Category: Development

In the Pipeline: Senior Housing Construction Projects (8/21/14)

Construction: Planned Starling Senior Living to Break Ground on Third Fla. Project Jacksonville, Fla.-based Starling Senior Living is gearing up to break ground on its third senior living community in the state come January, the company told SHN in an email. In July, the company successfully rezoned a five-acre parcel located on Amelia Island, Fla.,… Read More »

Private Equity Group Taps EB-5 to Fund $750 Million Assisted Living Pipeline

A California-based private equity firm is moving forward with plans to develop $750 million worth of new senior housing construction over the next three years, for which it’s enlisting foreign investors to help fund a portion of the pipeline. Over the next 36 months, PDC Capital Group, a firm based in Costa Mesa, Calif., will… Read More »

In the Pipeline: Senior Housing Construction Projects (8/14/14)

Construction: Planned North Carolina CCRC Gets Initial Go-Ahead for $42 Million Expansion A continuing care retirement community (CCRC) in Winston-Salem, N.C. has received an initial approval from state regulators as it seeks to embark on a $42 million expansion of its existing campus, reports Triad Business Journal. Expansion plans call for the CCRC, Salemtowne, to… Read More »

[Update] HCN Inks $2.3 Billion Deal with HealthLease, Mainstreet

Editor’s note: An email regarding this news in error reported HCP was involved in the deal. The deal involves Health Care REIT, Mainstreet and HealthLease Properties. SHN regrets the error.  Health Care REIT, Inc. (NYSE: HCN) has agreed to acquire HealthLease Properties REIT (TSE: HLP.UN) in a deal valued at $950 million, and has entered… Read More »

Builder Confidence Improves for 55+ Housing Market

Builder confidence in the single-family, 55 and older housing market for the second quarter is up year over year, according to the latest National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) report of second quarter data. Compared to the second quarter of 2013, the single-family index increased three points to a level… Read More »

In the Pipeline: Senior Housing Construction Projects (8/7/14)

Construction: Planned Developer to Build $17MM, 124-Unit Affordable Senior Housing in Texas Miller-Valentine Group, a Dayton, Ohio-based real estate developer, plans to build a $17.7 million, 124-unit affordable senior housing community in Fort Worth, Texas, reports Fort Worth Business Press. The Reserve at McAlister community will sit on 7.5 acres and will include 22 rental… Read More »

Developer Takes Alternative Approach to $500 Million Senior Living Pipeline

A senior housing developer with already $200 million of new construction under development plans to kick that investment up a notch to the tune of $500 million worth of new projects in the pipeline. That is the plan for Chicago-based Bright Oaks Group, which currently has four assisted living and memory care projects in the… Read More »

Senior Housing Finance Activity: HHC Finance, Cambridge, Capital One

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Housing & Healthcare Finance Closes $19.4M HUD Loan for N.J. SNF Housing & Healthcare Finance (HHC Finance) closed a $19.4 million 232/223(f) HUD loan for a 189 bed skilled nursing facility (SNF) in Lincoln Park, N.J. The facility was… Read More »

In the Pipeline: Senior Housing Construction Projects (7/31/14)

Construction: Planned LCB Senior Living Gains Approval for 84-Unit Project in New Hampshire Norwood, Mass.-based operator and developer LCB Senior Living this week received Planning Board approval to construct its newest project, The Residences at Salem Woods. The 72,000 square-foot, 84-apartment building will include a mix of studio, one-bedroom and two-bedroom apartments, along with a… Read More »

Senior Living Providers Devise New Strategies to Tackle ACOs

In an ever-evolving healthcare landscape that demands higher care quality at lower costs, several senior living providers are engineering various strategies to establish themselves as partners in Accountable Care Organizations (ACOs). Diversified service offerings across the post-acute care continuum, or building near existing hospitals and health systems are just a few practices senior living providers… Read More »

Senior Housing Finance Activity: Ziegler, Capital One, Oak Grove

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Berkadia Secures Over $156M in Financing for Capital Senior Living Berkadia Commercial Mortgage LLC (Berkadia) worked with Capital Senior Living Corporation to arrange $156.6 million in financing for a portfolio of 15 seniors housing properties located across seven different… Read More »