Transactions and Financings: CIP Capital Invests in GlynnDevins

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 enhance GlynnDevins’ ability to collect, synthesize, and utilize data across […]

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 & Smith Incorporated, KeyBank Capital Markets and Citizens Bank, National Association […]

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: GOOG, GOOGL), according to Silicon Valley Business Journal. The Shoreline disposition […]

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+” with a stable outlook from Fitch. Broadmead is situated on 94 […]

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 and 24 independent living units located in Ottawa, Kansas. The acquisition is […]

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 volume. However, deal value for long-term care transactions was down […]