News Release: Berkadia Negotiates Sale of Two Seniors Housing Properties in South Carolina
COLUMBIA, SC – June 20, 2024 – Berkadia announced today the sale of two assisted living and memory care communities in South Carolina. Berkadia Seniors Housing & Healthcare, led by Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders, closed the 156-unit transaction on behalf of a publicly traded REIT. The properties, located […]
News Release: ESI Arranges the Sale of Henry County Healthcare Center in Tennessee
Paris, TN – Evans Senior Investments (ESI) has successfully arranged the sale of Henry County Healthcare Center in Paris, Tennessee. The transaction was executed on behalf of Henry County. Built in 2001, Henry County Healthcare Center offers 136 skilled nursing beds across 5 acres of land. At the time of marketing, the facility was only […]
News Release: First Citizens Bank Provides Loan to Refinance Tacoma Senior Living Facility
NEW YORK, June 13, 2024 — First Citizens Bank today announced that its Healthcare Finance business provided a term loan to refinance GenCare Lifestyle Tacoma at Point Ruston, a 159-unit senior living facility in Tacoma, Washington. The borrower is a joint venture led by Harrison Street, one of the leading investment management firms exclusively focused […]
News Release: IRA Capital Acquires a 253-Unit Class-A Senior Living Community in the Seattle MSA
IRA Capital Continues its Senior Housing Portfolio Expansion with the Acquisition of Quail Park of Lynnwood Irvine, CA – June 12th, 2024 – IRA Capital (“IRA”), a leading private equity firm based in Irvine, California, is pleased to announce its recent acquisition of Quail Park of Lynnwood (“Quail Park”), a 253-unit, Class-A, senior housing property […]
News Release: ESI Linked Buyer and Tenant in Denver Skilled Nursing Transaction
Aurora, Colorado – Evans Senior Investments (ESI) has successfully arranged the sale of Summit Rehabilitation & Care Community, a 110-bed skilled nursing community in Aurora, Colorado. The transaction was completed on behalf of an independent owner-operator. Built in 1972 with a 2018 renovation, Summit Rehabilitation & Care Community offers a modernized approach to long-term care. […]
News Release: Refinancing secured for New Mexico senior living facility
JLL Capital Markets led the financing efforts for Fairwinds Rio Rancho SEATTLE, June 6, 2024 – JLL Capital Markets announced today that it arranged refinancing for Fairwinds Rio Rancho, a three-story, 220-unit independent living and assisted living community located in Rio Rancho, New Mexico. JLL represented the borrower, Lytle Enterprises, and secured the five-year, fixed-rate […]
News Release: ESI Arranges the Sale of Post-Acute Rehab Community in Las Vegas
Las Vegas, Nevada – Evans Senior Investments (ESI) has successfully arranged the sale of a 45-bed post-acute rehab community in Las Vegas, Nevada. The transaction was executed on behalf of a regional owner-operator for a purchase price of $8,500,000, or $188,888 per bed. The community, exclusively licensed to accept Medicare only, has provided high-quality skilled […]
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 […]