Sims raises approximately $2.0 million for Investment in Benchmark Fund
Continue readingBenchmark V Series IV and Benchmark VI Series III (January 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingWatermark Retirement Living (May 2021)
Watermark Retirement Living, which manages 65 communities in 21 states with additional communities under development, including CCRC’s, standalone independent living, assisted living and memory care communities in addition to Medicare-certified rehabilitation and skilled nursing neighborhoods, has partnered with ZOM Living, a highly regarded luxury multifamily developer, to develop two luxury senior living communities in South Florida.
Continue readingMerrill Gardens V Series IV (February 2021)
Based in Seattle, Washington, R.D. Merrill Company (“Merrill”) was founded in 1890 by Richard Dwight Merrill initially as a timberland business, later diversifying into real estate investment, development, and management of senior housing, mixed-use, and multi-family properties.
Continue readingMerrill Gardens VI Series IV
HJ Sims raises additional capital for investment in development fund for Merrill Gardens. HJ Sims secured the capital for the Series IV and issued $6.85 million of securities in October 2020.
Continue readingMerrill Gardens VI Series II and III
HJ Sims raises additional capital for investment in development fund for Merrill Gardens. HJ Sims secured the capital for the Series III securities in a turbulent market amidst concerns of COVID-19 to fulfill its investment and meet the timing needs of the Fund.
Continue readingVoralto Living
Voralto Living, along with its affiliates (“Voralto”), is a 42-year-old best in class senior living owner, operator, and developer whose leadership team has a combined 120+ years of experience in the senior living industry.
Continue readingBenchmark Senior Living
Headquartered in Waltham, Massachusetts, Benchmark Senior Living (“Benchmark”) is a premier owner, operator, and developer of senior living communities. Dating back to 2005, HJ Sims has made seven investments with Benchmark.
Continue readingCivitas Senior Living
Sims had the opportunity to provide subordinate financing for the development of Legacy Oaks of Red Oak (the “Community”), a proposed 188-unit independent living, assisted living and memory care community located in Red Oak, TX, a southern suburb of Dallas, TX.
Continue readingBenchmark Senior Living V
HJ Sims committed to funding $12 million to purchase Class A Interests in a new investment partnership, BSL Investors Fund II, LLC (“BSL II”) with long-time partner Benchmark Senior Living, LLC (“Benchmark”). BSL II was formed to develop and acquire senior housing communities located in the Boston to Washington DC corridor.
Continue readingMerrill Gardens V
In 2016 Sims committed to co-invest $15 million in its third fund (“RDM V” or the “Fund”) with trusted partner Merrill Gardens, LLC (“Merrill Gardens”). RDM V was formed to acquire, develop and operate new senior housing and multifamily properties in the western and southern United States.
Continue readingNext Healthcare Group
Next Healthcare Group is a privately held healthcare real estate investment firm specializing in the acquisition and management of high-quality, skilled nursing facilities. NHG is primarily aligned with national operators with a proven track record of operating skilled nursing facilities.
Continue readingThe Watermark at Continental Ranch
Sims was approached to provide subordinate financing for the development of The Watermark at Continental Ranch, a proposed 99-unit assisted living and memory care community in Marana, AZ, which is a suburb of Tucson.
Continue readingSante Partners
Sims was approached by an affiliate of Sante Partners (Sante) to provide financing in connection with the development of a 129 unit independent living community in Glendale, Arizona, which will be leased by and operated by Holiday Retirement.
Continue readingMerrill Gardens
As a result of its past relationship, Sims was approached by affiliates of Merrill Gardens, LLC to co-invest with other accredited investors in its recently formed investment fund RDMV, LLC.
Continue readingCypress Point
Cypress Point is a new construction rental senior living community to be located in Fort Myers, Florida. Once complete, the project will consist of 134 units, which includes 96 assisted living units comprising 102 beds, and 38 memory care units.
Continue readingVolterra at ChampionsGate
Volterra at ChampionsGate, a Tuscan Isle Community is a new senior living community to be located in Four Corners, FL. It will consist of 131 independent living apartments, 56 assisted living and 36 memory care suites and encompass approximately 220,000 square feet.
Continue readingAthena Health Care
Sims successfully completed a $42 million private placement of taxable bonds to accredited investors to refinance existing debt and preferred equity for a skilled nursing portfolio consisting of 20 communities located in Connecticut, Massachusetts and Rhode Island.
Continue readingOmega Communities
HJ Sims is pleased to announce the closing of $14,000,000 of Series 2015 Tax-Exempt Senior Bonds and $3,650,000 of Series 2015 Taxable Bonds for Omega Communities to fund the acquisition and rehabilitation of an assisted living community in Alabama.
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