Meridian Capital Group Nearing $1 Billion Senior Care Year

Meridian Capital Group is fast approaching the $1 billion mark for deals closed in the seniors housing and senior care market and just added four more transactions (and over $73 million) to its total. First, the firm sourced $8.3 million in equity capital on behalf of The Calida Group (a multifamily/seniors housing developer) for a […]

Two Transactions From HJ Sims

HJ Sims recently helped a CCRC in Ponte Vedra Beach, Florida (Jacksonville MSA) refinance its existing bond debt, generating significant savings for the well operating property. Developed in the mid-1980s, this community features 227 independent living units, 38 private assisted living units and 60 skilled nursing beds. Occupancy has historically been high and consistently over […]

Meridian in Massachusetts

New York City-based Meridian Capital Group is helping an undisclosed buyer with the purchase of three skilled nursing facilities and one assisted living community in Massachusetts. Led by Ari Adlerstein, Ari Dobkin and Josh Simpson, the firm arranged a two-year $64 million bridge-to-HUD loan, provided by a finance company, with a full-term of interest-only payments. […]

High price for the Upper West Side

Seniors housing deals valued above $500,000 per unit are rare. In fact, in our M&A database dating back to 1993, only nine have been announced in the U.S. (all since 2015). And up until this month, we only had one domestic deal above $600,000 per unit, which was Health Care REIT’s acquisition of three senior […]

Meridian primes Continuum for HUD

Continuum Healthcare has been busy growing its portfolio and is now looking for permanent financing for the six of its skilled nursing facilities in New Jersey and Pennsylvania they acquired over the last three years. In the meantime, Meridian Capital Group has arranged $135.5 million in bridge financing for the facilities. The loan came with a […]