Senior Housing Investments & Acquisitions: Care Trust REIT, LTC

CareTrust REIT Acquires Minn. Memory Care Facility for $7.2 Million  CareTrust REIT, Inc. (Nasdaq:CTRE) acquired Prelude at Woodbury, an upscale memory care facility in Woodbury, Minn., a Minneapolis suburb, for $7.2 million. The transaction was a sale-leaseback with Prelude Homes & Services, LLC, which developed the 30-bed facility in 2011 and has operated it since […]

Senior Housing Finance Activity: Love Funding, Capital One Bank

Love Funding Refinances $11.6M for Mich. AL Love Funding, a provider of FHA multifamily, affordable and healthcare financing, closed a $11.6 million refinancing for Grand Pines Assisted Living Center, a 104-bed assisted living facility in Grand Haven, Mich. Love Funding Midwest Regional Director Bruce Gerhart secured the loan through the U.S. Department of Housing and Urban […]

Senior Housing Investments & Acquisitions: Mather LifeWays, Senior Lifestyle Corp.

Mather LifeWays Sells SNF to Symphony Post Acute Network Evanston, Illinois-based Mather LifeWays has completed the sale of its 142-bed skilled nursing facility, Mather Pavilion, to Symphony Post Acute Network for an undisclosed amount. The sale fulfills a strategic decision by Mather LifeWays to move away from operating freestanding nursing homes. It will not affect […]

Senior Housing Finance Activity: Grandbridge, Greystone

Grandbridge Real Estate Capital Closes $12.2M Mortgage Loan for Ore. Memory Care Facility The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital recently closed a $12,250,000 first mortgage loan secured by Quail Park Memory Care in Eugene, Ore. Funding for the refinance was provided by BB&T Real Estate Funding, Grandbridge’s balance […]

Movers & Shakers — People and Positions for July, Part III

WoodBine Senior Living Hires New CIO Maryland-based WoodBine Senior Living, LLC has announced that Daryl McCombs has joined the company as a partner and chief investment officer to lead its acquisition, finance and business development functions.  McCombs brings to the position more than 20 years and $2 billion of acquisition and finance experience within the […]

Most Popular News of the Week: Old Nursing Home Models Require Face Lift To Compete

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Developers See Opportunity as Old Nursing Homes Become Obsolete — Shared living spaces and cafeteria-style dining are the nail in the coffin for decades-old post-acute care communities, senior living industry leaders agreed during a recent Senior Housing News Summit in […]

Top Providers Reveal New Ways to Recruit Senior Living Talent

In an industry that is rapidly evolving and expanding, leading senior housing providers are looking outside traditional avenues of recruitment to obtain the greatest and brightest candidates to fill key activity program and management roles. “There is a weakness in our industry of organizations growing from within only,” says Cindy Smith, corporate vice president of human […]

Greystone Acquires ARA Seniors Housing Group to Become One-Stop Shop

Greystone, a New York-based senior housing and multi-family real estate lender, will become a one-stop shop for its senior living providers seeking debt financing, brokerage and advisory services with its acquisition of ARA Seniors Housing Group. Though the acquisition price was not disclosed, the new entity, Greystone Real Estate Advisors, Inc., will provide a range […]

Senior Housing Finance Activity: Lancaster Pollard, NorthStar Healthcare, Greystone

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Housing & Healthcare Finance Closes $205M HUD Loan for SNF Portfolio Housing & Healthcare Finance (HHC Finance) closed a $205 million HUD loan portfolio consisting of 25 skilled nursing facilities located in the Southeast. The 232/223(f) loans refinanced existing […]

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

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Cushman & Wakefield Arranges $48.2M in Development Capital for Two Mass. Senior Housing Projects Cushman & Wakefield’s Senior Housing Capital Markets, part of the firm’s equity, debt and structured finance service line, arranged $48.2 million of senior construction financing […]