Category: Finance

Senior Housing Investments & Acquisitions: Mainstreet, LCS, BMA Management

BMA Management Tapped to Operate 2 New Ill. Communities BMA Management has been picked to operate two senior living communities currently being developed in Illinois. Both will serve low-income seniors through the state’s Supportive Living Facility program. Goldblatts Senior Living Community is being developed in the historic Goldblatts Department Store building in Chicago’s Back of… Read More »

Senior Housing Finance Activity: Berkadia, RED Capital, HHC Finance

Berkadia Secures $44 Million for N.Y. Skilled Nursing Facilities Berkadia Commercial Mortgage LLC recently arranged $43.9 million of financing for two skilled nursing facilities located in Nassau County and Dutchess County, N.Y. Vice President Jay Healy of Berkadia’s Seniors Housing and Healthcare group worked with the owner of both properties to secure the fixed-rate financing.… Read More »

Oakmont Senior Living Targets Calif. Expansion with 9 New Resort Properties

A California senior living resort developer and management company is betting big on expanding within the state, with nearly 10 projects under way or coming on line within a year’s time. Oakmont Senior Living has announced the construction of what will be its eighth and ninth communities in Northern California, for a total of 13… Read More »

Omega Communities Plans $200M Mega-Church Model Pipeline

A relative newcomer to the senior housing space is making headway with nearly 10 projects in its mega church-model pipeline thanks to assembling a team of senior housing industry mainstays. Omega Communities, LLC was founded by Pat Trammell, Jr., the chairman and CEO, around three years ago. The concept for each senior living community project includes… Read More »

From Offer to Closing Table: How to Finance Your Non-Profit Acquisition

When a for-profit seniors housing owner/operator decides to acquire a nonprofit senior living facility, how does it successfully get from the offer to the closing table? Sign up to learn how. Brought to you by Lancaster Pollard and Senior Housing News, this FREE webinar, How to Successfully Finance the Acquisition of a Nonprofit Community will provide… Read More »

CBRE, Greystone Top Age-Restricted Senior Housing Lender Ranking for 2013

CBRE, Greystone Top Age-Restricted Senior Housing Lender Ranking for 2013

As the number of seniors housing finance players continued to expand over the course of 2013, and more liquidity came into the market, several lenders posted big originations numbers both in terms of origination counts and dollar volume of lending facilitated. Topping the list for last year’s originations for senior housing specified as age restricted… Read More »

Reports: HCP to Back Purchase of $900 Million UK Senior Living Portfolio

After recent speculation HCP, Inc. (NYSE:HCP) would be a target for acquisition due to inactivity, reports indicated the REIT is ready and waiting to close in on a new deal—a big one.  According to a United Kingdom report this week by HealthInvestor, HCP is getting ready to back Formation Capital’s acquisition of HC-One, a care home… Read More »

Senior Housing Finance Activity: Ziegler Closes $73M for New CCRC

Ziegler Closes $73 Million Financing for Ill. CCRC Development Ziegler recently closed issuance on $73,465,000 of Series 2014 tax-exempt, fixed-rate bond financing for the development of MRC The Crossings in League City, Texas, sponsored by Methodist Retirement Communities, a not-for-profit corporation. In December of 2012, MRC purchased approximately 19 acres and began funding the pre-development… Read More »

Ziegler: Bank Credit Options Evolving for Senior Living Finance

Ziegler: Bank Credit Options Evolving for Senior Living Finance

Bank credit options are proliferating for senior living borrowers in the post-2009 era, writes specialty investment bank Ziegler after seeing a substantial increase in lending last year for its clients.  Ziegler obtained around $823 million of bank credit for 30 borrowers in 2013, an increase from the previous two years. Much of the growth came… Read More »

10 Questions For: T. Brian Pollard, Lancaster Pollard

10 Questions For: T. Brian Pollard, Lancaster Pollard

From delivering papers in deep snow at the age of seven to navigating the landscape for senior living today, Lancaster Pollard co-founder T. Brian Pollard is no stranger to adapting to changing conditions. Since its founding in 1988, Lancaster Pollard has grown to encompass an umbrella of companies specializing in senior housing finance: Lancaster Pollard… Read More »

Senior Housing Investments & Acquisitions: Ensign Group, Sabra, American Realty Capital

Ensign Group Acquires Ariz. Senior Care Center for $9M The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced recently the acquisition of the Horizon Post-Acute and Rehabilitation Center, a 196-bed skilled nursing facility in… Read More »