Category: Finance

Movers & Shakers — People and Positions for September, Part III

Mainstreet Names 5 New Staff Members to Join Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of post-acute health care properties, has announced five new members will join its team. Michael Klingl has joined Mainstreet as a development director. Klingl most recently worked for GreenbergFarrow in Chicago, where he served as a senior development manager for more… Read More »

How One Senior Housing Community Cut Costs by 40% with Freddie Mac’s New Loan

A new loan from Freddie Mac provides affordable senior housing developers a cheaper alternative for financing new construction and renovation projects, with one company realizing cost savings of up to 40% through the new product. Launched at the end of last month, Freddie Mac’s Direct Purchase of Tax-Exempt Loans initiative aims to keep rental housing… Read More »

Senior Housing Leaders See ‘Tremendous’ Capital, More Deals Ahead

It’s no secret to senior living industry leaders that demand for senior housing is expected to grow as the population of older Americans is projected to double by 2050. And that growth is sparking increased activity in the market, with big bucks flowing in and more players looking to get in on a piece of… Read More »

Senior Housing Finance Activity: Grandbridge, Greystone

Grandbridge Real Estate Capital Closes $12.2M Mortgage Loan for Ore. Memory Care Facility The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital recently closed a $12,250,000 first mortgage loan secured by Quail Park Memory Care in Eugene, Ore. Funding for the refinance was provided by BB&T Real Estate Funding, Grandbridge’s balance… Read More »

The ‘A’ List: How Senior Living is Keeping Credit Ratings High

Continuing care retirement communities (CCRCs) face a challenging market. They are susceptible to economic fluctuations that can tank their occupancy levels, and they cater to an aging population that’s living longer and increasingly wants to age in place at home. But there’s one thing that does work in their favor: a good credit rating —… Read More »

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 »