by Steph Mallozzi | Apr 4, 2024 4:35 pm | Acquisitions
CareTrust REIT, Inc. announced that it purchased three CCRCs in Los Angeles, Orange and San Diego counties. Together, the communities comprise 475 assisted living, skilled nursing and memory care beds/units. The incoming operator for each is Bayshire Senior... Read More »
by Steph Mallozzi | Apr 4, 2024 4:34 pm | Acquisitions, Financings
CBRE Capital Markets secured acquisition financing for a seniors housing community in Ponte Vedra Beach, Florida, on behalf of Starling, a regional senior living development and management company based in Jacksonville, Florida. Built in 2015, Starling at Ponte Vedra... Read More »
by Steph Mallozzi | Apr 2, 2024 5:33 pm | Financings
Capital Funding Group announced the closing of two HUD loans totaling $17.4 million, which supported the refinancing of two skilled nursing facilities in Florida. The facilities feature a total of 261 beds. The financing was on behalf of a nationally recognized... Read More »
by Steph Mallozzi | Mar 28, 2024 3:29 pm | Acquisitions
Marcus & Millichap was brought on by a limited liability company in the sale of a skilled nursing facility in Topeka, Kansas, that was under receivership. The facility, Providence Living Center, comprises 78 beds across 24,000 square feet and focuses on senior... Read More »
by Steph Mallozzi | Mar 28, 2024 3:28 pm | Financings
SLR Healthcare ABL announced that it secured financing for a 160-bed skilled nursing facility. The asset-based revolving line of credit amounted to $4.0 million, and this was the only debt for the borrower, which leases the facility from a related property company... Read More »