Capital One Closes A Big One

Capital One flexed its banking muscles when it provided just over $551 million in financing to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Sentio Healthcare Properties. Announced back in May, the high-profile acquisition included all 34 of Sentio’s seniors housing and medical office properties, and was valued around $825 million. To fund […]

Big Deals Are Back

Big seniors housing and care companies are back in vogue as acquisition targets, and they are all occurring with the specter of a Brookdale Senior Living buyout looming over the market. First came Kayne Anderson Real Estate Advisors’ $825 million acquisition of Sentio Healthcare Properties and its portfolio of 34 seniors housing and medical office […]

Sentio Healthcare Properties Agrees To Sell

In breaking news, Kayne Anderson Real Estate Advisors announced that it entered into a definitive merger agreement to buy Sentio Healthcare Properties, which is partly owned by KKR (NYSE: KKR), in a transaction valued at $825 million.  Kayne is paying $14.37 per Sentio share in cash about 11.5 million shares) with some upward adjustments that […]

Recapitalizing with KeyBank

Grant Saunders, Sarah Belmont and Charlie Shoop of KeyBank Real Estate Capital all went to work to recapitalize a portfolio of eight seniors housing and care properties owned by Sentio Healthcare Properties, Inc. First, Saunders and Belmont helped the Orlando-based public, non-traded REIT refinance five of its properties, located in Texas, Florida, New Jersey and […]

Trifecta from CBRE

Aron Will of CBRE National Senior Housing arranged a trifecta of acquisition financings totaling approximately $50 million. All three loans were floating rate bridge loans with five-year terms and between 24 and 30 months of interest only. The first was a $14.5 million loan provided by a regional bank for Capitol Seniors Housing to acquire […]

A new Kansas City senior living project

Sentio Healthcare Properties, with development partner O’Reilly Development Company of Springfield, Missouri, is taking a big step into the Kansas City-area market, with the development of a $22.4 million, 142-unit senior living project (costing $157,747 per unit), The Parkway of Blue Springs, Missouri, expected to open in the summer of 2015. Arrow Senior Living will be […]