$312 Million Seniors Housing And Care Fund Closes

September 13, 2018, Lois Bowers, McKnight's Senior Living - Red Bank, NJ-based Locust Point Capital has closed its debut fund in seniors housing and care, the Locust Point Private Credit Fund, oversubscribed at $312 million, the asset management firm announced Wednesday.

The company's management team already has invested $93.8 million of the fund's committed capital, Locust Point Capital said.

Through the fund, the company provides subordinate debt, preferred equity and senior mortgage loans to owners and operators of assisted living, memory care and skilled nursing facilities for acquisitions, construction and expansion or renovation projects.

“Given the U.S. seniors housing and care market ........ CLICK HERE TO READ MORE