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Bascom’s First Seniors Housing Acquisition of 2024
by mallozzi | Apr 16, 2024 4:01 pm | Acquisitions, Financings | 0 comments
The Bascom Group, a private equity firm specializing in value-add multifamily, commercial and non-performing loans, real estate-related investments and operating companies, acquired a seniors housing community in Boulder City, Nevada, to expand its portfolio. This marks its fifth acquisition of 2024, but first in seniors housing, following the... Read More » -
Forbright Bank Closes Three Bridge Loans
by Ben Swett | Apr 16, 2024 4:00 pm | Acquisitions, Financings | 0 comments
Forbright Bank’s Healthcare Lending team closed three new bridge loans in the first quarter of 2024 to help finance the acquisition of two assisted living communities and two skilled nursing facilities in the Southeast and Midwest. In total, the properties comprised around 500 beds and ranged in age from a few years to 15 years old. Renovations... Read More » -
Medistar Divests to Ignite in Texas
by mallozzi | Apr 16, 2024 3:59 pm | Acquisitions | 0 comments
Blueprint was enlisted by a private investor/developer, Medistar, to divest its value-add, senior care campus in Katy, Texas. Built in 2018, the campus features 70 skilled nursing beds and 78 assisted living units (with 34 beds). The campus maintained a steady lease-up trajectory that was halted due to the pandemic. With a minimal amount of... Read More » -
60 Seconds with Swett: The Battle of the Brokers
by Ben Swett | Apr 16, 2024 3:26 pm | 60 Seconds | 0 comments
This Thursday, April 18th at 1pm ET, The SeniorCare Investor will be hosting its first ever Quarterly Investor Call, a virtual event available to our readers that will bring together the latest M&A and valuation data from our platform LevinPro LTC, relevant deal case studies and a robust Q&A period with our audience. Editor-at-large Steve... Read More » -
Discussing HUD’s New Guidelines with Tim Eberhardt of CFG
by Ben Swett | Apr 15, 2024 9:47 am | Interviews | 0 comments
The SeniorCare Investor Managing Editor Ben Swett sat down with Tim Eberhardt, the Chief Lending Officer for Bridge and HUD Loans at Capital Funding Group, to discuss HUD’s new guidelines for Portfolio Corporate Credit Reviews, and how this could affect borrowers in 2024. Read More »