About Ben Swett

Articles Written by Ben Swett

Reposition and refinance

by | Dec 11, 2015 8:30 am | Developments, Financings

HJ Sims recently helped Cross Keys Village, the ninth-largest single-site not-for-profit CCRC in the country, obtain two bank loans, totaling $42.5 million, in order to both refinance a bridge line of credit and fund an expansion of its campus. Founded in 1908, the... Read More »

Improving senior care facility sells

by | Dec 10, 2015 8:08 pm | Acquisitions

With a stable occupancy and rising Medicare revenues, a 94-bed skilled nursing and memory care facility in Lawrenceburg, Indiana represented a good opportunity for a local undisclosed buyer to both cash in on the 19% operating margin, and improve it. Originally built... Read More »

The Santa Stock Rally Is Stalling

by | Dec 9, 2015 8:32 am | 60 Seconds, Opinion

We were supposed to see stocks rise this month, but so far the market is down as are seniors housing stocks. So what happened to the Santa rally? While we still have a few weeks to go before the end of the year, the markets have been sinking, and almost all seniors... Read More »

Greystone closes over $210 million

by | Dec 9, 2015 8:31 am | Financings

Greystone has been relatively quiet in the press over the last few months, but the lender was of course hard at work. Across 11 transactions (all previously unannounced since August 2015), the lender closed over $210 million in seniors housing lending transactions.... Read More »

Avanti continues its growth

by | Dec 9, 2015 8:30 am | Developments

A relatively new developer in seniors housing, but founded by owners (Lori Alford and Tim Hekker) with plenty of experience in the industry, Avanti Senior Living is continuing its development pipeline, announcing its next project in Covington, Louisiana. Designed with... Read More »