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Ziegler Closes Membership Substitution of a Life Plan Community in Texas

CHICAGO, IL–Ziegler, a specialty investment bank, announced the successful membership substitution whereby Brazos Presbyterian Homes, Inc (BPHI) has purchased the membership interest of Longhorn Village (LHV), an entrance fee life plan community (community) in Austin, TX. Ziegler’s Investment Banking Senior Living team served as exclusive advisor to BPHI, a not-for-profit …

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Sale of Four Michigan Skilled Nursing Facilities Announced

CALABASAS, CA–Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a portfolio of four Skilled Nursing Facilities in Michigan that consisted of a total of 393 beds. The properties are in Fremont, Fenton, …

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Three-Property Seniors Housing Portfolio Sold by IPA

CHICAGO–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announces the sale of the Clarity Pointe Portfolio, a three-property, 174-unit, 175-bed seniors housing portfolio. The properties are in Knoxville, TN, and Fayetteville and Little Rock, AR. IPA’s Joshua Jandris, Matthew Andriano and Mark Myers represented the seller, …

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Ziegler Closes $44.725 Million The Hearthstone Corporation Financing

CHICAGO–Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $44,725,000 Series 2018 tax-exempt financing for The Hearthstone Corporation. Ziegler has a long-standing relationship with Hearthstone dating back to 2004. The Lutheran Retirement Home of Greater Seattle, doing business as The Hearthstone is a Washington not-for-profit …

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MBK Senior Living Completes Largest Acquisition in Company History

IRVINE, CA–MBK Senior Living (MSL) announced July 6 the close of escrow on nine new senior living communities located in California, Washington and Arizona. The acquisition marks the company’s largest single purchase and expands the portfolio to 34 owned and managed communities located throughout the Western United States. Acquired for $382 million, the nine communities are …

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Greystone Expands Healthcare Real Estate Capital Services

NEW YORK–Greystone, a real estate lending, investment and advisory company, announced the launch of Greystone Healthcare Investments, to be led by Frank J. Small as chief investment officer. An extension of the firm’s expansive healthcare real estate capital services, the new platform will focus on providing equity to owners of healthcare facilities, particularly …

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Walker & Dunlop Closes Unique $17.3 Million Construction Loan for Affordable Assisted Living Facility

BETHESDA, MD-Walker & Dunlop, Inc. announced today that it structured a $17,289,000 loan for Oasis at 56th, a 124-unit affordable assisted living facility located in Indianapolis, Indiana. The transaction is one of few assisted living facilities in the country financed with a Low-Income Tax Credit (LIHTC) from the Department of Housing and Urban Development (HUD). …

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