by Steve Monroe | May 18, 2018 10:11 am | Financings
Aron Will of CBRE showed off his strength and variety this month, closing five transactions so far in May. First was a $10.2 million Freddie Mac loan arranged on behalf of Chicago Pacific Founders to acquire a 100-unit independent living/assisted living community in... Read More »
by Steve Monroe | May 16, 2018 10:35 am | 60 Seconds, Statistics
One thing on the minds of many is that in these heady times in senior care M&A and development, investors are faced with a dilemma: whether to build, or buy (or both). Ben Swett here filling in for Steve Monroe, who is currently wandering around the Argentum... Read More »
by Steve Monroe | May 16, 2018 10:31 am | Acquisitions
Its complex past didn’t stop an assisted living community in North Carolina from selling to an in-state operator, albeit for a price of $1.7 million, or just $13,900 per unit. The property’s owner, a regional operator based in the Tar Heel State, originally built it... Read More »
by Steve Monroe | May 16, 2018 10:27 am | Acquisitions
Mark Myers and Josh Jandris of IPA Seniors Housing headed to sunny South Florida to sell a large 230-bed skilled nursing facility on behalf of the not-for-profit owner. Operations were solid at the property, with some room for improvement, with occupancy at around... Read More »
by Steve Monroe | May 16, 2018 10:22 am | Developments
Construction has begun at a brand-new senior living community in Fort Mill, South Carolina (Charlotte MSA). Mississippi-based Cardinal Ventures is developing the $15 million project, which will be called The Blake at Baxter Village. Frampton Construction Company,... Read More »