Meridian Ends Summer with $465 Million in Volume

Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, closed $465 million in transaction volume in August to round out the summer of 2023. The largest deal saw the team arrange acquisition financing from a REIT and finance company for 28 facilities comprising 2,629 skilled nursing beds and 88 assisted living units in Nevada, Washington, Wyoming, Oregon, Montana, and South Dakota. 

They also closed several additional acquisition loans, including $30 million in financing from a commercial bank for five facilities consisting of 470 skilled nursing beds and 92 assisted living units in Indiana; $6.2 million in financing from a commercial bank in addition to a $1.5 million A/R line for a 106-bed skilled nursing facility in Pennsylvania; $6.7 million in financing from a commercial bank for a 213-bed skilled nursing facility in Illinois; and $4.6 million in financing from a finance company for three skilled nursing facilities totaling 515 beds in Illinois.