by Ben Swett | Feb 18, 2025 3:28 pm | Acquisitions
A Sunrise Senior Living-operated assisted living community in Franklin Lakes, New Jersey, found a new owner with the help of the Seniors Housing team and the New Jersey team at JLL Capital Markets. Built in 2021, Sunrise of Franklin Lakes offers 51 assisted living and... Read More »
by Ben Swett | Feb 18, 2025 3:28 pm | Acquisitions
An Ohio-based owner/operator engaged Evans Senior Investments to sell a portfolio of skilled nursing facilities in the greater Akron area. The owner had been looking to recycle capital and successfully sold the three properties consisting of 249 skilled nursing beds... Read More »
by Ben Swett | Feb 18, 2025 3:26 pm | Acquisitions
Tutera Senior Living & Health Care announced its latest acquisition involving a 75-unit assisted living/memory care community in Matteson, Illinois. Built in 2021 for a cost of around $21 million, or $280,000 per unit, the community formerly operated under the... Read More »
by Ben Swett | Feb 13, 2025 2:53 pm | Financings
KeyBank Community Development Lending and Investment (CDLI) provided construction financing to a to-be-built affordable seniors apartment community in Pittsburgh, Pennsylvania. The package consisted of a $27 million construction loan and a $14.4 million private... Read More »
by Ben Swett | Jan 28, 2025 4:06 pm | Acquisitions, Financings
JD Stettin of Carnegie Capital announced his fourth quarter financing activity, which included acquisition loans closed for four skilled nursing facilities in Texas. Two facilities were located in the northern part of the state, and the other two were near the Mexican... Read More »