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Formation Capital, Safanad Acquire 14 SNFs for $150 Million

Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds with 11 facilities… Read More »

Providers Prepare For Huge Wave of Memory Care Competition

Memory care is quickly risen what some are calling the “flavor of the year,” when it comes to new senior housing construction across the nation. While other property types have ticked up and down over the last eight years, during and following the housing crisis, memory care construction has slowly and gradually increased over time,… Read More »

LTC Insurance Group Seeks Assisted Living Partner for Advocacy Campaign

A national advocacy organization is looking to partner with an assisted living provider to raise awareness for the importance of planning for long-term care services. The American Association for Long-Term Care Insurance is currently seeking an national assisted living organization interested in creating heightened awareness for the use of long-term care insurance to pay for the… Read More »

Senior Living Provider Makes Home Care Cuts, Citing Turnover Woes

Across an industry landscape where many community-based senior living and care providers are adding home care services to their offerings, one East Coast provider has announced it will be doing the opposite.  Citing operational challenges involved in providing home care services, namely those associated with staffing for home care, Country Meadows Retirement Communities, which operates… Read More »

Economy and Capital Remain Biggest Risks for REITS in 2014

While general economic conditions continue to be the No.1 risk factor self reported by real estate investment trusts (REITs) for three years in a row, according to the latest BDO RiskFactor Report, other concerns, such as cyber security, are now more prevalent than in years past. Despite the challenges and uncertainties around the economy and… Read More »

Galleries, Theatre Rank High for Top Arts-Focused Senior Living Communities

Thirty retirement communities nationwide have proven to be the best spots for seniors to indulge in culture and the arts, with Georgia-based Reynolds Plantation topping the list.  The rankings are made by BestRetirementDestinations.com, an independent authority on retirement communities. This month’s Culture & Arts rankings are based on five criteria: Galleries & Museums (quantity and proximity of cultural opportunities),… Read More »

Greystone Acquires ARA Seniors Housing Group to Become One-Stop Shop

Greystone, a New York-based senior housing and multi-family real estate lender, will become a one-stop shop for its senior living providers seeking debt financing, brokerage and advisory services with its acquisition of ARA Seniors Housing Group. Though the acquisition price was not disclosed, the new entity, Greystone Real Estate Advisors, Inc., will provide a range… Read More »

Developers See Risk and Big Reward in Tackling Crazy Zoning Markets

While some senior living providers see tough zoning laws as a barrier to breaking ground in a certain market, others see an opportunity to stake claim in otherwise uncharted territory. “In difficult markets to zone there are substantial entitlement hurdles, and usually you’re going to find an underserved population because of the challenges developers have,”… Read More »

Senior Housing Investments & Acquisitions: Aviv REIT, Ensign Group, Capital Senior Living

Aviv REIT Announces $94 Million Acquisition Aviv REIT, Inc. (NYSE:AVIV) announced it has acquired two assisted living facilities and one skilled nursing facility for $82 million, in addition to two parcels of land for $12.2 million.  With the parcels of land, Aviv has gained the entitlements for construction of two new assisted living facilities and… Read More »

Senior Housing M&A Activity Surges to All-Time High

The senior housing mergers and acquisitions market continues to bubble with activity across all property types and reach new heights annually and quarterly, according to the latest report from Irving Levin Associates, Inc. The second quarter of 2014 saw 60 publicly announced senior care M&A transactions, the highest volume ever recorded for the period, up… Read More »

Most Popular News of the Week: Assisted Living Leads Senior Living Inventory Market

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Assisted Living Growth Rate Climbs to Highest Peak Yet — Assisted living’s inventory growth rate reached its highest level since 2007 in the second quarter, according to the latest data released by the National Investment Center for Seniors Housing &… Read More »