by Steve Monroe | Oct 30, 2018 12:22 pm | Acquisitions, Financings
A large skilled nursing portfolio in New Jersey sold thanks to financing provided by two of Monticello Asset Management’s investment vehicles. The $69 million bridge financing is comprised of $65 million in first lien debt and a $4 million working capital loan, which... Read More »
by Steve Monroe | Oct 29, 2018 12:15 pm | Acquisitions
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice The Reliant GroupThe Windham Senior LivingN/A Legacy HealthcareAdvocate Sherman West Court$5 million Not-for-profit organizationRose Apartments$2 million Alternative Living... Read More »
by Steve Monroe | Oct 26, 2018 7:03 am | Financings
The team at Meridian Capital Group just hit $1.0 billion in seniors housing and health care financings so far this year. That impressive haul is spread across more than 40 transactions in 16 states. Most recently, the team, led by Ari Adlerstein, Ari Dobkin and Josh... Read More »
by Steve Monroe | Oct 26, 2018 7:02 am | Financings
Nearly four years after it acquired a 66-unit assisted living community in Portage, Wisconsin (Madison MSA), SHA Capital Partners’ efforts were rewarded when it refinanced and earned a 30.0% IRR and 2.25x equity multiple for its primary equity partner. When SHA and... Read More »
by Steve Monroe | Oct 26, 2018 7:01 am | Acquisitions, Financings
A large strategic seniors housing investor teamed up with a regional operator to acquire an assisted living/memory care community in Bellevue, Washington (Seattle MSA). Altum Senior Living will take over management and oversee a renovation to the community. To fund... Read More »