GE Capital Provides $48.5M Financing for Acquisition of Four Ariz. Senior Care Facilities GE Capital’s Healthcare Financial Services (HFS) business was the administrative agent and a lender on a $48.5 million financing to a joint venture among LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp. The funds were used for the acquisition […]
Surpassing the Sunshine State, Delaware has grabbed the title of Kiplinger’s No. 1 retiree destination. “Delaware’s population includes a great number of residents who are 65 [plus], and the retired set can enjoy a life unburdened by heavy taxes,” Kiplinger says in a statement. “One of Kiplinger’s 10 most tax-friendly states for retirees, Delaware levies […]
Editor’s Note: A previous version of this headline stated that GE Capital is up for sale. It has been revised to clarify that the healthcare services business is being sold. General Electric Co. is reaching out to potential buyers of GE Capital Healthcare Financial Services, which lends to senior housing among other health care companies. The […]
Capital One Closes $11.5M Line of Credit for Long-Term Care Provider Capital One Commercial Bank announced today that it has provided a $11.5 million revolving line of credit and a standby letter of credit to Carespring Healthcare Management. The company is a repeat customer of the healthcare team at Capital One Bank. The line of […]
Vermont ranks as the healthiest state for seniors in 2015 thanks in part to low intensive care unit (ICU) use and ready availability of home-delivered meals, new research shows. New Hampshire ranks second. Minnesota falls to third after being ranked first for two years in a row, while Hawaii and Utah round out the top […]
As senior living communities increase efforts to promote resident and employee wellness, providers are balancing policies that both ban and permit tobacco and alcohol products. While the majority of providers say their communities are smoke-free, at the same time, many providers say their communities serve alcohol, noting the popularity of happy hour and other social […]
Grandbridge Closes $17M Mortgage Loan for Wash. Senior Housing Community Grandbridge Real Estate Capital’s Atlanta-based Seniors Housing and Healthcare Finance team recently closed a $16,875,000 first mortgage loan secured by Courtyard Village, a 127-unit seniors housing community in Vancouver, Wash. Funding for the acquisition was provided through Grandbridge’s exclusive BB&T Real Estate Funding Structured loan […]
Evaluating challenges facing the assisted living industry as opportunities is key to ushering the sector into a new era. ”Assisted living is experiencing increasing levels of frailty among its residents across providers and states, requiring greater care services and placing new demands on staff, systems, and the environment,” writes The Center for Excellence in Assisted […]
Sabra Health Care REIT, Inc. (Nasdaq: SBRA), an ongoing investor in health care properties, is ramping up its efforts in the senior housing space, buoyed by significant growth of its investment pipeline. That growth is in the order of more than doubling Sabra’s existing pipeline to about $1 billion in value compared to $350 to $400 […]
Walker & Dunlop Arranges $11M Loan for Fla. Independent Living Facility Walker & Dunlop, Inc. (NYSE: WD) provided an $11,000,000 acquisition bridge loan for Campo Felice Riverfront Housing, located in downtown Fort Myers, Fla. The MacFarlane Group, LLC will use the loan for the conversion of the currently vacant Ambassador Hotel to an independent living […]
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