Transactions
Helios sells restored Texas community
Helios Healthcare Advisors was involved in the sale of Fairhaven Denton Assisted Living in Denton, Texas.
The community had its grand opening in 1965 and eventually closed in 2007, according to a press release.
The community was traded to a California-based owner-operator, the press release states.
Financings
Ziegler closes $80M for Brazos Presbyterian Homes
Special investment bank Ziegler closed on an $80 million bond issue for Brazos Presbyterian Homes.
The proceeds from the bonds will be used to “finance various capital expenditures at BPH’s retirement communities; refund portions of outstanding indebtedness to reduce interest expense and eliminate bank renewal risk; establish a debt service reserve fund; and pay associated costs of issuance for the Series 2025 Bonds,” a press release states.
Brazos Presbyterian Homes operates three communities in Texas.
BHI closes on $29M loan to refinance community
BHI, the U.S Branch of Bank Hapoalim, B.M., closed on a $29 million loan to the Gold Standard of Care Group to refinance an assisted living and skilled nursing community in West Palm Beach, Florida.
The community offers 114 memory care beds and 30 skilled nursing beds. Gold Standard purchased the community in 2021, a press release states.
Since the acquisition, the community has been operated by Colonial Assisted Living.
Walker & Dunlop arranges $19M for affordable housing development
Walker & Dunlop announced it arranged $12.8 million in equity and a $6.3 million permanent loan commitment for Melrose Concourse, an affordable housing development in the Bronx, New York.
The project will develop on three vacant sites consisting of 72 units, a press release states.
The project is part of a joint venture between owner and co-developer Settlement Housing Fund, and co-developer and general contractor the Beechwood Organization, according to the release.
The post Senior Living Dealbook: Helios Sells Restored Texas Community; Ziegler Closes $80M for Brazos Presbyterian Homes appeared first on Senior Housing News.
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