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New York & Tri-State  + New York  + Healthcare  | 

Meridian Arranges $210M Financing for 5-State Healthcare Portfolio

New York-based Meridian Capital Group arranged $210 million in financing for a combination of skilled nursing, assisted living, and continuing care retirement communities located in FL, MD, WI, MN, and NC.

The financing package included a $60 million acquisition loan, along with $15 million in working capital for five skilled nursing facilities totaling 607 beds located throughout FL, in addition to another $6.8 million in acquisition financing for a 104-bed skilled nursing facility in FL.

In MD, Meridian arranged $35 million in acquisition financing for two skilled nursing facilities and the cash-out of a third facility; $32 million in acquisition financing for two healthcare facilities consisting of 263 skilled nursing beds and 25 assisted living beds; and arranged the $25 million sale of two skilled nursing facilities totaling 240 beds.

Other deals included: $9 million in financing for an 81-bed skilled nursing facility in MN,;a $4.2 million acquisition loan for a 160-bed skilled nursing facility in WI; and the $9.6 million sale of a 120-bed skilled nursing facility in NC.

Meridian’s Ari Adlerstein, Ari Dobkin and Josh Simpson arranged the deals.

Ari Adlerstein

Ari Dobkin

Josh Simpson


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.