Mobile home parks have long been a part of the senior living landscape, and they have emerged as one of the most in-demand product types in recent years. They offer investors stability and steady returns, and they provide older adults amenities found at other senior housing communities at more reasonable price points. In fact, senior […]
Cambridge Closes $42.8 Million of Senior Housing & Care Loans Cambridge Closes $14.9 Million Nursing Home Loan Cambridge Realty Capital Companies recently announced the closing on a $14.9 million loan to refinance Green Park, a 188-bed skilled nursing home in St. Louis, Mo., announced chairman Jeffrey Davis. The fully-amortized, 36-year term loan was arranged for […]
Real estate investment trust Equity LifeStyle Properties’ founder and chairman, Sam Zell, can add a new epithet to his list, which includes ‘failed newspaperman’ and, perhaps most famously, ‘Grave Dancer’—he’s now being called a grandma gouger, reports Crain’s. Zell’s company, ELS, owns or has ownership interest in nearly 400 resort communities across the United States, […]
Equity LifeStyle Properties, Inc. (NYSE:ELS) reported a net income available for common shares of $12.4 million, or $0.30 per fully diluted share, for the quarter ended March 31, 2012. The overall net income represents a 34% decrease from the previous year’s nearly $19 million, and a more than 50% decrease from previous net income per […]
After closing on seven more properties on Dec. 8, Equity LifeStyle Properties (NYSE:ELS) has just one property left from the 75-property manufactured home communities and one RV resort portfolio it acquired in May 2011. The stated purchase price for the most recent seven acquisitions was approximately $99 million, funded with the assumption of approximately $55 […]
