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Blake Management Group Hires Stephen Black as Executive Director of Community in Little Rock, Arkansas

by Jeff Shaw

LITTLE ROCK, Ark. — Blake Management Group, together with Cardinal Ventures Inc., has hired Stephen Black as the executive director of The Blake at Chenal Valley in Little Rock. Cardinal Ventures is building the 153,000-square-foot assisted living and memory care community, along with several dozen independent living cottages. Stephen Black earned business administration degrees at the undergraduate and graduate levels from Williams Baptist and Belhaven universities. He carries 12 years of experience in long-term senior care.

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AcquisitionsArkansasFinanceMississippiNews

VIUM Funds $74.5M Bridge Loan for Skilled Nursing Portfolio in the Southeast

by Jeff Shaw

ARKANSAS and MISSISSIPPI — VIUM Capital has provided $74.5 million in bridge-to-HUD financing for the acquisition of 11 skilled nursing facilities. One of the assets is located in Mississippi and the rest are in Arkansas. Three different sellers sold the properties to an undisclosed buyer. Further information on the buyer, seller and portfolio was not disclosed.

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AcquisitionsArkansasNewsSkilled Nursing

SLIB Brokers Sale of 116-Bed Cla-Cliff Nursing Home in Brinkley, Arkansas

by Jeff Shaw

BRINKLEY, Ark. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Cla-Cliff Nursing and Rehabilitation Center, a 116-bed skilled nursing facility in Brinkley, approximately midway between Little Rock and Memphis, Tennessee. The property has been owned and operated within the same family for almost 60 years. The seller was a local owner-operator looking to retire and exit the skilled nursing industry. The buyer is a regional owner looking to add to its existing portfolio. The price was not disclosed. Daniel Geraghty and Bradley Clousing handled the transaction for …

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AcquisitionsArkansasGeorgiaIndependent LivingNew JerseyNewsOhioOklahomaSouth Carolina

Discovery Senior Living, NHI Acquire Nine-Community Independent Living Portfolio

by Jeff Shaw

BONITA SPRINGS, Fla. — Discovery Senior Living and National Health Investors (NYSE: NHI) have formed a joint venture to acquire and rebrand nine former Holiday Retirement communities. The properties are located in Arkansas, Georgia, Ohio, Oklahoma, New Jersey and South Carolina and total 1,094 units. Discovery Senior Living and its subsidiary management companies have taken over operations. Additionally, Discovery will assume operations of Isles of Vero Beach, a 230-unit assisted living community in Vero Beach, Florida, through Discovery and NHI’s existing joint venture. That property will be renamed Discovery Village …

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AcquisitionsArkansasNews

SLIB Negotiates Sale of Three Communities in Northwest Arkansas

by Jeff Shaw

ARKANSAS — Senior Living Investment Brokerage (SLIB) has arranged the sale of three seniors housing properties in Northwest Arkansas. The portfolio consisted of 175 private-pay independent living and assisted living units. The average age of the assets was 22 years and the properties averaged 52,000 square feet. Occupancy was 77 percent with revenue just under $4 million. The seller is an independent family owner-operator based in Arkansas that exited seniors housing. The buyer is a private national company based in the Northeast with holdings in the healthcare arena. This is …

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ArkansasDevelopmentFinanceNews

Twain Financial Partners Provides $11M in Ground Lease Capital for Senior Living Development in Little Rock

by Jeff Shaw

LITTLE ROCK, Ark. — Twain Financial Partners has provided $11 million in ground lease capital to The Summit, a senior living community in Little Rock. O’Reilly Development Co. is developing the property, which will feature 96 independent living units, 44 assisted living units and 18 memory care units. O’Reilly is a real estate investment and development firm specializing in historic preservation, seniors housing, affordable housing, multifamily and student housing communities.

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AcquisitionsArkansasNewsSkilled Nursing

SLIB Negotiates Sale of West Memphis Health & Rehabilitation in Arkansas

by Jeff Shaw

WEST MEMPHIS, Ark. — Senior Living Investment Brokerage (SLIB) has arranged the sale of West Memphis Health & Rehabilitation, a skilled nursing facility in West Memphis, just across the Mississippi River from Memphis, Tennessee. The property features 85 beds. An Arkansas-based regional owner-operator sold the community to another regional owner-operator looking to expand in the state. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

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AcquisitionsArkansasFinanceNewsSkilled Nursing

Monticello Provides $50M Acquisition Financing for 868-Bed Skilled Nursing Portfolio in Arkansas

by Jeff Shaw

ARKANSAS — Monticello has provided $50 million in first lien debt financing for the acquisition of six skilled nursing facilities totaling 868 beds in Arkansas. The transaction also includes a $2 million working capital loan to the operating companies of the properties provided by Monticello’s asset-based lending group, Monticello Commercial Capital LLC. The borrower is an owner-operator with previous experience in Arkansas. The names and locations of the properties were not disclosed.

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