by Steve Monroe | Jul 26, 2019 6:02 am | Acquisitions
National Health Investors has added another property to its growing portfolio. Paying $7.6 million, or $149,000 per unit (including $100,000 of closing costs), the REIT acquired a 51-unit assisted living community in Pueblo, Colorado. Built in 1997 with an addition in... Read More »
by Steve Monroe | Jul 26, 2019 6:01 am | Acquisitions
We wrote of Chicago Pacific Founders’ acquisition of a Pittsburgh, Pennsylvania-area portfolio of independent living communities last week but have now learned that IPA Seniors Housing handled the transaction. The team of Joshua Jandris and Mark Myers, plus Marcus... Read More »
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 »