in Dresden, Tennessee. Acting as the exclusive advisor to the Weakley County Commission, ESI managed the transaction from start to finish. Originally built in 1958, with expansions over the years, the […]
News Release: ESI Facilitates a $500.9 Million Sale of 31-Facility Skilled Nursing Portfolio Across the Southeast
Southeast, United States– Evans Senior Investments (ESI) has successfully brokered one of the most significant skilled nursing transactions in recent years, a $500,879,000 sale of a 31-facility skilled nursing portfolio in T ennessee and Alabama, totaling 3,290 licensed beds at an average price of $152,242 per bed. About Evans Senior Investments Evans Senior Investments (ESI) […]
News Release: Ventas Comments on Master Lease with Brookdale Senior Living
CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that Brookdale Senior Living (“Brookdale”) did not exercise its right to extend the term of the Master Lease between the companies (the “Master Lease”) for a renewal term commencing January 1, 2026. Thus, Brookdale no longer has a right to extend the lease term […]
News Release: Anchor Health Properties Marks Construction Commencement of a New 120-Bed, 127,942 Square Foot Nursing Facility in Shoreline, Washington through a Public-Private Partnership
FOR IMMEDIATE RELEASE December 2, 2024 (Shoreline, Washington) In support of the company’s mission to pursue better healthcare through real estate solutions, Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical outpatient buildings and specialty healthcare facilities, recently commenced construction on a new 3-story, 120-bed, […]
News Release: JLL and HJ Sims secure $473M tax-exempt and taxable bond financing to facilitate California seniors housing rental development
The James is a luxury rental, 350-bed Independent Living, Assisted Living and Memory Care community to be built in Irvine, California NEWPORT BEACH, Calif., Dec. 2, 2024 – JLL’s Capital Markets group and HJ Sims announced today that they have arranged $473 million in tax exempt and taxable bond financing for the ground-up development of The […]
News Release: Berkadia Secures $71.26M to refinance a senior living community in Greensboro, North Carolina
FOR IMMEDIATE RELEASE Greensboro, North Carolina – November 25, 2024 – Berkadia announced today the refinancing of Abbotswood at Irving Park, a senior living community in Greensboro, North Carolina. Managing Directors Austin Sacco and Steve Muth, along with Senior Director Garrett Sacco and Assistant Vice President Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, secured […]
News Release: PMB & The Springs Living Announce Grand Opening for a 360,000 SF | 12-Story Senior Living Community on the Vancouver Waterfront
The Springs at The Waterfront in in Vancouver, Wash. is part of a 32-acre Master Plan that is bringing a much-needed community for older adults alongside parks, restaurants, retail, apartments and hotels. VANCOUVER, Wash., Nov. 20, 2024 /PRNewswire/ –– A celebratory grand opening ceremony took place on Tuesday, November 19, 2024, to mark the completion […]
News Release: First Citizens Bank Leads $125 Million Financing for New Day Healthcare
NEW YORK, Nov. 20, 2024 — First Citizens Bank has announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services. The funding will refinance New Day’s existing debt, facilitate four acquisitions under letters of intent, and support future acquisition pipelines. First Citizens […]
News Release: ESI Arranges the Sale of Advocate of East Boston
Boston, Massachusetts – Evans Senior Investments (ESI) has successfully brokered the sale of Advocate Healthcare of East Boston, a 165-bed skilled nursing community in the heart of Boston, Massachusetts. The sale was executed on behalf of an institutional owner looking to recycle capital and shift its investment focus. At the time of ESI’s engagement, the […]
News Release: Marcus & Millichap Capital Corporation Arranges $20.8 Million Construction Loan and PACE Financing for a Hospital in Venice, Florida
VENICE, FLORIDA – November 5, 2024 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged $20.8 million in financing for the construction of a 40-private room, inpatient rehabilitation hospital in Venice, Florida (Sarasota MSA). The MMCC Capital markets team was led by Dallas-based senior […]
News Release: JLL completes recapitalization of $725M seniors housing portfolio
News release The 20-asset portfolio is in high-growth markets across the Sunbelt, Northeast and Midwest markets BOSTON, Nov. 4, 2024 – JLL’s Seniors Housing Capital Markets and M&A teams announced today that they have arranged the recapitalization of a $725 million, 20-asset seniors housing portfolio spanning the Sunbelt, Northeast and Midwest markets. Working on behalf […]
News Release: Colorado seniors housing portfolio trades for $30M
JLL’s Seniors Housing Capital Markets team led the sales efforts for The Lodge at Greeley and The Lodge at Grand Junction DENVER, Oct. 30, 2024 – JLL Capital Markets announced today that it has closed the $30 million sale of The Lodge at Greeley and The Lodge at Grand Junction, 100%-private pay, seniors housing communities totaling […]
News Release: Berkadia Completes Seniors Housing Property Sale in Waco, Texas
Waco, Texas – October 28, 2024 – Berkadia announced today the sale of The Blake at Waco, a resort-style, 112-unit assisted living and memory care community in Waco, Texas. Berkadia Seniors Housing & Healthcare, led by Managing Directors Cody Tremper, Mike Garbers, Dave Fasano, and Ross Sanders, closed the transaction on behalf of Biloxi, Mississippi-based […]