by Steve Monroe | Jan 30, 2018 1:27 pm | Acquisitions
Ohio-based Altercare Integrated Health Services is significantly expanding operations in its home state, taking over management of eight skilled nursing facilities and 541 total licensed beds. Owned by Greystone Healthcare Management (who also previously operated... Read More »
by Steve Monroe | Jan 30, 2018 11:58 am | Developments, Financings
Cushman & Wakefield Capital Markets Group arranged $20.6 million in construction financing on behalf of Clearwater Living to build a 90-unit/104-bed assisted living/memory care community in Rohnert Park, California. PNC Bank provided the financing, which was... Read More »
by Steve Monroe | Jan 26, 2018 7:02 am | Acquisitions, Financings
NorthMarq Capital continued its long-standing relationship with a 130-unit seniors housing community in Lynnwood, Washington, arranging Freddie Mac financing for the new owner. The community was developed by a joint venture between Living Care Lifestyles (the... Read More »
by Steve Monroe | Jan 26, 2018 7:01 am | Acquisitions
The team at HFF, including David Fasano, Ryan Maconachy and Chad Lavender, represented Meridian Realty Advisors in their sale of a 140-bed post-acute care facility in Bee Cave, Texas (Austin MSA). Built in 2013, which makes the property new among other post-acute care... Read More »
by Steve Monroe | Jan 26, 2018 7:00 am | Financings
One of New York City-based Monticello Asset Management’s investment vehicles originated $8.03 million in first lien debt on behalf of the new owner of a 140-bed skilled nursing facility in New York. Leroy Operating, LLC (the borrower) used the funds to purchase... Read More »