Walker & Dunlop Arranges $20 Million and $6.9 Million Loans for Senior Housing Projects in Florida, Wisconsin Bethesda, Maryland-based commercial real estate services and finance company Walker & Dunlop (NYSE: WD) recently arranged a $6.9 million loan for William Booth Towers, a 15-story, 168-unit Section 8 apartment community in Orlando, Florida, that’s restricted to residents 62 years old […]
New alleged details have emerged regarding Scott Brinker’s contentious departure from Welltower Inc. (NYSE: HCN) and potential future employment with HCP Inc. (NYSE: HCP). The situation involves, among other things, suspiciously timed emails, the unauthorized use of a personal iCloud account, and a “networking spree” that involved Brinker “zig-zagging across the country” with proprietary Welltower […]
The planned $7.4 billion merger of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP) has hit a few bumps in the road—none of which particularly worry CCP, however. Specifically, a proposed class action lawsuit has been brought against Chicago-based CCP in Delaware, alleging that the skilled nursing and health care real […]
Happy Monday, Senior Housing News readers! Last week was a short one—and, let’s face it, you probably didn’t spend your Fourth of July catching up on the latest news. Luckily, we’ve got you covered. Here’s all of last week’s must-read news you may have missed: A Place for Mom is being sold for an undisclosed […]
Many senior housing providers make major changes—whether to their business model or care strategies—in the hopes of improving their bottom lines or better complying with various industry regulations. Unfortunately, these major changes also tend to lead to something else: confused, disgruntled residents and family members. When Holiday Retirement decided last year to abandon its longtime […]
It’s the end of an era for A Place for Mom (APFM). The company’s previous investor, Warburg Pincus, is selling the senior living referral service for an undisclosed price to global growth equity firm General Atlantic and technology investment firm Silver Lake, both of which will own equal stakes in the Seattle-based company once the […]
Senior housing stakeholders have understandably been on high alert this year, as concerns around overbuilding seem to grow by the day. These concerns, however, may be overblown. In fact, capital is plentiful and can potentially offset any negative effects of overbuilding, according to the Spring 2017 Seniors Housing Market Report from Chicago-based global commercial real estate […]
Harrison Street Real Estate Capital just announced another billion-dollar fund, which will be used in part on senior housing investments. The Chicago-based private equity firm recently closed its sixth U.S. opportunistic real estate fund at $950 million in equity commitments, according to a press release. Additionally, the firm raised $205 million of equity capital in co-investment […]
Big changes are afoot at the National Investment Center for Seniors Housing & Care (NIC)—leadership-related and otherwise. Longtime NIC CEO Robert G. Kramer (pictured above) is stepping down from his leadership position on July 17, at which time he will transition into the title of founder and strategic advisor. Brian Jurutka, NIC’s current president, will […]
The 21st Century Senior Living Community is a series brought to you by CDW, a provider of technology solutions and services focused exclusively on serving the healthcare marketplace. The series takes a clear-eyed look at how leading providers and their partners are creating the next generation of senior living communities by raising the bar on […]
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