by Steve Monroe | May 10, 2018 2:18 pm | Acquisitions, Developments, Financings
Contemporary Healthcare Capital (CHC) completed two mezzanine loans to help buyers fund the purchase of skilled nursing facilities. The Portopiccolo Group, based in New Jersey, bought a 165-bed facility in Covington, Tennessee and borrowed a combined $8.755... Read More »
by Steve Monroe | May 10, 2018 2:14 pm | Acquisitions, Developments
On the heels of paying more than $500,000 per unit for an 85-unit assisted living and memory care community in the suburbs of Denver, Colorado, Kayne Anderson Real Estate Advisors purchased another community from the same seller, Confluent Senior Living, this time in... Read More »
by Steve Monroe | May 10, 2018 2:09 pm | Acquisitions, Developments
Just as the horses were coming into the stretch at the Derby last Saturday, Blueprint Healthcare Real Estate Advisors was closing on the sale of two skilled nursing facilities in Kentucky. They were built in 1993 and 1999, and one of the facilities underwent a $1.7... Read More »
by Steve Monroe | May 10, 2018 2:05 pm | Acquisitions, Developments
Greystone Real Estate Advisors closed back-to-back portfolio sales in Canada. Mike Garbers and Cody Tremper, together with TD Securities, represented the seller of 10 senior living communities located throughout the greater Toronto and Ottawa areas. The 10 communities... Read More »
by Steve Monroe | May 9, 2018 8:24 am | Acquisitions, Developments, Financings
Fred Levine of Greystone closed three HUD financings on the same day for an acquisition of three New York skilled nursing facilities. The $75 million loan, which comes to $133,690 per bed, financed three nursing facilities with 561 beds. They included Brookside... Read More »