In the Pipeline: Senior Housing Construction Projects (12/15/16)

(Rendering of Pecan Grove at Highland Springs located in Dallas — photo courtesy of Erickson Living) Construction: Planned Arizona Developer Plans Senior Living Community Summerlin Asset Management plans to team up with Desert Land Group to create Havasu Senior Living in Lake Havasu City, Arizona. The community will include independent living, assisted living, memory care, […]

Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

In the Pipeline: Senior Housing Construction Projects (1/14/16)

(Dining room at Kalākaua Gardens in Honolulu) Construction: Planned Pinkard Construction to Build Colo. Assisted Living, Memory Care Expansion Construction manager and general contractor Pinkard Construction Company was recently awarded the construction of Sunny Vista Living Center’s new assisted living and memory care expansion in Colorado Springs, Colo. The new, $10.5 million building, designed by Lantz-Boggio Architects, […]

Senior Housing Finance Activity: Lancaster Pollard, Grandbridge

Lancaster Pollard Arranges $1.8 million Bridge Loan for Nevada Assisted Living Community Lancaster Pollard, a financial advice and financing solutions company, has arranged a $1.8 million bridge loan for Reno Valley Assisted Living & Retirement Center, a 118-unit assisted living community in Reno, Nevada. Acquired in 2013, the community has undergone a turnaround process, and […]

Senior Housing Investors Net Healthy Returns

Financially, the senior housing market is in good shape, with return on investment eclipsing other major real estate property types. Over a seven-year period, senior housing returns have outperformed the National Property Index (NPI) and multi-family housing in total returns, income returns and appreciation. These and other findings were reported in the CBRE National Senior Housing […]

Heard at NIC: The Top 10 Buzzwords in Senior Housing

The biggest names in senior living converged at this year’s National Investment Center for Seniors Housing and Care (NIC) conference in Chicago. While the panels’ topics varied as widely as the operators, developers, REITs and third-party vendors who attended, a few key subjects permeated many of the senior living sessions. SHN compiled the following list […]

The Rise of Nontraded Healthcare REITs in Senior Housing

Nontraded real estate investment trusts have made a splash in the senior housing and healthcare real estate market in the last few months, with some investors pointing to their impact as 2014’s biggest deal driver. Similar to REITs that trade on public exchanges, nontraded REITs also invest in real estate and must also distribute at […]

NorthStar Healthcare Launches Senior Housing Joint Venture With $87 Million Investment

NorthStart Healthcare Income has completed a strategic joint-venture with senior housing owner and developer The Freshwater Group, for an initial investment of $86.6 million plus closing costs.  The joint venture currently spans three properties with plans to acquire and manage the growing portfolio over time. The first three properties include a 125-unit independent living facility located […]

Watermark Acquires Ore. Senior Living Community for $39.5 Million

Watermark Retirement Communities, Inc., an affiliate of The Freshwater Group, recently acquired and assumed management of a senior living community in Gresham, Ore. in a $39.45 million transaction. Courtyard Fountains has 252 residences, comprised of 44 assisted living units and 208 independent living units. Occupancy at time of closing was at 93%.  Watermark will introduce […]

In the Pipeline: Senior Housing Construction Projects (5/16/2012)

Construction: Planned INVENCO Seniors Housing to Build ALF in Fla. for Veterans INVENCO Seniors Housing, LLC, will pioneer an operating plan to help U.S. veterans find affordable housing solutions for a Viera, Fla.-located assisted living center meant to affordably house U.S. veterans. Viera Manor Assisted Living Facility will give veterans priority admission for 80% of […]