Transactions & Financings: BHI, Covenant Living Acquire Troubled CCRCs

Senior Quality Lifestyles acquires Indiana CCRC for $61M Cushman & Wakefield arranged the $61 million sale of Barrington of Carmel, a 267-unit continuing care retirement community in the Indianapolis suburb of Carmel, Indiana. Cushman & Wakefield Senior Housing team of Allen McMurtry, David Kliewer and Paul Carr represented an affiliate of Addison, Texas-based Senior Quality […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Transactions & Financings: CIT Group’s $64M Refinancing; Focus Healthcare Partners’ $65M Virginia Acquisition

CBRE arranges $65 million acquisition financing for Virginia CCRC CBRE National Senior Housing Vice Chairman Aron Will and First Vice President Austin Sacco arranged a $65.2 million acquisition financing package for The Virginian, a 306-unit rental continuing care retirement community (CCRC) in Fairfax, Virginia. Will and Sacco worked on behalf of Focus Healthcare Partners to […]

Transactions & Financings: Healthcare Transactions Group, Knapp Group, CIT Group

Healthcare Transactions Group Arranges Sale of Maryland Skilled Nursing Facility Healthcare Transactions Group arranged the sale of a 181-bed skilled nursing facility in Sykesville, Maryland. Terms and details of the transaction were not disclosed. The firm represented the seller, a New Jersey-based private investor, in the sale, and conducted an extremely selective offering process. The […]

Health Care Execs See Sales, M&A Rising in 2016

Executives in the health care industry, including the skilled nursing sector, have good feelings about 2016. In fact, 71% of health care executives anticipate that their revenues will increase this year, and 55% are planning to seek financing in the next 12 months, according to the 2016 Middle Market Healthcare Outlook from CIT Group Inc. (NYSE:CIT), […]