The senior living industry is in a tough spot and will be for the immediate future, facing challenges that could impede longer-term success unless more innovation flourishes across the sector. This is one of my main takeaways from last week’s National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C. The good […]
Kayne Anderson Real Estate Advisors
Kayne Anderson Capital Advisors has closed its fourth flagship debt fund, with $1.875 billion in capital commitments. The fund, Kayne Anderson Real Estate Debt IV (KARED IV), is the company’s largest debt fund to date. It’s aimed at proprietary investment opportunities in a variety of real estate asset classes, including senior living. The fund will […]
Kayne Anderson Capital Advisers closed the largest fund in its history with plans to target senior housing along with medical office and student housing in its overall strategy. The opportunistic equity fund closed at $2.75 billion in capital investments, surpassing the $2 billion target set by the firm and the $2.5 billion estimates previously reported […]
One of the highest-profile adaptive reuse senior housing developments is on pace for a spring 2020 opening, and the companies involved have started to showcase what they are bringing to market. The Watermark at Brooklyn Heights is transforming the landmark 16-story Leverich Towers Hotel in Brooklyn into 275 units — 204 assisted living, 42 memory […]
JLL advises Welltower on $1.8B Benchmark portfolio sale JLL (NYSE: JLL) represented Welltower (NYSE: WELL) in the Toledo, Ohio-based REIT’s $1.8 billion disposition of 48 properties operated by Waltham, Massachusetts-based Benchmark Senior Living, to an unnamed buyer. The 4,137-unit portfolio consists of 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island […]
Senior living could be coming to a mixed-use highrise to be built just north of Hudson Yards, the Related Companies’ mega-development on the west side of Manhattan. A planned 44-story tower at 451 10th Avenue would potentially include 126 long-term care facility dwelling units, The Real Deal reported Wednesday, citing plans pre-filed last week with […]
PGIM Real Estate is raising funds for its latest senior housing at a rapid pace. The Parsippany, New Jersey-based real estate investment firm is more than halfway toward its $750 million fundraising target, with significant contributions from pension funds paving the way. The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to […]
Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]
As publicly traded real estate investment trusts (REITs) have stood on the sidelines of more senior housing deals in recent years, private equity (PE) has jumped into the game. Major institutional PE players such as Kayne Anderson Real Estate Advisors (KAREA) and Bridge Investment Group have each raised funds in excess of a billion dollars […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Affordable Assisted Living Community Planned in Indianapolis An affordable assisted living facility with 124 units […]
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