Key Developments: Capital Senior Living Corp (CSU.N)
23.35USD
1 Aug 2013
$0.31 (+1.35%)
$23.04
$23.24
$23.51
$23.23
21,043
48,096
$27.90
$9.75
Latest Key Developments (Source: Significant Developments)
Capital Senior Living Corporation Acquires Five Communities For $49.4 Million
Capital Senior Living Corporation announced that it has completed the acquisition of five senior living communities for a purchase price of $49.4 million. These communities are in Texas and Indiana, enhancing the Company’s existing operations in these states. The five communities are financed with approximately $37.5 million of 10-year fixed rate debt that is non-recourse to the Company with a blended interest rate of 4.71%. The Company expects to acquire these communities in the second quarter of 2012. Full Article
Capital Senior Living Corporation Closes Three Community Acquisition
Capital Senior Living Corporation announced that it has completed the acquisition of three senior living communities for a purchase price of $30 million. Two of these communities are in South Carolina and one is in North Carolina. The three communities are financed with approximately $22 million of 10-year fixed rate debt that is non-recourse to the Company with an interest rate of 4.92%. The Company expects to acquire these communities late in the fourth quarter of 2011. Full Article
Capital Senior Living Corporation Completes $23.8 Million Long-Term Mortgage Financing; Announces Acquisition Of Three Senior Living Communities
Capital Senior Living Corporation announced that it has completed two mortgage financings on recently acquired owned communities. One loan for $4.8 million has a fixed interest rate of 4.97% and finances a recently acquired community in Indiana. The second loan for $19.0 million has a fixed interest rate of 4.92% and finances a community recently acquired in Ohio. Both mortgages have a term of 10 years and are non-recourse to the Company. In addition, the Company has completed due diligence on three senior living communities, and expects these acquisitions to close in mid-October subject to customary closing conditions for a purchase price of approximately $30 million. Two of the communities are in South Carolina and one is in North Carolina. The Company has received an initial commitment for 10 year fixed rate non-recourse financing with rates and terms similar to those described above. Further, the Company is conducting due diligence on additional transactions consisting of senior living communities in locations with existing operations. Subject to completion of due diligence and customary closing conditions, the Company expects to acquire these communities in the fourth quarter of 2011. Full Article

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