Meridian Capital Group

Meridian’s Senior Housing and Healthcare Team Reaches $2.35 Billion in Transaction Volume Year-to-Date in 2019

September 16, 2019

 
Meridian Capital Group’s senior housing and healthcare team has reached $2.31 billion in transaction volume for a combination of skilled nursing, assisted living, independent living, and memory care facilities through 63 transactions across 27 states year-to-date in 2019.

Led by Managing Directors, Ari Adlerstein and Ari Dobkin, and Senior Vice President, Josh Simpson, Meridian’s senior housing and healthcare platform has closed more than $7.5 billion in financing since the team’s inception in 2011.

Recently, the team arranged $241 million in acquisition financing for 19 skilled nursing facilities totaling 2,175 beds in Massachusetts, Delaware, Maryland, New Hampshire, Pennsylvania, and West Virginia.

The trio also arranged a total of $157 million in financing consisting of $126 million in acquisition financing, $26 million in mezzanine financing, and a $5 million line of credit to acquire six skilled nursing, assisted living, and independent living facilities in New Jersey.

Additionally, the team sold two assisted living and memory care facilities totaling 208 beds in Savannah, GA and Madison, AL for $56 million and arranged $40 million in financing for the acquisitions. They also arranged $40.2 million in acquisition financing with a $3.5 million line of capex to purchase a portfolio of skilled nursing facilities in Georgia.

Rounding out their recent activity includes $20.7 million in acquisition financing, $2.5 million in mezzanine financing, and a $2 million line of capex to purchase a skilled nursing facility totaling 180 beds in Florida, and a $17 million acquisition loan for three skilled nursing facilities totaling 367 beds in Massachusetts.

The specialists on Meridian’s senior housing and healthcare team have proven themselves as experts across a wide variety of financing types, including acquisition, construction, mezzanine, bridge and permanent as well as accounts receivables financing. To achieve outstanding outcomes for clients, the team works with a broad array of lenders spanning specialized banks, CMBS lenders, debt funds, life insurance companies, and agency lending platforms, in addition to providing a broad array of advisory services such as equity capital markets and investment sales across all sub-asset classes of senior housing and healthcare properties.

Founded in 1991, Meridian Capital Group is America’s most active deal maker and one of the nation’s leading commercial real estate finance and investment sales firms. In 2018, Meridian closed over $37 billion in financing through more than 3,500 transactions across more than 250 unique lenders and sold nearly $1 billion in commercial property. Since inception, the company has closed more than $300 billion in financing with the full complement of capital providers, encompassing local, regional and national banks, CMBS lenders, agency lenders, mortgage REITs, life insurance companies, credit unions and private equity funds. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, healthcare, student housing and self-storage properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida and California. www.meridiancapital.com