by Steve Monroe | Dec 20, 2018 4:02 pm | Acquisitions
Ownership of a luxury senior living community in Marlboro, New Jersey flipped from one private equity firm to another. Developed by Capitol Seniors Housing and joint venture partners Formation Development Group and Shelbourne Capital several years ago, the 79-unit... Read More »
by Steve Monroe | Dec 19, 2018 7:02 am | 60 Seconds, Opinion
‘Twas the night before NIC… ‘Twas the night before NIC And all through the building Not a broker was stirring. Not even brothers Hilding Multifamily developers had forgotten to take their meds While visions of loose money danced in their... Read More »
by Steve Monroe | Dec 19, 2018 7:01 am | Acquisitions
Birchwood Healthcare Partners is making a successful exit from their skilled nursing/assisted living facility in Huntington, West Virginia, more than doubling the facility’s value after just three years of ownership. When Birchwood originally purchased the 55-bed/unit... Read More »
by Steve Monroe | Dec 19, 2018 7:00 am | Financings
Berkadia combined both fixed and variable rate debt in their latest transaction closed on behalf of Brookdale Senior Living. Using Freddie Mac’s new Structured Pool Transaction program, Heidi Brunet and Lisa Lautner secured 10-year, non-recourse financing with a... Read More »
by Steve Monroe | Dec 18, 2018 4:07 pm | Financings
HJ Sims met Phoebe Ministries’ capital needs with a taxable financing provided by Citizens Bank. A not-for-profit senior care provider with locations in seven Pennsylvania counties, Phoebe Ministries recently purchased a 38-acre property in Emmaus (near Allentown) to... Read More »