Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units. In September 2012, Rittenhouse Senior Living […]
Cushman & Wakefield
Cushman & Wakefield Arrange $12 Million Acquisition Financing for LCB Cushman and Wakefield’s Senior Housing Capital Markets Group has arranged $12.3 million of capital for LCB Senior Living’s acquisition of a memory care community in Lincoln, Rhode Island. The acquisition financing was provided by Wells Fargo Bank, with joint venture equity provided by Prudential Real […]
LTC Enters $141 Million Mortgage Loan Agreement with Prestige LTC Properties, Inc. (NYSE:LTC) announced recently it has entered a $141 million mortgage loan agreement with affiliates of Prestige Healthcare, secured by 15 properties with a total of 2,092 licensed skilled nursing beds and 24 independent living units in Michigan. The loan has a 30-year term […]
New York-based private equity group Berkshire has formed a $40 million senior housing joint venture with LCB Senior Living, the companies announced this week, with Cushman & Wakefield advising Berkshire on the deal. LCB Senior Living, based in Massachusetts, is a developer, operator and third-party manager of senior housing communities in New England and the […]
A foreclosure auction for a Bethesda, Md. luxury senior housing condominium managed by Sunrise Senior Living (NYSE:SRZ) was cancelled on Friday, June 8. News that The Fox Hill Club & Residences was headed for foreclosure broke in early Spring, but Sunrise’s CEO Mark Ordan emphasized in a statement obtained by the Washington Post that the […]
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