by Steve Monroe | Jul 26, 2019 6:00 am | Financings
After a recent expansion, a small assisted living community in Tremonton, Utah, is refinancing through Fannie Mae with the help of Brady Johnson, Andy Kitts and Heath Coryell of Hunt Real Estate Capital. Originally built in 1995, the 28-unit community was Utah-based... Read More »
by Steve Monroe | Jul 25, 2019 2:40 pm | Financings
Lancaster Pollard Mortgage Company, a division of ORIX Real Estate Capital, worked on behalf of a long-time client of theirs to refinance two senior living properties in Michigan. The borrower, The Brook Retirement Communities, obtained a $16 million loan through... Read More »
by Steve Monroe | Jul 24, 2019 6:02 am | 60 Seconds, Opinion
Think about the thrill for your residents, flying in the cockpit of a two-seat biplane, soaring above the land, and free of charge. Imagine you are 90 years old and living in a senior living community, and maybe a war veteran. Life may not be as exciting as it was,... Read More »
by Steve Monroe | Jul 24, 2019 6:01 am | Acquisitions
A Dubai-based private equity firm jumped into the senior living market in a big way, acquiring a group of six properties for a total purchase price over $180 million. GFH Capital, a subsidiary of GFH Financial Group, will own 91% of the portfolio, while a Washington,... Read More »
by Steve Monroe | Jul 24, 2019 6:00 am | Acquisitions
Mark Davis of Healthcare Transactions Group negotiated the sale of a skilled nursing portfolio in North Carolina. Two of the three facilities are located in the Raleigh-Durham market, in the towns of Henderson and Durham, while the third is located in the northeast... Read More »