BLUESTONE IN THE NEWS
News Articles
December 13, 2010 - 2011 OUTLOOK: OPPORTUNITY OUTWEIGHS UNCERTAINTY IN CRE/CMBS MARKETS
NAI Global Corporate Blog
If 2010 was a year marked by uncertainty, then 2011 should shed some much needed light on the future of CRE market. Despite the hurdles of the financial crisis and its impact on commercial real estate, recent data suggests that investors are looking to expand next year as the economy enters into a slow recovery.
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October 27, 2010 - FEASTERVILLE ASSISTED LIVING FACILITY ARBORS FUNDED
Philadelphia Business Journal
Though it's still difficult to get financing for commercial real estate projects, $14.3 million in debt and equity was lined up to fund the development of Arbors at Buck Run, an assisted-living and memory-care facility in Feasterville.
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October 26, 2010 - SENIOR HOUSING POSES OPPORTUNITIES FOR INVESTORS
NAI Global Corporate Blog
In spite of a sluggish national economy and skittish capital markets, the outlook is extremely bright for the senior housing industry. While other asset sectors continue to suffer from a lack of liquidity, recent data suggest that high demand and a return of capital to the senior housing market will make for a rich deal making environment in the months ahead.
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October 21, 2010 - BIZ BRIEFS: NAI BLUESTONE, SUN HEALTHCARE, HCP, HALLMARK & MORE
Senior Housing News
NAI Bluestone Real Estate Capital announced that it has secured $14.3M in debt and equity financing for the development of the Arbors at Buck Run, an 85 unit assisted living and memory care facility located in Feasterville, PA. Beneficial Bank provided $9.3M of senior construction debt financing for this transaction, and an additional $5M in equity was secured from a Washington D.C.-based private equity firm. The Arbors at Buck Run will consist of a two building, 111 bed assisted living and memory care facility located on 9.74 four acres in Bucks County, PA. The renovated facility, which will include a brand new memory care wing, will offer a full complement of services and amenities is planned to be completed in the Spring of 2011.
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September 23, 2010 - COMMERCIAL REAL ESTATE RETURNS - LEADING INDICATORS, RETURN OF DEBT AND BROKERAGE ACTIVITY
NAI Global Corporate Blog
America and the world’s economies were thrown into the sharpest recession ever by the overnight disappearance of debt. The appetite for debt among the world’s investors instantly vanished and remained absent for 18 months. This of course caused the smoothly running real estate machine to seize. The deal making world became barren. No one knew where to turn or what we could do to spark transactional activity.
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August 17, 2010 - BLATSTEIN'S BANKERS: FANNIE MAE, WEBSTER
The Philadelphia Inquirer
Fannie Mae, the US-subsidized home loan funding giant whose reorganization is the next and ugliest financial reform project pending in Washington, has agreed to provide $29 million in permanent financing to repay the labor-backed funds that built Navona, the 156-apartment central building at the Piazza at Schmidt's, built two years ago by Bart Blatstein's Tower Investments.
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May 5, 2010 - LENDING CRISIS EBBS
National Real Estate Investor
The commercial real estate community is breathing a big sigh of relief. It has weathered an economic and financial storm that wiped out some of the most venerable firms on Wall Street, caused the credit markets to seize up for most of 2009, and wreaked havoc on property markets.
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