Transactions and Financings: Onelife Enters Chicago; SLIB Sells Midwest Portfolio

Acquisitions Onelife enters Chicago with seventh acquisition Family-owned developer and operator Onelife Senior Living entered the Chicago area with the acquisition of the former Springs of Vernon’s Hills Alzheimer’s Special Care Center. Following the acquisition, the community was renamed to The Laurel at Vernon Hills. According to a press release, Onelife retained all staff during […]

Invesque’s Portfolio Shift to Senior Living Progresses with Sales, Operator Transitions

Invesque (TSE: IVQ.U) has taken further steps toward accomplishing its long-term portfolio plan of shifting toward private-pay senior living and away from skilled nursing. Approximately 35% of its current pro forma net operating income (NOI) comes from skilled nursing, executives with Invesque said Thursday on the company’s Q3 2021 earnings call. That’s a drop from […]

3 Covid-19 Predictions for Senior Housing: Occupancy, Pandemic Duration, Industry Recovery

The senior housing industry is facing steep challenges that shift each day as the Covid-19 pandemic spreads and the nation’s response evolves. In this dynamic environment, making predictions could be a fool’s errand, yet owners, operators and investors are seeking some basis around which to craft strategies. With this in mind, here are three scenarios […]

Senior Housing Finance Activity: CBRE, Lancaster Pollard

CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]

Movers & Shakers: Premier Senior Living, Welltower

Premier Senior Living Announces New Executive Directors  Premier Senior Living, LLC, a senior living operator with 25 communities throughout Florida, Michigan, New York, North Carolina, Ohio, Pennsylvania and Wisconsin, has announced two new executive directors. The company named Christina Woodward as executive director of its Fountain Park Assisted Living and Memory Care community in Bryan, Ohio. Woodward, […]

Senior Housing Finance Activity: MidCap Financial, Capital Funding Group

MidCap Financial Arranges $7.9 Million Loan for Skilled Nursing Facility in Arizona Commercial finance company MidCap Financial recently arranged a $7.9 million, fixed-rate HUD 232/223(f) loan to refinance a 137-bed, 69-room skilled nursing facility in Sun City West, Arizona. The financing was arranged by MidCap Financial Housing Capital Inc. Managing Director Brett Patrick. Ziegler Closes […]

Senior Housing Investments & Transactions: IPA’s $1.06 Billion Year

IPA Closes $1.06 Billion in Transactions In 2016, IPA National Seniors Housing Group closed $1.06 billion in transactions. The total includes 29 transactions in 19 states. Highlights of the year include the completion of the largest privately held majority SNF portfolio sale on record nationally since 2012 and the second-largest stand-alone senior care property sale […]

Premier Tees Up $100 Million Acquisition Allocation

An assisted living and memory care operator has branched into the Midwest with the acquisition of a Michigan portfolio and has plans to continue growing, with up to $100 million allocated over the next year or so. Premier Senior Living, a privately-held New York-based company, acquired the operations of five memory care and four assisted […]

Senior Housing Investments & Transactions: Ensign Group Completes 18-SNF Acquisition

Ensign Group Completes Acquisition of Legend Healthcare The parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, The Ensign Group, Inc. (NASDAQ: ENSG), has completed its previously announced acquisition of 18 skilled nursing operations in Texas. All facilities were previously operated […]