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Here We Go Again With The Post
by Steve Monroe | May 6, 2024 12:35 am | Opinion
The Washington Post is on the attack again, publishing a story last Friday on the overuse of 911 calls when a resident falls in assisted living or independent living, and how some towns are starting to charge seniors housing communities a fee for each 911 visit of this sort. Apparently, in some towns these 911 “fall” calls have been rising. If we... Read More » -
Bourne Acquires AL/MC Asset (with HUD Debt)
by Ben Swett | May 3, 2024 3:33 pm | Acquisitions
Representing a regional owner/operator, Evans Senior Investments successfully sold Trinity Hills of Knoxville, an 80-unit assisted living/memory care community in Knoxville, Tennessee. Built in 2006, the community features 66 AL and 14 MC units, all serving private pay residents. Occupancy was strong at the time of marketing, at 92%, and it... Read More » -
Berkadia Finances Clarendale Clayton
by Ben Swett | May 3, 2024 3:28 pm | Financings
Berkadia refinanced Clarendale Clayton, a best-in-class seniors housing community in Clayton, Missouri (St. Louis MSA), that offers the full continuum of care in a high-end, resort-style setting. Opened in 2021, the 13-story property features 283 units of independent living, assisted living and memory care. Managing Director Austin Sacco of... Read More » -
Multifamily Investor Buys Ohio IL Community
by Ben Swett | May 3, 2024 3:25 pm | Acquisitions
An independent owner/operator chose to strategically divest its 102-unit independent living community in a prominent suburb of Cleveland, engaging Blueprint to get the deal done. Built in the late 1980s, the purpose-built community was stabilized, cash-flowing and well occupied. Plus, there was upside through a capital deployment plan. Few of... Read More » -
Dwight Capital Announces Q1 Activity
by Ben Swett | May 3, 2024 3:23 pm | Acquisitions, Financings
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $152.5 million in transactions during the first quarter of 2024. Among the transactions were a $44 million bridge loan for a 369-bed, seven-story skilled nursing facility in the Southwest U.S. The bridge loan, which closed in conjunction with a $5 million revolving line of... Read More »