The National Investment Center for the Seniors Housing & Care Industry (NIC) recently announced its key note speakers & break-out sessions for its upcoming investment-focused conference for owners, operators, investors, association leaders, and government representatives who have specific interest in the skilled nursing sector. The National Skilled Nursing Investment Forum, "Moving from Yesterday to Tomorrow: [...]

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Sun Healthcare Group, Inc.’s (NASDAQ GS: SUNH) released an investor presentation earlier at the JPMorgan Healthcare Conference this week outlining the company’s operations and financial assumptions.  As of September 30, 2009 Sun Healthcare had 23,205 Licensed Beds in 25 States with 205 inpatient facilities with an 87.9% occupancy in its facilities excluding hospitals.  The presentation [...]

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CB Richard Ellis Senior Housing announced two recent transactions that include a $15 Million in Southern California and a $102 Million acquisition by Brookdale Senior Living Inc. (NYSE: BKD).  CBRE assisted in the purchase of Paragon Gardens Assisted Living and Memory Care for $15,250,000 by VinCal Senior Housing, a joint venture between Vintage Senior Housing [...]

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Investors Real Estate Trust ("IRET") (Nasdaq:IRET) (Nasdaq:IRETP) announced that it has completed its acquisition of two limited liability companies that own and operate a portfolio of five assisted living facilities in three communities in Wyoming. The five facilities, located in Casper (two facilities), Cheyenne (two facilities) and Laramie (one facility), Wyoming, have a total of [...]

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HCP, Inc. (NYSE:HCP) announced a series of impairment charges on Monday in an 8-K filing that includes a $48 million dollar charge associated with three direct financing leases and a $10 million participation in a senior construction loan associated with properties operated by Erickson Retirement Communities or certain of its affiliates.   The 8-K filing outlines [...]

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Regardless of what happens at the BCS match-up between Alabama and Texas, the alumni of the University of Alabama have something new to cheer about.  Last month the University of Alabama trustees approved buying Capstone Village, on the eastern edge of the campus, for $9.5 million — or about 20 cents on the dollar for [...]

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Capital Senior Living Corporation (the “Company”) (NYSE:CSU) announced this week that Midwest Portfolio Holdings, LP (“Midwest I”), a joint venture in which it holds an 11 percent partnership interest, has entered into an agreement to sell five senior living communities to Health Care REIT, Inc. (NYSE:HCN). Upon closing the transaction, the Company will lease the [...]

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MidCap Financial, LLC (“MidCap”), a provider of growth capital to the healthcare industry, announced the closings of two transactions during December 2009 totaling over $20 million dollars.  MidCap announced the closing of a $11,600,000 first mortgage loan to a subsidiary entity of Silverado Senior Living (“Silverado”) to acquire an assisted and skilled nursing care for [...]

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It’s that time of year for our version of top trends to look for in Senior Housing & Living in 2010.  With 2009 in the rear view mirror, our Senior Housing Trends in 2009 was view by over 5,000 people last year and was quoted by a number of students, researchers and politicians both nationally [...]

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Cornerstone Real Estate Funds recently announced together with its strategic alliance partner and sub-advisor Servant Healthcare Investments, that it has finalized its purchase of Sherburne Commons, a 60 unit senior living community located on the island of Nantucket, MA. Cornerstone/Servant was selected as the winning bidder to acquire the community after its prior owner filed [...]

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Presbyterian Senior Living (PSL) and Springwood Real Estate Services recently held a ground breaking ceremony for Westminster Place at Stewartstown.  Westminster Place at Stewartstown is a $16.2 million dollar, 96-apartment affordable housing community that will offer 71 one bedroom and 25 two bedroom apartments to seniors 55 and over.  The project was designed by Murphy [...]

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Ventas, Inc. (NYSE: VTR) announced last week that it closed on a commitment for $50 million of additional credit capacity under its Revolving Credit Facilities to mature in 2012. The additional commitment comes from a financial institution that will join Ventas’s bank group as a new lender.  Upon closing of the additional commitment, the Ventas’s [...]

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