The CEO of Welltower Inc. (NYSE: HCN) had some fighting words this week about the spinoff plans of industry peers, adamantly saying he will never spin off Welltower’s skilled nursing portfolio as long as he is at the helm of the company. “We will not hand you a leaking, steaming bag of real estate and say, […]
Category: Finance & Development
Walker & Dunlop, a major financing firm for the senior housing industry, has a new distinction: the largest servicer for HUD multifamily and health care loans in the country. That’s following the purchase of servicing rights associated with a $3.8 billion portfolio from Oppenheimer Multifamily Housing & Healthcare Financing Inc. The transaction involves a purchase […]
HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]
HCP Inc.’s (NYSE: HCP) recently announced spinoff of its struggling skilled nursing assets into an independent, publicly-traded real estate investment trust (REIT) is going as planned to unleash HCP’s ‘real’ value, according to CEO Lauralee Martin. “We are on track with that [spinoff],” Martin said during a presentation at National Association of Real Estate Investment Trusts’ […]
An international real estate firm and its real estate investment trust (REIT) partner have unveiled their design plans for a New York City senior housing project, drawing attention to the growing need for assisted living and memory care communities in the country’s largest city. Real estate firm Hines and Welltower Inc. (NYSE: HCN), one of […]
Mainstreet Health Investments Inc. Completes Canadian Public Offering Carmel, Indiana-based Mainstreet, the largest developer of transitional care properties in the United States, announced that its affiliated publicly traded Canadian real estate company, Mainstreet Health Investments Inc. (TSXV: HLP.U), completed its offer and sale of 9.5 million common shares for $95 million in gross proceeds. “We are energized about […]
It’s starting to feel like summer at our Chicago headquarters, and we were eager to bring our readers the latest buzz from the industry this week. Everyone was interested in the latest news from the nation’s largest senior housing provider, including its upcoming plans for the year and a new wellness program for brain health. […]
NorthStar Realty Finance (NYSE: NRF), a real estate investment trust that is a major owner of senior housing real estate, will be merging with its current external manager, NorthStar Asset Management (NSAM), and private equity firm Colony Capital Inc. (NYSE: CLNY). The all-stock merger is expected to create a diversified global equity REIT with a […]
(Project rendering of Spring Cypress Assisted Living and Memory Care, a senior living community managed by Civitas Senior Living in Cypress, Texas — Photo courtesy of Civitas Senior Living) Construction: Planned Developers Plan Civitas Assisted Living and Memory Care Project for Cypress, Texas The National Realty Group and MedCore Partners will begin construction late May to deliver an 80-unit […]
(Shavano Park Senior Living, an assisted living and memory care community in San Antonio, Texas — Photo courtesy of Pi Architects) Construction: Planned O’Reilly Development, Arrow Senior Living Gain Approval for $30 Million Mo. Project Springfield, Mo.-based O’Reilly Development and St. Charles, Mo.-based Arrow Senior Living Management this week announced they have received the approved Certificate […]
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