MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
Cushman & Wakefield Senior Housing Capital Markets
Welltower Acquires CCRC in Florida for $130 Million Toledo, Ohio-based health care real estate investment trust (REIT) Welltower, Inc. (NYSE: WELL) has officially acquired Stratford Court of Boca Pointe, a 527-bed continuing care retirement community (CCRC) in Boca Raton, Florida, for $130 million, according to the South Florida Business Journal. The seller was Newton, Massachusetts-based REIT Senior Housing Properties […]
Cushman & Wakefield Arranges $11.6 Million Senior Housing Financing Cushman & Wakefield Senior Housing Capital Markets has arranged an $11.55 million construction loan for the development The Palms at San Lauren, a 68-unit assisted living and memory care community in Bakersfield, California. The community will be operated by California-focused regional operator Pragma Management with financing provided by […]
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, […]
Ziegler Closes $54.05 Million Financing for CCRC Operator in California Chicago-based speciality investment bank Ziegler recently announced the closing of the $54,045,000 tax-exempt, fixed-rate Series 2017 financing for Channing House, a California not-for-profit 501(c)(3) company that operates a continuing care retirement community (CCRC) in Palo Alto, California. The CCRC has 191 residential living units, 26 […]
Lancaster Pollard Arranges $5.3 Million Financing for BPM Senior Living Lancaster Pollard recently arranged a $5.3 million Fannie Mae loan for Portland, Oregon-based senior living owner/operator BPM Senior Living. The loan provides capital for Royalton Place, a 70-unit, 79-bed assisted living and memory care community in Milwaukie, Oregon. The financing is related to BPM’s plan […]
KeyBank Closes Acquisition Loan for Three Senior Housing Communities in Pennsylvania KeyBank Real Estate Capital’s healthcare platform recently closed an acquisition loan for Baltimore-based Capital Health Group to purchase three senior housing communities located in Southeast Pennsylvania. Together, the communities have more than 500 units. Shortly after purchasing the portfolio, Capital Health Group refinanced Key’s acquisition/bridge […]
Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]
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 […]
CNL Healthcare Properties II Breaks Escrow Orlando, Florida-based CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and health care properties, has raised proceeds sufficient to break escrow in all states except Pennsylvania, Ohio, and Washington through its continuous public offering. CNL Healthcare Properties II has accepted subscription […]
