Financings Ziegler Closes $36M for Life Plan Community Ziegler announced its role in the closing of $36.1 million in Series 2022A notes for Green Cay Life Plan Village Inc., a Florida-based nonprofit corporation. Green Cay plans to use the proceeds from the notes to acquire about 15 acres of land as well as to finance […]
JLL Capital Markets
Financings JLL Capital Markets Arranges $30M for Refinancing JLL Capital Markets (NYSE: JLL) announced it arranged $29.57 million for refinancing for a Washington-based senior living community. The community — Mirror Lake Village — is a 114-unit IL, AL and memory care community located in Federal Way, Washington near Puget Sound with amenities like an outdoor […]
A lower cost of capital and a shallow pool of acquisition opportunities have made conditions more favorable for sellers of senior living properties in recent years — but there are recent signs that the market is tilting back toward the buyers. For one, senior living operators are still grappling with a higher cost of doing […]
Transactions The Green House Project and the Pioneer Network Team Up The Green House Project and Pioneer Network announced they would enter into a formal alliance with the goal of sparking cultural, organizational and physical change in senior living and senior care. The two brands share roots and have long worked together. The Pioneer Network […]
Transactions 12 Oaks Managing 4 Longview Communities in Oklahoma 12 Oaks Senior Living deepened its relationship with Longview Senior Housing by taking on management of four assisted living and memory care communities in Oklahoma. In addition to the four Oklahoma communities, 12 Oaks manages six Longview senior living communities in Texas. Financings Ziegler Closes Nearly […]
Senior living transaction volume is picking up in 2022 as investors believe the industry has already seen the worst that the pandemic can offer. That’s according to the latest Seniors Housing & Care Investor Survey and Trends Outlook from JLL Valuation Advisory. The survey, released Thursday, includes responses from more than 100 investment professionals. Bryan […]
Senior living operator Calson Management and private equity firm RSF Partners are embarking on a joint venture equity agreement for the development of a community near Silicon Valley. The two companies expect it will be the beginning of a “long and harmonious relationship,” with plans to further expand throughout primary and secondary markets with high […]
Transactions Kauhale Healthcare Management to Manage CCRC, Grandbridge Arranges Financing On March 23, Kauhale Healthcare Management took over the management of Vista Grande Villa, a continuing care retirement community in Jackson, Michigan. Kauhale is planning to undertake a series of capital improvements expected to happen within the next two years and cost approximately $5 million. […]
Acquisitions Green Courte Partners Announces Three Active Adult Acquisitions Green Courte Partners has announced that its investment fund, Green Courte Real Estate Partners V, and its affiliates have acquired three active adult cottage communities in the Oklahoma City area. The acquisitions bring the firm’s active adult portfolio to 17 communities, all of which are managed […]
Financings MidCap Financial Closes Loan for South Carolina Community MidCap Financial announced that it has closed a $20.5 million floating-rate first mortgage loan with Valeo Groupe Americas. The loan facilitated the recapitalization of Vineyard Bluffton, a Class A senior housing community in Bluffton, South Carolina, with 96 assisted living and memory care units. Transactions Juniper […]
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