Evans Senior Investments (ESI) brokered the sale of two family-owned and operated skilled nursing communities, located in Northern Indiana. Pilgrim Manor, located in Plymouth, has been a cornerstone of the community since its establishment in 1969, and underwent a significant renovation in 2012. The facility offers 78 skilled nursing beds, including 40 private rooms. Despite […]
CIBC Bank
CIBC Bank provided an $85 million acquisition financing term loan and a $2 million working capital revolving line of credit for a portfolio of skilled nursing facilities in Wisconsin. Historical performance trended positively over the last year as the facilities improved census and operating leverage, CIBC said in a press release. Going forward, occupancy and […]
CIBC Bank USA closed a $73.4 million acquisition loan for a four-home senior care portfolio in Pennsylvania and a $21 million cash-out refinance for a three-home portfolio in Nebraska last month. The Pennsylvania portfolio, which includes approximately 675 skilled nursing beds and 100 senior living units, received a five-year mortgage loan and a $6 million […]
A merger agreement between DAC Acquisition LLC and Diversicare Healthcare Services (OTCQX: DVCR) is complete, according to an announcement made Friday. Diversicare’s stockholders will receive an amount of cash equal to $10.10 per share of Diversicare common stock, as was previously reported by Skilled Nursing News when the proposed deal was announced back in August. […]
Chicago-based specialty investment bank Ziegler last week announced it closed on $44,415,000 Series 2021 Bonds for a 47-acre CARF Accredited not-for-profit continuing care retirement community in Durham, North Carolina. Based just south of Duke University in Durham, North Carolina, The Forest at Duke opened in 1992 and serves as a Type B life care community […]
Cascade Capital Group snapped up a pair of skilled nursing facilities in the Chicago metropolitan area for less than $10 million — a deal that its leaders say indicates a downward per-bed pricing trend both locally and nationally. With 230 beds, the portfolio — consisting of Avantara of Elgin in Elgin, Ill. and The Grove […]
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