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 […]

Senior Housing Investments & Transactions: Capital Senior Living, IPA, Cushman & Wakefield

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 […]

Senior Housing Investments & Transactions: Transforming Age’s $138 Million Portfolio Buy

Transforming Age Acquires $138 Million Portfolio  Transforming Age, formerly known as Presbyterian Retirement Communities Northwest, acquired an eight-property portfolio totaling more than 1,000 units for $138 million.  The portfolio, located across the Twin Cities, was acquired from a joint venture between Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate.  “Transforming Age saw the […]

Senior Housing Investments & Transactions: A Place for Mom Adds OurParents to Network

A Place for Mom Expands Network with OurParents Brand The nation’s largest senior living referral service A Place for Mom has added the OurParents brand to its portfolio of services. The partnership will extend the reach of A Place for Mom’s services, which traditionally have focused on major metropolitan markets. OurParents specializes in helping families […]

Senior Housing Investments & Transactions: NHI Acquires $74 Million CCRC

NHI Acquires $74 Million CCRC in Connecticut Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) acquired an entrance-fee continuing care returned community (CCRC) in North Branford, Connecticut, for $74 million. The CCRC will be leased to NHI’s current tenant, Senior Living Communities, based in Charlotte, North Carolina. The lease term is 13 […]