by Steph Mallozzi | Aug 8, 2024 6:26 pm | Financings
Ziegler announced the closing of Sunset Manor Inc.’s $52.1 million Series 2024A and Series 2024B bonds through the Public Finance Authority. Sunset Manor is a 501(c)(3) organization that owns and operates four facilities in Jenison, Grandville and Grand Haven,... Read More »
by Steph Mallozzi | Aug 7, 2024 8:27 am | Acquisitions, Financings
Building on its active investment year, so far, CareTrust REIT announced a major loan origination in the form of a $260 million senior mortgage loan and a $43 million preferred equity investment in connection with the borrower’s acquisition of a 37-facility skilled... Read More »
by Steph Mallozzi | Aug 7, 2024 8:24 am | Financings
CBRE arranged a refinance for a Class-A active adult community in the Atlanta, Georgia MSA, on behalf of a joint venture between Capitol Seniors Housing and Bain Capital Real Estate. Built in 2023, Outlook Gwinnett features 180 units within an 89-acre, master-planned... Read More »
by Steph Mallozzi | Aug 7, 2024 8:22 am | Acquisitions, Financings
Capital Funding Group closed two bridge loans that support two seniors housing communities. The loans total $23.45 million and the communities are in Florida and Michigan. The first transaction closed in June, and the second in July. On June 27, CFG closed an... Read More »
by Steph Mallozzi | Aug 7, 2024 8:20 am | Acquisitions
Community First Solutions acquired a seniors housing community in Beavercreek, Ohio. Built in 2019, HarborChase of Beavercreek features 64 assisted living and 46 memory care units across 122,000 square feet. The community will be rebranded as The Patterson. This... Read More »