• Grace Management Adds Five Ventas Communities

    Grace Management expanded its relationship with Ventas, adding five seniors housing communities owned by the REIT to its operating portfolio. The communities were previously managed under a triple-net lease structure. They include Brookdale Lake Shore Drive in Chicago, Illinois, Brookdale Northbrook in Northbrook, Illinois, Brookdale Springs Mesa... Read More »
  • Seller Boosts Census Ahead of Sale to JV

    Senwell Senior Investment Advisors sold Rose Hill Retirement Community, a 66-unit, 87-bed assisted living community in Marion, North Carolina. Originally built as a hospital, Rose Hill has been transformed by the seller over the past two decades into a senior care community. After a previous attempt to sell the community was unsuccessful,... Read More »
  • Joint Venture Buys Orange County Community

    A high-end seniors housing community in Orange County sold with the help of CBRE National Senior Housing. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged acquisition financing from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »
  • Developer Secures Construction Financing

    JLL Capital Markets arranged a $47 million construction financing for The Arbella at Blue Hills, a 164-unit, active adult community to be developed in Bloomfield, Connecticut. JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut.... Read More »
  • Midwest-Based Operator Refinances AL/MC Communities

    MONTICELLOAM, LLC, along with firm affiliates, provided a $28.5 million senior bridge financing for two Midwest seniors housing communities. The financing was originated by Karina Davydov, Senior Managing Director, Originations. The sponsor, a Midwest-based operator with a portfolio of over 40 seniors housing and healthcare properties and a... Read More »
Meridian Pushes Past $1 Billion In Financings

Meridian Pushes Past $1 Billion In Financings

Already $1.0 billion deep into its 2018 transaction total by October, Meridian Capital Group took less than a month to close another $217 million in financings. Ari Adlerstein, Ari Dobkin and Josh Simpson did that by arranging the refinance of a large skilled nursing portfolio, the $9 million cash-out refinance of an assisted living community in Pittsburgh, Pennsylvania and an $18 million acquisition loan for a long-term acute care/skilled nursing facility in Ohio. Since the team’s inception in 2011, they have now closed more than $5 billion in financing for seniors housing and healthcare properties. Read More »
Meridian Capital Group’s Billion-Dollar Year (So Far)

Meridian Capital Group’s Billion-Dollar Year (So Far)

The team at Meridian Capital Group just hit $1.0 billion in seniors housing and health care financings so far this year. That impressive haul is spread across more than 40 transactions in 16 states. Most recently, the team, led by Ari Adlerstein, Ari Dobkin and Josh Simpson, arranged $36 million in acquisition financing for a 700-bed skilled nursing/assisted living portfolio in Indiana. The same trio also arranged $24 million in acquisition financing for a portfolio of rehabilitation and skilled nursing facilities with 383 beds in Kansas and Nebraska, and a $20 million construction loan for a 124-bed assisted living/memory care community in Florida. Well done! Read More »
Meridian’s $650 Million Year, So Far

Meridian’s $650 Million Year, So Far

Meridian Capital Group is on track for a strong year, to say the least. After seven months, the seniors housing and healthcare team has already arranged $650 million in financing across skilled nursing, independent living and assisted living properties. Most recently, the team of Ari Adlerstein, Ari Dobkin and Josh Simpson arranged an $18.75 million refinance of two skilled nursing facilities (and 318 total beds) in Rhode Island, as well as a $2 million revolving line of credit on behalf of a 120-bed skilled nursing facility in Arizona. Other recent highlights include a $69 million loan for four skilled nursing facilities with 654 beds and two home care licenses in New Jersey, a $34... Read More »
Meridian Capital Group’s Impressive Spring

Meridian Capital Group’s Impressive Spring

It’s been a sizzling Spring so far for Meridian Capital Group, which has so far closed $121.5 million in financing since mid-March. The most recent financings were arranged by the trio of Ari Adlerstein, Ari Dobkin and Josh Simpson on behalf of eight skilled nursing facilities in Florida, New Jersey, Connecticut and Maryland. The largest featured both a $42.4 million acquisition financing and a line of credit for a 230-bed facility in Miami Beach. The trio arranged two other acquisition loans, including a $9.2 million loan for a 106-bed SNF in Baltimore, Maryland, and $10.2 million in financing for two facilities with 120 total licensed beds in Deland, Florida. Finally, Meridian arranged... Read More »
Meridian Capital Group Closes $77 Million In Financings

Meridian Capital Group Closes $77 Million In Financings

Meridian Capital Group showed off its range in closing financings for three clients, including two acquisition loans and a HUD refinance. Ari Adlerstein and Ari Dobkin first worked on behalf of a regional operator to arrange a $16.3 million HUD loan that refinanced a 120-bed skilled nursing facility in Ocean View, New Jersey. Then, for another regional operator, the pair secured a $12.8 million acquisition loan for the borrower to purchase a portfolio of three skilled nursing facilities in Massachusetts that total 286 beds. A balance sheet lender provided the five-year loan, which featured a floating interest rate over the 30-day LIBOR. And finally, a balance sheet lender again provided a... Read More »