• Superior Living Foundation Acquires SNF Portfolio in Texas

    by | Mar 21, 2025 3:30 pm | Acquisitions

    Superior Living Foundation, Inc., a Maryland-based nonstock, not-for-profit organization focused on providing affordable inpatient and outpatient healthcare, residential, and housing services to vulnerable populations, completed the acquisition of 14 skilled nursing facilities in eastern Texas. The transaction was valued at approximately $250.2... Read More »

  • Connecticut SNF Secures Bridge Loan

    by | Mar 21, 2025 3:12 pm | Financings

    Greystone provided a $33 million bridge loan to refinance a 190-bed skilled nursing facility in Connecticut. The facility provides long-term care and rehabilitation, Alzheimer’s and dementia care, wound care & IV therapy, and therapeutic recreation. The bridge loan carries a two and a half year term with an extension option, and the borrower... Read More »

  • CCHI Acquires and Repurposes MC Community

    by | Mar 21, 2025 2:49 pm | Acquisitions

    Blueprint was engaged by a public REIT in its divestment of a seniors housing community in Highland Park, Illinois, that was vacant at the time of sale. A not-for-profit organization, The Collaborative Community Housing Initiative, acquired the memory care community. CCHI will transform the community into a 45- to 50-unit co-living space for... Read More »

  • Westminster Secures Bond Financing

    by | Mar 21, 2025 1:32 pm | Financings

    Ziegler announced the closing of Westminster’s $83.94 million Series 2025 bonds issued through the New Hope Cultural Education Facilities Finance Corporation. Westminster is a Texas-based not-for-profit organization that owns Westminster, a CCRC in Austin. The CCRC sits on nine acres and includes 367 independent living, 36 assisted living and 38... Read More »

  • Focus Healthcare Partners Acquires in Oklahoma

    by | Mar 21, 2025 8:13 am | Acquisitions

    Focus Healthcare Partners acquired a seniors housing community in Tusla, Oklahoma. Originally built in 2016 as an active adult community by Avenida Partners and Carlyle Group, Cedarhurst of Woodland Hills is an independent living community with 140 units. The community has been rebranded as The Cedars at Woodland Hills, with 12 Oaks brought in to... Read More »
Big Bronx SNF Gets Big HUD Financing

Big Bronx SNF Gets Big HUD Financing

by | Jun 24, 2019 7:00 am | Financings

A large skilled nursing facility in the Bronx just received one of the largest HUD loans ever on a single building in the agency’s history, totaling $104 million. Berkadia Commercial Mortgage arranged the refinance, with Mark Zafrin and Mark Frimmel of Michelman & Robinson, LLP representing the borrower, 3155 Grace Avenue Trust (a Delaware Statutory Trust) in the transaction. The transaction was also HUD’s first with a DST borrower under the Section 232 program. Totaling 524 beds, this skilled nursing facility, which occupies an entire city block in the Bronx, was completely renovated by its not-for-profit owner in 2006 and then purchased by a private investor group in 2013. In that... Read More »