Welltower Secures $3 Billion Revolving Credit Facility Welltower Inc. (NYSE: WELL) recently entered into a credit agreement that consists of a $3 billion unsecured revolving credit facility, a $500 million unsecured term credit facility and a CAD 250 million unsecured term credit facility. The Toledo, Ohio-based health care real estate investment trust (REIT) reached the […]
Category: Finance & Development
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Kiawah, Big Rock Partners Planning South Carolina Senior Living Project Developer Kiawah Partners has […]
Darren McGrady, formerly the personal chef to Princess Diana, is bringing his talents to senior living for the first time, through an exclusive partnership with Koelsch Communities. Koelsch was founded in 1958 with a single nursing home in Kelso, the town in southwestern Washington where the business is still based. The company made a name […]
Grandbridge Arranges $248 Million Senior Housing Credit Facility The Seniors Housing and Healthcare Finance Group at Charlotte, North Carolina-based Grandbridge Real Estate Capital recently arranged the closing of a $247,629,500, 11-community senior housing credit facility. The loan was originated by Senior Vice President Richard Thomas and the Seniors Housing and Healthcare Finance Group, and funding […]
Two Minneapolis-based companies are pushing forward with a plan to open amenity-rich senior living communities in the Midwest, the Southeast and now, Texas. There is an ongoing debate regarding whether senior housing is primarily a hospitality or a health care industry. For Grand Living, hospitality is the focus—a decision that led to an exclusive partnership with […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Wolff Plans Independent Living Apartments in Arizona Private equity firm and developer The Wolff Company […]
Developers looking for their next senior housing site may want to consider out-of-the-box retirement destinations, as these may actually be the most desirable to American retirees. Consumer financial services company Bankrate, Inc. recently published a list ranking the best states for retirees. To arrive at its conclusions, the firm considered factors that may be especially […]
A new senior housing owner and operator is nearly ready to make its debut. London-based Quadrum Global, which spun off from alternative investment house Cube Capital Group in 2013, is expected to open its first-ever senior housing community in Fort Myers, Florida, by the end of the year. Until now, the real estate development and […]
There’s already demand for Mather LifeWays’ newest high-rise project—and it will prominently feature smart-home technology. “We’ve already received three priority deposits—and the first depositor desires two units on the top floor of the first tower,” Mather LifeWays President and CEO Mary Leary told Senior Housing News of the planned $460 million life plan community opening in […]
One of Brookdale Senior Living’s (NYSE: BKD) most vocal shareholders is again pushing the senior living operator to realize more upside from its valuable real estate. Stamford, Connecticut-based Land and Buildings Investment Management LLC wrote in an open letter to shareholders that Brookdale’s real estate is potentially worth double its current share price, and lamented that the […]
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