Senior Housing Finance Activity: Grandbridge, Cambridge, Cushman & Wakefield

Grandbridge Seniors Housing Group Facilitates Acquisition Financing Grandbridge’s Seniors Housing and Healthcare Finance Team facilitated bridge financing for the joint venture between Focus Healthcare Partners and Artemis Real Estate Partners on the 192-unit Skagit Valley Senior Village in Burlington, Wash.  As the project had been purchased without debt, the loan allowed the joint venture to […]

In the Pipeline: Senior Housing Construction Projects (10/31/13)

Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]

Senior Housing Investments & Acquisitions (10/29/13)

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 […]

Senior Housing Finance Activity: Cushman & Wakefield, Lancaster Pollard, Independa

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 […]

Senior Housing Finance Activity: Grandbridge, Cushman & Wakefield, LTC Properties

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 […]

LCB Senior Living Targets Acquisitions Through $40 Million Private Equity Partnership

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 […]