Transactions & Financings: Blueprint Arranges Arbor Terrace Sale, MicCap Closes in Illinois

Sales Blueprint Arranges Sale of Memory Care Community Blueprint Healthcare Real Estate Advisors announced it arranged the sale of a newly-developed senior living community in Virginia. The community – called Arbor Terrace Fairfax – is a 48-unit/54-bed memory care community in Fairfax County, Virginia that was developed by Capital Seniors Housing in partnership with the […]

Transactions & Financings: Kare, NAHCA Team Up for Training Program; MidCap Closes on Mortgage for Future Watermark Community

Financings VIUM Capital Closes $200M in Senior Housing, Healthcare Vium capital announed it closed approximately $200 million worth of deals in seniors housing and healthcare in the month of August. The $200 million figure comes from six financings that included 28 separate projects in nine different states. For example, Vium closed on a $7.7 million […]

Transactions & Financings: Juniper Expands Presence in Texas; Sienna, Sabra Health Care REIT to Acquire Community in Canada

Financings MidCap Financial Closes Loan for South Carolina Community MidCap Financial announced that it has closed a $20.5 million floating-rate first mortgage loan with Valeo Groupe Americas. The loan facilitated the recapitalization of Vineyard Bluffton, a Class A senior housing community in Bluffton, South Carolina, with 96 assisted living and memory care units. Transactions Juniper […]

Transactions & Financings: The Springs Living Buys 5 Communities for $193M; Tryko Expands Maryland Portfolio

Sales Harrison Street Sells 5 to The Springs Living for $193M Harrison Street announced the sale of a portfolio of five senior housing properties to The Springs Living at a value of $193.5 million. The portfolio includes 622 independent living, assisted living, and memory care units located in Eugene and Medford, Oregon; and Butte and […]

Transactions & Financings: Lument Sees Transaction Volume Record in 2021; MidCap Secures $95M Loan

Sales MedCore Sells Washington Community MedCore Partners announced the sale of its Cooks Hill Manor community, according to a press release. The move brings MedCore portfolio to 15 senior living properties across the states of Arizona, California, Oregon, Texas, Utah, and Washington. Grandbridge Arranges New Hampshire CCRC Sale Grandbridge Real Estate Capital announced that it […]

Transactions & Financings: Moody’s Boosts Welltower’s Ratings Outlook; Friendship Village of Tempe’s $104M Bond Issuance

Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The Toledo, Ohio-based real estate investment trust’s (REIT) rating outlook was revised from negative to stable, and its issuer credit rating was revised to “Baa1” status by Moody’s Investors Service. The […]

Transactions & Financings: PGIM, Greystone Facilitate Harrison Street-Oakmont Deal; Lifespace, Phoenix, Alta Grow

Harrison Street Real Estate Capital’s $1.2 billion acquisition of 24 senior living communities formerly owned by Healthpeak Properties (NYSE: PEAK) and Gallaher Companies in early June was facilitated with loans from two large financial firms. Greystone placed and executed financing for the purchase of 16 of the communities in the portfolio. The package involved Freddie […]

Senior Living Capital Markets at ‘Peak Volatility,’ But Sector Has Advantages

The Covid-19 pandemic has created an environment of peak volatility for senior living, but the industry’s need-based, recession-resilient components open it up to available sources of liquidity. And as a real estate class, it is far more stable than other product such as retail and hotels. Already, lenders are retreating to the sidelines, becoming extremely […]

Transactions & Financings: ORIX-Hunt Real Estate Capital Merger; Diversified’s $103M Portfolio Sale

ORIX USA acquires Hunt Real Estate Capital ORIX Corporation USA completed its acquisition of Hunt Real Estate Capital, creating a commercial real estate finance platform with annual loan production in excess of $9 billion and a servicing portfolio of more than $40 billion. ORIX will combine Hunt into its existing brands, Lancaster Pollard and RED […]

Transactions & Financings: New Senior Issues Fortress Affiliate $40 Million In Stock, NHI Lends $180 Million

New Senior Investment Group Issues Fortress Affiliate $40 Million in Series A Preferred Stock New Senior Investment Group (NYSE: SNR) filed an 8-K form with the Securities and Exchange Commission (SEC) indicating the New York City-based real estate investment trust (REIT) issued 400,000 shares of Series A Preferred Stock to FIG LLC, an affiliate of […]