Seniors Housing Business

FEB-MAR 2018

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

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Finance 8 www.seniorshousingbusiness.com Seniors Housing Business n February-March 2018 Stock Snapshot REITs Stock Current 1 month 12 months symbol price change change 2/6/18 1/5/18 2/7/17 CareTrust REIT CTRE $15.13 -6.89% 3.63% HCP Inc. HCP $23.46 -6.20% -19.66% Welltower Inc. HCN $57.21 -8.27% -9.83% LTC Properties Inc. LTC $38.48 -9.22% -13.10% National Health Investors Inc. NHI $66.34 -10.38% -6.84% New Senior Investment Group SNR $7.19 -4.89% -21.68% Omega Healthcare Investors OHI $26.37 0.23% -11.45% Quality Care Properties Inc. QCP $12.86 -7.01% -28.56% Sabra Healthcare REIT Inc. SBRA $17.18 -7.08% -28.12% Senior Housing Properties Trust SNH $16.45 -8.81% -7.74% Ventas Inc. VTR $53.19 -8.84% -9.71% Publicly traded Stock Current 1 month 12 months owners and managers symbol price change change 2/6/18 1/5/18 2/7/17 Blackstone Group BX $34.65 4.97% 20.10% Brookdale Senior Living BKD $9.31 -3.82% -39.03% Capital Senior Living Corp. CSU $10.94 -15.78% -33.90% The Ensign Group Inc. ENSG $22.98 -3.57% 12.81% Five Star Quality Care FVE $1.48 -4.52% -43.08% Providing: Mezzanine and Subordinate Loans, Preferred Equity, Sims HUD Plus SM , High-Leverage First Mortgages, FHA-Insured Loans n Higher leverage n Flexible structure n Non-recourse financing n Trusted partner Sims is the Right Capital Partner hjsims.com simsmortgage.com Curtis King Senior Vice President, HJ Sims 512.519.5003 cking@hjsims.com Anthony Luzzi President, Sims Mortgage Funding 201.307.9383 aluzzi@simsmortgage.com Your needs. Our can-do approach. Sims Mortgage Funding is a wholly-owned subsidiary of HJ Sims. Member of FINRA , SIPC. KeyBank provides $161.6 million refinancing for 13-property age-restricted portfolio Cleveland — KeyBank Real Estate Capital has provided $161.6 million in financing to Calamar Enterprises for a 13-property age-restricted housing portfolio. The properties total approxi- mately 1,500 units and are located in New York, New Hampshire, Missouri and Nebraska. The financing is split into two parts. The first portion is $113.3 mil- lion of debt provided through the Fannie Mae DUS program and struc- tured as two cross-collateralized pools with seven- and 12-year terms. The remaining $48.3 million was provided through the KeyBank balance sheet. The loans refinance existing debt. Six of the properties were in the process of lease-up, three of which were financed through Fan- nie Mae's Near-Stabilization Ex- ecution program. The other three were placed on KeyBank's balance sheet until they meet the agency's refinance parameters. Four of the properties in the portfolio, located in New York, contained payment in lieu of tax (PILOT) agreements, which further added to the com- plexity of the deal. Dirk Falardeau and David Pyc of KeyBank originated the financing package. HJ Sims provides $80.1 million bond refinancing for nonprofit portfolio in Pennsylvania Lafayette Hill, Pa. — HJ Sims has completed an $88.1 million bond refinancing for Presby's Inspired Life, a nonprofit operator based in Lafayette Hill. The company owns and operates four market-rate seniors housing communities in the Philadelphia area: Rydal Park, Rosemont Pres- byterian Village, Spring Mill Pres- byterian Village and Broomall Pres- byterian Village. Presby's has worked with HJ Sims since 2009, with the invest- ment banking firm providing four financings totaling more than $183 million during the relationship. The current bonds will refinance bank debt and bonds from 2010

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