Transactions
Healthcare Administration Companions sells 5 Florida communities
Healthcare Administration Companions, a healthcare restructuring and consulting agency, introduced it accomplished the court-approved sale of 5 communities in Florida.
A press launch states the communities have been positioned in receivership in August 2021, with HMP being named because the receiver. In the course of the receivership, the communities reached a 35% development in census.
Three patrons have been chosen for the communities, together with Greatest Care Senior Dwelling LLC, Partin Place Senior Dwelling, LLC and PSH Acquisitions, LLC for a complete of $22.9 million.
Blueprint advises on $46M sale
Blueprint was engaged within the $46 million sale of a excessive performing assisted residing and reminiscence care neighborhood in Bergen County, New Jersey.
The neighborhood was inbuilt 1999 and consists of 120 items. A press launch states the vendor acquired greater than 10 gives for the property.
The vendor opted to go together with a purchaser group comprised of Juniper Communities and NHI REIT.
Blueprint advises on portfolio sale
Blueprint was engaged by a personal fairness agency to promote a four-community portfolio all through the Atlanta metro space.
Based on a press launch, the communities have “glorious native market reputations” and have been constructed within the late Nineties and early 2000s.
A Georgia proprietor and operator “desperate to broaden its seniors housing footprint” was chosen as the client.
Senior Dwelling Funding Brokerage introduced its involvement within the sale of Thrive on Skidway in Savannah, Georgia.
The neighborhood is “well-protected” when it comes to long-term worth and occupancy, a press launch states, attributable to limitations of developable land.
The vendor is a partnership between actual property funding and asset administration firm, Drake Actual Property Companions and Southeast developer, Equus Improvement Companions, the discharge stated. The customer is a world actual property agency.
Phorcys Capital Companions acquires Hunt Hint Senior Dwelling
Phorcys Capital Companions introduced it has acquired Hunt Hint Senior Dwelling, a 114-unit assisted residing neighborhood in Clermont, Florida.
Following the acquisition, Phorcys plans to take a position $1.5 million in the neighborhood to replace it, a press launch states.
Phorcys has now invested over $125 million within the senior residing sector and has extra acquisitions deliberate all through the rest of the yr.
ESI sells Pennsylvania expert nursing facility
Evans Senior Investments introduced it represented Monroe County in Pennsylvania for the sale of Nice Valley Manor.
The expert nursing facility consists of 174 beds and had an annual loss exceeding $7 million, in line with a press launch.
The discharge states a “revered regional owner-operator with a robust footprint in Pennsylvania” was chosen as the client.
Senior Dwelling Funding Brokerage facilitated the sale of Shepherd’s Care Assisted Dwelling and
Reminiscence Care Group in Greenville, South Carolina.
The property sits on 5.7 acres and has had quite a lot of renovations accomplished from 1960 to 2014, in line with a press launch.
The vendor, Bob Jones College, is exiting the senior residing enterprise. The college chosen a neighborhood investor partnered with a Southeast operator as the client, the discharge stated.
Financings
Lument closes $20.7M for senior residing refinancing
Lument introduced it lately closed two U.S. Division of Housing and City Improvement and Federal Housing Administration loans totaling $20.7 million.
The loans can be used to refinance Crescent Oaks Reminiscence Care and Silver Oaks Reminiscence Care in northern California.
Each loans featured “low, mounted rates of interest, and 35-year phrases and amortization schedules,” in line with a press launch.
