Assisted living has undergone substantial changes from its original model, and Sabra Health Care REIT (NASDAQ:SBRA) has seen that trend and gone one better by launching a development platform for assisted living communities specifically designed for higher acuity residents. “The model has changed dramatically, and it makes assisted living and memory care facilities great partners for […]
Meridian Equity Investors
Prudential Closes $13.7 Million Construction Take-Out Loan for Ohio Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU), recently closed a $13.7 million construction take-out loan for an Ohio senior living community. Parker Place is a three-story, 124-unit independent living complex located in Mentor, Ohio. The loan term is […]
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) recently acquired two skilled nursing facilities located in Pennsylvania for $29.9 million, and also funded a mezzanine loan investment for Meridian Equity Investors. The nursing facility acquisitions were a sale-leaseback transaction with affiliates of the sellers; the purchase prices was funded with available cash. Each facility has 60 licensed […]
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