• Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing

    by | Jul 11, 2025 2:31 pm | Opinion

    Genesis HealthCare has filed for Chapter 11 bankruptcy protection, listing its 298 affiliated holding companies, ancillary businesses and insurance vehicles in its submission to the U.S. Bankruptcy Court for the Northern District of Texas Dallas Division. It is one of the largest skilled nursing operators in the country and operates 218... Read More »

  • Cindat Capital Management Invests in Colorado Community

    by | Jul 11, 2025 2:30 pm | Financings

    Cindat Capital Management, a middle-market real estate private equity platform focused on seniors housing and opportunistic investments, announced its first investment from its Senior Housing Credit Platform. It was a unitranche debt investment in The Pearl at Boulder Creak, a 116-unit, Class-A independent living and assisted living community... Read More »

  • MedCore Divests to Publicly Traded Healthcare REIT

    by | Jul 11, 2025 2:28 pm | Acquisitions

    Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12... Read More »

  • Forbright Bank’s H1 Activity

    by | Jul 11, 2025 2:27 pm | Financings

    Forbright Bank reported its activity for the first half of the year from its healthcare and HUD lending teams, announcing more than $500 million in loans closed for acquisitions, recapitalizations, working capital, and HUD financings for healthcare providers across the country. One of the largest transactions was a $60 million revolving loan to... Read More »

  • Large SNF Portfolio Secures Financing

    by | Jul 11, 2025 2:26 pm | Financings

    MONTICELLOAM, LLC announced the closing of $218.3 million in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the... Read More »
HJ Sims Closes Comprehensive Refinance of Maryland CCRCs

HJ Sims Closes Comprehensive Refinance of Maryland CCRCs

by | Oct 24, 2018 7:00 am | Financings

HJ Sims was engaged by Asbury Atlantic, Inc. to refinance two of its CCRCs in Maryland with a combination of taxable and tax-exempt financing. Located in Gaithersburg and Solomons, the two communities were already saddled with higher-rate, tax-exempt bonds and other non-callable bonds with a balloon maturity. Sims successfully extended a taxable bank loan that was used to pay the termination fee for a swap that remained outstanding after the underlying bonds were refunded. The team then closed $96.12 million in tax-exempt bonds, which include proceeds to fund capital expenditures and free up operating cash to partially repay the taxable bank loan to make the swap termination payment. The... Read More »