Meridian Closes $200 Million in Transaction Volume

Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, had an impressive October, closing $200 million in transaction volume. The team recently sold seven skilled nursing facilities totaling 844 beds in Massachusetts for $58.8 million, or $70,000 per bed, and arranged $45 million in financing from a commercial bank for the acquisition and the refinance of an eighth skilled nursing facility in Illinois comprising 53 beds. They also sold a 242-bed skilled nursing facility in Colorado for $28.4 million, or $117,400 per bed.  

Rounding out their recent activity, the team arranged $28 million from a finance company to refinance two skilled nursing facilities consisting of 292 beds in Missouri and $27.6 million in HUD financing for the refinance of a 105-bed skilled nursing facility in West Virginia.