The coming wave of seniors will be looking for a wide array of housing options, some experts, like PricewaterhouseCoopers and the Urban Land Institute, have said after studying the market. One company is trying to serve retirees looking for something beyond a typical active adult or independent living community by enabling them to live at sea, aboard […]
Talks for a rumored acquisition of Brookdale Senior Living (NYSE: BKD) with a Chinese bidder are over, according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations ended without a […]
Blackstone Buys Two Denver Communities for $27 Million The Blackstone Group, a New York-based private equity firm, purchased two senior living communities southeast of Denver as part of a billion-dollar deal to buy 64 Brookdale Senior Living (NYSE: BKD) properties, announced in late March. The two communities, located in Arapahoe County, were purchased for more […]
Care Capital Properties to Acquire $400 Million Behavioral Health Portfolio Care Capital Properties, Inc. (NYSE: CCP) has entered into a definitive agreement to acquire six behavoiral health hospitals in a sale-leaseback transaction for $400 million and to fund up to $50 million in capital expenditures to finance expansion and improvements in the portfolio. The properties […]
Health care real estate investment trusts (REITs) underwent major refocusing last year, creating skilled nursing cast-offs, spinoffs and pure plays. Now, skilled nursing has slipped away from senior housing-focused REITs and is up for another year of challenges. While the rest of the health care system inches toward integration amid the ongoing shift toward value-based care, […]
CNL Healthcare Properties II Makes Its First Acquisition CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and health care properties, made its first acquisition by purchasing Summer Vista Assisted Living Community, a newly-constructed senior living community located in Pensacola, Florida. SRI Management, LLC, the company that has […]
HCP Completes $1.125 Billion Sale of Brookdale Portfolio Healthcare real estate investment trust (REIT) HCP (NYSE: HCP) completed the previously-announced sale of a portfolio of 64 triple-net assets leased to Brookdale Senior Living, Inc. (NYSE: BKD) to affiliates of Blackstone Real Estate Partners VII L.P. in a deal worth $1.125 billion. HCP expects to record a […]
Blackstone Buys Florida Properties for $155 Million Blackstone Group (NYSE: BX) purchased four senior living communities from Welltower Inc. (NYSE: HCN) in South Florida for a combined $154.7 million. The acquisitions are part of a previously announced $1.13 billion deal between Blackstone and Brookdale Senior Living (NYSE: BKD). The transactions include: Mangrove Bay, a 155-unit complex […]
After a hospital visit, the transition to recovery sometimes involves more rehab before returning home. To serve this need, state-of-the-art post-acute care facilities are taking cues from the hotel industry to create a rehab experience that feels less like an institution and more like a vacation. The hotel-like feeling is one of the goals of many […]
Conducting market testing is easier said than done, but with senior housing construction rates near all-time highs, knowing the feasibility of a project is crucial. Having a clear, in-depth understanding of a market where a property will operate make the difference between a leased-up community and a struggling operator. However, studies that just scratch the surface […]
