Greystone’s $58M Hamptons Refinance; Monticello’s $38M Financing for 600 SNF Beds

Greystone on Wednesday announced the closing of a $58.8 million refinance loan for a skilled nursing facility in Southampton, N.Y. The 35-year loan was originated under the Department of Housing and Urban Development’s (HUD) 232 program, which allows investors and operators to refinance existing debt into non-recourse loans with lower fixed interest rates. The 280-bed […]

Summit REIT Acquires 14 Facilities in $125M Deal; Good Sam Divests Three SNFs in Wisconsin

Summit Healthcare REIT, Inc. acquired an interest in 14 skilled nursing and assisted living facilities in Indiana for $125 million, with plans to lease them back to the seller on a triple-net basis. The acquisition, announced Wednesday, was made through a newly formed joint venture among a wholly-owned subsidiary of Summit, a real estate holding […]

Monticello Pumps $69M into New Jersey Portfolio; Nursing Home Sale Finally Approved

Monticello Provides $69M Financing for New Jersey Portfolio Monticello Asset Management recently raised $69 million for a New Jersey skilled nursing investor and its operating partner. Two of the New York City-based firm’s investment vehicles originated $65 million in first-lien debt financing to HP Intermediate Administrative Services, which is looking to buy a four-asset skilled […]

Welltower’s $3B Revolving Credit Facility; $40M Acquisition Financing in Ohio

Welltower Obtains New $3B Revolving Credit Facility Welltower Inc. (NYSE: WELL) entered into a new credit agreement consisting of a $3 billion unsecured revolving credit facility, a $500 million unsecured term credit facility, and a C$250 million unsecured term credit facility, according to a filing with the Securities and Exchange Commission Tuesday. The Toledo, Ohio-based real estate investment […]

D.C. Post-Acute Continuum Sale; $9.87M Financing for Kentucky SNF Portfolio

Post-Acute Continuum in Washington, D.C., Sold to Brooklyn-Based Buyer Healthcare Transactions Group facilitated the sale of the assets of VMT Long-Term Care Management, Inc., a for-profit post-acute services continuum in Washington, D.C. The assets included the leasehold operations of the 230-bed Unique Residential Care Center skilled nursing facility and a Medicare- and Medicaid-certified licensed home […]

Monticello Provides $45.3M Financing; Two Illinois SNFs Sell for $5.5M

Monticello Provides $45.3M Financing for NY Portfolio An affiliate of Monticello Asset Management landed $45.3 million in first-lien debt financing for a company that’s acquiring a skilled nursing facility and two adult day care facilities, ABL Advisor reported. The SNF has 242 beds and offers skilled nursing services and physical, occupational and speech therapies. The mortgagor, […]

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 […]