• Grace Management Adds Five Ventas Communities

    Grace Management expanded its relationship with Ventas, adding five seniors housing communities owned by the REIT to its operating portfolio. The communities were previously managed under a triple-net lease structure. They include Brookdale Lake Shore Drive in Chicago, Illinois, Brookdale Northbrook in Northbrook, Illinois, Brookdale Springs Mesa... Read More »
  • Seller Boosts Census Ahead of Sale to JV

    Senwell Senior Investment Advisors sold Rose Hill Retirement Community, a 66-unit, 87-bed assisted living community in Marion, North Carolina. Originally built as a hospital, Rose Hill has been transformed by the seller over the past two decades into a senior care community. After a previous attempt to sell the community was unsuccessful,... Read More »
  • Joint Venture Buys Orange County Community

    A high-end seniors housing community in Orange County sold with the help of CBRE National Senior Housing. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged acquisition financing from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »
  • Developer Secures Construction Financing

    JLL Capital Markets arranged a $47 million construction financing for The Arbella at Blue Hills, a 164-unit, active adult community to be developed in Bloomfield, Connecticut. JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut.... Read More »
  • Midwest-Based Operator Refinances AL/MC Communities

    MONTICELLOAM, LLC, along with firm affiliates, provided a $28.5 million senior bridge financing for two Midwest seniors housing communities. The financing was originated by Karina Davydov, Senior Managing Director, Originations. The sponsor, a Midwest-based operator with a portfolio of over 40 seniors housing and healthcare properties and a... Read More »
Walker & Dunlop Arranges Atlanta Active Adult Acquisition

Walker & Dunlop Arranges Atlanta Active Adult Acquisition

Walker & Dunlop Investment Sales arranged the sale of a class-A active adult community in the Atlanta, Georgia MSA. The W&D Seniors Housing team including Jordyn Berger and Joshua Jandris, as well as the W&D Atlanta Multifamily Team including Kris Mikkelsen, Pat Jones and Chris Goldsmith, collaborated on the transaction. Just built in 2020, Everleigh Halcyon Village features 160 units on 1.9 acres. It includes one-bedroom units with 848 square feet and two-bedroom units with 1,195 square feet.   The community is integrated within the mixed-use village, Halcyon, which has over 535,000 square feet of office and retail space and over 100 single-family homes selling at between... Read More »
Walker & Dunlop Hire Dedicated Housing Expert in Southern California

Walker & Dunlop Hire Dedicated Housing Expert in Southern California

Walker & Dunlop, Inc. has hired Gideon Orion as Managing Director on its investment sales platform. Most recently working for Blueprint Healthcare Real Estate Advisors, Mr. Orion is based in Los Angeles and will join the firm’s national seniors housing property sales team led by Managing Director Joshua Jandris. Mr. Orion will be focused on originating and executing seniors housing property sales opportunities across the United States.  He has a strong track record and brings additional skill to Walker & Dunlop’s seniors housing sales team, in addition to expanding the firm’s existing footprint in Southern California. In fact, Mr. Orion represents the first dedicated... Read More »
Walker & Dunlop Provide Funds to SNF Portfolios Struggling During COVID

Walker & Dunlop Provide Funds to SNF Portfolios Struggling During COVID

Walker & Dunlop, Inc. announced that it structured a little over $77 million in financing for two skilled nursing portfolios totaling ten properties and 848 units. The Cascades Portfolio, located throughout Utah, totals seven properties and 693 units. The Rollins-Nelson Portfolio includes three properties and 155 units located in Englewood, Long Beach, and Perris, California. Walker & Dunlop’s Kevin Giusti, Brian Neal, and Andrew Westling arranged financing from HUD, a regional bank and a finance company to provide for the Cascades portfolio. For the Rollins-Nelson portfolio, the team refinanced the existing HUD loan, capitalizing on a low interest rate and extending the term... Read More »
Walker & Dunlop Facilitates Refinancing of Six Illinois SNFs

Walker & Dunlop Facilitates Refinancing of Six Illinois SNFs

Walker & Dunlop recently announced a $43.2 million refinancing for six skilled nursing facilities located across Illinois: Aperion Care Bridgeport, Aperion Care Burbank, Aperion Care Dekalb, Aperion Care Litchfield, Aperion Care Wilmington, and Rock River Health Care. Totaling 640 beds across 277 units, the portfolio received HUD financing, with Aperion Care Dekalb also transferring its physical assets through Walker & Dunlop. AC Bridgeport received $3.88 million, AC Burbank received $6.88 million, AC Dekalb received $6.28 million, AC Litchfield received $3.55 million, AC Wilmington received $16.24 million and Rock River Health Care received $6.4 million.  Read More »
Walker & Dunlop Advise Joint Venture on Construction Financing

Walker & Dunlop Advise Joint Venture on Construction Financing

Walker & Dunlop has advised an equity partnership on a $300 million construction financing arranged by Huntington National Bank for a luxury life plan community in Tysons, Virginia.  Tysons LPC, LLC is a 50/50 partnership between Mather Investments and Westminster Capital. It will own the to-be-built CCRC entitled The Mather — a two-building project consisting of 300 independent living apartments, 60 assisted living apartments, 20 memory care suites and 42 skilled nursing suites. The community will be completed in two phases, with the first phase expected to open in early 2024.  The Mather has been designed for transit accessibility, a walking lifestyle and environmental... Read More »