White Oak Healthcare Finance acted as sole lender and administrative agent on a senior credit facility to support a strategic partnership between GMF Capital and Meridian Senior Living.
The funds were used to acquire assisted living/skilled nursing facilities located near Providence, RI.
“GMF is an active investor in the healthcare real estate sector with a strong leadership team with decades of expertise,” said Ross Eldridge, managing director at White Oak. “We are thrilled to be able to build a relationship with GMF and support their growing pipeline, as well as their partnership with Meridian, one of the most experienced seniors housing providers in the nation.”
“White Oak not only has flexible capital, but also has a dedicated team of healthcare real estate professionals that offered a competitive and creative structure that will help us achieve our business plan,” said Dan O’Keefe, managing director and head of Healthcare at GMF. “We hope to partner on future transactions and continue to grow our business.”
GMF Capital is an investment management platform engaged in private equity and alternative investments across real estate, healthcare, and structured credit.
Headquartered in Washington, D.C., Meridian Senior Living is a seniors housing operator which provides care to approximately 5,500 senior residents in 71 independent living, assisted living, and memory care communities across 19 states plus.
