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 »
by Steph Mallozzi | Aug 7, 2024 8:24 am | Financings
CBRE arranged a refinance for a Class-A active adult community in the Atlanta, Georgia MSA, on behalf of a joint venture between Capitol Seniors Housing and Bain Capital Real Estate. Built in 2023, Outlook Gwinnett features 180 units within an 89-acre, master-planned... Read More »