Seniors housing and other healthcare real property assets are a critical part of the operating company’s business.  Because the needs, wants and desires of seniors continues to evolve and new operators with modern business models are entering the market, the industry is dynamic and current owners must be proactive to be competitive, let alone maintain their market position.  When combined with a permanent financing solution, the strategic use of short-term capital can assist operators in the competitive repositioning of their properties to gain or maintain a market advantage.  Further, in addition to repositioning an asset itself, alternative financing may be used for financial repositioning; including, pre-agency recapitalizations and cash-out refinances, partner buy-outs, structured earn-outs, sale/lease-backs, and other transactions involving the real property asset that can provide significant financial benefits.