Herbert J. Sims & Co., Inc.

Founded in 1935, HJ Sims is a leading national underwriter of tax-exempt bonds for senior housing and long-term care providers. Sims underwrote the first tax-exempt long-term care bond issue in the United States in 1965 and has since provided more than $15 billion in bond and bank financings to senior living providers.

 

HJ Sims In The News

  • Sinai Residences of Boca Raton Embarks on IL Expansion
    Sinai Residences of Boca Raton, a 366-bed/unit CCRC in southeast Florida managed by Life Care Services, obtained a large bond financing to fund an independent living expansion that will grow its IL offering by nearly 50%. Just four years ago, the community opened with 234 independent living units,... Read more
    Published on: October 06, 2020 By Ben Swett
  • HJ Sims Finds Bank Financing for Philly CCRC
    Working on behalf of a large CCRC in northeast Philadelphia, HJ Sims helped arrange a bank financing through the community’s existing banking partner. Philadelphia Protestant Home (PPH) currently consists of 266 independent living units, 175 personal care units and a 126-bed skilled nursing facility. Ownership had been funding... Read more
    Published on: October 01, 2020 By Ben Swett
  • HJ Sims Closes Bank Financing for Not-For-Profit’s Independent Living Expansion
    Thanks to a two-part bank financing arranged by HJ Sims, not-for-profit Presbyterian SeniorCare Network (PSCN) will open a new independent living community in North Strabane Township, Pennsylvania, adding to its significant presence in the western part of the state.   PSCN, which already provides senior care services to over... Read more
    Published on: July 30, 2020 By Ben Swett
  • HJ Sims Funds CCRC Expansion Project in North Carolina
    HJ Sims has a long history with the SearStone Retirement Community, a CCRC in Cary, North Carolina, and recently closed another financing for the property. Sponsored by Samaritan Housing, Inc., the community currently consists of 131 independent living units, 38 IL estate homes, 14 assisted living units and 25 skilled... Read more
    Published on: July 23, 2020 By Ben Swett
  • CBRE Secures Acquisition Financing For HJ Sims/Voralto Living Purchase
    The CBRE National Senior Housing team arranged acquisition financing for a North Texas assisted living/memory care community. A joint venture between HJ Sims and Voralto Living was the buyer, obtaining a four-year, floating-rate loan with 24 months of interest only from a national bank. Featuring 60 units, the community was... Read more
    Published on: May 19, 2020 By Ben Swett

Formation Capital

Formation Capital is an equity investment and asset management company in the senior housing and care industry. 

Formation Capital In The News

  • Cornerstone Healthcare Files For Bankruptcy Protection
    Cornerstone Healthcare, an operator of skilled nursing facilities in the Pacific Northwest, filed for Chapter 11 bankruptcy protection. The CEO, Will Masterson, announced the reorganization in a statement filed with the U.S. Bankruptcy Court Western District of Washington that listed lender and lessor issues as the reason for... Read more
    Published on: December 02, 2019 By Ben Swett
  • Live Oak Bank Flourishes This Summer
    Showing off its versatility, Live Oak Bank facilitated acquisition financing for two separate, and very different, transactions. First, the bank provided a cash flow balance sheet loan to support a partner buy-out at Frontier Management. Formation Capital had owned a 50% stake in the senior living operator, but... Read more
    Published on: August 31, 2018 By Steve Monroe
  • Major Moves at HealthTrust
    National appraisal and advisory firm HealthTrust has had a busy month. On March 1, they closed on the purchase of the assets of the company from Sabra Health HealthCare REIT, which took over ownership as part of Sabra’s acquisition of Care Capital Properties last year. Care Capital had... Read more
    Published on: March 07, 2018 By Steve Monroe
  • HCP In Hot Water Again
    We are sure that management at HCP, Inc. is happy that they spun out the HCR ManorCare assets to a new REIT, since they have not had to deal with the continuing rent shortfall, which started when HCP still owned the assets. The post HCP In Hot Water... Read more
    Published on: January 10, 2018 By Steve Monroe
  • HC-One Becomes Largest Provider in UK
    It has been a few months since it was announced that Justin Hutchens would leave HCP, Inc. and join UK-based HC-One as its new CEO. That transition is expected to take place on October 1, and he will certainly have his hands full when he takes over from... Read more
    Published on: August 25, 2017 By Steve Monroe

Houlihan Lokey Healthcare Group

Houlihan Lokey’s Healthcare Group is a recognized leader in M&A advisory and capital-raising services.  With 20 dedicated investment bankers, their Healthcare Group is among the largest in the field.

