Seniors Housing Sales Pick Up as Recovery Gains Steam

As the seniors housing industry slowly recovers from occupancy declines and disrupted operations due to COVID-19, investors are back in the market hunting for deals. Some $3.2 billion in seniors housing and care facilities traded hands in the second quarter…

KeyBank Provides Fannie Mae Financing for Enlivant Portfolio

CHICAGO — KeyBank Real Estate Capital (KBREC) has provided Fannie Mae financing for a multistate portfolio of properties operated by Enlivant, a Chicago-based owner-operator. The loan provides long-term, nonrecourse debt. The Fannie Mae financing was completed in conjunction with KeyBank…

KeyBank Arranges $10M Financing for Affordable Community in Wichita

WICHITA, Kan. — KeyBank Community Development Lending and Investment (CDLI) has secured $10 million of construction and permanent financing for an affordable seniors housing property in Wichita. The borrower is Denver-based Steele Properties, which will use the funds to acquire…

KeyBank Provides $145M Credit Facility for ReNew REIT

TOLEDO, Ohio — KeyBank Real Estate Capital has provided a $145 credit facility through Fannie Mae for ReNew REIT, a Toledo-based, non-traded seniors housing investor. The credit facility is secured by eight seniors housing communities spread across eight separate states.…