Improving air quality and tightening infection control standards for senior housing became paramount in the throes of the Covid-19 pandemic. Now, the bar has been raised on how a senior living environment can and should foster health and wellness for senior living residents and workers. Two players in the space, private equity firm Harrison Street […]
Hospitality House Acquired for $3.6 Million Carlsbad, California-based Merrill Commercial Real Estate, Inc., a full-service real estate firm offering solutions in the senior housing space, recently closed the sale of Hospitality House senior community, with Menlo Management of Menlo Park, Calif., acquiring the property for $3.6 million, or $85,714 per unit, from an independent owner. Hospitality […]
For many years, senior housing real estate was viewed as a niche investment that appealed more to experienced real estate professionals and those who understood well the health care operations involved in such an investment type. But of late, Health Care REIT (NYSE: HCN), Ventas (NYSE: VTR), HCP (NYSE: HCP) and large institutional investors have brought […]
In case you missed them… here are the top headlines grabbing Senior Housing News readers’ attention this week. How to Play — And Win — the Senior Living Development Game—Development opportunities continue to attract both brand new senior living players as well as existing operators and owners. A panel of senior living executives at the […]
Prudential Real Estate Investors is no stranger to senior housing investments, and its latest capital raise for investing in the sector has well exceeded its target, netting $629 million to be deployed. The completed fund, Senior Housing Partners V, follows a series of funds launched under Prudential, and marks the largest fund to date. The $629 […]
Senior housing development has caught the eye of many new investors of late, due to the growing senior demographic and onset of new construction and development rising to meet its needs. And it has recently sparked the appeal of a Pennsylvania public school pension fund that plans to invest $100 million in the sector through […]
Aviv REIT Announces $5 Million Skilled Nursing Acquisition Aviv REIT, Inc. (NYSE: AVIV) announced recently it acquired a skilled nursing facility in Greenville, Ky., for $4.6 million. The property is triple-net leased to existing Aviv operator Diversicare at an initial cash yield of 10%, for a term of 14 years. Diversicare operates 52 facilities in […]
Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]
Capital Senior Living Buys Ohio Senior Living Community for $4 Million Capital Senior Living (NYSE:CSU) has acquired a senior living community in Middletown, Ohio for $4.1 million, reports the Dayton Business Journal. The Woodlands of Middletown has 61 units, comprised of 40 assisted living and 21 memory care units. In September 2012, Rittenhouse Senior Living […]
A majority of senior housing executives believe interest rates will be the biggest driver for cap rates going forward, indicates a new survey conducted leading up to the 2013 National Investment Center (NIC) for the Seniors Housing & Care Industry conference, but investors are keeping an eye on new construction as well. For 2014, executives […]
