by Steve Monroe | May 31, 2018 2:24 pm | Financings
Cambridge Realty Capital left its comfort zone of financing skilled nursing facilities, arranging a $32.7 million HUD-insured loan that was funded by tax-exempt bonds, with owner’s equity facilitated by low-income housing tax credits. The combination refinanced... Read More »
by Steve Monroe | May 30, 2018 9:41 am | 60 Seconds, Opinion
Are we really doing enough for our veterans in senior living? I hope you all had a relaxing and enjoyable Memorial Day weekend. I was able to get away for a bit, but senior living is never far from my mind. With Memorial Day just two days ago, I thought it would be... Read More »
by Steve Monroe | May 30, 2018 9:32 am | Financings
A transaction can’t get done without the financing, so the partners at Senior Living Investment Brokerage have formed Monarch Advisors LLC to help seniors housing and care owners and operators raise capital when needed. The sister company will be led by industry... Read More »
by Steve Monroe | May 30, 2018 9:27 am | Acquisitions
Acts Retirement-Life Communities (ACTS) has added another LPC (CCRC) to its stable of communities, bringing the total to 23 LPCs in nine states serving approximately 9,700 residents. The latest community to join the largest not-for-profit owner, operator and developer... Read More »
by Steve Monroe | May 30, 2018 9:19 am | Acquisitions
Hired to either find a buyer or a new tenant for a portfolio of five skilled nursing facilities with 638 beds in North Carolina, Chris Hyldahl and Gideon Orion of Blueprint Healthcare Real Estate Advisors did both, sort of. The transaction closed within 48 days of the... Read More »