• Stand-Alone MC Community Trades in Arizona

    Blueprint represented an institutional seller in the sale of its stand-alone memory care community in the Lake Havasu City-Kingman, Arizona MSA. Built in 2009, the asset features 48 units with 60 beds and received approximately $2 million in recent capital improvements. There is opportunity for occupancy growth and rental rate optimization. ... Read More »
  • Clarion Partners Continues Its Acquisition Streak

    Clarion Partners continued on its acquisition streak, adding two communities in California to its growing portfolio. The latest deal featured The Commons on Thornton and The Commons at Union Ranch, two seniors housing communities totaling 198 units in California’s Central Valley. They were previously owned and operated by MBK Senior Living, which... Read More »
  • Multiple Senior Care Acquisition Financings Close

    M&A transactions are getting done at a near-historic pace, and CIBC Bank USA recently financed three deals. The largest was $43.3 million in acquisition financing for two senior care assets in the Nashville area of Tennessee. The properties include a combined 310 independent living units, 273 skilled nursing beds and 93 assisted living/memory... Read More »
  • Olympus Retirement Living Expands

    The Zett Group closed the sale of a 63-unit assisted living/memory care community in the Boise, Idaho market. Set in the town of Emmett, Meadow View Senior Living was trending positively in its operations, but there was still some work to be done. An owner/operator engaged Blake Bozett and Spud Batt to sell the community to an undisclosed buyer.... Read More »
  • Large Senior Care Portfolio Trades Hands

    A portfolio comprising senior care assets across Washington State recently sold with the help of JCH Senior Housing Investment Brokerage. At first, only one of the assets was brought to market, but an offer emerged for the entire nine-facility portfolio. The price for the skilled nursing, assisted living and independent living campuses ranged... Read More »
Greystone Closes Largest Healthcare CLO

Greystone Closes Largest Healthcare CLO

Greystone is having a productive final month of the year, closing a couple of transactions, including the largest-ever healthcare Collateralized Loan Obligation (CLO), Greystone CRE Notes 2021-HC2, Ltd., comprising Greystone bridge loans secured on healthcare properties. The $450 million offering marks the fifth commercial real estate CLO closed by Greystone and the second-ever comprised solely of healthcare assets. Greystone had also closed the second-largest healthcare CLO, a $300 million offering in 2018.  This latest collateral pool comprises 25 whole loans and three participations totaling $403 million that Greystone originated, secured by mortgages on 28 properties in... Read More »
Greystone Arranges Financing for Atlanta Community

Greystone Arranges Financing for Atlanta Community

Greystone arranged financing for a 193-unit seniors housing complex in Atlanta owned by Harbert Seniors Housing Fund I LP. Matt Miller of Greystone’s Senior Housing Capital Markets Team handled the transaction, which did not disclose loan amounts. However, a large regional bank provided the funds, which include a three-year term. The property, managed by an experienced regional operator, includes independent living, assisted living and memory care units across two construction phases, the second of which was completed in late 2020.  Read More »
Greystone Arranges Financing for Atlanta Community

Greystone Provides Refinancing For Atlanta Community

Greystone’s Senior Housing Capital Markets Team has provided refinancing for a 193-unit seniors housing community in Atlanta, Georgia. Matt Miller led the team, providing the financing on behalf of Harbert Seniors Housing Fund I, L.P. The transaction was closed with a large regional bank and has a three-year term.  The property, managed by an experienced regional operator, includes independent living, assisted living, and memory care units across two construction phases, the second of which was completed in late 2020. This community offers a range of independent living unit configurations, and features a heated pool, walking gardens, fitness center, salon & spa, library, theater,... Read More »
Greystone Arranges Financing for Texas Community

Greystone Arranges Financing for Texas Community

Greystone’s Tyler Armstrong originated a $28.3 million loan to refinance a 96-unit seniors housing community in North Richland Hills, Texas owned by StoneCreek Real Estate Partners. The Freddie Mac Optigo non-recourse financing has a 10-year term, 30-year amortization schedule and five-year interest-only period. With it, StoneCreek will take out a $15.6 million construction loan provided by Origin Bank in 2017. Built in 2019 and operated by Civitas Senior Living, StoneCreek of North Richland Hills provides independent living, assisted living and memory care units across its five-acre property. Despite opening just a couple of years ago, it already boasts an occupancy of 98%. Units range... Read More »
Greystone Secures Construction Financing For Missouri Project

Greystone Secures Construction Financing For Missouri Project

Greystone’s Matt Miller and Tyler Armstrong secured a $35.9 million construction loan on behalf of a joint venture between Shelbourne Healthcare and Cedarhurst for the new development of Shelbourne at Chesterfield in Chesterfield, Missouri. The 8.2-acre lot was acquired by Shelbourne Healthcare in 2018 for $4.4 million. The 150-unit senior housing development will contain 96 independent living units, 37 assisted living units and 17 memory care units. There will be studio, one- and two- bedroom options. The Greystone Senior Housing Capital Markets team facilitated the financing, which includes a five-year loan funded by a large regional bank. Moseley Architects is designing the... Read More »