HJ Sims arranges $92 million bond financing package for Lutheran Senior Services HJ Sims completed a $92.4 million refinancing package for Lutheran Senior Services (LSS). The proceeds will fund an expansion to LSS’ Mason Pointe community in Chesterton, Missouri, as well additional planned capital improvements at other communities within its portfolio. HJ Sims identified bonds […]
HJ Sims
The Spires at Berry College closes $120 million bond financing package The Spires at Berry College closed a $119.7 million bond financing deal, which will be used to fund the entirety of construction costs for the life plan community on the campus of Rome, Georgia-based Berry College. The tax-exempt bonds include $81.9 million underwritten by […]
New Senior Retires $125 Million Of Mortgage Debt New Senior Investment Group (NYSE: SNR) paid off $125 million of mortgage debt with a combination of cash on hand and the proceeds from a new revolving credit facility secured by eight private pay senior housing facilities. This transaction lowers New Senior’s leverage and interest expense. Borrowings […]
Cushman & Wakefield, KeyBank Assist In HCP, Apollo Global On $264 Million Portfolio Trade HCP (NYSE: HCP) announced during its Q3 earnings call last month it completed the $264 million sale of 17 senior housing communities to an investment fund managed by affiliates of Apollo Global Management. Last week, more details emerged of the other firms involved […]
HJ Sims Completes Two Financing Packages Totaling $250.4 Million Capital Package For Dallas CCRC Community HJ Sims completed a $154.3 million financing package for Legacy Midtown Park (Legacy), a Jewish-sponsored, not-for-profit, start-up rental CCRC located in Dallas, Texas, and managed by Legacy Senior Communities. The package includes a $69.9 million bond underwriting, $70.5 million financing, and […]
Ziegler Arranges $200.6 Million Bond Financing Ziegler announced the closing of the Trousdale Foundation Properties $200,570,000 Series 2018 bonds. Ziegler served as the underwriter and placement agent for the bonds which were issued in various series including tax-exempt senior, taxable senior and tax-exempt subordinate bonds. Proceeds from the bonds were used to finance the acquisition and […]
Strategic Student & Senior Housing Trust Snatches Up Oregon Community Strategic Student & Senior Housing Trust, a public, non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, has for $92 million acquired Courtyard at Mt. Tabor, a 286-unit senior housing community in Portland, Oregon. Strategic Student & Senior Housing Trust plans to break […]
HJ Sims Arranges Closing of $15 Million Loan for Life Plan Community in Atlanta HJ Sims recently facilitated the closing of a $15 million revolving pre-development financing for a life plan community in Atlanta, Georgia. The community—Lenbrook—anticipates incurring up to roughly $15 million in pre-development costs for a planned expansion. The pre-development costs will mainly […]
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Blueprint Arranges Sale of Assisted Living, Skilled Nursing Portfolio in Ohio Blueprint recently announced the first closing of a multistage portfolio sale comprising one assisted living community and two skilled nursing facilities in northeast Ohio. The seller was a regional owner-operator looking to transition out of day-to-day community management. Blueprint identified a regional operator to lease […]
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