Category: International

America’s Senior Care Gets Low Marks Versus Global Peers

When it comes to affording and receiving much-needed health care, older Americans are in worse shape compared to some of the world’s leading nations, according to the results from a new international survey. In the U.S., adults age 65 and older are sicker and more likely to struggle paying medical bills and getting the health… Read More »

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing

A popular tourist spot, beachfront real estate and a newly converted resort hotel adds up to what developers say will give luxury senior housing in the U.S. a run for its money south of the border. Those are the ingredients for Front Beach Retirement Mexico, a Mexican development company that sees opportunity in targeting American… Read More »

Private Equity Group Taps EB-5 to Fund $750 Million Assisted Living Pipeline

A California-based private equity firm is moving forward with plans to develop $750 million worth of new senior housing construction over the next three years, for which it’s enlisting foreign investors to help fund a portion of the pipeline. Over the next 36 months, PDC Capital Group, a firm based in Costa Mesa, Calif., will… Read More »

HCN, Sunrise Expand UK Partnership, Launch Development Pipeline

Health Care REIT (NYSE: HCN) announced Thursday has completed an 11-property senior housing portfolio acquisition in Southern England from Gracewell Healthcare for £153 million (USD$257 million) in cash. Separately, Sunrise Senior Living, in which HCN owns a 24% interest, has acquired Gracewell’s management company and will manage the portfolio. The companies are also partnering on… 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 »

Japanese Healthcare REIT Plans $975 Million of Senior Housing Investments

In efforts to address a lack of senior care facilities to accommodate growing demographic shifts, investors in Japan are forming the nation’s first healthcare-focused real estate investment trust (REIT), which plans to manage 100 billion yen (US$975.1 million) in senior living assets. Tokyo-based Kenedix, Inc., an independent real estate asset management company, is spearheading the… Read More »

Revera Completes Management Buyout of Sunrise Senior Living

Canadian senior living operator Revera Inc. is now officially the majority owner of Sunrise Senior Living’s (NYSE: SRZ) management company following the completion this week of a previously announced transaction. The completed transaction arrives two months after Health Care REIT (NYSE: HCN), which owned 20% interest in Sunrise’s management company, agreed to recapitalize its ownership… Read More »

Developer Takes Multi-Gen Approach to Senior Housing in China

China’s massive aging population and a new government policy are meshing well for one developer’s multi-general “mini-city” concept that looks to house 30,000 people of all ages, reports Quartz. M Health China plans to build a mult-gen mini-city in the southwestern city of Chongqing, featuring 30-story high rise complexes designed with the elderly in mind.… 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 »

Forbes: China, Investors See Huge Opportunity in Solving Senior Care Crisis

While the U.S. demand for senior housing is expected to surge in the coming years, it doesn’t hold a candle to the aging boom in China, a Forbes column writes.  Citing recent figures indicating there are about 10,000 people who are seeking senior care for every 12 beds that become available each year, Forbes points… Read More »

WSJ: Foreign Investors Betting on China’s Senior Housing Market

A number of global investors are joining local Chinese real estate developers as both look to bank on a senior housing boom sparked by the country’s massive elderly population, Wall Street Journal reports. Global property firms such as Merrill Gardens Related, a joint venture between real estate developer Related Cos. and senior housing operator Merrill… Read More »