HFF Announces Construction Financing for Denver Community Holliday Fenoglio Fowler, L.P. (HFF) has announced new construction financing for Solera at Cherry Creek, a planned senior housing project in Denver, Colorado. HFF’s team members worked to arrange the construction loan through a national bank on behalf of the developer, a joint venture between affiliates of Banner […]
MidCap Financial
Private equity giant Apollo Global Management plans to invest further in senior living after acquiring a portfolio of 22 properties currently managed by Brookdale Senior Living (NYSE: BKD), a person with knowledge of the deal told Senior Housing News. New York City-based Apollo is an alternative investment management firm that currently has about $247 billion […]
Revera Buys UK-Based Senior Living and Skilled Nursing Operator United Kingdom-based senior care and nursing home provider and developer Signature Senior Lifestyle has been purchased by Canada-based operator and investor Revera Inc., Care Home Professional reported. The purchase price was undisclosed. Signature develops and operates care homes, and currently manages 10 care homes in the UK, with […]
KeyBank Originates Financing for Chicago Pacific Founders Acquisition KeyBank Real Estate Capital recently originated the $14.4 million Fannie Mae financing for Chicago Pacific Founders’ purchase of Parkrose Estates Retirement Community, a 100-unit senior housing community in Liverpool, New York. Charlie Shoop of Key’s Commercial Mortgage Group arranged the financing, which provided a low-cost, floating-rate loan with […]
MidCap Closes First Mortgage Loan for Florida Community MidCap Financial, a commercial finance firm that concentrates on middle-market transactions, recently closed a transaction with Zon Living Concepts, LLC. The senior housing and senior care company owns and operates Zon Beachside, a Class A assisted living and memory care community in Indian Harbour Beach, Florida. The […]
Brookdale Pays $75 Million for California Property Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) paid about $74.5 million to acquire the real estate of Palm Beach Gardens, a 317-unit property in Palm Beach, Florida. That equates to about $235,000 per unit, according to The Real Deal, which reported on details of the transaction, citing property […]
Welltower Acquires CCRC in Florida for $130 Million Toledo, Ohio-based health care real estate investment trust (REIT) Welltower, Inc. (NYSE: WELL) has officially acquired Stratford Court of Boca Pointe, a 527-bed continuing care retirement community (CCRC) in Boca Raton, Florida, for $130 million, according to the South Florida Business Journal. The seller was Newton, Massachusetts-based REIT Senior Housing Properties […]
Welltower Inc. (NYSE: HCN) is upbeat about the year ahead, despite the fact that two of its largest tenants are in rough waters and headwinds are hitting both the senior living and skilled nursing industries. The Toledo, Ohio-based real estate investment trust (REIT) is one of the largest senior housing real estate owners in the U.S., with a portfolio of hundreds […]
Greystone Secures $19 Million in Refinancing for Dallas-Based Senior Housing Properties Greystone, a New York-based real estate lending, investment and advisory firm, has secured $19 million in refinancing of two undisclosed seniors housing assets located in Dallas and in nearby suburb DeSoto, according to REBUSINESS. Both loans were secured through Freddie Mac’s Targeted Affordable Housing (TAH) […]
MidCap Financial Arranges $7.9 Million Loan for Skilled Nursing Facility in Arizona Commercial finance company MidCap Financial recently arranged a $7.9 million, fixed-rate HUD 232/223(f) loan to refinance a 137-bed, 69-room skilled nursing facility in Sun City West, Arizona. The financing was arranged by MidCap Financial Housing Capital Inc. Managing Director Brett Patrick. Ziegler Closes […]
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