Transactions & Financings: Bridge Adds 4 Communities; Watermark Awarded $75M Credit Facility

BMO Harris provides $75M credit facility to Watermark, 2 Developers BMO Harris Bank’s Healthcare Real Estate Finance group closed on a syndicated $75 million senior facility to Largo Land Development and Watermark Retirement Communities to finance the construction of a 219-bed independent living, assisted living and memory care community and 64-unit 55-plus active adult community […]

Transactions & Financings: CBRE’s $615M November; Watermark Grows with Acquisition

Berkadia completes $159M in recent senior housing deals Berkadia’s Senior Housing & Healthcare Group closed on the following senior housing transactions, totaling $158.9 million in transaction value: — Senior Directors Ed Williams and Rafael Nobo arranged a $107.6 million Fannie Mae master credit facility for eight independent living, assisted living and memory care communities in […]

Transactions & Financings: Welltower’s $850M JV; Acts Acquires New Corporate HQ

Welltower, Invesco Announce $850M Joint Venture Welltower Inc. (NYSE: WELL) and global real estate manger Invesco Real Estate (“Invesco”) announced an $850 million joint venture partnership comprising a portfolio of 35 medical office buildings spanning 2.6 million square feet. The portfolio was previously wholly owned by Welltower. The properties are 100% affiliated with health systems […]

Transactions & Financings: Sabra Closes $350M Debt Offering; SHN’s $58M Portfolio Sale

Sabra completes $350M debt offering Sabra Health Care REIT (Nasdaq: SBRA) completed an underwritten public offering of $350 million worth of 3.9% senior notes due in 2029. The Irvine, California-based health care real estate investment trust filed a Form 8-K with the Securities and Exchange Commission on October 7, announcing the closing. Proceeds will be […]

Historic Moment for Senior Housing M&A with All Buyers in the Game

Investor appetite for senior housing has grown to levels that industry finance experts say is unprecedented, in terms of the variety of buyers seeking transactions. What makes this investor landscape historic is no group is sitting on the sidelines, senior living finance and transactions professionals told Senior Housing News. “The buyers market is hitting on […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

Transactions & Financings: Senior Housing Management Expands Operations; Ensign Acquires in California

JLL advises Welltower on $1.8B Benchmark portfolio sale JLL (NYSE: JLL) represented Welltower (NYSE: WELL) in the Toledo, Ohio-based REIT’s $1.8 billion disposition of 48 properties operated by Waltham, Massachusetts-based Benchmark Senior Living, to an unnamed buyer. The 4,137-unit portfolio consists of 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island […]

Transactions and Financings: Acts Completes Integrace Affiliation; Avamere’s New Acquisition

Acts, Integrace complete affiliation Acts Retirement-Life Communities completed its affiliation with Integrace and its family of communities throughout Maryland this week. The affiliation brings together two nationally recognized names in the senior living industry under shared leadership and governance. The affiliation was first announced in January.The affiliation gives West Point, Pennsylvania-based Acts entry into the […]

Transactions & Financings: $120M Bond Financing for Spires at Berry College; NHI Acquires Holiday Community

The Spires at Berry College closes $120 million bond financing package The Spires at Berry College closed a $119.7 million bond financing deal, which will be used to fund the entirety of construction costs for the life plan community on the campus of Rome, Georgia-based Berry College.The tax-exempt bonds include $81.9 million underwritten by Ziegler […]

Transactions & Financings: Ziegler Arranges Bond Financing, Arcapita Grows U.S. Portfolio

Ziegler Arranges $200.6 Million Bond Financing Ziegler announced the closing of the Trousdale Foundation Properties $200,570,000 Series 2018 bonds. Ziegler served as the underwriter and placement agent for the bonds which were issued in various series including tax-exempt senior, taxable senior and tax-exempt subordinate bonds. Proceeds from the bonds were used to finance the acquisition and […]