Transactions & Financings: SLIB Arranges 2 Sales; JLL Arranges JV in Virginia

Financings JLL Arranges JV Equity for Virginia Project JLL Capital Markets announced that it arranged a joint venture for a senior living development project in Virginia. JLL worked on behalf of Centric Development LLC which is planning to build a 153,000 square-foot senior living community in Fredericksburg, Virginia that will include 106 assisted living units […]

Transactions & Financings: Ziegler Closes $17M Financing for Goodwin Living Community; CFG Secures $40M for Griffin Living Refinancing

Acquisitions Commonwealth Adds 3, Expands to New State Commonwealth Senior Living announced it added three senior living communities, all located in Michigan, marking Commonwealth’s first footprint in the Great Lakes State. The communities — located in New Baltimore, Grand Rapids and East Paris — are all undergoing renovations totaling more than $22 million. The communities, […]

Transactions & Financings: Florida Nonprofit Buys Community and Land Parcel; Dwight Capital Closes $291 Million in Q4

Transactions Senior Living Residences expands to Connecticut Massachusetts-based Senior Living Residences has taken over management of Ridgefield Station Senior Living, an assisted living and memory care community in Ridgefield, Connecticut. Ridgefield Station, formerly Atria Ridgefield managed by Atria Senior Living, represents SLR’s second community in Connecticut. Sales Grandbridge Real Estate Capital closes dual sales to […]

How Senior Housing Developers Are Reconfiguring the Capital Stack

As national and larger regional banks continue to conservatively underwrite acquisition and construction financing, senior housing developers are turning to a host of other options to put together their capital stacks. Mezzanine lending and preferred equity are popular vehicles for borrowers looking for non-recourse lending. Debt funds are another option for borrowers seeking flexibility capital. […]

Transactions & Financings: Ensign Group’s Campus Acquisition; LTC Transitions Thrive Communities

The Ensign Group acquires Texas post-acute care campus The Ensign Group (Nasdaq: ENSG) completed the acquisition of Golden Palms Rehabilitation and Retirement, a post-acute care campus in Harlingen, Texas. The campus includes 38 assisted living beds, 92 independent living units and a 60-bed skilled nursing facility. Ensign Group acquired the real estate and operations. LTC […]

Senior Housing Finance Activity: Mainstreet Health Investments, SunTrust Banks

SunTrust Banks Closes on Acquisition of Pillar Financial’s Multifamily Business SunTrust Banks Inc. (NYSE: STI) recently closed on its previously announced acquisition of all of the assets of the operating subsidiaries of Pillar Financial LLC, which includes receiving Freddie Mac, Fannie Mae, and Federal Housing Administration Agency license transfer approvals. The acquired assets include Pillar’s multifamily […]

Senior Housing Finance Activity: Dwight Capital, Cushman & Wakefield

Dwight Capital Funds $42 Million of HUD Loans in December Dwight Capital, a national provider of commercial loans, has announced that it has funded $41.5 million in Department of Housing and Urban Development (HUD) loans for three multifamily and senior housing properties.  The properties include: Highland Park Apartments in Denver, Colo., Reserve at Towne Crossing […]