AdCare Completes Public Stock Offering

ATLANTA — AdCare Health Systems Inc. (NYSE: ADK), an investment company specializing in seniors housing, has closed an underwritten public offering of 575,000 shares of its 10.875 percent Series A cumulative redeemable preferred stock at a public offering price of $25.75 per share.

NHI Obtains $78 Million in Fannie Mae Financing

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE:NHI) has obtained $78 million in Fannie Mae financing through KeyBank National Association. The debt financing consists of interest-only payments at 3.79 percent and a 10-year maturity.

Lancaster Pollard Consolidates Assisted Living Loans

BETHESDA, Md. — Lancaster Pollard has consolidated and refinanced multiple loans for Eden Homes, a four-community portfolio of assisted living facilities in Bethesda, into a single $5.7 million loan. The four communities are each in residential areas and designed to look like a single-family home.

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