News Release: Capital One Closes $28.4M HUD Loan for IL Supportive Living Facility
Capital One Closes $28.4 Million HUD Loan to Refinance Illinois Supportive Living Facility Bethesda, MD (October 3, 2018) – Capital One announced today that it has provided a 35-year, fixed-rate $28.4 million HUD 232/223(f) loan to refinance a supportive living facility in Des Plaines, Illinois, a suburb of Chicago. The property includes 162 assisted living units, […]
News Release: Adolfson & Peterson Construction Completes New Senior Living Facility in Dallas
Dallas, Tex. – Adolfson & Peterson Construction (AP) recently completed a new senior living facility in Dallas, located at 8130 Meadow Rd., near the intersection of Meadow Road and US 75 North Central Expressway, immediately north of Texas Health Presbyterian Hospital Dallas. Designed by Page, developed by Corsair Ventures and financed by US Freedom Capital, […]
News Release: CIT Serves as Administrative Agent and Lead Arranger on $144 Million Senior Secured Credit Facilities for Bristol Hospice LLC
NEW YORK — Sept. 13, 2018 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as administrative agent and lead arranger for a $115 million first lien credit facility and sole lead arranger for a $29 million second lien credit facility on behalf of Bristol Hospice LLC to finance the acquisition […]
News Release: Skilled Nursing Occupancy Hits Record Low
Skilled Nursing Occupancy Dips to 81.7 Percent, a new Record Low Occupancy decline attributed to major policy and business trends including competition and pressure from Medicare Advantage Annapolis, Md. (September 12, 2018)—Occupancy rates at skilled nursing facilities across the United States continue to fall in urban and rural areas, hitting a new record low of […]
News Release: Strawberry Fields REIT Acquires a Nine-Property Skilled Nursing Facility Portfolio Located in Arkansas, and one in Kentucky, for a total of $42.4 Million
South Bend, Ind.— September 5, 2018—Strawberry Fields REIT LLC (Strawberry Fields), an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., announced it has acquired nine skilled nursing facilities located in Arkansas, and one facility located in Kentucky in two separate deals. The […]
News Release: Catalyst Healthcare Real Estate opens Midwest office in Milwaukee & hires Anthony Lampasona as President of Off-Campus Development
Pensacola based Catalyst Healthcare Real Estate (Catalyst HRE) is excited to announce the opening of its new office in Milwaukee, Wisconsin. This expansion is Catalyst HRE’s second in two years with its other expansion office located in Ocala, Florida. “The decision to expand our presence into the Midwest was a logical step in our business […]
News Release: Strategic Student & Senior Housing Trust Acquires 286-Unit Senior Housing Community in Portland, Ore. for $92 Million
Existing facility offers independent living, assisted living and memory care and is scheduled to break ground on an expansion for 23 additional units of memory care in the fall of 2018 Strategic Student & Senior Housing Trust, Inc. (SSSHT), a public, non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today […]
Post-Acute & Senior Living: G-A REIT IV buys a 79-unit assisted living and memory care facility in Texas for $19.5 million
BEAUMONT, Texas – In more news from Griffin-American Healthcare REIT IV, the non-traded REIT in early July acquired a 79-unit assisted living and memory care facility in Beaumont, about 90 miles east of Houston, for $19.5 million.
Post-Acute & Senior Living: MedEquities Realty Trust acquires IRF in Indiana for $23.4 million; signs Vibra to 15-year lease
NEW ALBANY, Ind. – MedEquities Realty Trust Inc. (NYSE: MRT), a real estate investment trust (REIT), recently acquired the Southern Indiana Rehabilitation Hospital.
Post-Acute & Senior Living: Senior housing occupancy falls
Q2 rate across all senior product types was 87.9 percent – an eight-year low By John B. Mugford Senior housing occupancy rates across all product types have dipped to their lowest point in more than eight years, evidently because new construction has outpaced new demand. Last month, we took a look at the falling occupancy […]
Post-Acute & Senior Living: Welltower transaction to further reduce concentration with Brookdale Senior Living
TOLEDO, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) is entering a new restructuring transaction with Brookdale Senior Living Inc. (NYSE: BKD) designed to reduce its concentration with the senior housing operating firm even further.
Post-Acute & Senior Living: The Sanders Trust, as developer/owner, opens $21 million rehab hospital in Des Moines, Iowa
DES MOINES, Iowa – Birmingham, Ala.-based The Sanders Trust (TST) recently opened Mercy Rehabilitation Hospital, Iowa’s first freestanding rehabilitation hospital.
Post-Acute & Senior Living: Prevarian Senior Living refinances one of its Texas communities; Capital One provided the loan
NACOGDOCHES, Texas – In more news from Capital One Healthcare, the company recently provided a $9.3 million Fannie Mae fixed-rate loan to refinance a 59-unit seniors housing facility in Nacogdoches, about 180 miles southeast of Dallas.
Post-Acute & Senior Living: Confluent Senior Living, Harbor Retirement start senior community in Oklahoma City
OKLAHOMA CITY – Construction has started on a future 102,000 square foot assisted living and memory care community about 7.5 miles south of downtown Oklahoma City.
Post-Acute & Senior Living: Griffin-American Healthcare REIT IV to acquire nursing facilities in Missouri for $88.2 million
MISSOURI – Irvine, Calif.-based Griffin-American Healthcare REIT IV (G-A REIT IV), a non-traded real estate investment trust (REIT), has agreed to acquire eight skilled nursing facilities (SNFs) in Missouri for $88.2 million.