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BHI Healthcare Group Finances Lionstone Care Acquisition of Assisted Living/Memory Care Facility

September 28, 2021, 07:04 AM
Filed Under: Real Estate

BHI announced that its Healthcare Group has provided $31.1 million to Lionstone Care for the acquisition of an assisted living and memory care facility in Southern New Jersey.  

The facility has 110 units and is licensed for 130 beds.  Amenities at the facility include five living rooms, a library, game room, tearoom, three dining rooms, a beauty salon, and a variety of activities for residents.  

“The expert healthcare team at BHI understands the intricacies of the senior housing sector and worked diligently on our financing.  They are familiar with our business and it has proven to be a highly productive relationship.  We look forward to working on other deals together,” said one owner of Lionstone Care.  

“This is a superb facility that has a stellar reputation for providing high quality care and maintaining efficient operations.  Almost completely occupied, it has historically yielded impressive results.  We are very pleased to collaborate with the owners of Lionstone Care, which has a strong track record as an operator that includes success in turnaround situations,” said Tami Antebi, Head of BHI Healthcare.

“BHI remains highly committed to providing creative solutions to the Healthcare sector and values the opportunity to work with the owners of Lionstone Care and support their future growth.  We understand the nuances of the business, the industry demands, and most of all, we are passionate about our borrower’s success and care for the communities they service. That ethos guides our platform and is core to BHI Healthcare,” said Steven Caligor, EVP & Division Executive of Structured Finance – CRE and Healthcare.

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