Senior housing isn’t the only business where success can be tied to the number of older adults within a particular market. In some ways, the success of the medical office industry also depends on the same thing. Older adults, after all, are more likely to need health care services than their younger counterparts. For this […]
CBRE
CBRE Arranges $6.8 Million Sale of California Seniors Housing Community CBRE, a large commercial real estate and investment firm, brokered the sale of Williams Senior Apartments, a 28-unit age-restricted senior housing community in Brea, California. Restoration Enhancement acquired the property from a private seller for $6.8 million. Chevalier International Holdings, Ltd. Acquires Two Detroit-Area Senior Living […]
Walker & Dunlop Arranges $20 Million and $6.9 Million Loans for Senior Housing Projects in Florida, Wisconsin Bethesda, Maryland-based commercial real estate services and finance company Walker & Dunlop (NYSE: WD) recently arranged a $6.9 million loan for William Booth Towers, a 15-story, 168-unit Section 8 apartment community in Orlando, Florida, that’s restricted to residents 62 years old […]
Global private equity firms have been having a field day lately, making big investments in senior housing in the United States and other nations. Both China-based Cindat Capital Management and New York-based Blackstone Group (NYSE: BX), for instance, have placed bids for a 50% stake in the senior housing business of Sydney, Australia-based LendLease Group, Bloomberg […]
Following several blockbuster transactions in recent years, senior housing deal volume has begun to decelerate—and buyers are finally wisening up to the ideal sizes their companies aspire to. Specifically, various headwinds have caused assisted living deal volume to slow in recent months, but current valuations remain “really strong,” according to experts who spoke at the […]
The Asbury Group Names Michael Hollen As President Germantown, Maryland-based Asbury Communities, Inc. named Michael Hollen as president of The Asbury Group, a management, consulting and IT solutions company specializing in senior living and long-term care, on June 1. Hollen previously worked as Sodexo Seniors’ vice president of operations, and recently joined The Asbury Group as […]
Investors’ senior housing portfolios are likely to grow in size this year, despite rising interest rates and widespread overbuilding concerns. In fact, 59% of U.S. senior housing investors anticipate increasing the size of their portfolios in 2017, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey, released today by the commercial real estate […]
Former Caring.com VP Accepts Position at Home Care Assistance Katie Roper, vice president of sales and marketing at Caring.com, has left the company and accepted a new role at Home Care Assistance. At the company, Roper will be the vice president of healthcare strategy and partnerships. In the role, she will develop national partnerships that leverage Home […]
Health care real estate investors have expressed interest in acquiring assisted living communities and skilled nursing facilities this year—but not nearly as much interest as they have in acquiring medical office buildings. That’s according to the U.S. Healthcare Capital Markets 2017 Investor & Developer Survey, recently published by commercial real estate services and investment firm CBRE Group, […]
CBRE Arranges Financing for Senior Living Community in California CBRE National Senior Housing Vice Chairman Aron Will recently arranged financing on behalf of an institutional sponsor for Peninsula Del Rey, a 207-unit, independent living, assisted living and age-restricted community in Daly City, California. CBRE helped secure a sizable, four-year floating rate loan from a regional […]