Executives at not-for-profit senior living companies are largely optimistic about the economy and are pursuing expansion plans, positioning for growth as they face increased competition from for-profit peers and other threats. Compared with last year, 41% of nonprofit executives are more optimistic about the current economic outlook, according to survey findings from Irving, Texas-based Greystone Communities and […]
Category: Finance & Development
After a bumpy start to 2016 marked a drop in senior housing transactions, some cited high deal prices that sidelined major players. But the pendulum may now swing, as peak pricing may have already come and gone, according to Beth Mace, chief economist and director of capital markets research National Investment Center for Seniors Housing & […]
(Tribute at Heritage Village — A senior living community in the Washington, D.C. metro area developed and operated by Atlanta-based Thrive Senior Living) Construction: Planned Civitas Senior Living Plans Summer Construction for Texas Community Officials with Fort Worth, Texas-based Civitas Senior Living and Summerlin Asset Management announced last week that construction will begin this summer […]
Mainstreet Health Investments to Seek $95 Million in Canadian Share Offering Toronto-based Mainstreet Health Investments Inc. is planning to raise $95 million by listing on the Toronto Stock Exchange and selling shares in Canada. Mainstreet Health Investments, which owns 11 seniors housing and care properties in Illinois, is controlled by Carmel, Indiana-based real estate developer Mainstreet Property Group. […]
At the outset of the year, it appeared investors might find skilled nursing sexy again in 2016. One quarter in, skilled nursing is garnering a lot of attention, but some investors are attracted while others appear to be rejecting these assets as too risky. At least, that’s judging by questions asked and some heated discussions […]
The nation’s largest developer of transitional care properties has hired a high-profile constitutional lawyer to sue the state of Indiana over its skilled nursing and transitional care moratorium. Mainstreet Property Group, LLC has filed a lawsuit challenging the state of Indiana’s moratorium on new transitional care facilities, arguing that the moratorium violates both the Indiana and […]
(Rendering of a new Allegro Senior Living community under construction in Orlando, Fla. — photo courtesy of Allegro Senior Living, LLC) Construction: Planned National Church Residences to Break Ground Next Week for $35 Million Ohio Project National Church Residences, a not-for-profit senior housing provider, plans to break ground May 9 for Inniswood Village, a new senior living […]
Call it a Goldilocks problem. In the consolidating senior housing and care sector, providers are challenged to achieve the right scale—not too big, not too small, but just right. Integration problems have plagued Brookdale Senior Living (NYSE: BKD) since its mega-acquisition of Emeritus Corp. was finalized in 2014, leading some to pronounce that the company is too […]
Capital Funding Group Closes $6.8 Million Bridge-to-HUD and $19.8 Million HUD 232 Loan Capital Funding Group closed a $19.79 million HUD 232 new construction loan for Transitional Care of Arlington Heights in Arlington Heights, Illinois, as well as a $6.8 million bridge-to-HUD loan for Village Square Skilled Nursing Facility in San Marcos, California. Village Square Skilled […]
There’s no doubt about it—the role of chief financial officer in senior living has changed. Gone are the days when a CFO could get away with only understanding financial topics, according to industry professionals who attended a recent workshop. Now in its 18th year, the Ziegler LeadingAge CFO workshop has reached a conversation turning point among CFOs, […]
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