by Steph Mallozzi | Jun 7, 2024 3:12 pm | Acquisitions
Marcus & Millichap and Affordable Housing Advisors teamed up to facilitate the sale of an affordable seniors housing community in Campbell, California. After operating the community for over 30 years, the not-for-profit owner/operator chose to divest Corinthian... Read More »
by Steph Mallozzi | Jun 7, 2024 3:11 pm | Financings
Berkadia announced the financing and preservation of Jesse Jackson Jr. Senior Housing, a 120-unit affordable seniors housing community in Harvey, Illinois. James Grande secured the $17.6 million low-income housing tax credit equity investment on behalf of the sponsor,... Read More »
by Steph Mallozzi | Jun 6, 2024 3:34 pm | Acquisitions
Senior Living Investment Brokerage was engaged by SunLink Health Systems in its divestment of a skilled nursing facility in Houston, Mississippi. Built in 1969, the facility, Trace Extended Care & Rehab, features 66 beds in 50 units. SunLink sold this facility and... Read More »
by Steph Mallozzi | Jun 6, 2024 3:32 pm | Financings
John Knox Village is a large not-for-profit single-site provider of senior living services headquartered in Lee’s Summit, Missouri. JKV owns/operates a life plan community which, as of December 31, 2023, consisted of 948 marketable independent living units ranging... Read More »
by Steph Mallozzi | Jun 5, 2024 8:42 am | Acquisitions
CareTrust REIT funded $90 million of a senior mortgage loan in connection with the borrower’s acquisition of a eight-facility skilled nursing portfolio in the southeastern United States. The portfolio, comprising 1,011 skilled nursing beds and 150 assisted living... Read More »