Category: International

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 »

Europeans Export Seniors Abroad in Search of Affordable Care

In search of high quality and more affordable care for their loved ones, Europeans have turned to exporting their seniors to nearby countries—particularly Poland, Bloomberg reports.  The “Grandma Export” trend has been a topic of concern in Germany, where some have denounced it as “gerontological colonialism” and “nations exporting their trash,” writes the Bloomberg article.… Read More »

U.S. Operator Shaping China’s Senior Care Industry With $100 Million Pipeline

Columbia Pacific’s China-based affiliate Cascade Healthcare is partnering with one of China’s largest real estate developers and has a more than $100 million pipeline of senior care facilities in the works, including one that will open this year. The partnership with Sino-Ocean Land, announced Tuesday, marks the first time a foreign senior living operator has… Read More »

U.S. Senior Living Model Could Use Some “Lessons from Abroad”

The U.S. may be a leader in the senior living community industry, but that doesn’t preclude it from taking some cues from other nations’ aging in place models as healthcare providers gear up for a global aging explosion. Worldwide, 1 million people are turning 60 each month. By 2050, the 60+ population will have more… Read More »

International Investor Acquires $124 Million U.S. Senior Housing Portfolio

Chevalier International Holdings Limited, an investment holding company based in Hong Kong, recently announced plans to acquire a U.S. portfolio of senior housing properties for $124 million (USD), according to ETnet.com.hk. The properties are located in North Carolina and have an aggregate 441,584 square feet.  “With the growing aged population and steady rise in healthcare expenditure… Read More »