• CIBC Completes Several Financings

    CIBC Bank USA announced a handful of senior care financings across multiple states. First, the company closed a $17.5 million cash-out refinancing for a regional operator’s portfolio of three skilled nursing facilities with 235 total beds in northeast and southeast Massachusetts, and southern New Hampshire. The facilities have an effective age of... Read More »
  • Blueprint Adding HUD Lending Platform

    Fresh off another record-setting year for investment sales activity, Blueprint announced a major expansion of its capital markets services to now include FHA/HUD lending and servicing capabilities. The firm is acquiring the existing FHA/HUD lending platform of MidCap Financial Services, and hiring Tony Marino, formerly of Cambridge Realty Capital... Read More »
  • More New Capital Enters Seniors Housing

    A fully-integrated real estate firm that is well known in the student housing world announced its foray into the seniors housing industry. Landmark Properties focuses on the development, construction, acquisition, investment management, and operation of high-quality residential communities, but the company’s intent is to invest in ground-up... Read More »
  • Berkadia’s Recent Financing Activity

    In the past 30 days, Berkadia’s Jay Healy and Andrew Lanzaro have closed $111.5 million across four financings for four separate sponsors, encompassing eleven properties in six states. The activity included three bridge financings totaling $69.6 million from Berkadia’s proprietary balance sheet and a $41.9 million HUD refinance. The first... Read More »
  • Inspirit Senior Living Appoints New President

    Torey Riso is heading back to the operating world, joining Inspirit Senior Living as President as of March 16. He joins Dave McHarg, who is the CEO of Inspirit and Founding Partner of the company. Since its founding in 2015, Inspirit has grown to 37 properties under management, with Inspirit holding an equity interest in around half of those. ... Read More »
Coast-To-Coast Closings From CBRE

Coast-To-Coast Closings From CBRE

Aron Will of CBRE continued his recent run of activity with two more transactions. Up first was a bank financing arranged on behalf of a joint venture between Bourne Financial Group and HRA Senior Living to refinance their newly-built 96-unit assisted living/memory care community in Wilmington, Delaware. The high-quality community boasts an upscale salon and spa, as well as a bocce court, yoga and fitness studios. It’s also located near two large shopping centers. CBRE secured a $25.5 million, five-year non-recourse loan with 36 months of interest only shortly after the property received its certificate of occupancy. Estimated lease-up figures in the affluent area must have been... Read More »
Private Evening in NYC

Private Evening in NYC

Members of the American Seniors Housing Association and subscribers to The SeniorCare Investor gathered in New York City on the night of the Rockefeller Center tree lighting in an intimate setting at The Penn Club to hear what Rick Atlas (Atria Senior Living), David Reis (Senior Care Development) and Scott Stewart (Capitol Senior Housing) had to say about investing in seniors housing today. While all three were very bullish on the future of the seniors housing business and long-term investment values, there were certainly differences of opinion as to where they see strength. For example, David Reis stated that not only is the CCRC model alive and well, but several of his CCRCs are... Read More »