by Steve Monroe | Aug 18, 2017 12:48 pm | Acquisitions
Summit Healthcare REIT just expanded its holdings in the Northeast, adding nine skilled nursing facilities with 1,285 licensed beds. Along with joint venture partner Fantasia Investment III LLC, a U.S.-based affiliate of Fantasia Holdings Group Co., Ltd., Summit... Read More »
by Steve Monroe | Aug 18, 2017 12:44 pm | Acquisitions
A 40-unit (56-bed) memory care community on the coast of New Hampshire that recently went through a Chapter 11 bankruptcy restructuring just sold to Port Development, a private investor group, for $11 million, or $275,000 per unit. Sanctuary Care had developed the Rye... Read More »
by Steve Monroe | Aug 18, 2017 12:40 pm | Financings
Chris Blanda of Lancaster Pollard continued his work with Trilogy Health Services, recently refinancing a portfolio of 10 health campuses in Indiana with a $158.4 million HUD loan. Typical of many Trilogy-developed properties, this portfolio includes a mix of skilled... Read More »
by Steve Monroe | Aug 17, 2017 12:31 pm | Developments, Financings
HJ Sims helped land financing for a couple of luxury senior living developments across the country this month, with two bond placements totaling over $45 million. The larger project, located in Palm Coast, Florida, is being developed by affiliates of the Tuscan Garden... Read More »
by Steve Monroe | Aug 16, 2017 7:02 am | 60 Seconds, Opinion
After some dissidents tried to torpedo the deal, shareholders decided bigger was better. Well, the vote is in, and it looks like the merger of Sabra Health Care REIT and Care Capital Properties will go through as planned. It wasn’t easy, and Sabra’s CEO Rick Matros... Read More »