 

Houlihan Lokey Healthcare Group In The News

  • Invesque Expands with Virginia Acquisition
    Toronto, Canada-based Invesque (TSX: IVQ) announced it has entered into an agreement to purchase 20 assisted living and memory care communities from Commonwealth Senior Living for $340.4 million, or about $236,400 per unit. All but one of the communities are in Virginia, with one in Pennsylvania. Of the... Read more
    Published on: May 24, 2019 By Steve Monroe
  • Capital Healthcare Investments Doubles In Size
    Capital Healthcare Investments (CHI), a wholly-owned subsidiary of MTGE Investment Corp., a publicly traded hybrid REIT, has purchased a portfolio of nine skilled nursing facilities in Virginia with about 1,050 beds. The transaction almost doubles the size of CHI’s portfolio, which now includes 14 skilled nursing facilities and... Read more
    Published on: May 09, 2017 By Steve Monroe
  • The votes are in!
    We held our annual Senior Care M&A Outlook webinar last Thursday, which featured a discussion between our editor Steve Monroe, John Cobb, CIO of Ventas, Inc., Scott Kremeier, Senior Vice President at Houlihan Lokey, and Ryan Maconachy, Senior Managing Director at HFF. In it, the panelists discussed how... Read more
    Published on: March 02, 2016 By Ben Swett

Housing and Healthcare Finance, LLC.

Founded in 2002, Housing & Healthcare Finance, LLC (“HHCF”) is a financial services company headquartered in the Washington DC area with additional offices in New York, Ohio, Illinois, Wisconsin New Jersey and Florida.

 

Housing and Healthcare Finance, LLC. In The News

  • HHC Finance Secures Several HUD Refinances
    Housing & Healthcare Finance (HHC Finance) is wrapping up HUD’s fiscal year with several transactions closed through the agency. First, the firm arranged a $19 million loan for a 200-bed skilled nursing facility in New York, then followed up with a $20 million HUD refinance of a 155-bed... Read more
    Published on: September 30, 2020 By Ben Swett
  • HHC Finance Closes Four HUD Deals
    Housing & Healthcare Finance (HHC Finance) just announced four transactions from its HUD pipeline, totaling more than $44 million. The first deal was closed for a 120-bed skilled nursing facility in Ohio. Built in the early 1970s, it had occupancy in the low 90s and received a $10... Read more
    Published on: August 18, 2020 By Ben Swett
  • HHC Finance’s Busy HUD Month
    Summer vacation didn’t start at Housing & Healthcare Finance (HHC Finance), we suppose, as the firm closed seven HUD loans totaling $119 million in the month of June. The largest deal was a $61 million refinance of a 360-bed skilled nursing facility in New York. Built in the... Read more
    Published on: July 14, 2020 By Ben Swett
  • Housing & Healthcare Finance Handles HUD Refinance
    The team at Housing & Healthcare Finance has closed a couple of HUD financings totaling $57 million. There was a $34.1 million loan for a portfolio of five skilled nursing facilities located throughout Minnesota. The experienced borrower was able to replace conventional debt on the portfolio with a... Read more
    Published on: April 28, 2020 By Ben Swett
  • The HUD Doors Are Still Open
    One thing to come out of the coronavirus crisis (among many things) has been record-low interest rates, with the 10-year Treasury yield falling as low as 0.318% on March 9 and the federal funds rate being cut to 0-0.25%. It has been in the federal government’s interest to... Read more
    Published on: March 23, 2020 By Ben Swett

Five Star Senior Living

Five Star Senior Living is a national healthcare and senior living services provider, including independent living and congregate care communities, assisted living communities, and nursing homes throughout the United States.

