by Steph Mallozzi | Dec 27, 2024 3:11 pm | Acquisitions
Strawberry Fields REIT entered into a purchase and sale agreement with an unaffiliated seller for six senior care properties in Kansas. The purchase price is $24 million, or $68,000 per bed, payable at closing. The six properties include five skilled nursing... Read More »
by Steph Mallozzi | Dec 26, 2024 2:38 pm | Acquisitions
Senior Care Realty was engaged by a mom & pop in their divestment of a seniors housing community in the Kansas City, Missouri MSA. This was their only long-term care property and they are selling to enter retirement. Built in 1995 in several stages by the seller,... Read More »
by Steph Mallozzi | Dec 26, 2024 2:36 pm | Acquisitions, Financings
CIBC Bank USA provided a $16 million acquisition financing term loan and a $2 million working capital revolving line or credit for a portfolio of skilled nursing facilities in Vermont. Historical performance trended positively over the last year, as the facilities... Read More »
by Steph Mallozzi | Dec 26, 2024 2:35 pm | Financings
CBRE National Senior Housing closed a HUD 232/223(f) refinance for Cordia at Grand Traverse Commons on behalf of a joint venture between Cordia Senior Living and Cypress Partners. CBRE had previously arranged financing for the community in 2017 and 2021. Cordia at... Read More »
by Steph Mallozzi | Dec 26, 2024 2:34 pm | Financings
Ziegler closed a $33.78 million tax-exempt bond issue for Christwood, a Louisiana-based not-for-profit. The Series 2024 bonds were issued through the Louisiana Local Government Environmental Facilities and Community Development Authority and are not rated. Christwood... Read More »