CARMICHAEL, Calif. — CBRE National Senior Housing has arranged a $12 million, fixed-rate loan from Fannie Mae to refinance Winding Commons, a 100-unit independent living community in metro Sacramento.
Independent Living
METROPOLIS, Ill. — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of Misty Meadows Senior Living Center, an independent living community in Metropolis near the southern border of the state, for $4.4 million.
SANTA ROSA, Calif. — Greystone, a real estate lending, investment and advisory company, has provided a $58.3 million Freddie Mac loan to refinance Varenna at Fountaingrove, a 163-unit independent living facility in Santa Rosa, just north of San Francisco.
TEANECK, N.J. — Holliday Fenoglio Fowler L.P. (HFF) has arranged the sale of Heritage Pointe of Teaneck, a 142-unit independent living facility in Teaneck. The buyer was Washington, D.C.-based asset management firm The Carlyle Group, according to local news outlet NorthJersey.com.
NEW YORK — A joint venture partnership between NorthStar Healthcare Income Inc. and NorthStar Realty Finance Corp. (NYSE: NRF) has acquired an $875 million portfolio of independent living facilities, following an SEC filing reported in April. NorthStar Healthcare and NorthStar Realty are both real estate investment trusts (REITs) externally managed by NorthStar Asset Management Group Inc. (NYSE: NSAM), a New York-based asset management firm focused on managing real estate and other investment platforms.
New Senior Investment Group Completes $435M Seniors Housing Portfolio Acquisition, $670M Financing
by Jeff Shaw
NEW YORK — New Senior Investment Group Inc. (NYSE: SNR), a New York-based seniors housing REIT, has completed the previously announced acquisition of 17 independent living seniors housing properties from affiliates of Hawthorn Retirement Group for approximately $435 million. The acquisition was funded with cash on hand and proceeds from a first mortgage loan.