The historically low interest rate environment today is paving the way for a strong year in the tax-exempt senior living market for 2015, says Chicago-based speciality investment bank Ziegler in its recent 2015 market outlook report. “Long-term interest rates for not-for-profit senior living providers are at generational lows for just about every borrower credit […]
Ziegler
Capital One Bank Closes $5.7M FHA Loan to Refinance Ill. SNF Capital One Multifamily Finance provided a $5.7 million fixed-rate, HUD 232/223(f) loan to refinance a 144-bed skilled nursing facility in northern Illinois. The property was built in 1972, with additions in 1988 and 1993. The key principals are owners and operators […]
Specialty investment bank Ziegler is ramping up its efforts in the healthcare space through the creation of a new healthcare private equity practice, the company has announced. Ziegler hired three executives from Contemporary Healthcare Capital LLC (CHC) to form the new practice: Eric Smith, former partner at CHC, which he co-founded in 2006, as managing director; […]
Wishing our readers a very happy holiday. The SHN team will be suspending our daily emails in observance of the holiday this week. We will resume our normal schedule on Monday, December 29. Until then, here’s a recap of the most read stories this week. Investors See These 3 Trends Ahead in Senior Housing—From strong […]
AHEPA National Housing Corporation Receives HUD Grants for Assist Living Conversion AHEPA National Housing Corporation has received $2.38 million in grants assistance to fund an assisted living conversion program for its Indianapolis-based AHEPA 232 Apartments. The recipient is one of only six grants awarded by the Department of Housing and Urban Development under its assist […]
LeadingAge and Ziegler have teamed once again to release their collaborative analysis of the largest not-for-profit senior living providers in the U.S., but this year the rankings go beyond the traditional top-100 to include the 150 largest organizations in the first-ever LZ 150. Now in its 11th edition, the LZ 150 ranks the largest nonprofit […]
RED Mortgage Provides $4.4M FHA Loan to Ore. AL Facility RED Mortgage Capital, LLC arranged a $4,405,200 FHA 232/223(f) mortgage loan for The Bridge, a retirement and assisted living community in Grants Pass, Ore. The community has 63 assisted living units. RED Mortgage Provides $8.5M FHA Loan to Ohio AL/Memory Care Facility RED Mortgage Capital, LLC arranged […]
Grandbridge Facilitates Seniors Housing Acquisition of Ga. Senior Housing community The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital closed a $4,540,000 supplemental loan in conjunction with the assumption of the existing $19,000,000 first mortgage and acquisition of Noble Village of Sugarloaf. Located in Suwanee, Ga., the 109-unit seniors housing community […]
As affiliations and consolidations accelerate across both the for-profit and nonprofit sectors of senior living, new data show recent merger activity is driven more by strategy than necessity, which commonly drove activity in years past. “While some sponsorship transitions and affiliations have been necessity-driven, due to financial and operational challenges, recent activity has clearly been […]
The average change in monthly fees charged to existing senior living residents of nonprofit communities this year is 3.05%, the latest data from speciality investment bank Ziegler show, which reveal an increase from the previous year at 2.94%. The October CFO Hotline poll reflects responses from more than 140 nonprofit senior living CFOs nationwide — […]
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