Financings
JLL Capital Markets leads $179.5M financing for Brookdale
JLL Capital Markets completed a seven-year fixed rate loan of $179.5 million on behalf of Brookdale, utilizing Fannie Mae. The loan refinanced a seven-year tranche of a credit facility closed in 2017. The collateral includes 47 properties across 14 states.
Ziegler closes on $68.5M financing for Acts Retirement-Life Communities
Ziegler has closed on $68.5 million in tax-exempt bonds for Acts Retirement-Life Communities, with proceeds to reimburse a $55 million line of credit for project costs in Delaware and fund future projects in Delaware and Pennsylvania, including upgrades and renovations to residential and healthcare units and common areas.
Transactions
LTC completes Brookdale portfolio transaction
LTC Properties announced the completion of transactions regarding its Brookdale portfolio, reducing revenue concentration from Brookdale by 40%.
Senior Living Investment Brokerage facilitated the sale of a 40-unit skilled nursing facility and independent living community, Iowa Mosaic, located just outside of Davenport, Iowa, from a local not-for-profit to a private owner.
Blueprint advises non-profit on sale of healthcare campus
Blueprint advised a local non-profit in the sale of Menorah Park, a healthcare campus offering various care options, totaling 1,069 beds for residents, to Outcome Healthcare, a New Jersey-based owner-operator.
SLIB closes on California, Minnesota communities
Senior Living Investment Brokerage announced the closure of three communities – The Villas at San Bernardino in California, and Sleepy Eye and Maplewood Care in Minnesota.
JLL Capital Markets led the recapitalization of the Residence at Valley Farm, a LCB Senior Living owned community, with Blue Moon Capital Partners as the buyer.
VIUM Capital closes 39 transactions in 2023
VIUM Capital, a senior housing lender, completed 39 transactions totaling $915 million, funding 106 properties in 19 states. The firm plans to continue its momentum into 2024.
Acquisitions
Sagora Senior Living adds central Florida to portfolio
Sagora Senior Living added The Harrison of Wildwood, formerly HarborChase of Wildwood, to its portfolio, continuing to serve assisted living and memory care residents with “Resident First programming and services.”
