by Julia DiRubbo | Jul 14, 2021 4:54 pm | Acquisitions
In 2017, a small town in Illinois took a rare step to build the only county-funded assisted living community in the state. Now, The Lodge at Manito in Manito, Illinois is being sold to Tutera Senior Living & Health Care — a private diversified health care... Read More »
by Julia DiRubbo | Jul 13, 2021 2:18 pm | Financings
Dwight Capital financed $234.15 million in seniors and healthcare financings during the second quarter. Dwight first closed a $94.3 million HUD loan for The Village at Gainesville, a large (and we mean large) senior living community located in Gainesville, Florida.... Read More »
by Julia DiRubbo | Jul 13, 2021 12:57 pm | Financings
KeyBank Real Estate Capital secured $105.9 million in financing to recapitalize a portfolio of six assisted living/memory care communities operating under the Heartis brand, on behalf of their owner, Caddis Partners. The financing structure consists of an $80 million... Read More »
by Julia DiRubbo | Jul 13, 2021 11:55 am | Financings
Greystone is back at it again, this time providing $36.5 million in HUD financing for three skilled nursing facilities in North Carolina. The deal takes out acquisition bridge debt that Greystone had previously arranged on behalf of the borrower for these facilities,... Read More »
by Julia DiRubbo | Jul 2, 2021 8:11 am | Developments
Construction is underway at The Outlook at the Exchange, an active adult community in Buford, Georgia. The 200,000-square-foot, four-story community will offer 180 residential units. The community will be part of Fuqua Development’s Exchange at Gwinnett, a $350... Read More »