by Steph Mallozzi | Jul 11, 2024 11:26 am | Acquisitions
The Zett Group was engaged by an owner/operator in the divestment of a seniors housing community it had owned for 33 years in Central Washington. The community comprises 60 units of assisted living and memory care. The buyer was an owner/operator based out of... Read More »
by Steph Mallozzi | Jul 11, 2024 11:25 am | Acquisitions
JLL arranged the sale of two seniors housing communities in the Detroit, Michigan MSA. JLL represented the seller and procured the joint venture buyer, spearheaded by MedCore Partners. American House Senior Living Communities assumed management of both... Read More »
by Steph Mallozzi | Jul 11, 2024 11:24 am | Financings
Pace Loan Group closed a $7.1 million PACE loan on a 134-unit new construction, market-rate senior living community in St. Francis, Minnesota. The 20-year loan complements a $30 million qualified tax-exempt loan on the project using Series 2023A bonds with Sunrise... Read More »
by Steph Mallozzi | Jul 10, 2024 8:45 am | Acquisitions
Blueprint was brought in in the divestment of a skilled nursing facility in Ohio. Purpose-built in 2015 as a transitional care facility in a northeastern suburb of Akron, the SNF comprises 80 beds and presents numerous paths to stabilization with strong fundamentals... Read More »
by Steph Mallozzi | Jul 10, 2024 8:43 am | Acquisitions
Berkadia was engaged by Indianapolis-based Leo Brown Group in its divestment of two Class-A seniors housing communities in strong submarkets in Indiana and Ohio. The properties demonstrate robust operating performance with impressive margins, top-line revenue and high... Read More »