Meridian Capital Group’s Impressive March Activity
Meridian Capital Group has had a productive start to the year, including an especially busy last few weeks. We imagine they gained some knowledge from closing deals during that period, which could not have been straightforward. So far in 2020, the group has arranged $563 million in financing for skilled nursing, assisted living and memory care communities, and in the last three weeks they closed $301 million in financings across seven states. Working through a commercial bank, the team of Ari Adlerstein, Ari Dobkin and Josh Simpson first arranged a $34 million refinance of four memory care communities totaling 264 units in Florida, New York, Ohio and Arizona. Also, in Florida, they... Read More »
Meridian Capital Closes Two New England Acquisitions
Meridian Capital Group’s mortgage brokerage business has been red-hot so far this year, but its investment sales side has been quite robust as well. All told, the team at Meridian has closed nearly $2.8 billion in business, so far in 2019. Not too shabby. Most recently, Ari Adlerstein, Ari Dobkin and Josh Simpson announced two portfolio sales closed for skilled nursing clients in New England. The first transaction saw six skilled nursing facilities and 536 total beds sold to an institutional buyer. A regional operator is taking over the operations under a triple-net lease. Meridian also arranged a balance sheet loan with a national lender, plus a separate A/R line of credit, to fund the... Read More »
Meridian Capital Moves Past $2.3 Billion
Meridian Capital Group’s seniors housing and healthcare team is having quite a year, reaching $2.31 billion in transaction volume in 2019, so far. That volume is through a total of 63 transactions closed across 27 states for skilled nursing, assisted living, memory care and independent living properties. Helping achieve that impressive level, the group, which is led by Ari Adlerstein, Ari Dobkin and Josh Simpson, closed a couple of very large transactions in the last month, most notably a $241 million acquisition financing for 19 skilled nursing facilities and 2,175 total beds in the Northeast and Mid-Atlantic. The trio was also responsible for arranging the $157 million in financing used... Read More »
Northwind Group and KeyBank Finance Peace Capital Acquisition
Peace Capital and its affiliated operator Complete Care Management acquired a senior care portfolio number some 930 beds in Ocean County, New Jersey, for approximately $169 million, or about $181,700 per bed. The financing for the deal came from a couple different sources. As part of its effort to deploy up to $1 billion into senior living and healthcare properties, New York City-based private equity firm Northwind Group provided a $26 million mezzanine loan for the acquisition. Meanwhile, KeyBank Real Estate Capital underwrote and closed the $131 million in senior financing and expects to lead the refinance of the portfolio with HUD debt. Jonathan Slusher and Ran Eliasaf led the mezzanine... Read More »Schedule a demo
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