Many Impacts of COVID, But “Stupidity” Factor May Grow

by Steve Monroe | Sep 22, 2020 4:17 pm | 60 Seconds, Opinion | 0 comments

The views on where we are in this pandemic are bifurcating, just like in the acquisition market, but we are also dealing with the “stupidity” factor. Just like in the acquisition market, where values and cap rates have been bifurcating between the top “A” properties and the rest of the market, so are opinions as to the current state... Read More »

SLIB Facilitates Owner/Operator’s Senior Living Exit

by Ben Swett | Sep 22, 2020 4:15 pm | Acquisitions | 0 comments

A Lexington, Kentucky-based developer, owner and operator exited the senior living business with the sale of its only asset thanks to the work of Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage. This community was previously an elementary school in Mt. Sterling, Kentucky, but was converted to senior living by the... Read More »

Ziegler Secures Large Bond Financing for Texas Project

by Ben Swett | Sep 22, 2020 4:13 pm | Financings | 0 comments

Ziegler announced a large bond financing to fund the development of a not-for-profit senior living community in Fort Worth, Texas. The sponsor, Methodist Retirement Communities (MRC), will add 172 independent living, 40 assisted living and 24 memory care units to its portfolio with the project, which is set on about 19 acres... Read More »

M&T Realty Finances Virginia Acquisition

by Ben Swett | Sep 22, 2020 4:07 pm | Acquisitions, Financings | 0 comments

M&T Realty Capital Corp. secured financing to support Irvine, California-based Avanath Capital Management’s acquisition of an affordable senior apartment community in Sterling, Viriginia (Washington, D.C. MSA). Developed in 2001 with low-income housing tax credits, the 150-unit community was previously owned by a private local... Read More »

Ohio Renovation Receives Variety of Funding

by Ben Swett | Sep 22, 2020 4:02 pm | Developments | 0 comments

A senior apartment community in Dayton, Ohio is getting a substantial renovation with the help of financing from a variety of sources. The building is a federal historic site, originally built in 1929 as the Dayton Biltmore Hotel. It converted to affordable senior living in 1981 and currently features 230 units in 18 stories, with over 23,000... Read More »