Transactions Senior Living Residences expands to Connecticut Massachusetts-based Senior Living Residences has taken over management of Ridgefield Station Senior Living, an assisted living and memory care community in Ridgefield, Connecticut. Ridgefield Station, formerly Atria Ridgefield managed by Atria Senior Living, represents SLR’s second community in Connecticut. Sales Grandbridge Real Estate Capital closes dual sales to […]
Capital Funding
PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]
Cushman & Wakefield Arranges $23.3 Million in Financing for LCB Senior Living Cushman & Wakefield Senior Housing Capital Markets, in its exclusive representation of Norwood, Massachusetts-based senior housing owner/operator LCB Senior Living, LLC, recently arranged $23.27 million in construction financing for LCB’s 13th senior housing development, The Residence at Stony Ford in Stamford, Connecticut. Currently under […]
CBRE Secures Millions in Loans for The Waters Senior Living CBRE National Senior Housing Vice Chairman Aron Will recently arranged acquisition financing on behalf of a joint venture between Minnetonka, Minnesota-based senior living developer/owner/operator The Waters Senior Living and an institutional client for The Waters of Edina, a 139-unit, Class A assisted living and memory care […]
HFF secures $41.5 Million Financing for Seniors Housing Portfolio in Sacramento, CaliforniaHolliday Fenoglio Fowler, L.P. (HFF) recently announced that it has secured financing worth $41.547 million for a three-property seniors housing portfolio in Sacramento, California. HFF worked on behalf of an affiliate of Harbert Management Corporation (HMC)—Harbert Seniors Housing Fund I, LP—to secure the seven-year, floating-rate […]
Love Funding Secures $26.3 Million Loan Senior Apartment Community in Texas Washington, D.C.-based Love Funding, a provider of FHA multifamily, health care and affordable financing, recently closed a $26.3 million loan for the construction and permanent financing of Overlook at Prestonwood, a senior apartment community with 183 age-restricted apartments currently being developed in Carrollton, Texas. Overlook […]
Mainstreet Health Investments Inc. Completes Canadian Public Offering Carmel, Indiana-based Mainstreet, the largest developer of transitional care properties in the United States, announced that its affiliated publicly traded Canadian real estate company, Mainstreet Health Investments Inc. (TSXV: HLP.U), completed its offer and sale of 9.5 million common shares for $95 million in gross proceeds. “We are energized about […]
Financing for senior housing from the U.S Department of Housing and Urban Development (HUD) continues to dip dramatically, according to recently released numbers. HUD’s Lean mortgage insurance program, which finances seniors housing properties, closed $2.7 billion of loan volume during the fiscal year ending Sept. 30, 2015. This is down 35.7% from the previous year’s total of $4.2 […]