NEW YORK CITY — MonticelloAM has provided a $400 million bridge loan for the financing of a skilled nursing portfolio located in Kentucky and Tennessee. Huntington National Bank served as joint lead arranger in the financing. The portfolio totals 2,900 beds across 29 facilities. The borrower was not disclosed.
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Webinar — 2025 Seniors Housing Outlook: Investment, Valuations & Capital
The Dec. 12 webinar “2025 Seniors Housing Outlook — Investment, Valuations & Capital,” sponsored by CBRE, featured expert insight on issues shaping the seniors housing sector. The panel discussion covered investment outlooks, the impact of inflation, capital availability, labor stability and regulatory concerns. This webinar brought together industry leaders to discuss critical economic factors, value-based care and development opportunities in the ever-changing seniors housing landscape. The discussion offers a detailed analysis of operational challenges facing the sector, including rising insurance costs and regulatory headwinds. Before 2025 begins, learn more about …
FRESNO, Calif. — MonticelloAM has provided an $87.2 million bridge loan for an assisted living portfolio in Fresno. The portfolio totals 39 communities. Proceeds from the loan will be used to refinance the existing debt on the properties, and the undisclosed borrower plans to secure long-term financing.
PHILADELPHIA — The investment market for seniors housing is in a favorable position heading into the new year thanks to a confluence of factors, says Scott Corbin, director at Boston-based AEW Capital Management. The firm has roughly $3 billion in assets under management within this niche property type. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. “We’ve seen a full rebound in recovery. We’re not necessarily back …
Greensboro, N.C. — Berkadia has arranged a $71.3 million loan for the refinancing of Abbotswood at Irving Park, a senior living community located in Greensboro. KISCO Senior Living was the borrower. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing through Freddie Mac. Located at 3504 Flint St., Abbotswood at Irving Park offers cottages and independent living and assisted living units, as well as memory care suites.
NEW YORK CITY — MonticelloAM has provided an $18 million bridge loan to finance a seniors housing community located in Wisconsin. Karina Davydov, managing director of New York City-based MonticelloAM, originated the financing. The undisclosed borrower will use the proceeds to refinance an outstanding debt and position the property, which totals 100 assisted living and memory care units, for HUD financing.
DALLAS — A clear majority of respondents to CBRE’s U.S. Senior Housing & Care Investor Survey conducted in October reported either no change or a decrease in capitalization rates from the prior survey in April. Meanwhile, the industry outlook for rent growth is less bullish than it was a short time ago as more survey respondents in October predicted flat rent growth in the year ahead, with April’s poll findings. Administered via e-mail in October, the 15th edition of CBRE’s survey polled the same group of seniors housing real estate professionals …
DOUGLASSVILLE, Pa. — BWE has arranged a $57.8 million loan to refinance Keystone Villa at Douglassville, a 247-unit, Class A independent living, assisted living and memory care community in Douglassville, located about 15 miles southeast of Reading, Pennsylvania. Ryan Stoll, national director of seniors housing and care at BWE, and Taylor Mokris, senior vice president of seniors housing and care, secured the loan from a national commercial bank. The borrower was a joint venture between privately held real estate investment trust ReNew REIT and operator Heritage Senior Living. The nonrecourse loan features …
IRVINE, Calif. — JLL’s Capital Markets group and HJ Sims have arranged $473 million in tax-exempt and taxable bond financing for the ground-up development of The James, a luxury rental, 350-bed seniors housing community in Irvine. The transaction is the largest tax-exempt senior living financing of the year and largest nonprofit, single-site senior living bond issue in history, according to JLL. JLL’s Seniors Housing Capital Markets team worked on behalf of Harbert South Bay Partners, LAMB Properties, P3 Foundation and Momentum Senior Living to secure the 35-year financing with HJ Sims …
For over two years, a persistent bid-ask spread between buyers and sellers of seniors housing properties prevented many deals from getting done. Seniors Housing Business (SHB) caught up with Brian Chandler, senior managing director and national practice leader for seniors housing for Raleigh, N.C.-based Partner Valuation Advisors. As an appraiser in the seniors housing and care sector, he is privy to in-progress deals months before closing, including transaction data. He says a growing number of buyers and sellers are agreeing to close transactions and shares more here. SHB: Some experts say a growing number …
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