Seniors Housing Business

AUG-SEP 2018

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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Finance 10 www.seniorshousingbusiness.com Seniors Housing Business n August-September 2018 Stock Snapshot REITs Stock Current 1 month 12 months symbol price change change 8/9/18 7/9/18 8/9/17 CareTrust REIT CTRE $17.66 3.09% -2.75% HCP Inc. HCP $26.16 0.89% -10.96% Welltower Inc. WELL $63.46 0.38% -10.92% LTC Properties Inc. LTC $43.29 0.70% -13.80% National Health Investors Inc. NHI $77.31 3.18% 1.64% New Senior Investment Group SNR $6.16 -20.31% -31.61% Omega Healthcare Investors OHI $31.34 -0.89% 2.45% Quality Care Properties Inc. QCP $21.11 -3.12% 25.36% Sabra Healthcare REIT Inc. SBRA $22.29 -0.13% 0.45% Senior Housing Properties Trust SNH $18.39 -0.65% -3.46% Ventas Inc. VTR $57.80 -0.99% -11.92% Publicly traded Stock Current 1 month 12 months owners and managers symbol price change change 5/8/18 4/9/18 5/8/17 Blackstone Group BX $35.77 1.88% 7.10% Brookdale Senior Living BKD $8.20 -16.07% -35.69% Capital Senior Living Corp. CSU $7.69 -31.40% -38.28% The Ensign Group Inc. ENSG $35.89 -3.68% 80.53% Five Star Quality Care FVE $1.13 -19.29% -27.10% borrower both owns and operates the entire portfolio. The names and locations of the properties were not disclosed. Ephraim and Jonathan Kutner of Harborview originated the loan. KeyBank provides $67.2 million HUD financing for skilled nursing portfolio in West Virginia Marmet, Sissonville and Parkers- burg, W.V. — KeyBank Real Es- tate Capital has provided a total of $67.2 million in HUD financing for a three-property skilled nursing portfolio in West Virginia. The portfolio totals 306 beds and includes Marmet Center in Marmet, Cedar Ridge Center in Sissonville and Willows Center in Parkersburg. A joint venture between Cindat Capital Manage- ment, Best Years LLC and Welltow- er recently acquired the properties, which were built between 1979 and 1986. Proceeds of the financing were used to pay down a portion of an existing KeyBank syndicated bridge loan that funded the ac- quisition. The financing team con- sisted of John Randolph from Key's Commercial Mortgage Group and Laura Conway and Brandon Taseff from Key's Healthcare Group. CBRE arranges $48 million refinancing for community near Detroit Plymouth, Mich. — CBRE has arranged a $48 million refinanc- ing for Cedarbrook of Northville, a 201-unit independent living, as- sisted living and memory care community in Plymouth, about 25 miles west of Detroit. The borrower is the developer of the property, a joint venture be- tween Blue Moon Capital Partners and Cedarbrook Senior Living. It features 98 independent living units, 19 independent living cot- tages, 43 assisted living units and 41 memory care units. Aron Will of CBRE National Senior Housing arranged the 10- year, fixed-rate loan with full-term, interest-only payments through Fannie Mae. Blue Moon is a private equity firm focused exclusively on seniors housing in the United States.

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