by Steve Monroe | Nov 10, 2023 8:21 am | Financings
Capital Funding Group announced the closing of a $10.9 million HUD loan on behalf of a nationally recognized borrower. The loan supported the refinancing of an existing bridge loan, executed by CFG, into a HUD loan. The refinancing was secured by a 112-bed skilled... Read More »
by Steve Monroe | Nov 10, 2023 8:20 am | Acquisitions, Financings
CBRE Capital Markets announced the sale and financing of an active adult community in Deer Park, New York. Jeff Dunne and Eric Apfel of the New York Metro Institutional Sales team, along with Aron Will, John Sweeny and Scott Bray of the CBRE Senior Housing team,... Read More »
by Steve Monroe | Nov 10, 2023 8:18 am | Acquisitions
Blueprint was brought on by a publicly traded REIT to facilitate the sale of an assisted living community in Lakeland, Florida. At the time of marketing, the community’s performance was trending back upward following a decline in 2020 and 2021. It was built in 2001... Read More »
by Steve Monroe | Nov 8, 2023 8:34 am | Developments
Omega Healthcare Investors, which is approximately 75% skilled nursing and 25% seniors housing, and the largest institutional owner of SNFs, reported a mixed third quarter. While, the financial performance exceeded management’s expectations with unanticipated rent... Read More »
by Steve Monroe | Nov 8, 2023 8:32 am | Developments
So far, so good, with everyone’s third quarter earnings results. And that is the way it should be, since the third quarter has almost always been the best quarter, at least as far as occupancy is concerned. For Brookdale Senior Living, it was no different, with seven... Read More »