4th and up $100M
Cambridge Realty Capital has released its fourth-quarter closings report for 2020 of 13 transactions valued at $100 million, and Cambridge President Jeffrey Davis is happy, considering the current circumstances. “It has been anything but a so-called ‘normal’ year,” he stated, “so the fact that we are able to report the numbers we have is both humbling and gratifying.” In fact, pandemic notwithstanding, Cambridge reports a total of $415 million for 2020, with 40 closings, the second-highest number of annual closings in Cambridge’s history. “It’s remarkable,” Davis commented, “and it speaks to the relative stability of the senior living industry, as well as its importance and necessity.”
Davis reported that Cambridge Realty Capital closed a total of 13 transactions in the fourth quarter of 2020. The closings represent $100 million dollars in funding.
The fourth-quarter numbers bring Cambridge’s year-to-date total closings to $415,000,000 which includes 40 senior housing facilities, primarily nursing homes, totaling 5,254 beds or units. These units are in several states across the US.
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