JLL Arranges $175M Recapitalization for Southeastern Portfolio

DALLAS ­— JLL Capital Markets has arranged a $175 million refinancing for a six-property seniors housing portfolio totaling 821 units across the Southeast. The portfolio offers a mix of independent living, assisted living and memory care units. Five of the…

Pennant Group Initiates Search for New CFO

EAGLE, Idaho — The Pennant Group Inc. (NASDAQ: PNTG), the Eagle-based parent company of the Pennant group of affiliated home health, hospice and senior living companies, has initiated a search for a new chief financial officer. Pennant’s current CFO, Jennifer…

Lument Hires Justin Elshire to Lead New Nashville Office

NASHVILLE, Tenn. — Lument has hired Justin Elshire as a managing director to lead its new office in Nashville. Elshire is responsible for originating and structuring commercial mortgage loans for seniors housing and healthcare clients across the country, focusing primarily…

Berkadia Arranges $177M in Seniors Housing Finance Transactions

NEW YORK CITY — Berkadia Seniors Housing & Healthcare, a New York-based financial services firm, has arranged $177 million in financing across seven deals completed from July 15 through the end of October. Bianca Andujo, Ed Williams, Jay Healy, Rafael…

InterFace Panelists: Debt Markets Tightening as Transactions Slow

Macroeconomic conditions are slowing the pace of seniors housing transactions and squeezing the availability of capital. Inflation and rising interest rates are making deals more expensive to finance. Debt providers are tightening their underwriting terms, while equity investors sit on…

CBRE Arranges $220M Refinancing for Brookdale Portfolio

DALLAS — CBRE National Senior Housing has arranged a refinancing of a seniors housing portfolio on behalf of Brookdale Senior Living Inc. The portfolio comprises 24 communities with 2,377 total units that include 720 independent living units, 1,205 assisted living…

BHI Provides $42.5M Financing for TL Management

NEW YORK CITY — BHI, a New York City-based commercial bank, has closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country. “This transaction is part of BHI’s continuous growth…

Steps to Help Small Seniors Housing Owners Prepare for a Sale

The seniors housing market has had its fair share of well-documented struggles, including plunging occupancies during COVID-19 and continuing labor challenges. Like the rest of the commercial real estate market, the sector is now confronting higher interest rates and recession.…

Oxford Closes $347M in Financing During Second, Third Quarters

ALEXANDRIA, Va. — Oxford Finance LLC, an Alexandria-based finance firm, closed over $347 million in financing transactions through its healthcare real estate group during the second and third quarters of 2022. Oxford provided a $26.2 million term loan and $3…