Capital One Closes $19.5 Million Loan for Revera Health Systems Capital One Bank announced on Monday it had provided a three-year, $19.5 million secured term loan to Revera Health Systems, Inc., a long-term care and rehabilitation provider with multiple skilled nursing centers across the U.S. Proceeds of the loan were used to refinance existing senior… Read More »
MBK Senior Living Sells Two Properties to Brookdale for $56.1 MIllion Brookdale Senior Living recently purchased two Spokane, Washington properties from MBK Senior Living for $56.1 million. The properties, built between 1999 and 2003, include a combination of assisted living and memory care units, with an additional 20 independent units in one of the… Read More »
A Washington, D.C. nonprofit is helping to increase housing options for seniors living in rural America by funding several organizations who are planning a variety of projects across the country. The Housing Assistance Council (HAC) has selected 16 organizations from 15 states to receive $257,000 in grants for the development or preservation of 418 units… Read More »
Construction: Planned United Properties Proposes $10 Million Senior Co-Housing Project A proposal for a $10 million senior housing cooperative is generating buzz from the Anoka City Council, ABC Newspapers reports. United Properties expressed interest in establishing one of its Applewood Pointe developments on the corner of Second Avenue and Harrison Street in Anoka, Minnesota. The… Read More »
After snapping up several large ‘Class A’ senior living portfolios between 2011 and the present, real estate investment trusts (REITs), hungry to keep their margins healthy, are casting wider nets that may include off-market deals, other asset types, and new development. “The biggest challenge the REITs are currently facing is a shortage of quality properties… Read More »
Construction: Planned Senior Housing Group Plans Construction on Minn. Multi-Care Community Saint Therese, a Catholic-based senior care organization, plans to break ground on a new campus in Woodbury, Minn. this fall, the local Patch reports. The community, Bielenberg Gardens, will be located at the southwest corner of Radio Drive and Bailey Road in Woodbury, and… Read More »
For private equity investors interested in entering the senior housing space, it’s all about the operator, agreed a panel on tapping into private equity during NIC’s 2013 Regional Conference held March 5-7 in San Diego. While criteria in real estate often hinges on “location, location, location,” in senior housing, it’s more like “operator, operator, location,” said… Read More »
Construction: Planned New Skilled Nursing Facility Planned for Fargo Eventide Senior Living Communities will break ground early this summer on a skilled nursing facility in Fargo, North Dakota, reports the local WDAY TV. The facility will provide 90 private resident rooms for both long-term and short-term transitional care, and will be located at 32nd Avenue and… Read More »
Toll Brothers, Inc. (NYSE:TOL), a leading national builder of luxury homes, announced last Friday that it had contracted to acquire 387 lots at Anthem Ranch, an active adult community in the metro Denver, Colorado market. The lot acquisition represents Toll Brothers’ first expansion of its active adult brand to the Western U.S. since entering the… Read More »
Senior Care Tech Innovation Shines at TedMed 2013
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
Will Google’s Robo-Cars Drive Senior Independence?
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
“Digital Pills” Could Help Senior Care With More Than Just Meds
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
On the Record: Tana Gall, Partner & President of Leisure Care
Tana Gall, president of Seattle-based retirement community management company Leisure Care, made the leap into the senior living industry almost 19 years ago after being lured away from a job in advertising and marketing. Since then, she has used her extensive knowledge of her own company and the industry as a whole as she leads Leisure… Read More »
On the Record: Scott Brinker, EVP of Investments at Health Care REIT
One of 2012′s biggest senior living deals, the $845 million acquisition of Sunrise Senior Living by Health Care REIT, Inc. (NYSE:HCN) in a transaction that spun off the company’s management team and gave Sunrise investors $14.50 per share, was completed two weeks ago but continues to grow as joint venture interests are bought out. The… Read More »
On the Record: Alan Rosenbloom, President of The Alliance for Quality Nursing Home Care
The nursing home industry hasn’t exactly had the easiest of paths for the past fifteen or so years, especially after Congress’s Balanced Budget Act of 1997 attempted to restructure the Medicare reimbursement system and ended up cutting about $16 billion from the program, instead of the originally intended reduction of about $9-10 million. Alan G. Rosenbloom,… Read More »
