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 […]
Category: Finance & Development
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 […]
Hunt Mortgage Group Finances 19-Property Multifamily Portfolio in California New York City-based Hunt Mortgage Group, which finances commercial real estate across the United States, closed on a complex multifamily portfolio deal, placing 19 individual Freddie Mac Small Balance loans on 19 properties located throughout the Los Angeles area. The Hunt Mortgage Group investment is $31.6 […]
Senior housing companies may soon have a number of new financing options through the popular Section 232 program, thanks to a proposal recently released by the Department of Housing and Urban Development (HUD). In the days since HUD first released its new draft Handbook containing the proposed changes, capital providers have been taking a closer […]
The connection between housing and health care will be paramount to solving problems associated with the impending aging crisis, especially when it comes to the future of affordable senior housing, according to a report issued this month by the Bipartisan Policy Center’s Senior Health and Housing Task Force. In the report, titled “Healthy Aging Begins […]
A real estate investment business deeply involved in the student housing and multifamily sectors is staking a bigger claim in senior living through a new joint venture to develop 14 communities. CA Senior, LLC (CAS), the senior housing platform of Chicago-based real estate investing and holding company CA Ventures, has entered into a joint venture […]
(Project rendering of Nakoma Sky, a 79-acre desert resort senior living community in Oro Valley, Ariz. — Photo courtesy of three: living architecture) Construction: Planned three: living architecture Designs 79-Acre Senior Living Campus La Posada, a non-profit owner and operator of senior living properties, has engaged Dallas-based firm three: living architecture to design a concept for […]
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