Transactions & Financings: Brookdale Closes $250M Credit Facility; Lancaster Pollard’s $58M Deal Volume

Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]

4 Trends Driving Senior Housing Design in the U.S. and Abroad

As U.S.-style senior living gains traction overseas, international designs are reflecting some of the same trends that are hot in domestic markets. But like snowflakes, no two markets are alike, D2 Architecture President David Dillard told Senior Housing News. “‘International’ is too broad a term,” he said. Senior housing professionals expanding beyond the U.S. must […]

How Columbia Pacific Is Creating a Scalable Senior Living Model in India

Columbia Pacific Group is making headway on its efforts to bring senior living to the massive Indian market. The private investment firm — co-founded by U.S. senior living pioneer Dan Baty — is now constructing its first community in India and has assembled an experienced operational team, with intentions to have 5,000 units under management […]

Berkadia Bullish on Senior Housing After Its $1 Billion Day

One of the largest and priciest senior housing deals of the year has been Columbia Pacific Advisors’ acquisition of 79 Hawthorn Retirement Group properties, announced in June. That transaction also contributed to a banner day for Berkadia on Sept. 7, when the firm’s Seniors Housing and Healthcare Group closed more than $1 billion in financings. The […]

Movers & Shakers: Columbia Pacific’s New Fund Manager

The Goodman Group Announces More Leadership Appointments After last week announcing the appointment of Craig Edinger as CEO, The Goodman Group revealed two more leadership moves: the promotion of Matthew Kern to national director of operations, and Shane Goodman to chief investment officer and president of JBG Design & Development. In his new role, Kern […]

Emeritus-Backed Senior Living Pipeline Opens Second China Project

Columbia Pacific’s China-based affiliate Cascade Healthcare—supported by a well-known U.S. operator—recently opened its second senior living community as part of a $100 million senior care pipeline in the works in China. Cascade, backed by the U.S.’s largest assisted living provider, Emeritus Corp. (NYSE:ESC), partnered with Chinese developer Sino-Ocean Land to develop a pipeline of senior […]

In the Pipeline: Senior Housing Construction Projects (8/21/13)

Construction: Planned St. Louis Developer Announces Plans for $6 Million Assisted Living  St. Louis-based developer ClearPath Senior Holdings, has announced plans to build a $6 million assisted living community in Maryville, Missouri, MaryvilleDailyForum reports.   The 46-unit community contains plans that call for the project to embrace 37,000-square-feet. The single-story building will feature studio, one-bedroom and two-bedroom units, […]