by Steve Monroe | Apr 11, 2019 2:23 pm | Financings
Five years have passed since Greystone arranged a $54.5 million acquisition bridge loan for SentosaCare to purchase a 280-bed skilled nursing facility in Southampton, New York. That means it’s time for a refinance, which Fred Levine obliged by arranging a $58.8... Read More »
by Steve Monroe | Apr 10, 2019 7:02 am | 60 Seconds, Opinion
Skilled nursing facilities are closing at an alarming rate, so should we be worried about a shortage of beds in 10 years? There have been a lot of reports in the media recently about skilled nursing facilities closing down, just shutting their doors, and this is not... Read More »
by Steve Monroe | Apr 10, 2019 7:01 am | Acquisitions, Financings
The Springs Living successfully recapitalized its exiting equity partner, Harrison Street Real Estate Capital, in a couple of senior living communities with the help of a bank loan secured by Aron Will, Austin Sacco and Adam Mincberg of CBRE National Senior Housing.... Read More »
by Steve Monroe | Apr 10, 2019 7:00 am | Acquisitions
Knapp Group Seniors Housing Advisors of Marcus & Millichap closed a couple of sales around the Great Lakes. First, Jim and Justin Knapp teamed up to represent a local owner in their sale of an assisted living community in southeast Michigan, exactly 11 years after... Read More »
by Steve Monroe | Apr 9, 2019 2:08 pm | Financings
KeyBank Real Estate Capital arranged a first mortgage through Fannie Mae on behalf of a Sunrise Senior Living property in Leominster, Massachusetts. Originally built in 1996 with 48 assisted living units, the property added 23 memory care units in 1999 and converted... Read More »