by Steve Monroe | Nov 14, 2018 7:01 am | Financings
One of Watercrest Senior Living Group’s success stories just reached stabilization and refinanced with the help of Chris Fenton of PGIM Real Estate Finance. Developed at an approximate cost of $17 million, or $191,000 per unit, in Sebastian, Florida, the 89-unit... Read More »
by Steve Monroe | Nov 13, 2018 3:58 pm | Financings
KeyBank Real Estate Capital is not slowing down after they claimed the top spot for HUD Lean volume in FY2018, going back to a portfolio of four skilled nursing facilities to arrange a HUD refinance. The facilities were part of a nine-SNF portfolio acquired by... Read More »
by Steve Monroe | Nov 9, 2018 7:03 am | Opinion
We are always looking for a glimmer of optimism in the quarterly earnings reports for publicly traded seniors housing and care companies, and sometimes we find it. One only has to look at The Ensign Group, which has a mix of skilled nursing and seniors housing.... Read More »
by Steve Monroe | Nov 9, 2018 7:02 am | Acquisitions
Only three years after buying a senior living community in Park Ridge, Illinois (Chicago MSA), Capitol Seniors Housing (CSH) is selling at a premium. Originally built as a hotel in 1962 but converted to senior living in 1986, this property includes 154 units of... Read More »
by Steve Monroe | Nov 9, 2018 7:01 am | Acquisitions, Financings
Greystone’s Fred Levine successfully refinanced two skilled nursing facilities in Jackson, Tennessee. Greystone had actually provided the bridge loans used to fund the facilities’ acquisition in 2016 by a private Tennessee-based individual. The buyer had been leasing... Read More »