H2C CLIENT TRANSACTIONS
H2C Executes $35M in Financings for Regional Senior Living Owner/Operator
NEW YORK — H2C Securities Inc. (“H2C”), a healthcare focused strategic advisory firm, served as the exclusive advisor to Mainstay Senior Living (“Mainstay”) to secure financing for a pipeline of acquisitions, ground-up development projects, and refinancings.
Director Matthew Tarpley and Vice President Mitch Levine led the transactions for H2C.
The transactions include acquisition financings, refinancings, and construction financing for communities that Mainstay will own and operate, including:
66-unit assisted living (“AL”) community with a to-be-developed 51-unit independent living (“IL”) community in Plant City, Fla.
Three-property, 146-unit AL/Memory Care (“MC”) portfolio in Columbia, Rock Hill and Sumter, S.C.
120-bed skilled nursing facility in Lakeland, Fla.
59-unit AL/IL community in Savannah, Ga.
56-unit AL community in Asheville, N.C.
"We greatly appreciate the strategic partnership with H2C as we continue to expand our market footprint and integrate high-quality communities into our portfolio. We anticipate further expansion as we seek future opportunities through acquisition and development," said Louis Garrard, Founder and CEO of Mainstay Senior Living.
Headquartered in Polk County, Fla., Mainstay owns and operates upwards of 25 senior living communities throughout the Southeast U.S., managing over 1,600 licensed beds across the senior living care acuity spectrum. Having acquired or developed 10 communities over the last two years, Mainstay has grown into a premier regional operator that had grown beyond the capacity of its local ending relationships.
“Louis and the Mainstay Senior Living team have an exceptional, vertically integrated company that had grown from a Central Florida-focused team to a regional senior living owner/operator,” said Matthew Tarpley, Director, H2C. “It was a privilege to work alongside an organization that is in growth mode as they expand to be a strong regional provider and to secure financing sources that will grow alongside Mainstay for years to come.” Email Matthew.
Mainstay Senior Living
Privately held Florida-based, Mainstay Senior Living provides innovative housing solutions for clients in need of Independent Living, Assisted Living, Memory Care, and Skilled Nursing. Our development and operational teams originate, acquire, and grow our communities through the application of proprietary cost-saving vertical integrations. We are committed to providing warm, inviting, and comfortable accommodations where our residents are loved, celebrated and can thrive. We deliver a product not seen before, to markets not visited before, to seniors not served before!
About H2C Securities Inc. ("H2C")
H2C is a strategic advisory and investment banking firm committed to providing superior advice to healthcare organizations, higher education institutions, and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare and higher education mergers and acquisitions, capital markets, and real estate transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value.
For more than 20 years, the real estate investment banking professionals at H2C have successfully served as advisors on real estate transactions in excess of $16.5 billion nationwide. For more information on our real estate advisory group, please contact one of the H2C professionals or visit our website at h2c.com.
Securities and services offered through H2C Securities Inc., member FINRA/SIPC, a registered broker-dealer and an indirect subsidiary of Fifth Third Bank, National Association. All rights reserved. Securities and services offered through H2C Securities Inc.: Are Not FDIC Insured; Offer No Bank Guarantee; May Lose Value; Are Not Insured by any Federal Government Agency; Are Not a Deposit.
“We greatly appreciate the strategic partnership with H2C as we continue to expand our market footprint and integrate high-quality communities into our portfolio.”
— Louis Garrard
Founder and CEO,
Mainstay Senior Living