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 […]
Cushman & Wakefield
Cushman & Wakefield, KeyBank Assist In HCP, Apollo Global On $264 Million Portfolio Trade HCP (NYSE: HCP) announced during its Q3 earnings call last month it completed the $264 million sale of 17 senior housing communities to an investment fund managed by affiliates of Apollo Global Management. Last week, more details emerged of the other firms involved […]
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 […]
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 […]
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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 […]
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 […]
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 […]
Living Care Senior Housing Development Sells Texas Assisted Living Community for $7.86 Million Evans Senior Investments (ESI) announced it arranged Living Care Senior Housing Development’s sale of The Lodge at Quail Park, an assisted living community in Frisco, Texas, for $7.86 million. The 64-unit community was built in 2001 and is located about 27 miles outside […]
Capital Senior Living Acquires Two Facilities for $56 Million Capital Senior Living Corp. (NYSE: CSU) has acquired two assisted living communities for $56 million. The communities were previously owned by Keystone Senior. The sale of the properties was facilitated by Stephen Snider, an independent senior housing broker. Snider represented Keystone Senior LLC. Joint Venture Acquires […]