The firm has extensive experience with senior living facilities, providing representation to owners and lenders in acquisitions, dispositions, leasing and financing of senior housing facilities, including skilled nursing facilities, assisted living facilities, congregate care facilities, independent living facilities and Alzheimer treatment facilities. The lawyers that make up the Senior Housing Group form a cohesive team experienced in virtually every aspect of senior housing financing transactions, including accounts receivable financing, first mortgage financing, mezzanine financing, construction financing and equity.

We recognize that the inherent value of a senior housing property is more than just the property itself; the real value lies in the property as an ongoing enterprise. When we work with owners or lenders to acquire, finance or lease these properties, we focus on the operational and licensing issues to ensure continued success of the facility.

When structuring senior housing transactions, we are sensitive to the regulatory demands that must be considered, such as Medicare and Medicaid reimbursement schemes and individual state licensing regulations. In driving these deals, we focus on ensuring uninterrupted cash flow and operations. We understand when simpler structures provide the most efficient solutions and when more complex structures may be required in some jurisdictions to address business or regulatory issues.

In addition to the extensive knowledge within the Senior Housing Group, we are able to call on the wide range of experience from the firm's other practice groups to assist senior housing clients with a broad spectrum of transactional issues, including general real estate, environmental issues, asset-based financing, workouts and bankruptcy, corporate restructuring, joint ventures, tax issues, and litigation. For example, the firm's extensive experience in workouts and bankruptcies enables the Senior Housing Group to work effectively with clients in dealing with senior care facility operators in financial trouble as a result of revised reimbursement schemes. We recently helped a lender continue to finance a public senior care facility operator going into a bankruptcy by structuring a pre-negotiated debtor-in-possession financing package. We then helped the lender continue to work with its client to structure financing for that operator when it successfully emerged from bankruptcy. Our Senior Housing Group also benefits from and contributes to our broader experience with other types of health care financing work.

For more information on our Senior Housing Group, please contact Gary Ruben at 312.201.3907 or gary.ruben@goldbergkohn.com.