New Details On Locust Point Capital Fund

Newly formed Locust Point Capital closed out its first debt fund with $312 million invested, or $62 million more than what was originally targeted. Three of the four founders came from Contemporary Healthcare Capital, a well-known group that provides all sorts of debt options to the seniors housing and care sector. But unlike CHC, Locust […]

 

Tryko Partners Picks Up HCR ManorCare Facility

Quality Care Properties divested one of its HCR ManorCare-operated skilled nursing facilities in New Jersey, with Tryko Partners stepping in as the buyer. Built in 1974, the 106-bed facility is located in New Providence (Newark MSA), which will complement Tryko’s existing strong presence in central and northern New Jersey. The facility is located close to […]

 

Healthcare Transactions Group’s Home-Field Advantage

Maryland-based Healthcare Transactions Group just closed the 23rd senior care transaction in its home state. For an undisclosed price, the firm arranged the sale of a 118-bed skilled nursing facility in Sykesville (about 20 miles northwest of Baltimore). Formerly owned by a New Jersey-based private owner, the target was previously leased to Transitions Healthcare and […]

 

Mini Memory Care Community Sells Outside Richmond, Virginia

A small memory care community in the Houston, Texas area sold to Capital Square 1031, a national real estate investment and management company based in Glen Allen, Virginia. With only 16 beds and 10,000 square feet, the newly constructed community was previously owned by Verdad Real Estate, a national single-tenant real estate development company, and […]

Friendly Sale Followed By HUD Financing

Cambridge Realty Capital Companies arranged $28.4 million in HUD financing for a portfolio of three skilled nursing facilities in Ohio, but the road to closing was more complicated than usual. Located in the towns of Niles and Milan, these facilities were put up for sale by their long-time real estate owner/operator. However, during the marketing […]

Family Finds Freddie Mac Financing Through CBRE

Working on behalf of The Powell Family, an active developer/operator of single family, multifamily, retail/commercial and seniors housing in the Seattle, Washington area, Mark Capeloto and Aron Will of CBRE arranged Freddie Mac financing for their 167-unit senior living community in Federal Way. Situated on 12.87 acres, the community offers independent living and assisted living […]

Strawberry Fields REIT Enters Arkansas Market

Strawberry Fields REIT entered the state of Arkansas in a big way, acquiring nine skilled nursing facilities in the state from one seller, plus one Kentucky facility from another. Totaling 1,004 beds, the Diamond State facilities were owned by The Skyline Group, which acquired them from AdCare Health Systems, Inc. in October 2016 for $55 […]