by Steph Mallozzi | Jul 19, 2024 3:40 pm | Uncategorized
Grace Management announced the addition of three seniors housing communities to its management portfolio. The communities include The Pointe at Meridian, Snow Canyon Retirement Community, and Cave Creek Assisted Living. Each will continue to be owned by Gold Stream... Read More »
by Steph Mallozzi | Jul 19, 2024 9:34 am | Uncategorized
Midwest Christian Villages, dba Christian Horizons, and its related companies filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Christian Horizons is one of the nation’s largest not-for-profit, faith-based organizations... Read More »
by Steph Mallozzi | Jul 19, 2024 9:32 am | Acquisitions, Financings
Berkadia was engaged by a publicly traded REIT in its divestment of an 85-unit assisted living/memory care community in Alpharetta, Georgia. The property, part of a three-property portfolio, was purchased by a regional owner/operator. The first two properties in the... Read More »
by Steph Mallozzi | Jul 19, 2024 9:28 am | Financings
Capital Funding Group closed a $23.6 million bridge-to-HUD loan, which supported the refinancing of an existing bridge loan executed by CFG. The deal supported a 169-bed skilled nursing facility in Delaware. CFG closed the deal June 27, 2024, on behalf of a nationally... Read More »
by Steph Mallozzi | Jul 16, 2024 1:54 pm | Acquisitions, Financings
JLL Capital Markets arranged the sale of a senior living community in Vancouver, Washington (Portland MSA). Built in 1989 and expanded in 1994, Van Mall Retirement comprises 191 independent and assisted living units available in one- and two-bedroom layouts. Jay... Read More »