REBusinessOnline

Capital Funding Group Provides $262.6M Refinancing for Skilled Nursing Portfolio in Colorado, California, Wyoming

BALTIMORE — Capital Funding Group, a Baltimore-based lender, has provided a $262.6 million term loan to refinance a 29-asset long-term care portfolio.Spanning Colorado, California and Wyoming, the portfolio includes 28 skilled nursing facilities and one joint skilled nursing and assisted living facility, with a total of 3,140 beds. The borrower is a privately owned real estate investment group.Erik Howard and Tim Eberhardt originated the transaction for Capital Funding

California, Colorado, Loans, Multifamily, Seniors Housing, Western, Wyoming

Senior Living Investment Brokerage Negotiates Sale of Two Communities in Montana, Wyoming

CODY, WY., AND GREAT FALLS, MONT. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living communities, located in Cody and Great Falls. The portfolio totals 107 units of assisted living and independent living.The buyer is an Oregon-based regional owner-operator familiar with the region. The seller and price were not disclosed.Bradley Clousing, Jason Punzel and Jeff Binder of SLIB handled the

Acquisitions, Montana, Multifamily, Seniors Housing, Western, Wyoming

Waterton, Orion Cos. Acquire The Virginian Lodge in Jackson, Wyoming

JACKSON, WYO. — Chicago-based Waterton, as part of a joint venture with Jackson-based Orion Cos., has completed the acquisition of The Virginian Lodge and adjacent RV park, located at 750 W. Broadway in downtown Jackson.Built in the 1960s, the 170-key lodge will undergo a repositioning with renovations to rooms, amenities, common areas, retail spaces and food and beverage operations beginning in late 2020. The buyers plan to renovate and redesign the restaurant along with offering …

Acquisitions, Hospitality, Western, Wyoming

Bellwether Enterprise Closes $294.2M in Financing for 22 Manufactured Housing Communities Nationwide

DENVER — Bellwether Enterprise Real Estate Capital has closed four transactions totaling $294.2 million in Fannie Mae loans for manufactured housing communities across the United States. MJ Vukovich of Bellwether’s Denver office, along with Ghazy Grijalva of the firm’s Chicago office, arranged the deals.In total the financing covers 5,554 pad sites across the five transactions. The deals include:A $28 million loan for two manufactured housing assets located in Montana on behalf …

California, Colorado, Loans, Montana, Multifamily, North Carolina, Western, Wyoming

Berkadia Secures $26M Acquisition Loan for Granite 550 Apartments in Wyoming

CASPER, WYO. — Berkadia has arranged the sale of Granite 550 Apartments, a garden-style multifamily community located in Casper. John Laratta and Nick Steele of Berkadia’s Denver office completed the sale on behalf of the seller, Colorado-based Mountain View Capital. The name of the buyer was not released.Additionally, Tucker Knight of Berkadia’s Houston office secured a $26 million loan for the acquisition of the property. The 10-year Freddie Mac loan features a 3.3 percent interest …

Acquisitions, Loans, Multifamily, Western, Wyoming

Marcus & Millichap Arranges $8M Sale of AAA Self Storage in Cheyenne, Wyoming

CHEYENNE, WYO. — Marcus & Millichap has arranged the sale of AAA Self Storage, a self-storage property in Cheyenne. A local investor sold the asset to an undisclosed buyer for $8 million.Located at 200 S. College Drive, the 74,750-square-foot AAA Self Storage features 517 drive-up units and 103 rentable outdoor parking spaces.Marcus & Millichap’s Adam Schlosser, Charles LeClaire and Neville Rustomjee, as Wyoming broker of record, represented the seller in the

Acquisitions, Industrial, Self-Storage, Western, Wyoming

Marcus & Millichap Brokers $4.8M Sale of Tractor Supply Net-Leased Property in Cody, Wyoming

CODY, WYOMING — Marcus & Millichap has directed the sale of a retail property located at 324 Yellowstone Ave. in Cody. An undisclosed buyer acquired the asset for $4.8 million.The 22,064-square-foot property was constructed as a build-to-suit in 2014 for Tractor Supply, which occupies the building on a net-leased basis.Brett Winger and Dominic Sulo of Marcus & Millichap’s Chicago Oak Brook, Ill., office represented the seller, a private investor. Neville Rustomjee, also of …

Acquisitions, Net Lease, Retail, Western, Wyoming

Blueprint Brokers Sale of 120-Bed Skilled Nursing Facility in Wyoming

CASPER, WYO. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 120-bed skilled nursing facility in the Central Wyoming city of Casper.A New York-based owner of more than 150 facilities sold the property to a national owner-operator. The price and name of the facility were not disclosed.The asset was positioned as a value-add opportunity. At the time of sale, in-place cash flow was negative, with occupancy in multiple year-over-year decline. However, the facility …

Acquisitions, Multifamily, Seniors Housing, Western, Wyoming

SkyView Advisors Brokers Sale of 99,700 SF Self-Storage Property in Cheyenne, Wyoming

CHEYENNE, WYO. — SkyView Advisors has negotiated the sale of Superior Storage of Cheyenne, a self-storage facility located in Cheyenne. Storage Star acquired the property for an undisclosed price.Situated on 6.4 acres at 4405 Van Buren Ave., Superior Storage of Cheyenne totals 99,700 rentable square feet and 493 total units.Zachary Urow and Ryan Clark of SkyView Advisors represented the undisclosed seller in the

Acquisitions, Industrial, Self-Storage, Western, Wyoming

Pinnacle Real Estate Advisors Brokers $7.5M Sale of 112-Unit Apartment Building in Wyoming

CHEYENNE, WY. — Pinnacle Real Estate Advisors has arranged the sale of an apartment building, located at 4700 Mountain Road in Cheyenne. Mountain Elk Ridge sold the property to an undisclosed buyer for $7.5 million.The apartment building features 112 residential units. Jeff Johnson and Andrew Monette of Pinnacle Real Estate Advisors represented the seller in the

Acquisitions, Multifamily, Western, Wyoming
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