A surge in seniors housing construction isn’t staving off investor demand for the product, according to exclusive research findings from a survey conducted by the National Real Estate Investor (NREI) and the National Investment Center for Seniors Housing & Care (NIC). Even so, concern around competition is high, as 62% of participants indicated new and competing […]
Within the next five years, the number of senior care facilities worldwide will grow steadily. The United States will be no exception, although the anticipated growth rate is slower than for the world at large. In fact, until at least 2021, the number of senior care facilities in emerging economies will grow at an annual rate […]
CBRE Closes Six-Building Senior Housing Portfolio Sale CBRE recently closed a six-building senior housing portfolio sale in Oklahoma City, Oklahoma, for an undisclosed price. The transaction was handled by CBRE’s Daniel Morris. The portfolio includes a total of 427 beds. The portfolio includes six communities located in Andarko, Crescent, Hennessey, Lindsay, Marlow and McAlester, Oklahoma. […]
Chicago Pacific Founders, the private equity group co-founded by former Brookdale Senior Living (NYSE: BKD) executive John Rijos, has closed its debut fund, which was oversubscribed at its $325 million hard cap. The group plans to deploy the capital on senior housing and other health care-related investments. Strategic industry investors and entrepreneurs, as well as […]
Senior Housing Properties Trust Announces $620 Million Mortgage Financing on Boston Seaport Buildings Real estate investment trust (REIT) Senior Housing Properties Trust (Nasdaq: SNH) announced that it has closed on a $620 million, 10-year, non-amortizing mortgage loan that matures in August 2026. The loan is secured by two Class A, 15 story life-science buildings, which […]
This week, we were eager to bring our readers a recap of Senior Housing News’ Summit event in Chicago. Our panels of experts discussed the changing face of technology in senior living and the need for middle-market products and services—an area largely ignored by the industry. Here in the newsroom, we were keeping it cool […]
(Rendering of Windsor Run, located in Matthews, N.C. — Photo courtesy of Erickson Living) Construction: Planned Senior Housing Community Planned, Minn. A new senior housing community is planned on 5.8 acres of land in North Napa, Minn. The Napa Senior Housing development will be 195,000 square feet and stand three stories tall. There will be […]
Come fall 2018, locals in Chicago’s Lincoln Park neighborhood may start doing double takes when passing Belmont Village Senior Living’s new community. That’s because the soon-to-be built, 160-bed Belmont Village Lincoln Park community will very closely resemble a historic building they have seen before. In fact, the exterior of the assisted living and memory care […]
HFF Closes Deals in Northeast and Miami Holiday Fenoglio Fowler, L.P. (HFF) has closed a $10.3 million sale of a 0.9-acre development site that will be developed into a high-rise seniors housing community. The site, which is located directly across from the Dadeland Mall in Miami’s Kendall neighborhood, was sold to Greystar, a fully integrated […]
CNL Healthcare Properties II Breaks Escrow Orlando, Florida-based CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and health care properties, has raised proceeds sufficient to break escrow in all states except Pennsylvania, Ohio, and Washington through its continuous public offering. CNL Healthcare Properties II has accepted subscription […]
