• National Lending Group Divests in Wisconsin

    by | Apr 25, 2024 3:31 pm | Acquisitions

    Justin Knapp, Nick Stahler and Ray Giannini of Marcus & Millichap recently closed the receivership sale of an 86-bed skilled nursing facility in Wisconsin. The Knapp-Stahler Group represented the seller, a national lending group that also provided financing for the deal.  The borrower/buyer was a local operator with ties to an East... Read More »

  • CFG Secures Bridge-to-HUD Loan for Ohio Skilled Nursing Facility

    by | Apr 25, 2024 3:30 pm | Financings

    Capital Funding Group secured financing for a skilled nursing facility in Ohio on behalf of a nationally recognized borrower. The bridge-to-HUD loan totals $13.5 million and supports the refinancing of this 120-bed SNF. Tim Eberhardt and Ava Julio of CFG originated the transaction.  This financing follows CFG’s closing of two HUD loans on... Read More »

  • CBRE Secures Financing For Class-A Seniors Housing Community

    by | Apr 25, 2024 3:29 pm | Financings

    CBRE secured financing for a Class-A seniors housing community in North Dakota on behalf of a joint venture borrower. Built in 2017, New Perspective West Fargo is in Fargo, one mile from Sanford Medical Center, North Dakota’s newest and largest medical center. The community features 128 independent living, assisted living and memory care units... Read More »

  • PCP Purchases Ohio Assisted Living Community

    by | Apr 25, 2024 3:27 pm | Acquisitions

    Phorcys Capital Partners LLC, the investment advisor to Phorcys Senior Housing Recovery Fund LP (SHRF), announced it acquired a seniors housing community in Wickliffe, Ohio, through a trustee-directed short sale for $13.0 million, or $81,000 per unit. This is PCP’s second investment in SHRF, and it will continue to focus on the winding down of... Read More »

  • Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »
McFarlin Group Buys Value-Add Florida Community

McFarlin Group Buys Value-Add Florida Community

by | Feb 10, 2022 2:51 pm | Acquisitions

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parkside Assisted Living and Memory Cottage, a three-story 65-unit/94-bed seniors housing community in Port Charlotte, Florida. The community was developed by a local neurologist and managed by his family upon his untimely death in early 2017. Nevertheless, it opened in October 2017 and reached 62% occupancy prior to the pandemic. However, occupancy decreased through 2020 and reached its low at the end of 2021.  The buyer is an affiliate of Dallas-based McFarlin Group, which develops, owns, and asset manages senior housing communities throughout the Sun Belt. For an undisclosed price,... Read More »
Greystone Gets It Done

Greystone Gets It Done

by | Dec 15, 2017 7:02 am | Financings

Aspens Senior Living partnered with Greystone to obtain construction financing for two of its latest seniors housing projects located in North Carolina and Arizona. First, to the Tar Heel state, where Aspens and joint venture partner Pennybacker Capital are currently building a 182-unit independent living community in Raleigh. A regional bank provided a $24.2 million loan to fund the construction. Then, in Gilbert, Arizona, Aspens, Pennybacker Capital and McFarlin Group are developing a 204-unit independent living community, with the help of a $25.8 million loan provided by a publicly traded bank and also arranged by Greystone. Greystone also snuck in a $16.5 million HUD loan arranged by... Read More »