by Steph Mallozzi | Dec 11, 2024 8:22 am | Acquisitions
CareTrust REIT, Inc. acquired a 46-facility, 3,820-bed/unit senior care portfolio in the Midwest for a total investment amount of approximately $97 million (inclusive of transaction costs), or $25,000 per bed/unit. Seven of the 46 facilities are skilled nursing and... Read More »
by Steph Mallozzi | Dec 11, 2024 8:21 am | Acquisitions
Phorcys Capital Partners, an asset manager focused on distressed debt and equity investments in assets that were financed by municipal bonds, recently divested a seniors housing community in Greensboro, Georgia, after a little more than one year of ownership. Built in... Read More »
by Steph Mallozzi | Dec 11, 2024 8:16 am | Financings
BMO’s Healthcare Real Estate Finance group closed on a $57.8 million credit facility to a joint venture between ReNew REIT and Heritage Senior Living for the recapitalization of existing debt on Keystone Villa at Douglassville, a Class-A seniors housing community in... Read More »
by Steph Mallozzi | Dec 9, 2024 8:14 am | Acquisitions
Berkadia announced the sale of three seniors housing communities offering assisted living and memory care services in the Chicago and Milwaukee MSAs. Berkadia Seniors Housing & Healthcare, led by Managing Directors Ross Sanders, Dave Fasano, Cody Tremper and Mike... Read More »
by Steph Mallozzi | Dec 9, 2024 8:09 am | Acquisitions
Evans Senior Investments arranged the sale of a skilled nursing facility in Dresden, Tennessee, on behalf of the Weakley County Commission. Originally built in 1958 with expansions over the years, Weakley County Rehabilitation and Nursing Center features 136 beds and... Read More »