Five Star Senior Living in the News

  • August Acquisition Volume Light, But Consistent
    Can we call it a comeback when the seniors housing and care M&A market surpassed 20 deals in August? We recorded 21 publicly announced transactions in the month, which is the highest total since April when 22 deals were disclosed. Since April, there have been 20 deals announced... Read more
    Published on: September 07, 2020 By Ben Swett
  • Diversified Healthcare Trust Divests Two Managed Communities
    Diversified Healthcare Trust (DHC) divested a couple of its SHOP assets, both located in Mississippi and operated by Five Star Senior Living under the Hermitage Gardens name. Built around 2000 and renovated in 2005, the properties include a 57-unit assisted living community in Oxford and a 59-unit AL... Read more
    Published on: August 11, 2020 By Ben Swett
  • REITs Start To Cut Dividends
    The healthcare Real Estate Investment Trusts have been the hardest hit in our sector during the recent stock market plunge. Many are worried about their own liquidity and drew down on their credit facilities, even if they didn’t need the funds now. Some just went and raised new... Read more
    Published on: April 06, 2020 By Steve Monroe
  • Five Star Senior Living Soars
    Shares of Five Star Senior Living have soared by more than 60% this year, leaving everyone guessing. Right after all the restructuring was completed at year end between Five Star Senior Living and its landlord, now recently re-named Diversified Healthcare Trust, Five Star’s shares have taken off.  Two... Read more
    Published on: January 15, 2020 By Steve Monroe
  • New Year, New Name for Senior Housing Properties Trust
    While we were all up celebrating the New Year this past Wednesday, Senior Housing Properties Trust was kissing goodbye to its name, officially changing it to Diversified Healthcare Trust effective January 1, 2020. The company is still listed for trading on the NASDAQ but under the new ticker... Read more
    Published on: January 03, 2020 By Ben Swett

KeyBank

For more than two decades, KeyBank Real Estate Capital’s Healthcare Group has been providing healthcare clients with capital, innovative ideas and solutions, and broad access to the capital markets. Key’s healthcare clients include regional and national providers of seniors housing, long term care services, acute care services, developers of medical office and outpatient care facilities and healthcare Real Estate Investment Trusts.

 

KeyBank In The News

  • There’s a New Investor in the Skilled Nursing Market
    Northwind Group, a Manhattan-based real estate owner/operator, entered the skilled nursing market in a major way, announcing its $182.5 million acquisition of eight skilled nursing and assisted living properties from a large institutional seller. All of the facilities, which include seven skilled nursing facilities (with 1,037 beds) and... Read more
    Published on: September 28, 2018 By Steve Monroe
  • Another Missouri Purchase For Griffin-American Healthcare REIT IV
    Griffin-American Healthcare REIT IV returned to Missouri yet again to acquire an assisted living community in the St. Louis suburb of Warrenton. The single-asset transaction follows two portfolio deals for the REIT in the Show Me State, which included eight skilled nursing facilities bought for $88.2 million and... Read more
    Published on: August 10, 2018 By Steve Monroe
  • 2017 HUD LEAN Rankings Are In
    Total HUD LEAN loan volume hasn’t yet reached the heights of its FY2014, when the program closed over $4.2 billion in loans in 484 transactions, but it is getting there. In its FY2017, lenders closed just over $3.4 billion in 310 deals, up 20% from FY2016’s $2.84 billion... Read more
    Published on: October 20, 2017 By Steve Monroe
  • High price for the Upper West Side
    Seniors housing deals valued above $500,000 per unit are rare. In fact, in our M&A database dating back to 1993, only nine have been announced in the U.S. (all since 2015). And up until this month, we only had one domestic deal above $600,000 per unit, which was... Read more
    Published on: December 14, 2016 By Steve Monroe
  • The Market of Lafayette
    In the heart of Cajun country, Cushman & Wakefield’s Robert Black and Sean McNee facilitated the sale of two seniors housing communities on behalf of the local owner and operator. Both located less than a mile apart in Lafayette, Louisiana, the all-private pay properties included a 70-unit independent/assisted... Read more
    Published on: December 09, 2016 By Steve Monroe