Category: Finance

Senior Housing Finance Activity: Prudential Mortgage, Lancaster Pollard

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Prudential Mortgage Provides $11.7M Loan to Ore. ALF, SNF, Memory Care Community  Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU),  provided an $11.7 million loan to West Linn Care Center Holding Company,… Read More »

Acquisition Treadmill Presents Problems for Big 3 REITs

The growth of the Big Three health care REITs is clear, as they have flooded the senior housing space with a slew of recent deals. But this continued rapid growth highlights risks that may force REITs to change their investment strategies, Fitch Ratings suggests. Recently, the REITs have shuffled the industry with billion-dollar transactions focused… Read More »

After $3.8 Billion in Deals, Ventas Targets Senior Housing Redevelopment

Following $3.8 billion of acquisitions under agreement in the last few months, Ventas, Inc. (NYSE: VTR) is ramping up its redevelopment activity with hundreds of millions in projects currently under construction. The Chicago-based real estate investment trust (REIT) has been increasing the pace of its redevelopment efforts over the past few quarters. In the second… Read More »

Senior Housing Finance Activity: Cambridge, Lancaster Pollard, Northmarq

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Cambridge Arranges $6.5M HUD Lean Loan for Ill. ALF Cambridge Realty Capital Companies arranged a $6,560,000 HUD Lean loan to refinance Morris Senior Living, a 76-bed assisted living facility located in Morris, Ill.   The fully-amortized, 35-year loan was… Read More »

Post-Merger, Brookdale Sees Potential in Home Health, Entrance Fees

As the now-largest senior living provider in the nation, Brookdale Senior Living Inc. (NYSE:BKD) is looking at future opportunities across its growing business.  With growing ancillary business units and record move-ins over the last three months, Brookdale saw positive performance during the second quarter of this year. But looking toward the future of the senior… Read More »

Home Health Care Reduces Skilled Nursing Stays, Medicare Cost

Home-based primary care (HBPC) contributes to fewer skilled nursing facility (SNF) stays and reduces Medicare costs for ill seniors, a new report finds. A HBPC model led to 27% fewer SNF stays and 17% lower total Medicare costs over two years based on the study’s elderly participants, according to the report “Effects of Home- Based Primary Care on… Read More »

Health Care REITs: Large Portfolio Deals Still Out There

Senior living operators looking to take advantage of low interest rates and ample capital in the sector by selling certain properties or portfolios are creating opportunities for larger investors, particularly publicly-traded real estate investment trusts (REITs), which say those large portfolio deals are still out there, as scarce as they have become. During a few… Read More »

Minnesota Ranks Best State for Health ROI

As reforms in Medicaid and Medicare reforms sweep the nation, data show some states do better than others when it comes to health-related return on investments (ROIs). When considering death rates, American’s Health Rankings and average individual health insurance premiums, Minnesota stands out above other states as having the best overall health-related ROI, according to a recent study… Read More »

Senior Housing Finance Activity: Ziegler, Capital One, Oak Grove

Here’s a roundup of some of the most recent financing transactions in senior housing and care. Berkadia Secures Over $156M in Financing for Capital Senior Living Berkadia Commercial Mortgage LLC (Berkadia) worked with Capital Senior Living Corporation to arrange $156.6 million in financing for a portfolio of 15 seniors housing properties located across seven different… Read More »

Indiana CCRC Leans on New Fee Model After Chapter 11 Bankruptcy Filing

An Indiana continuing care retirement community (CCRC) with $14 million of outstanding debt is leaning on Chapter 11 bankruptcy protection as well as a new fee model for independent living residents to help meet the community’s financial obligations. River Terrace Estates, a CCRC located in Bluffton, Ind., on Tuesday filed for Ch. 11 in the… Read More »

Capital Raise Launches $100 Million for China CCRC

A Hong Kong-based investor and a global capital raising firm have accumulated U.S. $100 million via insurance-based bonds for the development of a Chinese continuing care retirement community (CCRC). Assisted by Hong Kong’s First Equity Finance Company and IFA Capital, Chinese development company Jiangsu Suja Group Ltd. will raise the $100 million to construct a CCRC… Read More »