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 […]

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 includes a $69.9 million bond underwriting, $70.5 million financing, and […]

Transactions & Financings: New Senior’s $720M Refinancing, American House Enters Ohio

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 […]

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 sector. Increased marketing time was among the findings of the […]

Transactions & Financings: Lancaster Pollard, Blueprint, CBRE

Lancaster Pollard Helps Secure Financing for Assisted Living Project Lancaster Pollard recently aided Gardant Management Solutions and Horve Builders in securing financing to build Heritage Woods of Noblesville, a planned 124-unit affordable assisted living community in Noblesville, Indiana. Lancaster Pollard obtained a $19.9 million loan insured by the FHA Sec. 232 program to fund the […]

Transactions & Financings: Charter Senior Living, Grandbridge Seniors Housing

KeyBank Originates Financing for Chicago Pacific Founders Acquisition KeyBank Real Estate Capital recently originated the $14.4 million Fannie Mae financing for Chicago Pacific Founders’ purchase of Parkrose Estates Retirement Community, a 100-unit senior housing community in Liverpool, New York. Charlie Shoop of Key’s Commercial Mortgage Group arranged the financing, which provided a low-cost, floating-rate loan with […]

Transactions & Financings: Blueprint, Phoenix Senior Living

Phoenix Senior Living Acquires Three Senior Living Communities Phoenix Senior Living recently assumed management of* three senior living communities in Atlanta, Georgia: Addington Place of Johns Creek, Addington Place of Alpharetta, and Manor on the Square. Phoenix officially began managing these communities on January 1. Consequently, Phoenix Senior Living now operates eight communities in the Southeast, […]

Senior Housing Finance Activity: iBorrow, Greystone

iBorrow Provides $16.5 Million Loan for California Assisted Living Facilities Los Angeles-based iBorrow, a private direct lender for commercial real estate, has provided a $16.5 million loan for two assisted living communities in the Los Angeles suburbs of Tarzana and Orange County. The first property is an 88-unit, 50,054-square-foot facility, and the second is an […]

Senior Housing Finance Activity: CBRE, Lancaster Pollard

CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]