Movers & Shakers: New Ecumen CFO; Welltower Names Global Head of Senior Housing

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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: 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 […]

Transactions & Financings: HFF, BMO Harris, Marcus & Millichap

HFF Announces Construction Financing for Denver Community Holliday Fenoglio Fowler, L.P. (HFF) has announced new construction financing for Solera at Cherry Creek, a planned senior housing project in Denver, Colorado. HFF’s team members worked to arrange the construction loan through a national bank on behalf of the developer, a joint venture between affiliates of Banner […]

Transactions & Financings: Revera Buys UK Operator, Cushman & Wakefield Files for IPO

Revera Buys UK-Based Senior Living and Skilled Nursing Operator United Kingdom-based senior care and nursing home provider and developer Signature Senior Lifestyle has been purchased by Canada-based operator and investor Revera Inc., Care Home Professional reported. The purchase price was undisclosed. Signature develops and operates care homes, and currently manages 10 care homes in the UK, with […]

Transactions & Financings: Brookdale’s $75 Million Purchase, StoneGate Buys Eight Properties

Brookdale Pays $75 Million for California Property Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) paid about $74.5 million to acquire the real estate of Palm Beach Gardens, a 317-unit property in Palm Beach, Florida. That equates to about $235,000 per unit, according to The Real Deal, which reported on details of the transaction, citing property […]

Senior Housing Finance Activity: Harborview Capital Partners, Caddis

Love Funding Secures $6.66 Million Loan to Refinance Detroit Affordable Senior Housing Love Funding, a Chicago-based provider of Federal Housing Authority (FHA) multi-family, affordable and health care financing, has provided a $6.66 million loan for the refinancing and repair of Greenhouse Apartments, an affordable senior living community in Detroit. The financing was facilitated by Love […]

Senior Housing Investments & Transactions: Sunrise Buys St. Louis Community

Cushman & Wakefield Arranges Sale of Senior Community Near St. Louis Cushman & Wakefield announced it advised a joint venture of Provision Living Senior Communities and real estate investment trust Welltower (NYSE: HCN) in the sale of Provision Living at Webster Groves to Sunrise Senior Living, for an undisclosed price. Provision Living is an assisted living and […]