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 […]

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: Senior Living Investment Brokerage, Lancaster Pollard

Blueprint Arranges Sale of Assisted Living, Skilled Nursing Portfolio in Ohio Blueprint recently announced the first closing of a multistage portfolio sale comprising one assisted living community and two skilled nursing facilities in northeast Ohio. The seller was a regional owner-operator looking to transition out of day-to-day community management. Blueprint identified a regional operator to lease […]

Transactions & Financings: Lancaster Pollard, Blueprint, CBRE

Lancaster Pollard Helps Secure Financing for Assisted Living Project Lancaster Pollard recently aided Gardant Management Solutions and Horve Builders in securing financing to build Heritage Woods of Noblesville, a planned 124-unit affordable assisted living community in Noblesville, Indiana. Lancaster Pollard obtained a $19.9 million loan insured by the FHA Sec. 232 program to fund the […]

Transactions & Financings: IRR Partners with Tellatin, Inc.

Integra Realty Resources Partners With Tellatin, Inc. Commercial real estate valuation and consulting firm Integra Realty Resources (IRR) recently announced it has formed a strategic partnership with Missouri-based Tellatin, Inc., an appraisal, market study and advisory firm dedicated to serving the senior housing and health care sectors. Starting immediately, all 16 employees from Tellatin will form […]

Senior Housing M&A Spending Drops Sharply to End 2017

The dollar volume of senior housing and care acquisitions dropped at the end of 2017—and tax reform may be partly to blame. Approximately $1.85 billion worth of seniors housing and care properties traded hands in the fourth quarter of 2017, according to the most recent statistics from Irving Levin Associations. This is down from the […]

Senior Housing Investments & Transactions: Sagora Senior Living, Senior Living Investment Brokerage

South Carolina Assisted Living Community Sells for $1.9 Million Dave Balow, Patrick Burke and Brad Clousing of Glen Ellyn, Illinois-based Senior Living Investment Brokerage handled the recent $1.9 million sale of The Magnolias of Santee in Santee, South Carolina. The 31-unit, 22,046-square-foot assisted living and memory care community was sold by an owner/operator looking to […]

Senior Housing Investments & Transactions: Fortis Files for Receivership

Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]