by Steve Monroe | Sep 5, 2018 7:00 am | Acquisitions
Senior Living Investment Brokerage’s Brad Clousing helped a private fund divest an assisted living/memory care community in Marietta, Georgia that did not fit into its geographic criteria. Built in 1995, the 56-unit community was just 59% occupied and operated at a... Read More »
by Steve Monroe | Sep 4, 2018 4:18 pm | Acquisitions, Financings
The CBRE team showed their strength in their latest two transactions. First, it was announced that not only did Lisa Widmier represent a publicly-traded REIT in its sale of a 120-unit assisted living community in Sterling Heights, Michigan to Chicago Pacific Founders,... Read More »
by Steve Monroe | Aug 31, 2018 7:02 am | Financings
Showing off its versatility, Live Oak Bank facilitated acquisition financing for two separate, and very different, transactions. First, the bank provided a cash flow balance sheet loan to support a partner buy-out at Frontier Management. Formation Capital had owned a... Read More »
by Steve Monroe | Aug 31, 2018 7:01 am | Acquisitions
A county-owned skilled nursing facility in Fremont, Ohio may see a brighter future under its new private owner, which acquired the property for $2 million, or just $24,400 per bed. The three-story, 82-bed facility was built in 1965 and expanded in 1989. But age was... Read More »
by Steve Monroe | Aug 31, 2018 7:00 am | Acquisitions
Chicago Pacific Founders just made its fifth acquisition of the year (all since the start of April), after just three (disclosed) deals in both 2017 and 2016. The newest addition is an independent/assisted living community located in Sterling Heights, Michigan... Read More »