Dominium secures $52M for Arizona community Plymouth, Minnesota-based affordable housing developer Dominium secured a $51.7 million construction and permanent financing package for Solstice of Mesa, a 237-unit 55-and-over affordable senior community in Mesa, Arizona. KeyBank provided the loan using its Private Placement Program. Dominium will manage the property when it is completed in summer 2021. […]
Greystone
Sabra completes $350M debt offering Sabra Health Care REIT (Nasdaq: SBRA) completed an underwritten public offering of $350 million worth of 3.9% senior notes due in 2029. The Irvine, California-based health care real estate investment trust filed a Form 8-K with the Securities and Exchange Commission on October 7, announcing the closing. Proceeds will be […]
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Watercrest Bolsters Memory Care Programming With Promotion Watercrest Senior Living Group has promoted Sheena Jeffries to work in the newly created role of engagement specialist. Jeffries first joined Watercrest in 2016 as a community memory care director. In her new role, she will provide support, training and help implement the company’s new memory care programming […]
AllyAlign Health closes $10M funding round AllyAlign Health, a developer and administrator of Medicare Advantage (MA) special needs plans benefiting long-term care providers, closed a $10 million strategic funding round, led by McKesson Ventures, as the Richmond, Virginia-based firm looks to expand. And senior living is in its sights, AllyAlign President President Amy Kaszak told […]
Welltower Secures $3 Billion Revolving Credit Facility Welltower Inc. (NYSE: WELL) recently entered into a credit agreement that consists of a $3 billion unsecured revolving credit facility, a $500 million unsecured term credit facility and a CAD 250 million unsecured term credit facility. The Toledo, Ohio-based health care real estate investment trust (REIT) reached the […]
LTC Announces Extension of Unsecured Credit Facility California-based LTC Properties, Inc. (NYSE: LTC) recently entered into a second amended and restated unsecured credit agreement to replace the real estate investment trust’s (REIT’s) previous unsecured credit agreement dated Oct. 14, 2014. The credit agreement maintains the $600 million aggregate commitment of the lenders under the previous […]
A large university in Florida hopes to foster ties between seniors and students by affiliating with a continuing care retirement community (CCRC) set to open near its campus. If all goes according to plan, workers will break ground in July, 2019, on Legacy Pointe at UCF, a 296-unit community located near the University of Central Florida […]
Heritage Senior Living Names New COO Heritage Senior Living has promoted its vice president of operations, Pierre Verger, to the title of COO, the company announced. In his new role, Verger will focus on growth and development and place a priority on creating partnerships and relationships with other health care industry leaders. Verger, who joined […]
Greystone Secures $19 Million in Refinancing for Dallas-Based Senior Housing Properties Greystone, a New York-based real estate lending, investment and advisory firm, has secured $19 million in refinancing of two undisclosed seniors housing assets located in Dallas and in nearby suburb DeSoto, according to REBUSINESS. Both loans were secured through Freddie Mac’s Targeted Affordable Housing (TAH) […]