CIP Capital Invests In GlynnDevins CIP Capital invested in Kansas City, Missouri-based GlynnDevins, a provider of tech-enabled and data-driven marketing solutions to senior living communities. No financial terms were disclosed. Petsky Prunier advised GlynnDevins on the transaction. GlynnDevins was backed by Falfurrias Capital. CIP Capital plans to significantly Read More »
Category: Acquisitions
Transactions & Financings: Griffin-American’s $400 Million Credit Facility
Bank of America’s $400M Credit Facility for Griffin-American Healthcare REIT Griffin-American Healthcare REIT co-sponsors, Griffin Capital and American Healthcare Investors, announced that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Read More »
HCP Sells Silicon Valley Property to Google for $1 Billion
Last month, HCP (NYSE: HCP) announced during its third quarter 2018 earnings call that the company had a $1 billion deal in place to sell its Brittania Shoreline Technology Park in Mountain View, California. The buyer of the property has been revealed to be Google (NYSE: Read More »
Transactions and Financings: Apollo’s $1 Billion Fund, Spectrum’s $100 Million Fund
Apollo Global Management Targeting $1 Billion Fund Apollo Global Management is reaching out to investors about its third real estate fund, according to Bloomberg. And it is shaping up to be a big one. Apollo, which recently completed a $264 million acquisition of 17 senior Read More »
Exit Strategy Options, Operator Partnerships Drive Senior Housing Investor Confidence
Senior housing is fast becoming an institutional-grade asset class, as an increasing number and variety of investors are seeking opportunities in the sector. As they gain a greater understanding of senior housing fundamentals, including the importance of operations, they also see a variety of exit Read More »
Transactions & Financings: Details Emerge On $264 Million HCP-Apollo Portfolio Sale
Cushman & Wakefield, KeyBank Assist In HCP, Apollo Global On $264 Million Portfolio Trade HCP (NYSE: HCP) announced during its Q3 earnings call last month it completed the $264 million sale of 17 senior housing communities to an investment fund managed by affiliates of Apollo Global Management. Read More »
Transactions & Financings: Ziegler Closes $76M Financing, Cadence Living Acquires 3 Communities
Ziegler Closes $76M Series 2018 Financing Ziegler closed a $75,555,000 Series 2018 financing package on behalf of Broadmead, a nonprofit Maryland corporation. The Series 2018 tax-exempt bonds were issued through the Maryland Health and Higher Educational Facilities Authority. The Series 2018 Bonds are rated “BBB+” Read More »
Ensign Announces Flurry Of New Senior Housing Acquisitions Following Strong Q3
The Ensign Group (NYSE: ENSG) has bulked up its senior housing portfolio in recent weeks. The Mission Viejo, California-based senior care operator on Thursday announced the acquisition of Rock Creek of Ottawa, a post-acute care retirement campus with 93 skilled nursing beds, 71 assisted living units Read More »
Senior Housing And Care Deal Value Drops In Q3
Deals involving health care assets topped 250 transactions for the fifth straight quarter, but deal volume and value both saw double digit year-to-year declines, according to a new report from PricewaterhouseCoopers (NYSE: PWC). Long-term care paced the activity, with 102 deals — 39% of total Read More »
Transactions & Financings: HJ Sims Closes $250M Package; OnShift Lands Equity Investment
HJ Sims Completes Two Financing Packages Totaling $250.4 Million Capital Package For Dallas CCRC Community HJ Sims completed a $154.3 million financing package for Legacy Midtown Park (Legacy), a Jewish-sponsored, not-for-profit, start-up rental CCRC located in Dallas, Texas, and managed by Legacy Senior Communities. The package Read More »
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