Senior Housing Finance Activity: Cambridge, HealthLease Properties, HCP

Mainstreet Property Group’s HealthLease Properties REIT Closes $25 Million Credit Line  Mainstreet Property Group, LLC, announced on Tuesday that certain indirect subsidiaries of HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) have entered into a $25 million revolving credit facility with PNC Bank. The facility has an initial term of 36 months from closing and provides […]

In the Pipeline: Senior Housing Construction Projects (6/20/2012)

Construction: Planned AFL-CIO to Invest $10 Million Toward an Ohio Affordable Senior Housing Project The AFL-CIO Housing Investment Trust (HIT) is investing $10 million into a $14 million rehabilitation project for the Mayfield Manor Apartments, a senior housing complex in Canton, Ohio. The complex will keep 144 units affordable for current residents for 20 more […]

Mainstreet Development Group Has Stake in New Senior Housing & Care REIT

There’s a new healthcare real estate investment trust in town, and this one’s been formed with a focus on not just acquiring and owning senior housing and care properties, but also developing them. HealthLease Properties Real Estate Investment Trust announced today it had completed its initial public offering of 11 million trust units, raising gross […]

LCS Partners with Mainstreet Property Group to Own, Operate Senior Living Communities

Senior lifestyle services provider LCS recently entered into a joint venture agreement with Mainstreet Property Group, LLC, based in Cicero, Ind. to own and operate the first of several skilled nursing, short-term rehabilitation, and assisted living communities. Mainstreet will act as the real estate owner and developer, and already has 13 similar communities currently in […]

Mainstreet Adds $100 Million of Healthcare Assets to Portfolio in 2011, Looks to Expand

Healthcare real estate investment company Mainstreet added $100 million in new development assets in 2011, which it says shows market demand despite a sluggish economy. The company is currently focusing on building next-generation healthcare campuses across the Midwest, and is set to surpass the past year’s volume in 2012. Mainstreet has closed or is in […]