Transactions Sonida closes two acquisitions Sonida Senior Living announced the closing of its two latest acquisitions in the Atlanta and Tampa submarkets. On June 1, Sonida finalized the acquisition of an upscale and amenitized asset in the Atlanta metro for $11 million, according to a press release. The company now has four assets in the […]
KeyBank Community Development Lending & Investment
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 […]
Welltower (NYSE: WELL) is improving its liquidity debt maturities situations. The Toledo, Ohio-based health care real estate investment trust closed a $750 million offering of 2.8% senior unsecured notes, due in June 2031. Welltower will use the net proceeds to redeem $340 million of outstanding 3.75% senior notes due March 2023, and $335 million of […]
Affiliations AccentCare, Seasons Hospice to Merge AccentCare Inc. and Seasons Hospice announced a merger, Senior Housing News sister publication Home Health Care News reports. The deal brings Dallas-based AccentCare, one of the five largest home health care companies in the country, and Seasons, one of the top five largest hospice providers, under one corporate umbrella. […]
Columbia Pacific, Embassy Group to invest $136M in India Columbia Pacific Communities is partnering with Indian real estate developer, Embassy Group, to develop a pipeline of senior housing communities in major population hubs across India, Mint reports. The venture will invest ₹1,000 crore – $136.3 million in U.S. dollars – to develop a pipeline of […]
Ziegler completes 3 transactions totaling $240M Ziegler completed the following transactions: A Series 2020 Bond package totaling $199.4 million for Acts Life-Retirement Communities, consisting of $115.11 million in Series 2020 tax-exempt bonds and $84.3 million in 2020 taxable bonds. The tax-exempt bonds were issued through the Wisconsin Public Finance Authority, Palm Beach County (Florida) Health […]
Ensign Group senior housing spinoff complete The Ensign Group (Nasdaq: ENSG) completed its spinoff of The Pennant Group (Nasdaq: PNTG), its unit for senior living, home health and hospice properties. The Mission Viejo-based company first announced the spinoff in May. Ensign stockholders received one share of Pennant common stock for every two shares of Ensign […]
HCP To Sell 15 Million Shares of Stock HCP (NYSE: HCP) is selling 15 million shares of its common stock. The stock consists of 2 million shares offered directly by the company and 13 million shares offered on a forward basis in connection with a forward sale agreement, at a price of $28.90 per share. The forward buyer, […]
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 […]
HHC Finance Closes $4.86 Million HUD Loan for Community in Texas Housing & Healthcare Finance recently closed a $4.86 million 232/223(f) HUD loan for New Haven of Kyle, a 32-unit assisted living and memory care community in Kyle, Texas. The community was constructed in 2014 by New Haven Assisted Living and has consistently recorded occupancy in the […]
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