Transactions and Financings: Healthpeak, Physicians Realty Merger Approved; 5-Community Portfolio Changes Hands

Mergers

Healthpeak Properties, Inc., Physicians Realty Trust approved to merge

Healthpeak Properties, Inc. and Physicians Realty Trust announced on Feb. 21 that stockholders and shareholders for the respective companies have voted to approve a merger.

According to a press release, the transaction is expected to close on March 1.

The company will operate under the Healthpeak Properties, Inc. name.

Transactions

Blueprint engages in sale of Kansas community

Blueprint was engaged by the owners to sell a 58-unit assisted living community in central Kansas.

The community was built in the 1990s.

The community was sold to a Kansas-based owner and operator.

Blueprint sells five-community South Carolina portfolio

Blueprint was involved in the selling of the five-community Carolina Gardens portfolio.

The 334-unit portfolio was built in the late 1990s.

The portfolio was purchased by New Jersey-based Spring Oak and closed on Jan. 31.

Financings

JLL Capital Markets arranges acquisition financings for two communities

JLL Capital Markets announced that it arranged the acquisition financing for two communities on behalf of Jaybird Senior Living.

According to a press release, JLL represented the borrower in the transaction and secured $17.9 million for two loans.

The two communities, Vintage Hills of Indianola and Country Meadow Place, total 118 units combined.

Capital Funding Group finances more than $1.7B in 2023

Capital Funding Group announced the company executed or arranged more than $1.7 billion in financing throughout 2023.

The group completed more than 50 deals throughout the year, including healthcare bridge-to-HUD loans, multifamily bridge loans and HUD loans.

The financing went to skilled nursing, senior housing and multifamily communities across the country.

EBSC Lending provides $19.5M refinance loan

EBSC Lending, a private direct lender for commercial real estate, provided a $19.5 million loan for a multifamily co-living community in California.

According to a press release, the borrower will “use the proceeds of the EBSC’s loan to pay off an existing loan and to recapitalize the property.”

Expansions

Lutheran Senior Services expands home, community based services

Lutheran Senior Services is expanding its home and community based services through an acquisition of Christian Horizons’ New Horizons Program for All-Inclusive Care for the Elderly (PACE) program.

The acquisition represents a new service for Lutheran Senior Services, according to Adam Marles, LSS president and CEO in a press release.

“Our strong financial foundation will enable us to grow program enrollment and provide PACE clients access to LSS’ continuum of care, including affordable housing, home-based services, private duty, and other assistance through Aging Answers,” Marles said in the release. “This furthers our mission to create places, services, and opportunities for people to age well with purpose and fulfillment.”