• PGIM Divests Two Arizona Assets

    JLL’s Seniors Housing Capital Markets team completed the sale and financing of three assets across two separate deals. First, it announced that it sold The Watermark at Morrison Ranch in Gilbert, Arizona, and Acoya Mesa in Mesa, Arizona. Both communities were stabilized at the time of the deal. JLL marketed the portfolio on behalf of the seller,... Read More »
  • Underperforming Asset Trades in California

    A seniors housing community in Vacaville, California, sold with the help of Nick Stahler and Chad Mundy of The Knapp-Stahler Group at Marcus & Millichap. At the time of LOI, the asset was underperforming and financially strained. Built in 2004, it features more than 80 assisted living and memory care units and is licensed for over 90 beds on... Read More »
  • Communities Sell in California and Missouri

    Haven Senior Investments closed a deal right before year-end and announced a couple of others from the preceding months. First, an assisted living community was facing a hard closing deadline, with a 30-day escrow and commercial loan that would have been canceled if the transaction did not close by December 31. Rebecca Van Wieren and Scott Fuller... Read More »
  • Cambridge Provides HUD Construction Financing

    Cambridge Realty Capital provided $6.5 million in construction financing for a 20-bed memory care addition to The Pointe at Pontiac, an existing 60-bed supportive living facility in Pontiac, Illinois. The borrower is an Illinois limited liability company. The financing is insured by HUD under its Section 241(a) program and will be used to fund... Read More »
  • SNF Portfolio Receives Bridge Financing

    MONTICELLOAM, along with firm affiliates, provided $60 million in bridge financing to a five-facility skilled nursing portfolio in Illinois. The two-year loan was originated by Karina Davydov. The returning healthcare client, who operates over a dozen skilled nursing facilities in Illinois, will use the loan proceeds to acquire the portfolio,... Read More »
Greystone Provides Bridge Loan for Affordable Seniors Community

Greystone Provides Bridge Loan for Affordable Seniors Community

Greystone provided a $40 million bridge loan to acquire and rehab a seniors housing community in The Bronx, New York. The financing was originated by Senior Managing Director Eric Rosenstock and Executive Vice President Jeff Englund on behalf of a joint venture between Scott Jaffee of Metropolitan Realty Group and Leo Friedman of Citadel Care Centers. Built in 1969, Kittay House comprises 295 affordable seniors units with social, recreational, and educational programs on-site as well as meals, housekeeping and easy access to healthcare and supportive services. Greystone’s interest-only non-recourse bridge loan carries a 24-month term with two six-month extension options. Read More »
Lument Finalizes Freddie Mac Construction Loan

Lument Finalizes Freddie Mac Construction Loan

Lument announced the closing of a $33.6 million Freddie Mac loan to facilitate the construction of The Culbreath, a 364-unit affordable seniors housing community in Dallas, on behalf of DHA Housing Solutions of North Texas (DHA) and Volunteers of American National Services (VOANS). To finance the new construction project, which has a total cost of $96.7 million, Lument Securities provided bond underwriting services for $45.6 million in tax-exempt cash collateralized bonds while Lument Real Estate Capital structured the $33.6 million Freddie Mac tax-exempt loan to serve as permanent financing. Senior Managing Director Tracy Peters and Director Dale Giffey led the transaction for Lument.... Read More »
Ziegler Closes Tax-Exempt Bond Issue for Florida Not-For-Profit Corporation

Ziegler Closes Tax-Exempt Bond Issue for Florida Not-For-Profit Corporation

Ziegler announced the successful closing of a $25 million tax-exempt bond issue for Orlando Senior Health Network. The Series 2025 bonds were issued through the Florida Local Government Finance Commission. This marks the third transaction Ziegler has completed for OSHN over the past decade. Orlando Lutheran Towers, Inc., doing business as Orlando Senior Health Network, is a Florida not-for-profit corporation that owns and operates a Type-B CCRC, Orlando Lutheran Towers. Built in 1980, the community features 184 independent living units in one building (the Fountains), 81 assisted living units in another building (Windsor Place), and 168 skilled nursing beds on 4.5 acres in downtown... Read More »
Ziegler Closes Bonds for Bayview’s CCRC Renovations

Ziegler Closes Bonds for Bayview’s CCRC Renovations

Ziegler announced the closing of the Bayview $16.51 million Series 2025 bonds through the Washington State Housing Finance Commission. Bayview is a Washington not-for-profit corporation and 501(c)(3) organization that owns and operates a CCRC comprising 133 independent living, 34 assisted living and 10 memory care units. Bayview also operates an intergenerational childcare center on the campus for up to 42 children. The bonds consist of long-term tax-exempt, short-term tax-exempt (TEMPSSM), and short-term taxable (TMPSSM) fixed interest rate bonds issued on parity with the Series 2016A & 2024 bonds. The bonds were structured with a 35-year final maturity (July 1, 2060). Principal... Read More »
VIUM’s New H1 Record

VIUM’s New H1 Record

VIUM Capital completed the first half of 2025 with an impressive $780 million in transaction par value. That volume was closed across 32 transactions, 51 separate properties and 14 states, comprising both bridge and permanent debt. It represents the strongest first half of the year in the company’s history. Part of that activity was more than $360 million in par value for 18 HUD/GNMA loans. And they have over $800 million of additional HUD volume already submitted.  VIUM had finished HUD’s fiscal year 2024 as the second ranked HUD healthcare lender, both in total volume ($450 million) and number of transactions closed (37). But year-to-date 2025 saw VIUM’s HUD/GNMA servicing portfolio... Read More »
Macquarie Asset Management Launches Health Wave Partners

Macquarie Asset Management Launches Health Wave Partners

Macquarie Asset Management, which has over 35 years of experience in the real estate sector and a current network of 15 specialist operator investments globally, announced the launch of Health Wave Partners, a seniors housing platform aimed at targeting investments in modern seniors housing assets alongside established operators. The platform will focus on investing in what it views to be compelling, high-quality properties and will partner with experienced operators in regions with strong demographic and economic fundamentals. Health Wave Partners will aim to capitalize on the strength of Macquarie’s extensive experience and demonstrated track record of growing and institutionalizing... Read More »