Summarize this content material to 1000 phrases
JLL Capital Markets leads $179.5M financing for Brookdale
JLL Capital Markets introduced on Jan. 9 that it closed on a seven-year mounted price mortgage of $179.5 million on behalf of Brookdale.
Based on a press launch, the mortgage was carried out by means of Fannie Mae, and the proceeds have been used to refinance a seven-year tranche of a credit score facility Brookdale closed with JLL and Fannie Mae in 2017.
The collateral of the mortgage consists of 47 properties amongst 14 states.
Ziegler closes on $68.5M financing for Acts Retirement-Life Communities
Ziegler introduced on Jan. 9 that it has closed on $68.5 million in tax-exempt bonds for Acts Retirement-Life Communities.
The proceeds from the bonds can be used to reimburse a $55 million line of credit score for challenge prices in Delaware and to fund future initiatives in Delaware and Pennsylvania.
The challenge prices embody upgrades and renovations to residential and healthcare models and customary areas.
LTC completes Brookdale portfolio transaction
Actual property funding belief LTC Properties introduced the completion of transactions relating to its Brookdale portfolio.
Based on a press launch, the 35 group portfolio transaction reduces LTC’s income focus from Brookdale by 40%.
The re-leasing and promoting of properties has been a “favorable end result” for LTC, in keeping with Chairman and CEO Wendy Simpson within the launch.
Senior Dwelling Funding Brokerage facilitated the sale of a 40-unit expert nursing facility and impartial dwelling group on Jan.5.
The group, Iowa Mosaic, is situated simply exterior of Davenport, Iowa.
The vendor was an area not-for-profit, who offered the group to “make sure the long-term viability of the group,” in keeping with a press launch. The customer was a non-public proprietor who has different communities in Iowa.
Blueprint advises non-profit on sale of healthcare campus
Blueprint suggested an area non-profit within the sale of Menorah Park, a healthcare campus providing expert nursing, assisted dwelling, reminiscence care and impartial dwelling choices.
The campus totaled 1,069 beds for residents.
Final result Healthcare, a New Jersey-based owner-operator, was chosen as the customer following the transaction course of.
SLIB closes on California, Minnesota communities
Senior Dwelling Funding Brokerage introduced it closed on three communities, one in California and two in Minnesota, on Jan. 3 and Jan. 2 respectively.
The Villas at San Bernardino in San Bernardino, California, was bought by an in-state owner-operator seeking to increase its footprint within the state.
The Minnesota communities, Sleepy Eye and Maplewood Care, have been offered by an area nonprofit to an in-state owner-operator seeking to develop its footprint within the area.
JLL Capital Markets introduced it led the recapitalization of the Residence at Valley Farm, a LCB Senior Dwelling owned group.
JLL represented the vendor, Bridge Funding Group, and procured the customer within the transaction, Blue Moon Capital Companions.
LCB can be retained because the working supervisor of the group.
VIUM Capital closes 39 transactions in 2023
Senior housing lender VIUM Capital introduced 2023 was the second most efficient yr within the agency’s historical past with 39 transactions.
The transactions totaled $915 million all year long, and funded 106 properties in 19 states.
The agency plans to proceed its momentum into 2024.
Sagora Senior Dwelling provides central Florida to portfolio
Sagora Senior Dwelling introduced on Jan. 9 that it has added The Harrison of Wildwood, previously HarborChase of Wildwood, to its portfolio.
Based on a press launch, the group will proceed to serve assisted dwelling and reminiscence care residents with Sagora’s “Resident First programming and companies.”
The group provides short-term stays alongside growing old in place choices.