News Release: Verandah, The Midwest’s First Multicultural Retirement Community, Opens Oct. 28 in Schaumburg Township, Ill.
Townhome model tour, food and live music scheduled for grand opening event Aman Living, a Frankfort, Ill.-based developer that combines real estate and medical expertise to create unique active adult communities, invites prospective homebuyers to the Oct. 28 grand opening of its newest Chicago-area development, Verandah Retirement Community in Schaumburg Township’s Village of Hanover Park, […]
News Release: Assisted Living Deal – Hunt Real Estate Capital
Hunt Real Estate Capital Finances the Acquisition of an Assisted Living Facility Located in Dawsonville, Georgia Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided a bridge loan in the amount of $6.2 million to finance the acquisition and expansion of an assisted living community located […]
News Release: CHS x 3 = closing, Closing, CLOSING!!!
Cambridge closes 3 HUD loans totaling $28,400,000 in unique collaboration with both lessee and lessor to help facilitate mutual goals Cambridge Realty Capital Companies reports arranging three loans to fund three Ohio properties owned by Continuing Healthcare. The deals included a $6,080,000 HUD Lean loan to refinance The Suites at Continuing Healthcare in Niles, OH; […]
News Release: Ryan Companies Releases Former Ford Site Development Concepts in Neighborhood Meeting
Ryan presents vision for development of Ford site City’s Master Plan Takes Shape in Milestone Shared with Highland Park Neighbors Saint Paul, MN. (October 10, 2018) Ryan Companies unveiled their concept for the City of Saint Paul’s Ford Site Master Plan in a neighborhood presentation at Highland Park Middle School tonight. The concept is the […]
News Release: It’s a Done Deal: Legacy at Midtown Park
Raymond James serves as Financial Advisor to Legacy at Midtown Park, Inc. on an intricate, $186 million construction financing that included five different layers of capital Proceeds from the Series 2018 Financing will be used to construct a new, rental CCRC in Dallas. Raymond James was involved in all aspects of the plan of finance, […]
News Release: Griffin-American Healthcare REIT IV Acquires Portfolio of Skilled Nursing Facilities in Missouri for $88.2 Million
Louis, Oct. 4, 2018/PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired a portfolio of skilled nursing facilities located throughout the state of Missouri for $88.2 million. Missouri Skilled Nursing Facility Portfolio is comprised of eight facilities totaling 1,112 licensed beds and approximately 385,000 square […]
News Release: Seniors Housing Occupancy Rate Steady at 87.9%
Seniors Housing Occupancy Rate Remains Steady Just Below 88% During Third Quarter Eighth consecutive quarter of inventory growth above 3% annual pace ANNAPOLIS, Md. – The occupancy rate for seniors housing across the United States was steady in the third quarter of 2018, according to new data from the National Investment Center for Seniors Housing […]
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.