Transactions
Senior Residing Communities introduced it has acquired its sixteenth neighborhood in The Gables, a neighborhood in Greenville, South Carolina.
The growth “strengthens the corporate’s presence within the Upstate area and furthers its mission to ship distinctive, person-centered care to seniors and their households,” a press launch states.
Senior Residing Communities plans to deliver its “luxurious requirements and award-winning applications” to households within the area, the discharge stated.
Commonwealth Senior Residing grows in Michigan
Commonwealth Senior Residing introduced it’s persevering with to develop in Michigan with the addition of Buchanan Meadows in Buchanan, Michigan and Golden Orchards in Fennville, Michigan.
The transaction brings Commonwealth’s presence within the state as much as six communities.
Every neighborhood provides 40 models to the corporate’s portfolio.
Berkadia introduced it bought The Oasis at Coral Reef, a 201-unit impartial residing, assisted residing and reminiscence care neighborhood in Miami, Florida.
The neighborhood was bought to Tennessee-based Winterpast Capital Companions, based on a press launch.
The client is taking on administration underneath their Vitality Senior Residing working firm.
Blueprint introduced its involvement within the sale of a seniors housing neighborhood in Roswell, Georgia.
Following the transaction, the neighborhood is about to be transformed into an 80-bed residential behavioral well being facility, based on a press launch.
Blueprint secured a signed letter of intent inside 14 days of placing the neighborhood available on the market and the asset traded at $93,000 per unit, the discharge states.
Financings
Berkadia closes on 4 HUD loans
Berkadia introduced its Managing Director Jay Healy and Director Andrew Lanzaro closed on 4 HUD 232/223(f) loans totaling $64.4 million up to now 30 days.
The loans have been obtained on behalf of three sponsors and secured by three seniors housing communities and a nursing dwelling spanning Hawaii, Texas and Washington, based on a press launch.
The loans have been used for both refinancing or retiring financial institution development debt and convertible possession debt, the discharge states.
Cushman & Wakefield arranges $40M fairness increase
Cushman & Wakefield introduced it served because the advisor to Distinctive Healthcare for a $40 million fairness increase and recapitalization of the Seascape at Naples.
The 196-unit neighborhood presents facilities together with communal inexperienced area, a resort-style pool with lounge areas, on-site medical companies, enrichment applications, meal and snack service, housekeeping and flat-linen service, a press launch states.
“This acquisition marks a big milestone not only for the asset, however for the broader senior housing market, which has seen restricted transaction exercise in recent times,” Aaron Graves of Cushman & Wakefield’s fairness, debt and structured finance group stated within the launch.
BMO Healthcare Actual Property lends $45M on behalf of Kisco Senior Residing
BMO Healthcare Actual Property introduced it acted as the only real lender on an actual property time period mortgage refinancing on behalf of Kisco Senior Residing for its La Posada neighborhood.
The 333-unit persevering with care retirement neighborhood presents impartial residing, assisted residing, reminiscence care and expert nursing, a press launch states.
Kisco manages 33 senior communities throughout 10 states.
