Senior Housing Finance Activity: Ziegler, Kindred

Ziegler Closes $34.49 Million Bond Issue on Behalf of UMRH Chicago-based speciality investment bank Ziegler announced the successful closing of the $34,485,000, tax-exempt, fixed-rate Series 2016A Bond issue on behalf of The United Methodist Retirement Homes (UMRH). UMRH, a Life Care Services partner since 2000, is a multi-site operator of three continuing care retirement communities […]

Senior Housing Investments & Transactions: HFF, NHI

HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]

Senior Housing Finance Activity: Ensign, CareTrust

The Ensign Group Announces $250 Million Revolving Credit Facility The Ensign Group, Inc. (Nasdaq: ENSG), which is based in Mission Viejo, California, announced that Ensign and its operating subsidiaries have boosted its revolving credit facility by $100 million to an aggregate of $250 million, $105 million of which was drawn as of Feb. 1. The credit […]

Senior Housing Finance Activity: HJ Sims, Bellwether Enterprise

HJ Sims Provides Financing for Fla. Senior Rental Community  HJ Sims, a privately held investment bank and brokerage firm, provided financing for a senior living residential rental community for seniors aged 55 and older located in Kissimmee, Fla. Tuscan Isle is immediately adjacent to Solivita, a residential 55+ community with more than 7,000 residents. Tuscan Isle […]

Senior Housing Finance Activity: Prudential Mortgage, Ziegler

Prudential Mortgage Refinances $41M For Md. Senior Living Community  Prudential Mortgage Capital Company provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a class A independent, assisted and memory care community located in Kensington, Md.   Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: […]

KeyBank Tops Fannie Mae Senior Housing Lender Rankings

KeyBank National Association has been the No. 1 Fannie Mae lender in the senior housing sector for three consecutive years, according to rankings released Monday. Berkadia Commercial Mortgage, LLC claimed the second spot in the latest rankings, for 2014. Berkadia ranked No. 4 in 2013, which was the first year for which Fannie Mae named the […]

Enlivant Inks $334 Million Financing for National Senior Living Portfolio

Chicago-based owner and operator Enlivant (formerly Assisted Living Concepts) this week closed a $334.4 million Fannie Mae credit facility from KeyBank Real Estate Capital for a national portfolio of senior living communities. The loan was secured by 54 assisted living properties across 12 states, including Iowa, Indiana, Kentucky, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, South […]

Senior Housing Finance Activity: NorthStar, NHI, Ziegler

Three Pillars Senior Living Communities Issued $22.8 Million Bonds Cain Brothers served as sole underwriter in the issuance of the Three Pillars Senior Living Communities Series 2013 bonds, issued as unenhanced fixed rate bonds and rated “A-” by Fitch on the underlying credit strength of Three Pillars. The $22.82 million bond issuance was used to […]

GSEs Find Niche in Long-Term Senior Housing Financing

Ever since the “Big 3” healthcare real estate investment trusts (REITs) began showing up to the biggest senior housing acquisition bashes of the last few quarters, agency finance has been forced to look for new parties to attend, many of which involve long-term financing. Despite improving liquidity for senior housing and ongoing talks regarding the […]

Despite Scrutiny, Fannie and Freddie’s Senior Housing Focus Sharpens

Fannie Mae and Freddie Mac are once again at the center of reform talks in the latest chapter of the two government-sponsored entities’ troubled saga, but despite all the scrutiny, lenders say both agencies’ role in the senior housing industry is growing.  “Both agencies have a very strong appetite for seniors housing assets,” says Allison […]