Meridian Capital Group’s Senior Housing and Healthcare Team closed $310 million in transaction volume in May for a combination of 17 facilities in six states. These transactions were negotiated by Meridian’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson.
The team’s recent closings include a $169 million acquisition loan from a commercial bank and mezzanine lender for seven skilled nursing facilities comprising 1,112 beds in Maryland and New Jersey; a $34.2 million acquisition loan from a commercial bank for three skilled nursing facilities in Illinois totaling 515 beds; and a $31 million acquisition loan from a commercial bank along with a $3.5 million A/R line for a 260-bed skilled nursing facility in Minnesota.
They also sold two California properties consisting of 40 assisted living and 69 independent living units for $16.3 million, or $150,000 per unit, and arranged $14.3 million in financing from a commercial bank for the acquisition. Rounding out their recent activity, the team closed a $6.2 million acquisition loan from a commercial bank for a 115-bed skilled nursing facility in Illinois.
