• Not-for-Profit to Expand Its California CCRC

    Ziegler announced the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority. This financing marks Ziegler’s first with Odd Fellows Home of California.  Odd Fellows Home of California, a California not-for-profit public benefit corporation,... Read More »
  • Joint Venture Secures Refinance for Full-Continuum Community

    CBRE National Senior Housing refinanced Harvard Square by Cogir, a full-continuum seniors housing community in Colorado owned by funds managed by affiliates of Fortress Investment Group and operated by Cogir Senior Living. Built in 1982 and significantly renovated several times over the last 10 years, the community has 41 independent living, 144... Read More »
  • Chartwell Retirement Residences Completes Portfolio Acquisition

    Chartwell Retirement Residences completed its previously announced purchase of six seniors housing communities spread throughout London (three), Dorchester, Waterloo and Mississauga in Ontario, Canada. The purchase price at closing totaled approximately CAD$416.2 million, or US$30 million. An additional CAD$15.8 million, or USD$11.36 million, is... Read More »
  • Class-A AL/MC Communities Trade on Long Island

    BWE Investment Sales’ Seniors Housing Team announced its involvement in the sale of Village Green Senior Living and Village Walk Senior Living, both in high barrier-to-entry locations on Long Island. BWE represented the seller, The D&F Development Group, in the disposition of the Class-A assets, which had the goal of building, leasing up and... Read More »
  • SLIB Tops $1 Billion in Texas Transactions

    Senior Living Investment Brokerage and Matthew Alley topped $1 billion in transaction volume in the state of Texas following the sale of a portfolio of four skilled nursing facilities. The Cascades Portfolio features a combined 647 beds and locations in Port Arthur (two), Houston and Galveston. The facilities were built from 1955 to 1993, with... Read More »
County-Owned Skilled Nursing Facility Gets More Than A Facelift

County-Owned Skilled Nursing Facility Gets More Than A Facelift

Usually we hear of counties selling their unprofitable skilled nursing facilities, but not this time. A county in Pennsylvania is building a brand-new facility to replace its existing 80-year old SNF, with the help of a $34 million loan from the USDA. Located in Bellefonte, Pennsylvania, the old facility was originally built in 1938, with additions in the 1970s and 1990s, and was experiencing higher and higher maintenance costs. Owned by Centre County, the facility was also operated by the county until 2013, when a not-for-profit board took over, leasing the property for $1 a year. Since then, the not-for-profit has improved occupancy, with a 75% Medicaid census, and made the facility... Read More »

Lancaster Pollard Lands Financing For Nonprofit Clients

Lancaster Pollard showed its strength in agency funding, closing over $40 million in financing to help a couple of not-for-profit clients expand their services. First, in Osceola, Wisconsin, Brad Competty led the way in closing a $7.1 million HUD refinance on behalf of Christian Community Homes, a senior care provider in western Wisconsin (Minneapolis-St. Paul MSA). Originally built in 1981 as a skilled nursing facility, CCH expanded its Hudson, WI campus over the years to include senior apartments (opened in 1986), assisted living (1993) and memory care (2009). More recently, in 2011, the organization expanded on a new campus in Osceola with a 40-bed skilled nursing facility and a 20-bed... Read More »