People on the Move

Right before Covid-19 brought everything to a stand-still, there were some hiring announcements in the senior care industry worth mentioning. We hope virtual onboarding can be just as effective. JLL Capital Markets announced that Alanna Ellis has joined the firm as a Director in its Seattle office and will be responsible for sourcing debt and […]

CBRE Originates Second Fannie Mae Financing for NC Community

The CBRE team of Aron Will, Austin Sacco and Tim Root arranged a refinance of a 100-unit independent living community in Durham, North Carolina, just two years after financing the property’s acquisition. Originally built as a hotel in 1985 but renovated and converted to IL in 2013, the community was purchased by Focus Healthcare Partners […]

Confluent Senior Living Sells, and Grows

Confluent Senior Living announced the sale of three of its senior living communities in Iowa, Oregon and New Mexico, hiring CBRE to close the deal. All three communities were, and will continue to be, operated by MorningStar Senior Living. The West Des Moines, Iowa property opened in March 2018 with 85 assisted living and memory […]

CBRE’s Recent Deal Haul

CBRE had quite the month in November, with its National Senior Housing team announcing four separate sales totaling about $400 million, and its Senior Housing Debt and Structured Finance team closing over $215 million in debt in November. Aron Will and Austin Sacco facilitated the debt transactions, while Lisa Widmier represented the three different sellers […]

CBRE Returns for Two More Financings

The closings keep on coming for the team of Aron Will, Austin Sacco and Tim Root from CBRE National Senior Housing, which just announced two financings totaling nearly $50 million. The team first arranged $4 million in supplemental financing on behalf of Chicago Pacific Founders (CPF) for its 160-unit senior living community in Las Vegas, […]

SLIB Closes Florida and Georgia Sales

Cedar Communities, a New York-based private equity firm that targets undervalued, small to mid-sized assisted living communities, continued its expansion in the Southeast with the purchase of two personal care homes in northern Georgia. Built in the 1990s, both communities were recently updated, have good local reputations and limited competition in the area. Their owner […]

CBRE Refinances Luxury Texas CCRC

Four years after he arranged construction financing for a to-be-built rental CCRC in Houston, Texas, Aron Will of CBRE is refinancing the property on behalf of its owners, joint venture partners Bridgewood Property Company and Harrison Street Real Estate Capital. Located in the affluent Houston neighborhood of River Oaks, the property opened in 2017 with […]

CBRE Finances Silverstone/Crescent Acquisition

A joint venture between Silverstone Senior Living and Crescent Real Estate LLC turned to Aron Will, Austin Sacco and Tim Root of CBRE to arrange financing for its acquisition of a 120-unit assisted living/memory care community in Palm Beach Gardens, Florida. Opened in 2017, the property was developed by both an affiliate of Silverstone and […]