The CBRE team showed their strength in their latest two transactions. First, it was announced that not only did Lisa Widmier represent a publicly-traded REIT in its sale of a 120-unit assisted living community in Sterling Heights, Michigan to Chicago Pacific Founders, but Aron Will arranged the acquisition financing too. Through CBRE’s Freddie Mac Seller […]
Chicago Pacific Founders just made its fifth acquisition of the year (all since the start of April), after just three (disclosed) deals in both 2017 and 2016. The newest addition is an independent/assisted living community located in Sterling Heights, Michigan (Detroit MSA), and sold for an undisclosed price. Built in 1989, it was formerly operated […]
On the way to stabilizing its two senior living communities in Tucson, Arizona and Pahrump, Nevada, Chicago Pacific Founders refinanced with the help of Aron Will of CBRE. In 2016, its subsidiary CPF Living Communities acquired the two majority-independent living communities (with assisted living and memory care units as well) from two non-traditional seniors housing […]
Charlie Shoop of KeyBank Real Estate Capital has been hard at work arranging two financings from two different agencies. First, through Freddie Mac, Mr. Shoop originated a $26 million loan to facilitate the acquisition of a 175-unit independent living community in Dallas, Texas. The floating-rate loan came with a seven-year term, four-year interest only period […]
Kentucky’s largest not-for-profit senior living and long-term care provider, Christian Care Communities, worked with Ben Firestone and Michael Segal of Blueprint Healthcare Real Estate Advisors to sell its 92-bed skilled nursing facility in Louisville. Ideally located near multiple hospitals and other referral sources, the facility was originally built in 1962, but was recently renovated in […]
Aron Will of CBRE showed off his strength and variety this month, closing five transactions so far in May. First was a $10.2 million Freddie Mac loan arranged on behalf of Chicago Pacific Founders to acquire a 100-unit independent living/assisted living community in Easley, South Carolina. The loan came with a seven-year floating-rate term and […]
Chicago Pacific Founders turned to Aron Will of CBRE to arrange financing for its latest acquisition in Easley, South Carolina. We reported last month that Evans Senior Investments had represented the independent owner/operator in its sale of a 100-unit independent/assisted living community. Originally built by the seller in 1997 and expanded in 2004, the Easley […]
The CBRE National Senior Housing group flexed its muscles this week, closing two acquisition financings and an asset sale. First, Lisa Widmier represented HCP in its divestment of a 159-unit independent living/assisted living community in Beaumont, Texas, for an undisclosed price. Featuring a majority of independent living units, the community was built in 1996. Under […]
After already buying a 124-unit assisted living community in Cincinnati, Ohio this month, Chicago Pacific Founders added another community to its portfolio in December, this time in Jacksonville, Florida. The private equity firm acquired a 189-unit senior living community, with independent living, assisted living and memory care services, in a newly developed residential section of […]
Aron Will of CBRE worked with Freddie Mac for his two latest transactions, and crisscrossed the country to do so. First, with Andrew Behrens of CBRE Multifamily Institutional Group, Mr. Will closed a $29.8 million financing for a 144-unit senior living community in Escondido, California (San Diego MSA). Purchased in 2012 by Westmont Living, the […]