BETHESDA, Md. — GE Capital’s Healthcare Financial Services (HFS) has provided $48.5 million in financing to a joint venture of LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp.
Finance
Leumi has a basis in social and political history that few other business institutions can match. The bank was founded in 1902 as the Anglo-Palestine Co. in London, intended to be the financing arm of the Zionist Organization seeking to establish a home for Jews in the Middle East.
MADISON, N.J. — Prudential Real Estate Investors (PREI) has completed the capital raise of Senior Housing Partners V (SHP) with a total of $629 million in capital commitments. SHP is the fifth in a series of dedicated, closed-end funds designed to invest in the seniors housing industry. PREI is the real estate investment and advisory business of Prudential Financial. (NYSE: PRU).
CAMBRIDGE, Mass. — Forest City Enterprises Inc. (NYSE: FCE-A) has entered into a share purchase and redemption agreement to acquire Health Care REIT Inc.’s (NYSE: HCN) 49 percent equity interest in seven life-science office properties and two parking facilities at University Park at the Massachusetts Institute of Technology (MIT) in Cambridge for $573.5 million.
FORT MYERS, Fla. — Walker & Dunlop Inc. (NYSE: WD) has arranged an $11 million acquisition bridge loan for The MacFarlane Group, who will use the money to convert the currently Ambassador Hotel in Fort Myers into a 323-unit independent living facility.
HIGH POINT, N.C. — Ziegler, a specialty investment bank, has arranged a $66.1 million bond issue for Maryfield Inc., a North Carolina not-for-profit that owns and operates Pennybyrn at Maryfield, a continuing care retirement community (CCRC) in High Point.