• Novellus Divests in Colorado

    by | May 17, 2024 4:16 pm | Acquisitions

    Evans Senior Investment arranged the sale of an assisted living community in Denver, Colorado, representing Novellus Living in the transaction. ESI previously facilitated the sale of the community less than two years ago. Originally built in 2002, Novellus Cherry Creek comprises 66 units and operates on a 59% private pay basis. In 2022, occupancy... Read More »

  • CBRE Secures Financing for Washington Asset

    by | May 17, 2024 4:14 pm | Financings

    CBRE secured financing for a seniors housing community in Tacoma, Washington, on behalf of a joint venture between Harrison Street, PMB and GenCare Lifestyle. Built in 2020, GenCare Lifestyle Tacoma at Point Ruston comprises 159 independent living, assisted living and memory care units. The community fully opened in the fourth quarter of 2020 and... Read More »

  • Live Oak Bank Returns to Santee Seniors Housing Campus

    by | May 17, 2024 4:12 pm | Developments, Financings

    Live Oak Bank closed a $27.0 million refinance with a repeat client for an assisted living/memory care community, The Ridge at Lantern Crest, situated on a larger campus, Lantern Crest, in Santee, California. Lantern Crest, operated by Lantern Crest Senior Living, is a 34-acre seniors housing campus developed by The Grant Companies. It offers... Read More »

  • The Current Lending Environment for Senior Care Properties

    by | May 17, 2024 9:31 am | Acquisitions, Developments, Financings, Opinion

    The financing process has killed dozens (and hundreds) of deals in the last couple of years, and yet M&A activity is near record levels in the seniors housing and care industry. So deals are getting done, and not just with cash. Who has been lending and at what cost to the borrower? What hurdles have to be overcome? And when capital costs do... Read More »

  • Lument Arranges Tennessee SNF Sale (& Loan Assumption)

    by | May 16, 2024 4:27 pm | Acquisitions

    A skilled nursing facility in Tennessee that was struggling to maintain debt service and other loan obligations sold with the help of Laca Wong-Hammond and Isabel Carta of Lument Securities serving as exclusive financial advisor to the seller. Located in Rocky Top, about 25 miles from Knoxville, Summit View of Rocky Top is a 117-bed skilled... Read More »
Carrieros of Colliers

Carrieros of Colliers

by | Mar 1, 2016 9:09 pm | Acquisitions

In the depths of this winter, let’s head south to Largo, Florida, where the subsidiary of the owner of rehabilitation, skilled nursing, assisted living and independent living communities throughout the country purchased a 128-bed assisted living/memory care community for an undisclosed price. Owned by a religious non-profit, the community was built in 2006 with a mix of AL and MC units and a 30-seat theater. Occupancy was 85% at closing, and the transaction’s cap rate was 7.4%. Ken and Damien Carriero of Colliers International handled the transaction on behalf of the seller, Indian Rocks Assisted Living, Inc. Read More »