Meridian Capital Group Ends Summer with a Bang

Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, closed more than $800 million in transaction volume in August and September 2023 across both investment sales and financings.

The highlight was the team’s arranging of acquisition financing from a REIT and finance company for the purchase of EmpRes Healthcare and 28 facilities comprising 2,629 skilled nursing beds and 88 assisted living units in Nevada, Washington, Wyoming, Oregon, Montana, and South Dakota. 

They also sold a 104-bed assisted living community in Florida for $24.2 million and two assisted living communities comprising 202 beds in California for $22.5 million. On the financing front, the team arranged a $10 million loan from a finance company for the acquisition of a North Carolina facility with 100 skilled nursing beds and 50 assisted living units, as well as a $9 million loan from a commercial bank for the acquisition of two assisted living communities with 60 units in Kansas.