by Steve Monroe | Jun 14, 2019 2:30 pm | Financings
Contemporary Healthcare Capital (CHC) announced that it provided mezzanine financing for Cascade Capital Group’s large portfolio acquisition of Upper Midwest senior care facilities from last month. The portfolio sale included five skilled nursing facilities and two... Read More »
by Steve Monroe | Jun 14, 2019 7:02 am | Acquisitions
De Paul Health Care sold three of its Philadelphia-area skilled nursing facilities, leaving the New Jersey-based provider with four SNFs in its portfolio, in addition to its existing medical office building and residential community businesses. Mark Myers and Joshua... Read More »
by Steve Monroe | Jun 14, 2019 7:01 am | Financings
Utilizing its balance sheet lending program, Live Oak Bank closed two conventional loans on behalf of senior living clients. Adam Sherman led the way on both transactions. The first was arranged for a to-be-built assisted living/memory care community in Mason, Ohio... Read More »
by Steve Monroe | Jun 14, 2019 7:00 am | Acquisitions
Sioux Falls, South Dakota-based The Evangelical Lutheran Good Samaritan Society exited two of its senior care facilities in the Phoenix area with the help of Amy Sitzman of Blueprint Healthcare Real Estate Advisors. If this deal looks familiar, it’s because The Ensign... Read More »
by Steve Monroe | Jun 13, 2019 1:17 pm | Financings
With bank financing arranged by HJ Sims in hand, a CCRC in West Chester, Pennsylvania is set to rebuild after a 2017 fire destroyed its main building and also killed four residents. The Barclay Friends community, affiliated with The Kendal Corporation, had moved most... Read More »