Transactions
FellowshipLife, a New Jersey-based nonprofit, introduced it has added Applewood Village into its community of communities, increasing its portfolio to 5.
Based on a press launch, Applewood Village was owned and operated by CentraState Healthcare System, and the group will nonetheless preserve ties with CentraState as “a most well-liked supplier of complete medical providers” for residents.
“We’re very proud to announce Applewood Village as the latest addition to the FellowshipLIFE household,” Brian Lawrence, president and CEO of FellowshipLIFE stated within the launch. “We’re at all times searching for methods to broaden our five-star providers, high quality healthcare choices and lifestyle-centric packages to extra older adults.”
DAS Well being expands into Canada
DAS Well being, a healthcare IT and enterprise options firm, introduced it has expanded into Canada following the acquisition of the North American Digital Well being Division of a digital transformation supplier.
Based on a press launch, DAS will supply “a extra strong portfolio of providers” to its new Canadian consumer base.
“This acquisition represents a big milestone in our progress technique,” stated Michelle Jaeger, president and CEO of DAS Well being stated within the launch. “This enlargement not solely gives a footprint in Canada but additionally enhances our capabilities throughout the senior care house.”
SLIB sells expert nursing facility in Texas
Senior Residing Funding Brokerage introduced it facilitated the sale of a talented nursing facility in Longview, Texas on July 1.
The group has 108 beds and sits on three acres of land, in response to a press launch.
The discharge states the vendor was a Texas-based partnership whose administration firm exited operations previous to the sale. The customer owns and operates different expert nursing amenities within the state, together with one in the identical market.
Blueprint introduced it was introduced on by Selectis Well being to promote a talented nursing and long-term care group in Macon, Georgia.
The group, Archway Transitional Care, options 100 beds.
The group was bought to the working tenant, Ethica Well being & Retirement, one of many largest non-profit suppliers within the state.
Senior Residing Funding Brokerage introduced it facilitated the sale of Treemont Well being Care Middle in Houston, Texas on July 1.
The 112-bed group was inbuilt 1974 and sits on 1.28 acres.
Based on a press launch, the vendor was a regional proprietor and operator who wished to exit the group because of operational challenges. The customer is a neighborhood proprietor and operator trying to develop its footprint available in the market.
Blueprint introduced its function because the unique advisor on the sale of a 114-unit assisted dwelling and reminiscence care group in Philadelphia, Pennsylvania on July 3.
Based on a press launch, the actual property non-public fairness proprietor acquired the group in 2018 and modernized the group. Nevertheless, challenges with occupancy have been exacerbated by the Covid pandemic.
The discharge states the group was marketed towards the center market and acquired a number of aggressive bids.
Walker and Dunlop sells 146-unit group
Walker and Dunlop introduced that it closed on the sale of a 146-unit impartial dwelling, assisted dwelling and reminiscence care group on July 1.
Based on a press launch, the group is a stabilized Class A asset and was developed in 2022.
The discharge states the group was bought by a public healthcare actual property funding belief.
Financings
CBRE employed as debt advisor for 2 Texas communities
CBRE introduced it was employed because the debt and fairness advisor for 2 energetic grownup initiatives from AOG Residing.
Based on a press launch, the Class A initiatives embrace Novum Capitol View in south Austin and Novum Plano in north Dallas.
CBRE has secured $50 million from two loans for AOG’s entry into the energetic grownup house.
Ziegler closes on $42.5M in acquisition financing
Specialty funding financial institution Ziegler introduced it closed on $42.5 million in acquisition bonds for FellowshipLife on July 8.
Based on a press launch, the financing was used to amass Applewood Village.
“Ziegler is happy to have the chance to as soon as once more serve FellowshipLIFE because it continues to develop as a regional system,” Chad Himel, managing director of Ziegler Senior Residing Finance, stated within the launch. “We proceed to be impressed by FellowshipLIFE’s strategic progress and operational experience as a frontrunner in New Jersey.”
BWE secures $47M in refinancing funds
Nationwide business and multifamily mortgage banking firm BWE introduced it secured $47 million to refinance Discovery Village on the West Finish on July 11.
The group has 219 items and gives Class A impartial dwelling, assisted dwelling and reminiscence care, in response to a press launch.
The discharge states the financing was organized on behalf of “a big non-public fairness investor.”
