CNL Healthcare Properties II, a non-traded real estate investment trust (REIT), has entered into its first senior housing acquisition agreement since the U.S. Securities and Exchange Commission (SEC) declared its initial public offering of up to $2 billion effective last spring. The platform, as it turns out, will be senior housing-heavy, according to executives. Approximately […]
Good morning! Hopefully, you’ve emerged from your weekend refreshed and rejuvenated. Here in Chicago, we’re looking forward to celebrating Paczki Day on Tuesday—but before we do, here’s a recap of what we covered last week: Jimmy Buffett, of “Cheeseburger in Paradise” and “Margaritaville” fame, has forayed into the senior housing space with Latitude Margaritaville, a to-be-built […]
Cornerstone Affiliates—the parent company of provider and management companies be.group, American Baptist Homes of the West (ABHOW), Beacon Communities, Inc. and Seniority, Inc.—needed a change. For one thing, the organization no longer wanted to present itself to the world as a set of disparate, unrelated companies, President and CEO John Cochrane told Senior Housing News. Instead, once and for […]
Despite seeing pressure on occupancy, Welltower (NYSE: HCN) isn’t preoccupied with the idea of senior housing oversupply. In fact, leadership at the Toledo, Ohio-based health care real estate investment trust (REIT) feels confident in the company’s current position—especially when it’s compared to that of other senior housing organizations. “Yes, headlines of senior housing oversupply and the continuing […]
Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]
It’s time to set the record straight: “55-plus senior living communities” are a myth. These so-called “independent living communities” are advertised as appealing to a younger demographic of seniors, with lively, fit 60-year-olds often seen playing sports and socializing in their marketing materials. Yes, these communities exist, and yes, their residents are over 55—but, in most […]
If the first three months are any indication, 2017 will be a busy year for senior housing deals. In terms of deal flow, this year has started off with a “bang” and has been as competitive as a game of musical chairs, National Health Investors, Inc. (NYSE: NHI) President and CEO Eric Mendelsohn said during the company’s fourth-quarter 2016 […]
Good morning! We’re back from a three-day weekend relaxed, refreshed, and ready to see what this week has in store. Before this week gets too busy, here’s a recap of what happened last week: On Wednesday, an analyst floated the idea of a potential merger between Brookdale Senior Living (NYSE: BKD) and Holiday Retirement—but then […]
Turns out, senior living providers aren’t the best listeners—and this doesn’t bode well for their future success. Starting now, senior living providers must prioritize actually listening to consumers, as opposed to simply dictating their needs. That’s according to Dana Wollschlager, practice leader at Plante Moran Living Forward, who discussed this issue during a PointClickCare webinar on Feb. […]
Right now, New Jersey is the most expensive state for assisted living — a one-bedroom apartment in the Garden State costs residents, on average, $6,587 per month. But that’s nothing compared to what that same apartment will cost in 2056, when the population of Americans over 65 will have doubled, according to a new analysis by Lincoln […]
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