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+” with a stable outlook from Fitch. Broadmead is situated on 94 […]
Category: Acquisitions
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 and 24 independent living units located in Ottawa, Kansas. The acquisition is […]
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 volume. However, deal value for long-term care transactions was down […]
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 includes a $69.9 million bond underwriting, $70.5 million financing, and […]
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 includes a $69.9 million bond underwriting, $70.5 million financing, and […]
Many senior housing executives believe there will be a healthy amount of mergers and acquisitions in the year ahead. That’s according to a new survey from Capital One, a financial holding company headquartered in McLean, Virginia. This year’s take on the annual survey included responses from 147 senior housing and long-term care executives. Nearly all — 92% […]
Many senior housing executives believe there will be a healthy amount of mergers and acquisitions in the year ahead. That’s according to a new survey from Capital One, a financial holding company headquartered in McLean, Virginia. This year’s take on the annual survey included responses from 147 senior housing and long-term care executives. Nearly all — 92% […]
The age of the single senior housing community operator is going the way of the dodo and the dinosaur. Operators handling 10 or more properties account for 43% of all units in operation, according to data from the National Investment Center for Seniors Housing & Care (NIC), which revealed the data on the final day […]
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 of approximately 170 basis points, or $12 million annually, versus […]
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 of approximately 170 basis points, or $12 million annually, versus […]
