National Health Investors Acquires $9.8 Million Independent Living Community National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT), has acquired a 98-unit independent living community in Chehalis, Washington, for a total investment of $9.8 million, including $350,000 for capital improvements. NHI leased the community to a partnership between Marathon Development and Village […]
The Carlyle Group
Capital Funding Group Closes 3 Bridge-to-HUD Loans For Skilled Nursing Facility Acquisitions Capital Funding Group, a full-service provider of comprehensive financing solutions for health care facilities across the country, announced the closing of three bridge-to-HUD loans for acquisitions in North Carolina, Texas and California. A $10.8 million bridge-to-HUD loan will finance the acquisition of Creekside […]
Senior Living Investment Brokerage Facilitates Sale of Virginia Assisted Living Facility Glen Ellyn, Illinois-based Senior Living Investment Brokerage Inc. facilitated the sale of Lexington at Tazewell, a 42-unit, 33,480-square-foot assisted living facility in Tazewell, Virginia, for $2.15 million. The seller was the lender who had financed the renovations and then foreclosed on the developer. The buyer […]
NorthStar, Griffin-American Close on $1 Billion Trilogy Acquisition It’s official—the $1.125 billion acquisition of Trilogy Health Services LLC has been finalized. NorthStar Healthcare Income, Inc. on Tuesday announced the completion of the acquisition, pursuant to a joint venture with Griffin American Healthcare REIT III, Inc. Under the agreement, Griffin-American will own 70% of the joint […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Freddie Mac Unveils New Senior Housing Product, Greystone First to Market—Freddie Mac released a revolving credit product specific for senior housing borrowers. Greystone was the first to secure the credit facility for a developer client, in […]
American Realty Capital has completed the acquisition of a Class A senior housing community in Katy, Texas, purchased for $71.25 million from Formation Development Group, LLC and affiliates of The Carlyle Group. HFF marketed The Solana at Cinco Ranch, a 184-unit independent living, assisted living, and memory care community, on behalf of the sellers. The […]
Cambridge Closes $42.8 Million of Senior Housing & Care Loans Cambridge Closes $14.9 Million Nursing Home Loan Cambridge Realty Capital Companies recently announced the closing on a $14.9 million loan to refinance Green Park, a 188-bed skilled nursing home in St. Louis, Mo., announced chairman Jeffrey Davis. The fully-amortized, 36-year term loan was arranged for […]
Senquest Senior Living Buys Ohio Community for $12 MIllion Senquest Senior Living, the senior housing business of Titan Real Estate Investment Group Inc., recently acquired an independent and assisted living property near Akron, Ohio for $12 million. Liberty Residence I and II have a total of 137 units which were 91% occupied at time of […]
Platinum Healthcare Sells Six-Property Ill. Skilled Nursing Portfolio for $48.5 Million Platinum Healthcare recently sold a six-property skilled nursing portfolio for $48.5 million in a transaction handled by Senior Living Investment Brokerage, Inc. The 822-bed portfolio had been owned and operated by a Midwest operator of long-term care properties. The senior care communities are located […]
Washington, D.C.-based asset management company The Carlyle Group recently acquired a senior living community in Jacksonville, Fla., for $19 million, reports the local Business Journal. The community, Brighton Bay, was sold by a subsidiary of Wells Fargo & Co. (NYSE:WFC). Third-party management company Leisure Care has been brought on to operate the community. Written by Alyssa […]
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