Transactions & Financings: Griffin-American’s $400 Million Credit Facility

Bank of America’s $400M Credit Facility for Griffin-American Healthcare REIT Griffin-American Healthcare REIT co-sponsors, Griffin Capital and American Healthcare Investors, announced that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated, KeyBank Capital Markets and Citizens Bank, National Association […]

Transactions & Financings: ORIX USA, Midcap Financial

Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]

Senior Housing Investments & Transactions: Griffin-American, Bloom Senior Living

Griffin-American REIT IV Acquires 9-Property Portfolio A portfolio of nine properties throughout the greater Tampa and Orlando areas sold for $109.5 million in early November. Griffin-American Healthcare REIT IV acquired the 1,140-unit portfolio from New Senior Investment Group (NYSE: SNR). Griffin-American Healthcare REIT IV is co-sponsored by American Healthcare Investors and Griffin Capital Company LLC. […]

Senior Housing Investments & Transactions: Griffin-American Healthcare REIT IV

Griffin-American Acquires Five-Building Portfolio Near St. Louis American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, acquired the five-building SW Illinois Senior Housing Portfolio in the St. Louis metro area. The property was purchased from A&M Property Holding, an unaffiliated third party represented by Jeff Binder and Patrick Byrne of Senior Living Investment […]

Senior Housing Investments & Transactions: Mainstreet Acquires $44.3 Million Memory Care Portfolio

Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]

Movers & Shakers: Welltower Executive Announces Retirement

Welltower Executive Announces Retirement From Current Position Erin C. Ibele, the executive vice president, head of human capital and corporate secretary for health care real estate investment trust (REIT) Welltower Inc. (NYSE: HCN), announced she will retire from her current position with the company on June 30. Welltower entered into an agreement regarding the terms […]

Editor’s Picks: Firefighters Heat Things Up at Brookdale

This week on Senior Housing News, readers learned how Chicago-based Ventas Inc. (NYSE: VTR) is handling oversupply challenges and discovered the latest Griffin-American real estate investment trust (REIT) as it launched a $3.15 billion initial public offering. Readers also delved into the project that won 2015 Best Repositioning in the SHN Design Awards, and found out […]