SEPTEMBER 1, 2017
Chattanooga, Tennessee – Contemporary Healthcare Capital (“CHC”) announced today the launching of its latest seniors housing dedicated loan and investment fund, Contemporary Healthcare Fund, III, L.P. This will be CHC’s eight fund since inception in 2001 with past and current funds totaling approximately ¾ of a billion dollars. “We are thrilled to announce the commencement of our latest fund and recognize the continued confidence of our investor base, many of who have consistently invested in Contemporary-sponsored funds for over 17 years” said Chairman, Byron DeFoor. “Our team will continue to serve this industry of which we’ve all dedicated our careers”.
With the new fund, CHC will continue to provide mezzanine, uni-tranche and A/B structures for operators of skilled nursing, assisted living, memory care and independent living. “We are excited about continuing to be able to serve our past, existing and prospective seniors housing clients that have so admirably dedicated their lives to serving our nation’s elderly”, said Director of Originations, Steve McGee. “We began actively issuing term sheets out of the newest fund in late summer and look forward to closing over the next few weeks the first new fund investments presently in our pipeline”.