by Steve Monroe | May 16, 2019 3:58 pm | Financings
An established CCRC in Ridgeland, Mississippi is set to expand its memory care services with a loan provided by SunTrust Bank in hand. Opened in the mid-1980s, the community includes the full continuum of care from independent living and assisted living to... Read More »
by Steve Monroe | May 15, 2019 7:01 am | 60 Seconds, Opinion
There may be more than 14 million boomers that will not be able to afford seniors housing plus their health care needs. It is time to address the issue. We have been saying it for years. The largest unmet need in seniors housing is the bulging middle income cohort,... Read More »
by Steve Monroe | May 15, 2019 7:00 am | Acquisitions
Matthew Alley of Senior Living Investment Brokerage closed a couple of his transactions right in his wheelhouse in central Texas. That makes 107 seniors housing and long-term care assets sold in the Lone Star State for Mr. Alley. First, he sold a 174-bed skilled... Read More »
by Steve Monroe | May 14, 2019 1:37 pm | Acquisitions
The team at IPA Seniors Housing highlighted a CCRC’s highly desirable location in the affluent Washington, D.C. suburb of Fairfax, Virginia, to sell the asset to an affiliate of Focus Healthcare Partners. Andrew Hilding, Mark Myers and Joshua Jandris represented the... Read More »
by Steve Monroe | May 14, 2019 1:34 pm | Financings
CIT Group, through its Healthcare Finance business, served as sole lead arranger for a $64 million loan used to refinance three assisted living communities in Florida owned by the borrower, Virtus Real Estate Capital. Totaling more than 350 AL and memory care units,... Read More »