Jeong-Mo Goo

The Print American Healthcare REIT, Inc. (NYSE:AHR) has closed six of the eight senior housing communities in its $873 million Kensington Senior Living portfolio. The first closings total approximately $572 million and move most of the transaction from pending to completed. The six properties comprise 464 units. Two more communities remain under definitive agreements and are expected to close in the fourth quarter, subject to specified conditions. The full portfolio totals 745 units.

The Print Mid-America Apartment Communities, Inc. (NYSE:MAA) plans to redeem all of its outstanding 8.50% Series I cumulative redeemable preferred stock on Oct. 1. The redemption replaces a fixed preferred dividend obligation with common-equity funding. The preferred stock totaled 867,846 shares at June 30 with a $50 liquidation preference, or about $43.4 million in aggregate.

The Print Saratoga Investment Corp. (NYSE:SAR) has pushed one large 2027 maturity out to 2031, but the refinancing does not remove the pressure visible in its latest dividend math. The business development company closed an $85 million offering of 8.00% unsecured notes on Aug. 26. Net proceeds were approximately $82.0 million. Saratoga plans to combine those proceeds with available cash to redeem all $105.5 million of its 6.00% notes due 2027 on Sept. 18.