Discover the latest management transactions and financings in the senior living industry:
Merrill Gardens named management company for multiple communities
Senior living owner-operator Merrill Gardens has taken over management of three new communities in Missouri and Washington. Murano Senior Living in Seattle, Washington, and Merrill Gardens at Tukwila, Washington are now under Merrill Gardens’ management.
Murano Senior Living offers a range of amenities including a fitness center, theaters, restaurants, and more. Merrill Gardens at Tukwila is a new-build community near the Westfield Southcenter Mall.
In addition, Mission Ridge in Springfield, Missouri is another new-build community managed by Merrill Gardens. It features a rooftop pub and fitness center for residents.
Health Dimensions Group (HDG) has also announced the management of Country Manor Memory Care. HDG will implement its proprietary memory care program to enhance the quality of care for residents.
Financings
G Capital Markets recently closed a recapitalization of an assisted living community in Livermore, California. The property has shown strong performance with high occupancy rates and margins. G Capital Markets arranged a $15.5 million credit facility for the community.
Ziegler finances cancer center
Ziegler has announced the closing of bond financing for the Wadena Cancer Center in central Minnesota. This investment will expand access to healthcare services in the area and support the construction of a state-of-the-art cancer center.
Cambridge Realty Companies facilitated a $5.95 million loan for the acquisition of Twilight Haven Senior Living in Fresno, California. This major turnaround acquisition has transformed the community from non-profit to for-profit ownership.
