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 February/March 2017 Stock Snapshot REITs Stock Current 1 month 12 months symbol price change 1 change 1 2/20/17 1/20/17 2/19/16 Care Capital Properties CCP $24.71 -1.35% -3.78% CareTrust REIT CTRE $15.34 -0.65% N/A 3 HCP HCP $31.07 3.33% 20.10% Welltower HCN $65.92 -1.26% 11.35% LTC Properties LTC $46.71 -0.95% 8.02% National Health Investors NHI $74.31 -0.68% 26.53% New Senior Investment Group SNR $10.34 1.37% 14.76% Omega Healthcare Investors OHI $31.71 -2.01% 4.58% Sabra Healthcare REIT SBRA $25.32 -1.67% N/A 3 Senior Housing Properties Trust SNH $19.70 3.58% 34.20% Ventas VTR $62.16 0.42% 19.10% Publicly traded Stock Current 1 month 12 months owners and managers symbol price change change 2/20/17 1/20/17 2/19/16 Blackstone Group 2 BX $30.22 2.16% 16.81% Brookdale Senior Living BKD $14.37 -8.30% 21.78% Capital Senior Living Corp. CSU $17.06 0.71% 10.78% The Ensign Group Inc. ENSG $18.11 -10.61% -3.36% Five Star Quality Care FVE $2.50 -7.41% 6.84% 1 Adjusted for stock splits. 2 Blackstone Group is recognized as one of the 10 largest owners of seniors housing properties. 3 CareTrust REIT and Sabra Healthcare REIT switched to NASDAQ and do not yet have a year of historical data on their new exchange. Currently, 11 of GoodWorks' 23 facilities are positioned for expan- sion. Harborview Capital Partners ad- vised GoodWorks during the trans- action, selecting SunTrust Bank as the capital provider. Greystone arranges $48.5 million refinancing near Tampa Seminole, Fla. — Greystone, a real estate lending, investment and advisory company, has arranged a $48.5 million refinancing for Lake Seminole Square, a seniors housing community in the Tampa suburb of Seminole. Brookdale operates the entrance- fee continuing care retirement com- munity. Further details were not disclosed. Greystone's seniors housing lending team of Scott Kavel, Neal Raburn and Cary Tremper com- pleted the Fannie Mae financing. Thorofare Capital funds $19 million bridge loan for assisted living community in Phoenix Phoenix — Thorofare Capital has provided a $19 million, fixed- rate bridge loan to an affiliate of ArciTerra Cos. LLC. The funds will be used to refinance debt on Morn- ingStar at Arcadia, a 135-bed assist- ed living community in Phoenix. Located on a 1.1-acre site, the community features 80 assisted liv- ing units and 30 memory care units in a four-story, 139,643-square-foot building. MorningStar Senior Liv- ing operates the property, which opened in 2014. The funds will retire the con- struction loan on the community and result in more equity for the ownership, a Phoenix-based real estate investment and develop- ment company. The term is two years of interest-only payments. Thorofare Capital is a Los Ange- les-based investment manager spe- cializing in senior mortgage debt for middle-market commercial real estate assets. Lancaster Pollard negotiates $40.7 million refinancing for New England facilities Avon, Conn. — Lancaster Pol- lard has arranged six separate refi- nancings totaling $40.7 million for Apple Rehab, a skilled nursing pro- vider based in the Hartford suburb of Avon. The facilities refinanced are The Clipper Home in Westerly, R.I.; T.A. Coccomo Memorial in Meriden, Conn.; Hewitt Health & Rehabilitation Center in Shel- ton, Conn.; Plainville Health Care Center in Plainville, Conn.; Apple Rehab Colchester in Colchester, Conn.; and Waterbury Extended Care Facility in Watertown, Conn. The facilities total 517 skilled nurs- ing beds. Aaron Becker led the Lancaster Pollard team in arranging the six FHA-insured loans. Each loan has a 30-year term and fixed interest rate. The refinancing will allow Apple Rehab to lower its debt service and increase its replacement reserves. Harborview Capital Partners closes $19.3 million in bridge loans for communities in Texas, Michigan BRYAN, Texas, and GRAND RAP- IDS, Mich. — Harborview Capital Partners, a commercial real estate fi- nance, equity and advisory firm, has Brookdale operates Lake Seminole Square in the suburbs of Tampa. Greystone negotiated a $48.5 million Fannie Mae refinancing for the community.