Post-Acute & Senior Living: Emeritus Corp. signs leases with Health Care REIT Inc. and Merrill Gardens
SEATTLE – Emeritus Corp. (NYSE: ESC) announced June 27 that it has agreed to lease a total of 38 senior housing communities in eight states totaling about 4,400 units. The facilities are owned by a joint venture composed of
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Cambridge Realty Capital Cos. says it has arranged $10.2 million in U.S. Department of Housing and Urban Development (HUD) LEAN loans to refinance four skilled nursing home properties owned by North American Health Care Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for
News Release: Fed Economists Say Economy Will Be Improving Next Year, Which Means Interest Rates Will Be Rising As Well
If a projection by staffers at the Federal Reserve Bank of New York is spot-on, the central bank may be rethinking fiscal policy changes sooner than expected. “A prediction that policy changes in an improving economy could come as early as the fourth quarter of 2014 is an important heads-up that senior housing/healthcare borrowers will […]
News Release: Cambridge Arranges $10.2 Million in HUD Lean Loans to Refinance Four North American Healthcare Nursing Homes in California and Utah
Cambridge Realty Capital Companies reports arranging $10.2 million in HUD Lean loans to refinance four skilled nursing home properties owned by North American Health Care, Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for the owner using HUD?s Section 232 pursuant to Section 223(a)(7) funding program, which […]
News Release: Caddis Partners unveils new brand, new project
The Dallas-based real estate firm launches Heartis and announces its first development under the new name: the 96-bed Heartis Cleburne assisted living and memory care community near Fort Worth DALLAS, June 12, 2013 – Caddis Partners LLC, a Dallas-based healthcare real estate development firm, announces the launch of its senior living brand, Heartis, as well […]
News Release: CNL Healthcare Properties Acquires First Skilled Nursing Communities Portfolio for $56.4 Million
Portfolio comprises six facilities in Arkansas (ORLANDO, FL) June 6, 2013 – CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired six skilled nursing properties in Arkansas for $56.4 million. This portfolio marks the company’s first acquisition in the post-acute care space. “We are excited to introduce skilled […]
Companies & People: All systems go for MedProperties
After closing its first fund the investment firm launches $150 million second fund By John B. Mugford When MedProperties Holdings LLC entered the healthcare real estate (HRE) sector in 2007, principals with the private equity firm spent plenty of time spreading the word about what they could offer to developers, buyers and lenders. As the […]
Post-Acute & Senior Living: Rehab hospital is a sign of the times
Duke Realty moves into post-acute space as providers try to trim readmissions By Murray W. Wolf One of the most talked-about aspects of the Patient Protection and Affordable Care Act (PPACA), or healthcare reform, is that hospitals and health systems now face financial penalties for above-average rates of readmissions for certain “preventable” conditions covered by […]
Post-Acute & Senior Living: More Post-Acute and Senior Living Real Estate News
• Grandbridge Real Estate Capital’s Seniors Housing Team recently closed three seniors housing transactions totaling more than $23.4 million.
News Release: Cambridge Arranges $3.7 Million HUD Lean Loan to Refinance Metropolis Nursing and Rehab Center in Metropolis, Illinois
Cambridge Realty Capital Companies reports closing a $3.7 million HUD Lean first mortgage loan for Metropolis Nursing and Rehabilitation Center, a 103-bed skilled-care nursing home in Metropolis, Ill. Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 30-year term mortgage was arranged for the owner, a Missouri limited liability company, using the HUD Section 232 pursuant […]
News Release: $16 Million Acquisition Loan and Bridge Loan to FHA 232/223(f)
About the Transaction KeyBank Real Estate Capital® provided a $16.3 million term loan to refinance existing debt and to acquire an additional skilled nursing facility for RollinsNelson LTC Corp. The term loan will serve as a bridge to long term HUD financing. The KeyBank Real Estate Capital Relationship Key’s relationship with RollinsNelson supports the company’s […]
News Release: MedProperties Holdings invests in rehab hospital
MedProperties Holdings invests in rehab hospital Dallas-based real estate private equity investment firm is joint venturing with Avail Healthcare Ventures and Trivant Healthcare to develop 40-bed hospital near Austin, Texas MedProperties Holdings is serving as the primary equity source for a new rehabilitation hospital in Kyle, Texas, which will be 100 percent leased by a […]
News Release: C.C. Hodgson Architectural Group announces opening of Resthaven Care Community in Michigan, emphasizing wellness & spirituality
CLEVELAND, May 10, 2013— Resthaven Care Community (Holland, MI) recently opened a $4.6 million patient-centered expansion that includes a 16-suite rehab cottage, chapel/life center and wellness center. C.C. Hodgson Architectural Group, a Planetree certified architectural firm specializing in senior living, worked closely with the Resthaven team to design a facility that emphasizes wellness and spirituality. […]
Transactions: National Health Investors announces $26.3 million senior living acquisition
MURFREESBORO, Tenn. –National Health Investors Inc. (NYSE: NHI) has announced that it plans to acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, both less than two years old, are in Corinth and Canton, which are about 40 and 60 miles, respectively, from Dallas. Indirect affiliates of […]
Transactions: Canadian senior living company doubles U.S. portfolio with $141.7M buy
TORONTO – A Canadian real estate investment trust (REIT) has more than doubled its portfolio of U.S. senior housing and care properties with a $141.7 million acquisition of 13 assets in three states. Toronto-based HealthLease Properties REIT (Toronto: HLP.UN) has closed on the acquisition of 10 properties in North Carolina, two in Pennsylvania and one […]