Transactions JLL Capital Markets leads $28 million refinancing for Texas community JLL Capital Markets announced that on Oct. 25, it arranged a $28 million senior mortgage for The Landing at Augusta Woods in Spring, Texas. The four year fixed rate loan will be used to refinance an existing construction loan and fund an expansion for […]
JLL Capital Markets
Transactions Helios arranges $9 million bridge-HUD loan for Texas senior housing provider Helios Healthcare Advisors announced on Sept. 12 that is has arranged a $9 million bridge-HUD loan for an unnamed Texas senior housing provider. The loan is part of an initiative to “recapitalize the borrower’s” 12-location portfolio, and the loan will be used for […]
Financings KeyBank Provides $9.9M financing KeyBank Community Development Lending and Investment provided $9.9 million in low-income housing tax credit equity to finance the conversion of the Margaret Wagner Senior Apartments in Cleveland Heights, Ohio. The development will create 20 new apartments through the adaptive re-use of the first floor of Margaret Wagner House and preserve […]
Sales JLL Capital Markets arranges sale of Oklahoma community JLL Capital Markets arranged the sale of a 105-unit community in a suburb of Tulsa, Oklahoma, representing seller Prevarian Senior Living and procured the buyer, TULAF3 LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer. SLIB facilitates sale of Illinois […]
Pennant Names Finds CFO in Fast Food Industry The Pennant Group (Nasdaq: PNTG) announced that fast-food veteran Lynette Walbom took over as its chief financial officer on May 22. Walbom most recently served as VP of financial reporting & tax for fast food chain Raising Cane’s Restaurants, which operates in 35 states. It doubled in […]
Financings JLL Arranges JV Equity for Virginia Project JLL Capital Markets announced that it arranged a joint venture for a senior living development project in Virginia. JLL worked on behalf of Centric Development LLC which is planning to build a 153,000 square-foot senior living community in Fredericksburg, Virginia that will include 106 assisted living units […]
Transactions Legend Senior Living to Manage Pennsylvania Community Legend Senior Living announced it will assume management of a Pennsylvania-based senior living community marking the fifth community Legend manages in the Keystone State. Located in the central Pennsylvania community of Mechanicsburg, the community – previously called The Landing of Southampton Personal Care and Memory Care – […]
Investors are not as interested in senior housing as they were at the tail end of 2021, nor are they as interested in active adult. Even so, almost half say they still plan to increase their exposure to senior living this year. That’s according to the latest investor trends and outlook survey from JLL Capital […]
Financings Ziegler Closes $47M Financing Ziegler announced the successful closing of a $47 million financing Saint Therese of Corcoran, a Catholic senior living organization that will be used for the construction of a new community. The community will be built in Corcoran, Minnesota and will include 99 IL, 34 AL and 20 memory care units […]
Transactions United Properties Rebrands, Moves Two Communities United Properties announed that two of its communities currently managed by Watercrest will shift to Ebenezer Management Services and that they will be rebranded as part of the change. The communities are located in Naples, Florida and Sarasota, Florida and will still be owned by United Properties. They […]
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