Condominium units at Fox Hill, a luxury, Sunrise-managed senior living community in Bethesda, Md., are back on the market after a year-long marketing hiatus as multiple involved parties attempt to bring the community from the brink of foreclosure to stabilized occupancy. With the real estate market headed toward recovery, success in relaunching struggling luxury retirement communities […]
HJ Sims
Berkadia Originates $14.4 Million Acquisition Loan for Chevalier Berkadia Commercial Mortgage LLC recently originated a $14.4 million, three-year floating rate acquisition loan to finance Chevalier International Holdings Limited’s acquisition of an 18-property portfolio of assisted living communities operated by Meridian Senior Living. Christopher Fenton, vice president at Berkadia, arranged the loan through the firm’s proprietary […]
Sunrise Stockholders Approve Acquisition by Health Care REIT, Completed Jan. 9 Sunrise stockholders voted at a special meeting on Monday to approve the company’s previously-announced merger with Health Care REIT, Inc. (NYSE:HCN). A majority (98.3%) of the votes case by Sunrise stockholders were in favor of this proposal, representing 69.4% of the shares of common […]
Walker & Dunlop Closes $28.5 Million Loan for Hawaii Senior Housing Community Walker & Dunlop, LLC recently provided $28.5 million in Fannie Mae financing for The Plaza at Mililani, a senior housing community in Mililani, Hawaii. The loan was to refinance the 72-unit, 128-bed property and was structured with a 10-year term and a 30-year […]
Subscribe
Receive industry updates and breaking news from SHN