by Steph Mallozzi | Aug 9, 2024 2:27 pm | Uncategorized
Cushman & Wakefield hired Matthew Yance as a Director for the firm’s Valuation & Advisory group as part of the senior living and care specialty practice. Based out of the firm’s New York office, Yance will focus on institutional valuations and market studies... Read More »
by Steph Mallozzi | Aug 8, 2024 6:30 pm | Acquisitions
Berkadia announced the sale of a Class-A, active adult community in Greenville, South Carolina. Built in 2022, The Aspens Verdae sits within the 1,100-acre master-planned Verdae neighborhood and comprises 159 one-bedroom and two-bedroom apartments. Cody Tremper, Mike... Read More »
by Steph Mallozzi | Aug 8, 2024 6:27 pm | Financings
CIBC Bank USA and a Greystone Monticello affiliate, along with other co-lenders, recently provided 980Investments, owned by Simcha Hyman and Naftali Zanziper, with $137.0 million in total financing. The credit facilities were used to refinance a North Carolina... Read More »
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 »