• PACS Gets Trading Period Extension

    by | Sep 12, 2025 3:37 pm | Uncategorized

    PACS Group is trying to right the ship as it works to restate its prior financial statements amid an investigation into its Medicare billing practices, and return to providing regular quarterly earnings statements. The New York Stock Exchange Listing Operations Committee did agree to provide PACS with an additional trading period through November... Read More »

  • Outcome Healthcare Acquires Pennsylvania SNF

    by | Sep 12, 2025 3:35 pm | Acquisitions

    Evans Senior Investments facilitated the sale of Mahoning Valley Nursing & Rehabilitation Center, a 142-bed skilled nursing facility in Lehighton, Pennsylvania. The seller, an independent owner, faced increasing financial and operational pressures in today’s skilled nursing environment. The selected buyer was a regional operator with a... Read More »

  • Full Continuum Community Obtains Refinancing

    by | Sep 12, 2025 3:33 pm | Financings

    CBRE National Senior Housing refinanced The Pointe at Meridian, a 100-unit seniors housing community in Meridian, Idaho. Built in 2022, The Pointe at Meridian was built in 2022 and consists of 60 independent living units, including 14 townhome units, 30 assisted living units and 10 memory care units. Grace Management took over management of the... Read More »

  • Arizona Seniors Housing Development Secures Construction Financing

    by | Sep 12, 2025 3:32 pm | Financings

    Fifty Stones Capital Group closed a $39.3 million construction loan for a seniors housing community in Chandler, Arizona. The proposed development comprises 147 units with 150 beds. The opportunity came to Fifty Stones Capital Group through a local broker.  The sponsor, an experienced local developer with a focus on multifamily and senior... Read More »

  • National Health Investors Sends Default Notice to NHC

    by | Sep 11, 2025 3:54 pm | Uncategorized

    National Health Investors is addressing violations under its longstanding lease agreement with one of its largest tenants, National HealthCare Corporation. In July, NHI notified NHC/OP, L.P., an affiliate of National HealthCare Corporation and the tenant of 32 of NHI’s skilled nursing/senior care facilities and three independent living... Read More »
Merchants Capital Finances New Middle-Income Communities

Merchants Capital Finances New Middle-Income Communities

by | May 17, 2019 12:28 pm | Financings

A Midwestern developer of affordable and middle-income senior living communities, Wallick Communities, recently opened three assisted living communities in Ohio and obtained bridge financing to fund them through lease-up towards an eventual refinance with HUD. Merchants Capital, a division of Merchants Bank, arranged the nearly $50 million in bridge loans for the three developments. They include a 124-unit community in Cincinnati (which got a $13 million loan at a 24-month term), a 131-unit property in Columbus (with a 36-month $16 million loan) and a 124-unit community on the campus of another Wallick affordable senior living community in Hilliard (which obtained a $20 million loan for a... Read More »