-
LSS Absorbs Diakon
by Ben Swett | Mar 28, 2024 3:31 pm | Acquisitions | 0 comments
Two large not-for-profits announced that they were combining to create the 12th largest not-for-profit senior living organization in the country. Lutheran Senior Services, based in St. Louis, Missouri, signed an agreement to bring Diakon Senior Living operations and four CCRCs under its umbrella. Both organizations were described by Adam Marles,... Read More » -
SNF Under Receivership Is Acquired in Kansas
by mallozzi | Mar 28, 2024 3:29 pm | Acquisitions | 0 comments
Marcus & Millichap was brought on by a limited liability company in the sale of a skilled nursing facility in Topeka, Kansas, that was under receivership. The facility, Providence Living Center, comprises 78 beds across 24,000 square feet and focuses on senior residents with mental health needs. Rod Llanos and Colby Haugness handled the... Read More » -
SLR Provides Financing for SNF
by mallozzi | Mar 28, 2024 3:28 pm | Financings | 0 comments
SLR Healthcare ABL announced that it secured financing for a 160-bed skilled nursing facility. The asset-based revolving line of credit amounted to $4.0 million, and this was the only debt for the borrower, which leases the facility from a related property company that has a mortgage with a bank. The borrower is a Nevada-based operator of... Read More » -
Chicagoland Portfolio Finds New Owner
by Ben Swett | Mar 27, 2024 9:12 am | Acquisitions | 0 comments
A value-add senior care portfolio in Chicagoland traded with the help of Blueprint’s Ryan Kelly, Connor Doherty, Alex Florea, Lauren Nagle and Brooks Blackmon. The team worked on behalf of a national developer/investor, which had engaged Blueprint to create an exit strategy for more than a dozen geographically disparate, older-vintage communities... Read More » -
Publicly Traded REIT Divests in Illinois
by mallozzi | Mar 27, 2024 9:10 am | Acquisitions | 0 comments
Berkadia was engaged in the divestment of an assisted living and memory care community in Barrington, Illinois. The Berkadia Seniors Housing Team, led by Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders, closed the transaction on behalf of a publicly traded REIT. The buyer was a regional owner/operator. But no other details were... Read More »