• 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 »
Harrison Street Refinances White Bear Lake Community

Harrison Street Refinances White Bear Lake Community

by | Jul 9, 2019 2:54 pm | Financings

Cushman & Wakefield acted as the exclusive advisor to a joint venture between The Waters Senior Living and Harrison Street Real Estate Capital on the refinance of their 136-unit senior living community in White Bear Lake, Minnesota. Developed in 2016, this community provides independent living, assisted living and memory care services under The Waters brand. The C&W team of Jay Wagner, Sam Dylag and Jack Griffin brought the owners together with the lender, BMO Harris Bank, which provided the $24.3 million loan to take out the original construction financing. Derek Zeller, Imran Javaid and Brian Vis made up the BMO team on the transaction. Read More »
BMO Harris Bank Finances Watercrest’s Latest Senior Living Development

BMO Harris Bank Finances Watercrest’s Latest Senior Living Development

by | Jan 18, 2019 7:00 am | Developments, Financings

Watercrest Senior Living Group’s latest development in Florida just obtained a construction loan courtesy of BMO Harris Bank’s Healthcare Real Estate Finance group. The community just broke ground last August and is anticipated to open in Summer 2020 with 72 independent living, 96 assisted living and 30 memory care units. Watercrest is developing the community in partnership with United Properties, after previously collaborating on a senior living development down the coast in Naples, Florida (expected to open this year). BMO arranged a $46.5 million loan to fund the Sarasota construction. Read More »
BMO Secures Two Acquisition Financings

BMO Secures Two Acquisition Financings

by | Dec 11, 2018 4:32 pm | Financings

As joint venture partners TH Real Estate (an affiliate of Nuveen, the investment management arm of TIAA) and LCS continue their acquisition activity, BMO Harris Bank’s Healthcare Real Estate Finance group got in on the action and arranged acquisition financing for two of the deals. First, the firm acted as sole lender for a $14.4 million term facility for a CCRC in Palm City, Florida with 225 independent living units, 20 assisted living units and 36 skilled nursing beds. They again acted as sold lender for another $12.3 million term facility arranged for a CCRC in Essex, Connecticut with 189 independent living units (including 13 cottages) and 45 skilled nursing beds. Read More »
BMO Harris Bank Finances Seattle Senior Living Acquisition

BMO Harris Bank Finances Seattle Senior Living Acquisition

by | Oct 26, 2018 7:01 am | Acquisitions, Financings

A large strategic seniors housing investor teamed up with a regional operator to acquire an assisted living/memory care community in Bellevue, Washington (Seattle MSA). Altum Senior Living will take over management and oversee a renovation to the community. To fund the acquisition and upcoming renovation, BMO Harris Bank’s Commercial Real Estate Healthcare group acted as sole lender of more than $16.7 million in financing. Read More »
BMO’s Busy Summer

BMO’s Busy Summer

by | Aug 29, 2018 7:00 am | Financings

Shunning any summer doldrums, BMO Harris Bank’s Healthcare Real Estate Finance group announced two loan closings in the last week, on the back of a $200 million facility it closed on behalf of Kayne Anderson Real Estate Advisors and Watermark Retirement Communities earlier this month. First, in Hugo, Minnesota, the group acted as sole lender in arranging an $18 million term loan to refinance a 100-unit senior living community. Keystone Senior, LLC, an owner/operator of communities across seven states, was the borrower. The group then worked on behalf of TH Real Estate (an affiliate of Nuveen, the investment management arm of TIAA) and LCS to fund their acquisition of a large CCRC in Evans,... Read More »