Senior Dwelling Dealbook: Ascent Dwelling Extends Portfolio; Capital Funding Group Funds $1.3B in 2024

Senior Dwelling Dealbook: Ascent Dwelling Extends Portfolio; Capital Funding Group Funds .3B in 2024


Transactions

Ascent Dwelling Communities added Excessive Plains Crossing to its portfolio.

Following the acquisition, Ascent’s portfolio now includes greater than 750 senior residing models offering unbiased residing, assisted residing and reminiscence care choices.

In response to a press launch, Ascent will implement its extremely targeted and confirmed “Touchpoints Reminiscence Care” programming on the Excessive Plains Crossing neighborhood.

Walker and Dunlop closes on two gross sales

Walker and Dunlop’s seniors housing group accomplished two gross sales in January.

In response to a press launch, the primary transaction was accomplished on behalf of a Georgia-based nonprofit, which offered three expert nursing services totaling 448 beds.

The group additionally closed the sale of an institutional-owned senior residing neighborhood in Colorado, which was acquired by a Colorado-based actual property funding belief.

Blueprint sells 180-bed California SNF curiosity

Blueprint was engaged by a world financial institution to promote its curiosity in a 180-bed expert nursing facility in Northern California.

In response to a press launch, the mortgage on the power was in default regardless of sturdy historic efficiency and occupancy.

The discharge states an skilled California-based proprietor and operator was in the end chosen as the client of the notice.

ESI brings purchaser to New Jersey

Evans Senior Investments introduced it introduced a brand new purchaser to New Jersey with the sale of The Heritage Assisted Dwelling in Hammonton.

A press launch states ESI was introduced on by the unbiased proprietor and lender so as to maximize the worth of the property.

An East Coast proprietor and operator was chosen as the client for the neighborhood, marking the operator’s first location within the state.

Senior Dwelling Funding Brokerage introduced it offered an assisted residing and reminiscence care neighborhood in Rochester, New York.

A press launch states the neighborhood was in-built 2016 and consists of 78 models.

The vendor is a public, non-listed actual property funding belief targeted on seniors housing properties all through america, and the client is a personal actual property funding firm that’s partaking a New York-based operator, the discharge mentioned.

Financings

Capital Funding Group funds $1.3B in 2024

Capital Funding Group introduced all through 2024, the corporate was in a position to execute and prepare greater than $1.3 billion all through 2024.

A press launch states the group was in a position to shut 68 bridge and HUD loans offers over the course of the 12 months.

The most important deal was a $207.1 million bridge-to-HUD time period mortgage used to buyout a portfolio consisting of 13 expert nursing services.

Walker and Dunlop arranges $25.9M financing

Walker and Dunlop introduced it organized $25.9M in everlasting financing for Rivertown Ridge in Grand Rapids, Michigan.

In response to a press launch, the Walker and Dunlop group partnered with Inside Circle Holdings to construction the 10-year, fixed-rate Fannie Mae mortgage with three years of interest-only funds to Redstone Group Administration Inc.

Rivertown Ridge is a 152-unit senior housing neighborhood that was in-built 2019.

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