Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
Senior Capital Advisors
Enlivant Acquires Two Georgia Communities Enlivant, a senior housing provider that operates almost 200 communities across 19 states, has acquired two senior living communities in Georgia, a state where the company already has an established presence. The communities were purchased for $10 million. The two communities, Winthrop West and Winthrop at Polk, were bought from Winthrop […]
$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
Chelsea Jewish Foundation Announces Merger with Aviv Centers The Boards of Directors of the Chelsea Jewish Nursing Home Foundation, Inc. (CJF) and Aviv Centers for Living, Inc. recently announced that the two organizations are combining to serve seniors north of Boston. Together, they will become the largest senior living nonprofit organization on the North Shore, […]
New York-based American Realty Capital Healthcare Trust recently acquired a 5-property portfolio of senior living communities in Georgia and Florida from Principal Senior Living Group for $85,750,000. The Alpharetta, Ga.-based seller, represented by Senior Capital Advisors, will continue to manage the properties under a 5-year management agreement. The 369-unit, 448-bed portfolio of independent living villas […]