About Ben Swett

Articles Written by Ben Swett

Wolff eyes seniors housing

by | Nov 24, 2015 7:11 pm | Developments, Financings

Another major multifamily developer is getting into the seniors housing industry. In the past year, we have seen a number of either private equity groups or real estate developers, all with experience in the multifamily market but not so much in seniors housing, dip... Read More »

The long road to HUD

by | Nov 23, 2015 7:26 pm | Financings

A senior living community with a troubled financial past recently refinanced its debt with HUD via a $13.3 million loan. But how did it both sink so low and then turn around to be viable for a HUD refinance? Built in 2005, this 112-unit community, with independent... Read More »

From fixing to building

by | Nov 20, 2015 8:32 am | Developments, Financings

A company with extensive experience in turning around struggling senior living communities is now developing its first property and is pulling together all manner of financing sources in its capital stack. Solutions Advisors, which got its start in 2010 advising... Read More »

Funding the mission

by | Nov 20, 2015 8:30 am | Acquisitions, Financings

Looking to refinance its outstanding debt, fund a renovation project and acquisition, and create a long-term financing plan with a reduced interest rate, nonprofit senior care operator Wellspring Lutheran Services enlisted the help of HJ Sims to close both a taxable... Read More »

High priced in Omaha

by | Nov 19, 2015 5:40 pm | Acquisitions

Chris Barnet of Colliers International’s Seniors Housing Group represented the owner in the sale of their 44-bed skilled nursing facility in Omaha, Nebraska. The buyer, Carter Validus Mission Critical REIT II, paid approximately $13 million, or about $295,500 per bed,... Read More »