An “explosive and combustible environment” in the United States and around the globe is making it difficult to predict how the economy will fare — and how senior housing mergers and acquisitions will shake out — over the course of 2020. That’s one message from James Flynn, the CEO of Hunt Real Estate Capital who […]
ORIX
ORIX Corporation USA has agreed to acquire Hunt Real Estate Capital, in a move that will further position ORIX as a heavy-hitter in senior housing financing. ORIX USA — part of Tokyo-based ORIX Corporation — has been steadily building its presence in the senior housing space. In 2010, ORIX invested in major senior housing lender […]
Loan volume was up in fiscal year 2019 and the average loan size of $13 million set a new record for the FHA 232 mortgage insurance program, which provides financing for senior housing and care properties. Total loan volume for FY 2019 reached $3.7 billion, which was an increase from $3.6 billion a year prior, […]
A relative newcomer to the senior housing space is making headway with nearly 10 projects in its mega church-model pipeline thanks to assembling a team of senior housing industry mainstays. Omega Communities, LLC was founded by Pat Trammell, Jr., the chairman and CEO, around three years ago. The concept for each senior living community project includes […]
Ziegler Closes $73 Million Financing for Ill. CCRC Development Ziegler recently closed issuance on $73,465,000 of Series 2014 tax-exempt, fixed-rate bond financing for the development of MRC The Crossings in League City, Texas, sponsored by Methodist Retirement Communities, a not-for-profit corporation. In December of 2012, MRC purchased approximately 19 acres and began funding the pre-development […]