by Steph Mallozzi | Feb 6, 2025 4:03 pm | Acquisitions
A couple of California seniors housing communities changed hands as part of a larger divestment strategy for the national developer/investor seller. Before the pandemic, that entity had purchased more than a dozen geographically disparate, older-vintage communities.... Read More »
by Steph Mallozzi | Feb 6, 2025 4:02 pm | Acquisitions
Daniel Morris of Plains Commercial Real Estate facilitated the sale of a seniors housing community in Sterling, Illinois. Built in 2001, Avonlea Cottage Assisted Living comprises 30 assisted living units and was being sold as part of a receivership process. The... Read More »
by Steph Mallozzi | Feb 6, 2025 4:02 pm | Acquisitions
Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties sold a skilled nursing portfolio in Ohio before the end of January. This brings the team’s total number of facilities sold in the month of January to 20. The portfolio features six SNFs comprising 536 beds,... Read More »
by Steph Mallozzi | Feb 6, 2025 4:00 pm | Financings
Christopher Fenton and Catherine Eby of Colliers Mortgage, in partnership with Health Financing Consultants, closed a $10.4 million HUD loan for the refinance of The Cottages of Perry Hall in Parkville, Maryland. The 64-unit seniors housing community features private... Read More »
by Steph Mallozzi | Feb 6, 2025 3:59 pm | Financings
Forbright Bank closed a $44.2 million HUD loan for a skilled nursing, assisted living and memory care facility in California. The financing, provided under the HUD 232/223(f) program, will support a 318-bed facility in the San Jose area. The loan was closed in... Read More »