News Release: CareTrust REIT Celebrates 10-Year Anniversary with Major Transactions and Expanded Pipeline of $460 Million
SAN CLEMENTE, Calif.–(BUSINESS WIRE)— CareTrust REIT, Inc. (NYSE: CTRE), a healthcare real estate investment trust specializing in skilled nursing and assisted living real estate investments, is proud to announce the celebration of its 10-year anniversary. In separate press releases, on this significant milestone, CareTrust REIT has announced two strategic transactions totaling approximately $180 million, further […]
News Release: CareTrust REIT Funds $90 Million Loan and $9 Million Preferred Equity Investment for Acquisition of 8 Skilled Nursing Facilities in Southeast; Reports Expanded Pipeline of $460 Million
SAN CLEMENTE, Calif.–(BUSINESS WIRE)— CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded $90 million of a senior mortgage loan in connection with the borrower’s acquisition of an 8-facility skilled nursing portfolio located in the Southeastern United States. The portfolio, consisting of 1,011 skilled nursing beds and 150 assisted living beds, has been acquired […]
News Release: CareTrust REIT Acquires 5 Skilled Nursing Facilities in Southeast for $81 Million; Reports Expanded Pipeline of $460 Million
SAN CLEMENTE, Calif.–(BUSINESS WIRE)— CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 5-facility, 498 licensed bed, skilled nursing portfolio located in the Southeastern United States for a total investment amount of approximately $80.9 million (inclusive of transaction costs). In connection with the acquisition, the company entered into a new triple-net master lease […]
News Release: Vitalis acquires 36-Bed PAM Health Rehab Hospital in Denver metro.
The transaction closed May 30, 2024. Vitalis has acquired a 37,000 SF inpatient rehabilitation hospital on a long term lease with PAM Health. The facilitiy is strategically located in the affluent submarket of Westminster and accounts for over 50% of the available IRF beds within a 15-mile radius. The asset was developed in 2015 and […]
News Release: JLL arranges sale of stabilized Texas seniors housing community
JLL Capital Markets led sale efforts for Sage Spring Senior Living in San Marcos, Texas BOSTON, May 28, 2024 – JLL Capital Markets announced today that it arranged the successful sale of Sage Spring Senior Living, a senior living community located in San Marcos, Texas. JLL represented the seller, a joint venture between Bow River Capital […]
News Release: The Sanders Trust Completes Development of 60,000-square-foot Rehabilitation Hospital
New 50-bed Facility Located in Jacksonville, Florida Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the grand opening of North Florida Rehabilitation Hospital in Jacksonville, Florida. This is the region’s first free-standing inpatient rehabilitation facility west of the St. Johns River. […]
News Release: On Pointe.
Cambridge Realty Capital Companies reports providing a $15,520,000 HUD Lean loan to refinance The Pointe at Eastgate located in Algonquin, Illinois. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year loan was provided for the owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program, which […]
News Release: First Citizens Bank Arranges $260 Million in Financing for Skilled Nursing Facilities
NEW YORK — May 9, 2024 — First Citizens Bank today announced that its Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities with […]
News Release: ESI Arranges the Sale of an 8-Property Portfolio in Connecticut
Connecticut – Evans Senior Investments (ESI) has successfully arranged the sale of an 8-property skilled nursing portfolio across the Hartford Metropolitan Area of Connecticut. The transaction, executed on behalf of a REIT from the West Coast, amounted to $60,000,000, or $54,249 per bed for the real estate only. Made up of eight communities built between […]
News Release: ESI Arranges the Sale of Novellus Cherry Creek
Denver, Colorado – Evans Senior Investments (ESI) has successfully arranged the sale of the Novellus Cherry Creek, an assisted living community in Denver, Colorado. ESI represented Novellus Living in the transaction. Originally built in 2002, Novellus Cherry Creek comprises 66 assisted living units and operates on a 59% private pay basis. The community faced occupancy […]
News Release: Cushman & Wakefield Arranges $3.45M Sale of 9642 Lake Nona Village Place
ORLANDO, Florida, May 03, 2024 – Cushman & Wakefield announced the commercial real estate services firm has arranged the $3,450,000 sale of 9642 Lake Nona Village Place, a 6,582-square-foot Class A medical office building in Orlando, Florida. Anne Spencer and Angela Flint of Cushman & Wakefield’s Florida Healthcare Advisory Practice represented the seller, a private […]
News Release: ESI Arranges the Sale of an AL/MC Community in Knoxville
Knoxville, TN– Evans Senior Investments (ESI) successfully arranged the sale of Trinity Hills of Knoxville. Acting on behalf of a regional owner-operator, ESI orchestrated the transaction, resulting in a HUD assumption by the buyer. The purchase price was $6,150,000, or $76,875 per bed. Trinity Hills, established in 2006 and situated a few miles outside of […]
News Release: Berkadia Secures Financing for a 283-Unit Trophy Senior Housing Community in Clayton, Missouri
HOUSTON, Texas – May 2, 2023 – Berkadia announced today the refinancing of Clarendale Clayton, a best-in-class seniors housing community that offers the full continuum of care in a high-end resort-style environment. Managing Director Austin Sacco of Berkadia Seniors Housing & Healthcare arranged financing through a national bank on behalf of the borrower, a joint […]
News Release: Financing secured for a 165-unit senior housing asset in Phoenix’s affluent northwest submarket
JLL Capital Markets represented Fortress and COGIR Senior Living in this transaction SEATTLE, May 1, 2024 – JLL Capital Markets announced today that it arranged financing for Inspira Arrowhead, a newly constructed senior housing asset in Glendale, Arizona. JLL worked on behalf of the borrowers, funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), and […]
News Release: MYCON Breaks Ground on 48-Room Inpatient Rehabilitation Hospital in Tucson, Arizona
April 30, 2024 Queen Creek, Ariz., April 30, 2024 – Dallas-based MYCON General Contractors, Inc. (MYCON) broke ground on Tucson Rehabilitation Hospital, a new inpatient rehabilitation hospital located at The Bridges mixed-used development in Central Tucson, Arizona. This marks MYCON’s first ground-up construction project in the Arizona market and the company’s first project with Cross […]