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 »
by Steve Monroe | Jul 23, 2019 2:04 pm | Financings
KeyBank Real Estate Capital arranged a trio of HUD loans for skilled nursing properties located across Texas. The Corpus Christi facility, built in 2015 with 60 semi-private units and a 112-space parking lot, received a $16 million loan. Opened in 2009 and renovated... Read More »
by Steve Monroe | Jul 19, 2019 8:12 am | Developments, Financings
A massive senior living community in Fort Myers, Florida, has plans to replace its skilled nursing facility, and just received bond financing to do it. Ziegler arranged the placement of the $81.16 million in bonds for the Obligated Group, which consists of two Florida... Read More »
by Steve Monroe | Jul 17, 2019 7:02 am | 60 Seconds, Opinion
Seniors housing occupancy rates still remain low despite an apparent slowdown in new development. Whether you look at the total market, or simply the stabilized properties, second quarter occupancy took a small dip, according to recent numbers from NIC. Truth be told,... Read More »