by Steph Mallozzi | Mar 27, 2024 9:10 am | Acquisitions
Berkadia was engaged in the divestment of an assisted living and memory care community in Barrington, Illinois. The Berkadia Seniors Housing Team, led by Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders, closed the transaction on behalf of a publicly traded... Read More »
by Steph Mallozzi | Mar 27, 2024 9:09 am | Financings
Capital Funding Group closed two HUD loans totaling $13.55 million to support the refinancing of two skilled nursing facilities. Both facilities are in Illinois, and together they comprise 173 beds. No other details surrounding the financing were disclosed. This... Read More »
by Steph Mallozzi | Mar 27, 2024 9:08 am | Financings
CBRE secured bridge financing for two seniors housing communities in western Pennsylvania. Aron Will and Tim Root arranged a non-recourse loan with a sub-300 spread through a regional bank. The borrower was CPF Living Communities. Built in 2017, The Residence at... Read More »
by Steph Mallozzi | Mar 22, 2024 2:46 pm | Acquisitions
Commonwealth Senior Living recently acquired a seniors housing community near Grand Rapids, Michigan. This marks the third community for Commonwealth in the Grand Rapids area. Redico and American House Senior Living Communities purchased the community in January 2020.... Read More »
by Steph Mallozzi | Mar 22, 2024 2:44 pm | Acquisitions
Orion Real Estate Partners acquired a seniors housing community in Utah from Tablerock Capital. Built in 1998, Meridian Heights features 96 units in Sandy. The units comprise one- and two-bedroom floor plans that range from 838 to 1,004 square feet. Danny Shin and... Read More »