Greystone Closes $450M CLO; Symphony Care Network Adds 129-Bed SNF

Greystone announced it closed a $450 million commercial real estate collateralized loan obligation (CLO) backed exclusively by bridge loans for health care projects. It marks the largest health care CLO ever recorded as Greystone bested its own mark of $300 million set back in 2018. The assets in the CLO consist of skilled nursing, assisted […]

ESI Helps With $24M SNF Sale; HJ Sims Advises on Expansion Project

Evans Senior Investments (ESI) announced the sale of a 120-bed SNF in New Jersey for $24 million, or $200,000 per bed. Despite a modern design that included all private or semi-private rooms, the community was not profitable at the time it went to the market, with census averaging 77%, resulting in a net operating loss, […]

Monticello Provides $58.13M in Financing for a 607-Bed Portfolio; HJ Sims Closes $47.6M

New York City-based health care lender and asset manager MONTICELLOAM, LLC announced it provided $58.13 million in debt financing for the refinancing of five skilled nursing facilities in Florida. The facilities consist of a total of 607 beds. The transaction’s sponsor is reportedly an experienced owner/operator with a current portfolio of more than 35 buildings […]

$41M Nursing Home Sale in New York, $41M Portfolio Sale in MI

Non-Profit Sells Queens Nursing Home to For-Profit for $41M CenterLight Health System, a non-profit based in the Bronx, N.Y., will sell its Margaret Tietz Nursing and Rehabilitation Center in Queens to a group of limited liability companies for $41 million. The owners of those companies include Cassena Care principals Pasquale DeBenedictis and Alex Solovey and Workmen’s […]

Skilled Nursing Transactions: Monticello, HJ Sims, HFF, Blueprint

Monticello Provides $8M to NY SNF An affiliate of Monticello Asset Management provided $8 million in financing to Leroy Operating, which will buy a 140-bed skilled nursing facility in New York. The facility has a five-star rating from the Centers for Medicare and Medicaid Services (CMS), and includes a 40-bed non-secure memory unit and a 28-bed short-term […]