Transactions & Financings: ORIX USA, Midcap Financial

Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]

Transactions & Financings: ORIX USA, Midcap Financial

Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]

Senior Housing HUD Lending Volume Rises 20%

The U.S. Department of Housing and Urban Development’s (HUD) Lean financing program for senior housing is back in a strong way. The program, which insures senior housing mortgages and other types of lending, closed a loan volume of $3.4 billion during the fiscal year that ended Sept. 30, 2017, according to HUD data cited by Columbus, Ohio-based Lancaster Pollard. That’s a roughly 20% […]

[Updated] Lancaster Pollard Acquired by ORIX, RED Capital to Change Focus

Lancaster Pollard, which is routinely ranked as the top FHA/HUD senior living lender, has been acquired by ORIX USA, a division of international financial services group ORIX Corporation. ORIX already owns another major senior housing lender, RED Capital. Going forward, senior housing services will be consolidated under the Lancaster Pollard brand. Columbus, Ohio-based Lancaster Pollard […]

Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

Senior Housing Investments & Transactions: Sienna Senior Living Completes $255 Million Acquisition

Sienna Senior Living Closes $255 Million Senior Housing Portfolio Acquisition Ontario-based Sienna Senior Living (TSX: SIA) has completed a previously announced acquisition of eight seniors housing residences in British Columbia for the purchase price of $255 million. The deal includes two private-pay independent living communities and six residences with both private pay and funded long […]

RED Capital to Grow After ORIX Goes All-In

A major senior housing lender says it’s poised for growth following a fresh investment from its parent company. RED Capital Group, LLC is now wholly owned by Dallas-based ORIX USA Corporation, whose ownership of RED officially grew from 88% to 100% on Feb. 22. ORIX, which offers investment capital and asset management services to clients in […]

Movers & Shakers: RED Capital Group’s New CEO

Ted Meylor Assumes Role of CEO for RED Capital Group RED Capital Group, LLC and ORIX USA Corporation announced recently that Edward “Ted” J. Meylor will be assuming the role of CEO for RED Capital Group, as Mike Moran, current CEO, transitions back to the parent company, ORIX USA. Moran was named as chairman and […]