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Skilled Nursing Transaction Announced in Gainesville, Texas

GAINESVILLE, TX–SLIB, a leader in the seniors housing transaction market, facilitated the turnaround sale of River Valley Health and Rehabilitation Center of Gainesville. The community encompasses +/- 20,000 sq. ft. on a +/- 1.6 acre lot, offering 116 licensed beds and 84 operational beds. This 1971-built community struggled with occupancy …

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Champaign County Nursing Home Sale Brokered by IPA

URBANA, IL–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of the Champaign County Nursing Home, a 243-bed skilled nursing facility in Urbana, IL. The sales price was $11 million. Joshua Jandris, Mark Myers, and Matthew Andriano, all of IPA, represented the seller, Champaign …

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Merchants Capital Secures Bridge Financing for Assisted Living Portfolio in Ohio

CARMEL, IN–Mortgage banking firm Merchants Capital has arranged nearly $50 million in total financing for three assisted living communities in Ohio: The Ashford at Mt. Washington, The Ashford on Broad and The Ashford on Sturbridge. Merchants Capital secured the bridge loans on behalf of Wallick Communities, which develops affordable assisted living and memory care communities. The bridge …

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Terra Firma Capital Corporation Announces the Closing of two Transactions with Reichmann International Realty Advisors Totaling US$14 Million (CDN$18.8 Million)

TORONTO–Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company”), has announced the closing of two preferred equity investments (the “Investments”) totaling US$14million (CDN$18.8 million) in two separate assisted living and memory care projects to be developed in two separate locations in Florida, Del Ray Beach and Royal Palm …

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Walker & Dunlop Provides $52 Million in Financing for Colorado Senior Housing Portfolio

BETHESDA, MD–Walker & Dunlop, Inc. announced that it structured $52,035,000 in financing for three Class A senior housing properties totaling 196 units in Colorado Springs and Centennial, CO. Each of the properties, MorningStar at Jordan, MorningStar at Mountain Shadows, and MorningStar at Bear Creek, is owned in a partnership between MorningStar Senior Living and an alternative investment fund manager …

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