Aron Will Closes Two More Financings

Heading into the Thanksgiving holiday, Aron Will of CBRE certainly had a bountiful month, closing nearly $80 million in two transactions. First, working on behalf of joint venture partners Harrison Street Real Estate Capital and The Springs Living®, Mr. Will arranged a $66.4 million construction loan to fund the construction of a 216-unit senior living […]

 

 

National Healthcare Corporation Holding Its Own

With all the media attention on financial problems within the skilled nursing sector (and we are guilty of this as well), there are some companies which are doing okay in this environment. One is National HealthCare Corporation, a publicly traded company that keeps very quiet but, with a market cap of $989 million, is one […]

 

Cushman & Wakefield Arranges $45 Million Recapitalization

Cushman & Wakefield successfully recapitalized a 90-unit senior living community in downtown Watertown, Massachusetts (Boston MSA) in a transaction totaling $45 million. Rick Swartz, Jay Wagner, Jim Dooley and Caryn Donahue represented joint venture owners Washington Capital Management and LCB Senior Living, which is also the operator of the property. Developed in 2014 at an […]

Quality Care Properties and HCR ManorCare One Step Closer

While the financial deterioration of HCR ManorCare continues, at least there was some good news in the past few weeks that may result in an agreement between it and its landlord, Quality Care Properties. Apparently, the DOJ has filed a notice to dismiss its case against HCRMC which was filed in April 2015 relating to […]

Blueprint Represents REIT in SNF Disposition

Steve Thomes of Blueprint Healthcare Real Estate Advisors represented a publicly traded REIT and its operating partner in its disposition of an 81-bed skilled nursing facility in Webster, Massachusetts (located about 10 miles south of Worcester on the Connecticut border). Several factors made this facility ripe for divestment. It was built in 1967 (although substantially […]