Trilogy Health Services Refinances SNF and Senior Health Portfolio For $158.4 Million Trilogy Health Services refinanced a portfolio of 10 senior health campuses in Indiana, which offer independent living, assisted living, memory care, rehabilitation and skilled nursing options. The loan, totaling $158.4 million, puts in place a permanent debt structure with a low interest rate, and pays […]
Category: Finance & Development
Construction: Planned Smith/Packett Planning $15 Million Community in Virginia Smith/Packett has plans to build a $15 million assisted living community in Roanoke, Virginia. The community, Pheasant Ridge Assisted Living, will open with 90 units, an on-site chef, round-the-clock concierge service and a variety of recreational activities, reports TV news station WDBJ7. Senior Housing Planned in South Carolina CR […]
It’s no secret that many senior living providers are having trouble attracting “middle market” residents, or people who make enough to support themselves in their own homes but can’t afford a typical community’s monthly fees. But those people may find some relief in a different type of senior housing designed to cost a little less than […]
Senior housing isn’t the only business where success can be tied to the number of older adults within a particular market. In some ways, the success of the medical office industry also depends on the same thing. Older adults, after all, are more likely to need health care services than their younger counterparts. For this […]
Construction: Planned MGL Partners and Solvera Advisors to Turn Historic Denver Building into Senior Housing MGL Partners and Solvera Advisors recently purchased the historic Tammen Hall building in Denver with the intention of turning it into affordable independent senior housing. The repurposed Tammen Hall is scheduled for completion in early 2019. When it opens, it will […]
Minnesota Senior Living Provider Acquires Local Facilities Through USDA Loans Heartland Senior Living, a Minnesota non-profit senior living provider, will acquire three southern Minnesota communities from current owner Eldercare of Minnesota, with the sale expected to close in the fourth quarter of 2017, according to a report from the Albert Lea Tribune. The three Minnesota […]
KeyBank Arranges Loans for Affordable Seniors Housing Projects Cleveland-based KeyBank Real Estate Capital (NYSE: KEY) has arranged a $23.8 million Fannie Mae loan for Harmony Housing, a 501(c)(3) non-profit organization based Douglassville, Georgia. KeyBank’s John Gilmore, IV, and Jeff Rodham arranged the financing. The funds will be used to acquire three affordable and senior housing […]
Construction: Planned Drever Capital Management to Open Senior Housing Near San Antonio Drever Capital Management has announced plans for an active senior living community, Larkspur at Gateway, which is to be located in Live Oak, Texas. The development will include a 64-unit memory care community and an intergenerational adult and child daycare center that will offer […]
The rest of this year may prove busy for senior housing dealmakers, according to newly released survey results from the fourth annual National Real Estate Investor (NREI)/National Investment Center for Seniors Housing & Care (NIC) Seniors Housing Market Study. For the survey, NREI polled 153 commercial real estate professionals this past July about senior housing. From […]
Senior housing occupancy should start ticking up over the next 12 months, many commercial real estate (CRE) professionals believe. The fourth annual Seniors Housing Market Study from the National Real Estate Investor and the National Investment Center for Seniors Housing & Care (NIC) drew responses from 153 CRE pros. Among these respondents, 65% said that […]
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