News Release: $52M refinancing secured for California seniors housing community
JLL Capital Markets led the refinancing effort with MidCap Financial providing the loan for the 168-unit Atria Newport Beach in Newport Beach, California SAN DIEGO, Aug. 15, 2024 – JLL Capital Markets announced today that it arranged a $52 million refinancing for Atria Newport Beach, a 168-unit senior living community located in the Newport Beach enclave […]
News Release: Webster Bank Healthcare Underwrites $30,600,000; Helps Arrange and Underwrite $58,400,000 in Development Capital for Anchor Health Properties
STAMFORD, CT August 14 2024 – Webster Bank Healthcare has underwritten $30,600,000 and helped arrange and underwrite $58,400,000 in construction and mini-permanent debt financing for Anchor Health Properties in support of the ground-up development of two Inpatient Rehabilitation Facilities (IRF) – a 61,000 square foot, 52- bed IRF in Apex, North Carolina and a 100,000 […]
News Release: Northwest Arkansas hospital trades for $28.25M
JLL Capital Markets led the sales efforts for Mercy Rehabilitation Hospital Fort Smith, a 50-bed rehab hospital in Fort Smith DENVER, Aug. 13, 2024 – JLL Capital Markets announced today that it has completed the $28.25 million sale of Mercy Rehabilitation Hospital Fort Smith, a 50-bed, inpatient rehabilitation hospital (“IRF”) in the northwest Arkansas community of […]
News Release: Oxford Finance Provides $47 Million Credit Facility to Creative Solutions in Healthcare, Inc.
ALEXANDRIA, Va. & FORT WORTH, Texas. – Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences, healthcare services, healthtech, business services and SaaS companies worldwide, today announced the closing of a $47 million senior credit facility to Creative Solutions in Healthcare, Inc. (“Creative Solutions,” or “the Company”). Funds […]
News Release: Berkadia Secures $47.4M in Financing for a 135-Unit Seniors Housing Community in Kensington, Maryland
KENSINGTON, MARYLAND – August 8, 2024 – Berkadia announced today the financing of Modena Reserve at Kensington, a 135-unit, seniors housing community in Kensington, Maryland. Managing Directors Steve Muth and Austin Sacco of Berkadia Seniors Housing & Healthcare secured a $47.4 million loan through a Debt Fund on behalf of the sponsors: A global real […]
News Release: Berkadia Negotiates Class A Active Adult Sale in Greenville, South Carolina
GREENVILLE, SOUTH CAROLINA – August 8, 2024 – Berkadia announced today the sale of The Aspens Verdae, a newly built 159-unit, active adult community in Greenville, South Carolina. Berkadia Seniors Housing & Healthcare, led by Managing Directors Cody Tremper, Mike Garbers, Dave Fasano, and Ross Sanders, negotiated the transaction on behalf of the seller, Texas-based […]
News Release: Brooks Rehabilitation Partners with Mayo Clinic to Expand and Enhance Hospital Rehabilitation Care in Arizona
Brooks Rehabilitation, a leader in treating patients after life-altering brain injuries, spinal cord injuries, strokes and other complex conditions, will open an inpatient rehabilitation hospital on Mayo Clinic’s Phoenix campus. Brooks Rehabilitation has been ranked by U.S. News & World Report as the No. 1 rehabilitation hospital in Florida and top 20 in the nation, […]
News Release: NHC Completes Acquisition of White Oak Senior Living Portfolio
August 06, 2024 08:00 PM Eastern Daylight Time MURFREESBORO, Tenn.–(BUSINESS WIRE)–National Healthcare Corporation (NYSE American: NHC), a national leader in senior care, announced today that it has completed the acquisition of the White Oak Senior Living (“White Oak”) portfolio, operating in North Carolina and South Carolina, including its long-term care pharmacy. White Oak’s portfolio consists […]
News Release: ESI Arranges the Sale of 3-Property Portfolio in Ohio
Ohio – Evans Senior Investments (ESI) has successfully arranged the sale of a three-property portfolio in Ohio. The transaction was executed on behalf of the Mariner Management Group, Inc., an independent owner and operator seeking to exit the industry. The portfolio, which was built in stages between 1990 and 2013, consists of three communities with a […]
News Release: Berkadia Negotiates $42.55M Seniors Housing Portfolio Sale In Florida
TAMPA, FL – July 25, 2024 – Berkadia announced today the sale of a four-property, 334-unit assisted living and memory care portfolio along Florida’s West Coast. Senior Director Brooks Minford of Berkadia Seniors Housing & Healthcare closed the transaction on behalf of two separate sellers. The buyer of all four properties, a Central Florida-based family […]
News Release: The St. Joe Company Reports Second Quarter and First Half 2024 Results and Increases Quarterly Dividend by 17%
Hospitality revenue increased substantially above the prior Company quarterly record achieved in the third quarter of 2023. Hospitality gross margin increased to 39.2% in the second quarter of 2024 as compared to 26.2% in the second quarter of 2023. Hospitality revenue increased by 38%, leasing revenue increased by 19%, while real estate revenue decreased by […]
News Release: JLL arranges $28M sale and financing of Pacific Northwest seniors housing community
News release Van Mall Retirement is a 191-unit Independent / Assisted Living Community in Vancouver, Washington BOSTON, July 16, 2024 – JLL Capital Markets announced today that it has arranged the $28 million sale of Van Mall Retirement, a 191-unit senior living community located in the Portland, Oregon, suburb of Vancouver, Washington. JLL represented the […]
News Release: Senior housing occupancy continues to increase in the second quarter of 2024
Independent living gains lead as senior housing occupancy continues to approach prior peak ANNAPOLIS, Md. (July 11, 2024) – The senior housing occupancy rate for the 31 NIC MAP Primary Markets reached 85.9% in the second quarter of 2024, an increase of 0.5 percentage points from the first quarter of 2024, according to data released […]
News Release: JLL’s Value and Risk Advisory platform expands alternatives group
Will Childs and Brian Spillers join the team focused on seniors housing and healthcare sectors CHICAGO, July 10, 2024 – JLL’s Value and Risk Advisory platform announced today that it has hired Senior Director Will Childs and Director Brian Spillers to focus on seniors housing and healthcare properties within its alternatives group, led by Executive […]
News Release: Detroit senior living portfolio acquired by MedCore and American House partnership
JLL Capital Markets led the sales efforts for the two assisted living/memory care facilities in Troy and Rochester Hills, Michigan BOSTON, July 10, 2024 – JLL Capital Markets announced today that it has arranged the sale of Anthology of Troy and Anthology of Rochester Hills, two seniors housing communities totalling 184 units in the Detroit metropolitan […]