by Steve Monroe | Aug 24, 2018 7:01 am | Developments, Financings
As a newly developed assisted living/memory care community in Fresno, California, continues its march towards stabilization, its owners refinanced the existing construction loan with the help of Dekel Capital. The Los Angeles-based real estate merchant bank placed a... Read More »
by Steve Monroe | Aug 24, 2018 7:00 am | Financings
Family-owned senior living operator Runk & Pratt secured a $13.2 million HUD loan to refinance its assisted living community in Lynchburg, Virginia. Thanks to a connection to the owners through David Wilt, market president of SunTrust Corporate & Commercial... Read More »
by Steve Monroe | Aug 23, 2018 12:17 pm | Financings
With $10.38 million in financing secured by two of Monticello Asset Management’s investment vehicles, an experienced borrower acquired a 139-bed skilled nursing facility in Tennessee. The target consists of a 50-bed short-term rehabilitation unit in addition to an... Read More »
by Steve Monroe | Aug 22, 2018 7:02 am | 60 Seconds, Acquisitions, Opinion
Brookdale Senior Living has agreed to sell its trophy community in New York City at a record price to Ventas, but will keep the management. Anyone who heard former Brookdale Senior Living CEO Mark Schulte address the ASHA annual meeting in the aftermath of 9/11 will... Read More »
by Steve Monroe | Aug 22, 2018 7:01 am | Acquisitions
We’ve been saying this since 2014, but it seems to be a good time to sell a seniors housing property. Prices are still near record highs in the assisted living market, at $221,250 per unit in 2017, according to the 23rd Edition of The Senior Care Acquisition Report.... Read More »