Financings Ziegler Closes $29M for California Community Ziegler announced the closing of $29 million in Series 2023 Bond Anticipation Notes for a planned California-based life plan community to be built by Kendal at Ventura, a non-profit organization. The community – which will be called Enso Verde – will be an entrance-fee life plan community located […]
CBRE
Fast-growing Sparrow Partners is expanding its middle-income active adult model across the U.S. — and looking ahead, the company has its eyes on markets on both coasts. The Austin, Texas-based active adult operator and developer has 10 operating communities and 17 others under development in Arizona, Florida, Nevada, Oklahoma and Texas, with 13 of those […]
Recent occupancy and absorption trends show that recovery is underway in the senior living industry. But not all operators and communities are seeing the same kind of gains. Some communities and property types have rebounded from pandemic lows faster than others, with variations in the same market or the same owner/operator portfolio. Given all of […]
Being selected for the American Seniors Housing Association (ASHA) Senior Living Hall of Fame prompted Belmont Village Co-Founder and CEO Patricia Will to reflect — not so much on all she has already accomplished in her career, but on what comes next. “It enabled me to reflect on the innovation that I want to continue […]
The lines between multifamily apartments and senior living are continuing to blur, as demonstrated by two stories that ran on Senior Housing News in the last week: The Canyons is a new community in Portland, Oregon, that is not age-restricted but is targeting a resident population that is 70% older adults and 30% younger renters […]
Senior housing capitalization rates have compressed amid a recovery from the effects of the Covid-19 pandemic, but an increasing number of industry stakeholders believe that elevated operating expenses are here to stay. That’s according to the recently released H1 2021 U.S. Seniors Housing & Care Investor Survey from CBRE. The findings also indicate that investors […]
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The pressures of the Covid-19 pandemic are pushing investors to become more interested in need-based product types, such as assisted living and memory care communities. At the same time, there is increased spread in Class A versus Class B acquisitions, illustrating “an investor flight to quality throughout the pandemic.” That’s according to the latest CBRE […]
Senior housing development costs are on the rise — and higher labor expenses and robust demand for new construction projects are at least partly to blame. That’s according to a new “2020 Seniors Housing Development Costs” report from commercial real estate services firm CBRE (NYSE: CBG). The report is based on the more than 2,000 […]
Berkshire Residential — a Boston-based real estate firm with over $8 billion of assets under management — has set its sights on senior housing. The company has already raised and started to deploy one dedicated senior housing fund, with further fundraising underway. And Berkshire earlier this year hired industry veteran Matthew Whitlock to lead its […]
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