• Carnegie Capital Announces Latest Closings

    by | May 29, 2020 4:41 pm | Financings | 0 comments

    JD Stettin of Carnegie Capital has certainly had his hands full recently, having closed a couple of refinances in the Pacific Northwest, no easy task in the early days of COVID-19, we’re sure.   Mr. Stettin first sourced and structured a cash-out refinance of a 60-unit memory care community near Eugene, Oregon. Featuring a roughly 50-50 mix of... Read More »

  • PGIM Refinances Tennessee Senior Living Community

    by | May 29, 2020 4:38 pm | Financings | 0 comments

    PGIM Real Estate announced its latest transaction, with Executive Director Chris Fenton leading the way. It involved a $10.6 million HUD refinance of a senior living community in Ashland City, Tennessee. Built in 2015 with 100 beds in 80 units, the community provides assisted living and memory care services in a four-story building.   Thunderhawk... Read More »

  • Greystone Arranges HUD Construction Debt

    by | May 29, 2020 4:37 pm | Developments, Financings | 0 comments

    Working through HUD, Lisa Fischman of Greystone facilitated construction financing for an assisted living community to expand its Buffalo, New York-area campus. Originally built in 2003 with 110 beds in 84 units, the community is located on a 20-acre campus. Onsite amenities including a theater, physician’s office and beauty salon certainly... Read More »

  • Genesis HealthCare’s Shares Double in Value

    by | May 29, 2020 4:48 am | Opinion | 0 comments

    Leading up to Genesis HealthCare’s first quarter earnings release and conference call, the company’s share price took off. The rise started on May 22 when it jumped by 22% on high volume, but then it added another 35% on volume that was 10 times the average. In the course of four days, the price more than doubled, from $0.63 per share to $1.37... Read More »

  • Looking for Answers in the Lending Market: A Q&A with Alec Blanc of Monarch Advisors

    by | May 28, 2020 4:47 pm | Financings | 0 comments

    To get a sense of what is going on in the capital markets in this immediate post-COVID-19 world, we turned to Alec Blanc of Monarch Advisors for his own thoughts.   How has the lending environment changed from the beginning of the second quarter to now?  Overall, there is less debt capital available than there was prior to the COVID-19 crisis. ... Read More »
CBRE Finances Silverstone/Crescent Acquisition

CBRE Finances Silverstone/Crescent Acquisition

by | Aug 9, 2019 1:43 pm | Acquisitions, Financings | 0 comments

A joint venture between Silverstone Senior Living and Crescent Real Estate LLC turned to Aron Will, Austin Sacco and Tim Root of CBRE to arrange financing for its acquisition of a 120-unit assisted living/memory care community in Palm Beach Gardens, Florida. Opened in 2017, the property was developed by both an affiliate of Silverstone and an institutional equity partner, which is presumably exiting with this deal. It features some desirable amenities, like a virtual bowling alley, an onsite doctor’s office and an art studio. Harbor Retirement Associates was hired to operate the community and will continue to do so. CBRE funded the deal with a non-recourse loan from a regional bank. The... Read More »