Transactions & Financings: Goldman Sachs Raises $3.5B for Real Estate; Bull Realty Finances $32M for Improvements

Sales ESI Arranges Sale of Colorado Community Evans Senior Investments announced it has successfully arranged the sale of The Kipling Meadows in Aurora, Colorado. Kipling Meadows is a 120-unit independent living community that averaged 86% occupancy in the three months prior to the sale and was producing cash flow. ESI, which represented the seller, a […]

Transactions & Financings: SLIB Facilitates Sales in 4 States; Fortress Buys Florida Community, Taps Watermark to Operate

Sales Grandbridge Closes $45M Sale of Florida Community Grandbridge Real Estate announced that its Tampa-based Senior Housing Investment Sales team arranged the sale of a 223-unit senior living community in ChampionsGate, a submarket of Orlando, Florida. Fortress Investment Group purchased the senior living campus, which had experienced difficulties meeting operational covenants of the development bond […]

Transactions & Financings: Five Star/Diversified Complete 107-Community Transition Plan; Acts Partners With Willow Valley

Acts Retirement Services and Willow Valley Communities have forged a strategic alliance, aligning two of the largest nonprofit senior living and care organizations in the United States. Acts, headquartered near Philadelphia, ranked as the third-largest multi-site senior living nonprofit on the 2021 LeadingAge/Ziegler 200, with more than 9,500 units across a portfolio of 26 life […]

Transactions & Financings: Solera Senior Living Expands; Harrison Street, Revera JV Acquires Portfolio

Berkadia and Solera Senior Living announced the acquisition of the Edgeworth Park at New Town assisted living and memory care community in early November. Berkadia announced the deal on behalf of Connecticut-based Wheelock Street Capital from sellers Jon Liebler, Derek Robertson, and Scott Wise. Solera will partner with Wheelock Street Capital and serve as the […]

Transactions & Financings: Moody’s Boosts Welltower’s Ratings Outlook; Friendship Village of Tempe’s $104M Bond Issuance

Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The Toledo, Ohio-based real estate investment trust’s (REIT) rating outlook was revised from negative to stable, and its issuer credit rating was revised to “Baa1” status by Moody’s Investors Service. The […]

Transactions & Financings: Griffin-American Health Care REIT Merger Complete; HumanGood Secures $120M Bond Package

Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]

Transactions & Financings: Healthpeak Closes $3B Credit Facility; Benedictine’s $132M Refinancing

Healthpeak Properties (NYSE: PEAK) has more credit at its disposal. The Denver-based real estate investment trust (REIT) announced on Monday that it closed on a new unsecured revolving credit facility, with commitments totaling $3 billion. The facility reduces Healthpeak’s borrowing costs and extends the maturity date to Jan. 30, 2026. Furthermore, the REIT controls two […]

Transactions & Financings: NHI’s Completes 8-Property, $115M Holiday Portfolio Sale; Bridge Sells Community for $15M

National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]

Transactions & Financings: Ventas Prices $500M Senior Notes Offering; HJ Sims’ $44M Refinancing for Aldersgate

Ventas (NYSE: VTR) is raising more money to shore up its financial position in the wake of its acquisition of New Senior Investment Group (NYSE: SNR). The Chicago-based real estate investment trust (REIT) announced a public offering of $500 million in senior notes at 2.5% interest, due in 2031. The notes are being issued by […]

Transactions & Financings: Welltower’s $4 Billion Credit Facility; Ziegler’s $141M Financing Deal Volume

Welltower (NYSE: WELL) improved its near- and long-term liquidity. The Toledo, Ohio-based health care real estate investment trust closed on an expanded $4 billion unsecured revolving line of credit. This will replace an existing $3 billion credit facility. Additionally, Welltower has two existing facilities outstanding: a $500 million term loan and a $250 million Canadian […]