by Julia DiRubbo | Jun 25, 2021 10:16 am | Financings
After already closing over $530 million of HUD loans in Louisiana, Sims Mortgage Funding is returning to the state to refinance Metairie Manor, nearly a decade after previously refinancing the property. Metairie Manor is a 287-unit, Section 8 funded, affordable senior... Read More »
by Julia DiRubbo | Jun 25, 2021 9:57 am | Financings
Cambridge Realty Capital Companies has provided a $3.11 million HUD loan to Maple Creek of Lakewood, a 75-bed assisted living facility located in Lakewood, Washington. The fully amortized, 30-year loan was provided for the Oregon-based owner’s managing members, Maple... Read More »
by Julia DiRubbo | Jun 22, 2021 10:10 pm | Developments, Financings
Friendsview, a Quaker-affiliated not-for-profit CCRC in Newburg, Oregon, is set to break ground on a new expansion and redevelopment project next month. To fund the project, the Type-A, entrance-fee-based community is set to receive $124.22 million in funding from... Read More »
by Julia DiRubbo | Jun 21, 2021 11:40 am | Acquisitions
As Covid-19 has led to overall decreases in senior housing occupancy levels, Sherer Management joined several of its peers by closing down its multigenerational family business with the sale of its last two CCRCs in Iowa. These properties include a... Read More »
by Julia DiRubbo | Jun 18, 2021 9:54 am | Acquisitions
Blueprint Healthcare Real Estate Advisors is breaking into the realm of medical office building acquisitions after proving itself as an active dealmaker in seniors housing brokerage. Late last year, Blueprint hired Eric Lee and Chris Lashmet, two veterans in the MOB... Read More »