(Rendering of The Buckingham located in Houston, Texas — Photo courtesy of The Buckingham) Construction: Planned Presbyterian Homes Plans $49.5 Million Redevelopment Project GracePointe Crossing, a Presbyterian Homes & Services senior living community, is planning a redevelopment project in Cambridge, Minn. The first phase of the project is expected to being in the fall. The community […]
Ventas Inc. (NYSE: VTR), a real estate investment trust that is one of the premier owners of senior housing properties nationwide, is continuing to diversify by acquiring a portfolio of life science and medical real estate assets for $1.5 billion in cash. The portfolio includes nearly all the life science and medical real estate assets […]
(Photo of Sagewood’s Acacia Health Center located in Phoenix, Ariz. — Photo courtesy of Sagewood) Construction: Planned Stonecrest Community Planned, Town and Country, Mo. The official ground breaking in planned for next week in Town and Country, Mo. for Stonecrest, a premier assisted living and memory care community. Stonecrest is managed by Integral Senior Living […]
Real estate investment trust Senior Housing Properties Trust (NYSE: SNH) has executed a $112.4 million sale-leaseback with Five Star Quality Care (NYSE: FVE) for a portfolio of seven assisted living communities, the two companies announced Wednesday. SNH also has amended its agreements over management fees for communities in the REIT’s portfolio that are managed by […]
Capital One Closes $61 Million Term Loan and $12 Million Revolving Credit Facility to CommuniCare Family of Companies Capital One (NYSE: COF) acted as the sole lead arranger and administrative agent for a $61 million syndicated term loan and $12 million syndicated revolving credit facility to affiliates of CommuniCare Health Services. The loan and credit […]
Publicly traded real estate investment trusts (REITs) have sat largely on the dealmaking sidelines these past few quarters, and that’s going to continue for some of these companies—but one prominent player that has recently grabbed headlines could be a notable exception. 2016 will be “a very modest year” in terms of acquisitions for Senior Housing Properties […]
Walker & Dunlop Closes Acquisition of $3.8 Billion Portfolio Walker & Dunlop, Inc. (NYSE: WD) completed the purchase of a $3.8 billion commercial mortgage servicing portfolio from a subsidiary of Oppenheimer Holdings Inc. (NYSE: OPY) for a final closing price of $44.6 million. The previously announced acquisition makes Walker & Dunlop, a major financing for […]
Markets around the world were reeling Friday on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts […]
This week on Senior Housing News, readers learned about the future of senior housing, which has a lot to do with adhering to the needs of middle-income seniors. They also learned how to arrange good deals on Class B senior housing properties, how senior living companies still rely on temp agencies to combat staffing woes, […]
In the first quarter of 2016, private equity buyers finally got their foot in the door—and then some—after a period of being largely shut out of deals. “This was the quarter of private equity,” CBRE National Senior Housing Executive Vice President Lisa Widmier told Senior Housing News. Private investment in senior housing has doubled since […]
