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 […]
Mainstreet
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 […]
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 […]
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 […]
In a previous article, Senior Housing News looked into the concept of senior living residences incorporating hospitality features to attract a younger resident in pursuit of lifestyle rather than care. While not every boomer is looking for (or can afford) a hotel-like stay on a long-term basis, this idea might be more attractive for shorter-term, […]
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 […]