Closed over $3 billion in long term care and seniors housing transactions in 2022.
Negotiation and leasing of multiple operations for long term care provider
Represented a regional long term care provider in the leasing of a package of 12 facilities, including the negotiation of the lease with a REIT, the negotiation of operations transfer agreements with the previous operator, the negotiation of working capital financing with a commercial lender, and overseeing the regulatory approvals related to the transaction.
Represented bondholders in creditors’ action obtaining emergency appointment of receiver over assisted living/memory care facility in Alabama.
Represented bondholders in obtaining court appointment of receiver over two assisted living/memory care facilities in Florida, acquisition of the facilities at receivership sale, and subsequent re-sale of the facilities post-receivership.
Represented secured lender in workout of two separate loan facilities to related borrowers/owners/operators of assisted living/memory care communities in Florida.
Represented secured lender in workout of loan to assisted living/memory care facility in Florida.
Represented court-appointed receiver in receivership and stalking horse sale proceedings involving three assisted living/memory care facilities in Texas.
Represented the lender in the closing of a $61.5 million loan portfolio for the acquisition of nine skilled nursing facilities in Utah. Term and revolving loan transaction involved a Utah UPL/IGT component on an aggressive timeline, as well as a number of complex regulatory issues in the healthcare lending space.