New Senior Closes $720 Million Refinancing New Senior Investment Group completed the refinancing of a $720 million secured loan from with Freddie Mac arranged through KeyBank Real Estate Capital. The loan has a seven-year term and bears interest at LIBOR plus 232 basis points, an improvement Read More »
Category: Acquisitions
Presbyterian Homes, Nonprofit Health System to Co-Own Geriatric Medical Practice
A non-profit senior housing provider has, in collaboration with a not-for-profit health system, acquired a co-ownership stake in a health care organization that serves older adults in Minnesota. The move exemplifies a growing trend of integration between senior housing and health care organizations. Presbyterian Homes & Read More »
With New Acquisition, Immanuel Moves to Become Regional Senior Housing Player
Immanuel has provided senior housing and services to the greater Omaha, Nebraska, area since 1887. But its most recent acquisition sets the firm’s sights beyond the Cornhusker state. Immanuel completed the acquisition of The Shores at Pleasant Hill, an assisted and independent living and memory Read More »
Transactions & Financings: Ziegler Arranges Bond Financing, Arcapita Grows U.S. Portfolio
Ziegler Arranges $200.6 Million Bond Financing Ziegler announced the closing of the Trousdale Foundation Properties $200,570,000 Series 2018 bonds. Ziegler served as the underwriter and placement agent for the bonds which were issued in various series including tax-exempt senior, taxable senior and tax-exempt subordinate bonds. Proceeds Read More »
Why Senior Housing Assets Are Taking Longer To Sell
Investor interest in senior housing remains strong and will continue for the foreseeable future, but the marketing period for assets has grown longer. This may signal a growing disconnect between buyers and sellers, but also reflects the expanding investor pool and current headwinds hitting the Read More »
Northwind Pursues $1 Billion Senior Living, Skilled Nursing Pipeline Over 5 Years
Northwind Group, a real estate owner-operator based in Manhattan, has big plans to expand in the senior and health care space — particularly in core urban markets. The company recently acquired a portfolio of seven skilled nursing facilities and one 110-unit assisted living community in Read More »
Transactions & Financings: Ziegler Takes Lead on Locust Point Fund, NHI’s $300M Loan
Ziegler Is Anchor Investor In Locust Point Private Credit Fund Ziegler announced it was an anchor investor in Locust Point Capital’s debut private fund, which closed earlier this month oversubscribed at $312 million. Ziegler and Locust Point have a relationship dating back to the mid-1990s, Read More »
Transactions & Financings: HFF, BMO Harris, Marcus & Millichap
HFF Announces Construction Financing for Denver Community Holliday Fenoglio Fowler, L.P. (HFF) has announced new construction financing for Solera at Cherry Creek, a planned senior housing project in Denver, Colorado. HFF’s team members worked to arrange the construction loan through a national bank on behalf Read More »
Transactions & Financings: ORIX USA, Midcap Financial
Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated Read More »
Asian Conglomerate Keppel Acquires 50% Stake in Watermark for $77 Million
Watermark Retirement Communities, one of the largest senior housing operators in the United States, has a new equity partner to help drive growth in both U.S. and international markets. Keppel Corporation—a Singapore-based company known for building offshore oil rigs—is acquiring a 50% stake in Watermark Read More »
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