Investors are worried that deep cuts in Medicare spending will take a toll on skilled nursing operators and stifle skilled nursing facilities’ rent payments, a MarketWatch article published this week states. However, some analysts say that investor response, which can be seen in sharply fallen stocks, is a strong overreaction. “Even in an era of increased austerity, [...]
Harrison Street Real Estate Capital announced the acquisition of an eight property senior housing portfolio on behalf of Harrison Street Real Estate Partners III, LP (“Fund III”) for $125 million. Referred to as the E-Quest Portfolio, it includes seven assets in and around Houston, TX, and one in Oklahoma City, OK. In the aggregate, the properties [...]
Non-profit seniors and disabled housing providers will finally receive $750 million in grants from the Department of Housing and Urban Development that were allocated for 2011 and 2010, the department announced Wednesday. The announcement comes just two months following the decision by Congress to slash funding for the program from the U.S. 2012 budget, leaving [...]
In the past few years, the U.S. Department of Housing and Urban Development has taken a major role in the healthcare financing arena, as private capital became scarce while the need for seniors housing and care financing increased, and the top three lenders dominated HUD’s financing portfolio. Capital Funding, LLC funded the most loans at 85, [...]
Benchmark Senior Living announced on Tuesday that it has completed a transaction to acquire Edgehill Continuing Care Retirement Community (CCRC) from Stamford Health System for $71.5 million. Edgehill, located in Stamford, Conn., is Wellesley, Mass.-based Benchmark’s sixteenth Connecticut location. “We’re working closely with Benchmark to ensure this transition goes as smoothly as possible,” said Kathleen [...]
Love Funding arranged a record $737.2 million of Federal Housing Administration loans in fiscal year 2011, it announced on Tuesday, making it the agency’s third-ranked multifamily and healthcare lender in terms of volume. Data released by the Department of Housing and Urban Development (HUD) showed a total of 67 multifamily and healthcare business transactions that [...]
Seniors today are looking for high-tech offerings in their residences, and builders and developers need to take note. From wireless availability to health monitoring systems, technology is one of the key trends in the senior housing industry, both now and in the future. “What we’re seeing, especially in assisted living, is that seniors are beginning [...]
The Community Living Assistance Services and Supports Program, known as the CLASS Act, is down after being suspended last month, and now the GOP is kicking it by trying to permanently get rid of the program. On Tuesday, Nov. 15, the House Energy and Commerce Subcommittee on Health approved H.R. 1173, the Fiscal Responsibility and [...]
Builder confidence has gone down in the 55+ housing market for single-family homes, falling three points to 12 compared to the same period last year, according to the lastest National Association of Home Builders’ (NAHB) 55+ Housing Market Index. “The current state of the economy continues to affect buyers in the 55+ housing market,” said [...]
