• Berkadia Secures Large Portfolio Refinance

    by | Jun 27, 2025 3:06 pm | Financings

    Berkadia closed $627.2 million in agency financing for Project Raven. Project Raven is a 35-asset seniors housing portfolio with 4,395 independent living, assisted living and memory care units. The portfolio spans 15 states. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld handled the financing on behalf of an institutional borrower.... Read More »

  • What Does Brookdale’s Proxy Fight Cost?

    by | Jun 27, 2025 2:54 pm | Opinion

    It seems that hardly a day goes by without yet another SEC filing by Brookdale Senior Living detailing why its slate of Board candidates is far better for shareholders than the slate submitted by activist investor Ortelius Advisors. But how much are they spending on this? It would be nice to know, and we are sure shareholders would rather have... Read More »

  • Do We Hear $30 Per Hour as the New Minimum Wage?

    by | Jun 27, 2025 2:53 pm | Opinion

    We know we have the People’s Republic of California, and after New York’s Democratic Party primary, we may have the People’s Republic of New York City by November. The surprise winner of the primary was 33-year-old Zohran Mamdani. He is a self-professed Socialist, and more. In addition to free bussing, freezes on apartment rents, higher taxes on... Read More »

  • BMO and TCG Refinance Florida CCRC

    by | Jun 27, 2025 2:51 pm | Financings

    BMO’s Healthcare Real Estate Finance group acted as sole lender on a real estate term loan refinancing for La Posada, a Class-A, 333-unit CCRC in Palm Beach Gardens, Florida. Originally opened in 2014 and with a major renovation and addition completed in 2018, the campus offers independent living (245 units), assisted living (30 units), memory... Read More »

  • The Lenders Roundtable: A Capital Markets Update

    by | Jun 26, 2025 3:48 pm | Financings

    On Thursday, June 26th, Managing Editor of The SeniorCare Investor Ben Swett sat down with a group of expert panelists to dive into the evolving financing process of M&A deals. Panelists included Dave Boitano, EVP & CIO of LTC Properties, Cary Tremper, President & CEO of Tremper Capital Group, and Patrick Gilbreath, Sr. Relationship... Read More »
CBRE Closes Large Florida Refinancing

CBRE Closes Large Florida Refinancing

by | May 28, 2021 9:29 am | Financings

CBRE Senior Housing’s Aron Will, Austin Sacco and Adam Mincberg closed a large refinancing for a seniors housing community still in early-stage lease up in the Miami, Florida market. The community is also large and considered to be upscale.   Working with a debt fund, CBRE secured a $78 million loan, which came with a three-year term and a floating interest rate. There was also a full term of interest only. Given the property is still in lease-up, we assume that this loan took out previous construction debt, but no other details were disclosed.  Read More »
CBRE Closes Two Financings

CBRE Closes Two Financings

by | Apr 28, 2021 9:18 am | Financings

CBRE has secured a couple of financings for seniors housing clients on opposite sides of the country. First, in the Northeast, the team of Aron Will, Austin Sacco and Matthew Kuronen arranged a Fannie Mae loan to refinance a 269-unit rental CCRC located near Providence, Rhode Island. The property received a $39 million loan, or $145,000 per unit, with a seven-year term, fixed interest rate and two years of interest only.  The same CBRE team also arranged construction financing for a to-be-built seniors housing community in Portland, Oregon. Set in a 16-story high-rise in the city’s Pearl District, the community will feature 177 independent living, 77 assisted living and 20 memory care... Read More »
CBRE Returns to Seattle Area For Portfolio Refinance

CBRE Returns to Seattle Area For Portfolio Refinance

by | Apr 21, 2021 9:45 am | Financings

CBRE Senior Housing arranged a refinance for a portfolio of four senior living communities in the Seattle, Washington area. A joint venture between Capitol Seniors Housing and The Carlyle Group originally acquired the portfolio in 2016. Featuring a mix of independent living, assisted living and memory care services, with 368 units in total, the properties are located on in-fill sites in affluent submarkets. They average around 25 years in age. MBK Senior Living took over operations from Merrill Gardens after the 2016 acquisition and has overseen some significant capital improvements across the portfolio.   Five years ago, CBRE arranged more than $60 million in acquisition/renovation... Read More »
Several New Hires Announced This Spring

Several New Hires Announced This Spring

by | Apr 1, 2021 6:37 pm | Acquisitions

The start of spring came with a flurry of new hires at several brokerage firms. First, Andrew Morris joined Greystone as its Director of Healthcare Acquisitions, where he will report to Arthur Hatzopoulos, Corporate Executive Vice President at the company. Mr. Morris comes from Hana2.0 Property Group where he was Director of Investments and focused on sourcing and closing healthcare real estate acquisitions. Before that, he also held roles at Cascade Capital Group, Omega Healthcare Investors, and GE Capital. At Greystone, Mr. Morris will be focusing on seniors housing and healthcare acquisition opportunities but zeroing in on the skilled nursing... Read More »
Joint Venture Refinances Midwest Seniors Housing Portfolio

Joint Venture Refinances Midwest Seniors Housing Portfolio

by | Mar 16, 2021 5:13 pm | Financings

CBRE’s National Senior Housing team refinanced three seniors housing communities in the Midwest. Owned by a joint venture between CA Ventures and Partners Group, the communities were built in 2016 and 2017 in the Chicago (two locations) and Kansas City metro areas. They consist of 210 assisted living and 98 memory care units as well as numerous high-end amenities. Anthology Senior Living, CA Ventures’ wholly owned senior living operating platform, manages the Illinois communities, while Senior Lifestyle operates the Kansas location.   To refinance debt they had previously placed with another debt fund, Aron Will, Austin Sacco and... Read More »