by Steph Mallozzi | Oct 11, 2024 3:32 pm | Financings
BMO’s Healthcare Real Estate Finance group acted as the lead arranger and administrative agent on a term loan refinancing for an intergenerational community in Minneapolis, Minnesota, on behalf of Harrison Street and Oppidan. Built in 2020, The Pillars of Prospect... Read More »
by Steph Mallozzi | Oct 11, 2024 3:31 pm | Acquisitions
Blueprint facilitated the sale of a standalone memory care community in a part of Colorado with limited local competition and affluent wealth demographics. Built in 2016, the community comprises 50 private studio apartments with in-unit bathrooms in Grand Junction. At... Read More »
by Steph Mallozzi | Oct 11, 2024 3:30 pm | Financings
Ziegler announced the closing of Convivial St. Petersburg, LLC’s Series 2024 revenue bond anticipation notes. The Series 2024 notes are comprised of $23.4 million of tax-exempt Series 2024A notes sold publicly to institutional investors and a total of $6 million of... Read More »
by Steph Mallozzi | Oct 10, 2024 3:19 pm | Opinion
After Brookdale Senior Living finally topped 80% in month-end occupancy in August, reaching 80.4%, the company reported 80.5% in month-end occupancy for September, indicating weaker momentum going into Q4 compared to prior years. We said improvements would need to be... Read More »
by Steph Mallozzi | Oct 10, 2024 10:37 am | Financings
Live Oak Bank has been actively lending this Fall, so far, announcing three closings in recent weeks. The bank first closed a $13.5 million bridge loan for Bakerson Companies. The bridge-to-agency loan features a three-year initial term and 24 months of interest-only... Read More »