Newmark Sells Connecticut Community

Newmark Knight Frank closed on a large senior living community in Farmington, Connecticut a few weeks before the COVID-19 pandemic let loose in the Northeast. The community was built in 2015 and has 89 assisted living and 45 memory care units for a total of 134 units. Occupancy was at 97% when it went to market, which is […]

 

 

 

Senior Living Investment Brokerage’s Brookdale Sale

Sales are still getting done at Senior Living Investment Brokerage, with Brad Clousing, Jeff Binder and Patrick Burke handling the sale of a 78-unit assisted living community in Northport, Alabama. In 2019, Mr. Clousing had also sold a 161-bed skilled nursing facility in Northport, so we’re sure that experience helped in this transaction.  Built in 1999, the community […]

Meridian Capital Group’s Impressive March Activity

Meridian Capital Group has had a productive start to the year, including an especially busy last few weeks. We imagine they gained some knowledge from closing deals during that period, which could not have been straightforward. So far in 2020, the group has arranged $563 million in financing for skilled nursing, assisted living and memory care […]

Creativcap Announces Sale and Several Loan Closings

It’s good to see business still getting done these days. Scott Kavel, Founder and Principal of Creativcap, took that to another level by announcing four transactions in the last week, including one sale and three loan closings. The transactions were likely nearly finalized before much of the mayhem started, but to close a deal in this environment is an accomplishment.  The sale included a […]