Category: Finance and Development

ABHOW: Staying on Trend While Keeping Senior Living Affordable

Hillcrest Gardens Daly City, CA

High-end touches and amenities may be the ”future” of luxury senior living design. But declining state and federal funding for affordable seniors housing creates challenges for operators eager to keep pace with emerging design trends while serving a growing aging population in need of low-cost Read More »

Extendicare Closes $870 Million Sale of its U.S. Business to Formation

Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to Read More »

In the Pipeline: Senior Housing Construction Projects (7/2/15)

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Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 Read More »

National Hotline Expects Surge in Senior Living Inquiries

Housing is a major and growing concern for America’s aging population, and a federally funded help line for older adults already is fielding many calls about senior living options. In 2014, seniors nationwide made more than 271,200 requests for assistance from the Eldercare Locator, a referral service Read More »

Senior Housing Finance Activity: Lancaster Pollard, Walker & Dunlop

Lancaster Pollard Closes Over $136M Senior Housing Transactions in May  In May, Lancaster Pollard closed 21 seniors housing transactions totaling over $136 million. One of the transactions was a $23.5 million FHA Sec. 232 new construction loan for an assisted living/Alzheimer’s care facility in Virginia. Read More »

Inside Mainstreet’s Newest Next Generation Partnership

Main Lobby

Armed with a five-year, $5 billion development pipeline, it is clear that developer Mainstreet is betting big on its vision to transform the traditional post-acute skilled nursing facilities of days past. But this quest is not one the company is undertaking alone. The Carmel, Ind.-based Read More »

Brookdale, HCP Close $847 Million Chartwell Portfolio

Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have closed their previously announced portfolio acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residences for $847 million.  Brentwood, Tennessee-based Brookdale has operated the portfolio, which includes 5,025 units, since 2011 after its Read More »

Senior Housing Investments & Transactions: Mayo Clinic

Windward Health Partners’ Portfolio Company Sells Texas ALF  Tampa-based private investment and holding company Windward Health Partners recently announced that its portfolio company, RWS Healthcare, has sold The Arbor Assisted Living Facility in Nacogdoches, Texas. Prevarian Senior Living, a developer and operator of assisted living communities Read More »

Sunrise Gets Back Into Development: How Big Will It Go?

Construction

Sunrise Senior Living is once again building new properties from the ground up. After a period of inactivity, the company announced the opening of a community in the Bay Area last week, with others set to open in Ohio and Southern California in the coming Read More »

Interview: NHI CEO on Rising Rates, Hot Markets and 2015

With interest rates likely to rise and some major players shifting their approach to skilled nursing, health care real estate investment trusts are facing potential challenges and decision points. National Health Investors (NYSE: NHI) certainly is no exception. NHI has recently increased its involvement in Read More »