by Steph Mallozzi | Aug 28, 2024 9:20 am | Financings
JLL Capital Markets secured $115 million in bridge financing for a seniors housing portfolio on behalf of Chicago Pacific Founders and Grand Park Capital. The refinance consists of a three-year, non-recourse loan, secured through Ally Bank to take out existing debt.... Read More »
by Steph Mallozzi | Aug 28, 2024 9:17 am | Acquisitions
Chad Wegner of Senior Care Realty experienced a busy July, closing four separate transactions involving several seniors housing assets. First, Wegner facilitated the sale of an assisted living portfolio comprising three communities. The seller was a mom & pop with... Read More »
by Steph Mallozzi | Aug 28, 2024 9:16 am | Acquisitions
Blueprint facilitated the sale of a CCRC in Grand Rapids, Michigan, on behalf of not-for-profit Samaritas. Following 50 years of providing senior care services, Samaritas has a renewed focus on creating a holistic service experience through four core areas of impact,... Read More »
by Steph Mallozzi | Aug 23, 2024 3:27 pm | Acquisitions
Legend Senior Living has assumed the management of a senior living community in the Philadelphia, Pennsylvania MSA. Built in 2023, Crescent Fields at Huntingdon Valley features 196 independent living, assisted living and memory care units. It stands three stories tall... Read More »
by Steph Mallozzi | Aug 23, 2024 8:47 am | Acquisitions
Newmark’s Seniors Housing Team facilitated the sale of a seniors housing community in Virginia. Built in 1988 and renovated in 2017, The Devonshire comprises 159 independent and assisted living units across two stories in the town of Hampton, near Newport News and... Read More »