Joint Venture Acquires Class-A Seniors Housing Asset in Texas
CBRE National Senior Housing acted as the exclusive advisor on the sale of a Class-A seniors housing community in the Houston, Texas MSA. Built in 2012, the community comprises 207 units offering independent living, assisted living and memory care services. CBRE National Senior Housing also arranged acquisition financing for the community on behalf of a joint venture between a national operator and an institutional equity partner. John Sweeny, Senior Vice President and Co-Head of CBRE National Senior Housing, and Aron Will, Vice Chairman and Co-Head of CBRE National Senior Housing, represented the seller in this transaction. The sales price is undisclosed. Will and Tim Root of CBRE... Read More »
AEC Living Secures Financing
Helios Healthcare Advisors structured the recapitalization of a 300-bed assisted living and skilled nursing portfolio in the San Francisco MSA. Facing a pending maturity with its existing lender, the borrower (AEC Living) engaged Helios to structure a refinance across two owned/operated assisted living communities and one skilled nursing property that was subject to a triple-net lease with a large public health district. All assets were geographically clustered and located in very high-income markets in the Bay Area. Helios secured a financing solution through a family office that sponsored a commercial real estate debt-fund. The total loan amount was $12 million and closing occurred... Read More »
Greystone Provides a Rhode Island SNF Portfolio with Financing
Greystone provided $29.9 million in bridge financing for the acquisition of a portfolio of six skilled nursing facilities in Rhode Island. The bridge financing was originated by Ryan Harkins and Christopher Clare, both Managing Directors at Greystone. The skilled nursing facilities include Bayberry Commons (120 beds in Pascoag), Eastgate Nursing & Rehabilitation Center (76 beds in East Providence), South Kingstone Nursing & Rehab Center (112 beds in West Kingston), West Shore Health Center (149 beds in Warwick), Village House Nursing & Rehabilitation Center (95 beds in Newport) and Elmwood Nursing & Rehabilitation Center (70 beds in Providence). Read More »
Roers Companies Secures Financing
JLL Capital Markets secured a $42.9 million bridge loan refinancing to take out the construction loan for a seniors housing community in St. Louis Park, Minnesota. Scott Loving, Scott Streiff, Gary Marchiori and William Hintz of JLL worked on behalf of the borrower, Roers Companies, in arranging the 2.5-year, floating-rate refinance. Built in 2023, Risor of St. Louis Park comprises 170 units across six stories. Of the 170 units, 18 are affordable seniors housing units, while the remainder are active adult units. The unit mix consists of studios, one-, two- and three-bedroom layouts. The community is situated in one of the most affluent suburbs in the metro, with an average household income... Read More »
Staten Island SNF Secures Financing
MONTICELLOAM announced the financing of a $25 million mezzanine loan for a skilled nursing facility in Staten Island, New York. The sponsorship group, a longstanding MONTICELLOAM client, has an existing footprint with a portfolio spanning the East Coast. The loan proceeds will be used to recapitalize the existing equity in the 300-bed facility. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
