Category: Assisted Living

Health Care REIT Purchases 9-Property Benchmark Portfolio for $360 Million

Health Care REIT is purchasing a nine-property assisted living portfolio managed by Benchmark Senior Living from the current owner for $360 million, the Boston Globe first reported Thursday. The health care REIT is purchasing the properties—all located in New England—from a private real estate company, Boston-based Intercontinental Real Estate Read More »

Inspector General: Hospices Incentivized To Work In Assisted Living

Hospices that provide care in assisted living facilities (ALFs) have a greater monetary incentive to do so than those that don’t, a recent study from the Office of Inspector General (OIG) finds. Medicare payments for hospice care in ALFs more than doubled in five years, Read More »

Enlivant Inks $334 Million Financing for National Senior Living Portfolio

Chicago-based owner and operator Enlivant (formerly Assisted Living Concepts) this week closed a $334.4 million Fannie Mae credit facility from KeyBank Real Estate Capital for a national portfolio of senior living communities. The loan was secured by 54 assisted living properties across 12 states, including Read More »

Capital Duo Launches Senior Housing Investment Pipeline

Two investment partners based in Boston, Mass. and Austin, Texas, are teaming up to target a new pipeline of senior housing investments in the coming months and years.  Hawkeye Partners, LP, a real estate private equity firm, has committed $175 million to Blue Moon Capital Read More »

Caring.com Announces 2015’s Top-Rated Assisted Living Communities

Caring.com is recognizing more than 800 assisted living and memory care communities as part of the online senior care resource and review site’s fourth annual “Caring Stars” award program. “We were surprised by the number of winners this year,” Andy Cohen, cofounder and CEO of Caring.com, tells Read More »

Ex-Sunwest CEO to Change Plea in $130 Million Fraud Case

The former CEO of a Salem, Oregon senior housing owner, developer and management company is changing his plea today in a U.S. District Court, as he stands accused of defrauding more than 1,000 investors out of $130 million from an alleged Ponzi scheme that ran Read More »

LTC REIT Completes Re-Leasing of 20 Former Assisted Living Concepts Properties

 LTC Properties, Inc. (NYSE: LTC) has completed the re-leasing of 20 assisted living properties to Senior Lifestyle Corporation and Veritas InCare, LLC. Previously co-leased to Enlivant (formerly Assisted Living Concepts) and an affiliate of Canadian long-term care provider Extendicare, the completed re-leasing of the 20 Read More »

Former Assisted Living Concepts CEO Strikes Back Against SEC Charges

A month after the Securities and Exchange Commission brought charges against former Assisted Living Concepts CEO Laurie Bebo, the exec is fighting back with her own charges against government regulators. Bebo has filed a lawsuit against the SEC, saying the regulator is violating her right Read More »

LTC Completes 16-Property Sale to Enlivant for $26.5 Million

LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in senior housing and health care properties, announced Monday it has completed the sale of 16 assisted living properties to Enlivant (formerly known as Assisted Living Concepts) for $26.5 million. The properties — Read More »

A Place for Mom Helps Families Think Senior Living During the Holidays

Strategically timed in the midst with the holiday season, A Place for Mom (APFM) has launched a new educational resource to help families initiate the senior living conversation. The nation’s largest senior living referral source announced this week the availability of its Caregiver Toolkit, a 75-page Read More »