Senior Housing Investments & Transactions: Capital Senior Living, IPA, Cushman & Wakefield

Capital Senior Living Acquires Two Facilities for $56 Million Capital Senior Living Corp. (NYSE: CSU) has acquired two assisted living communities for $56 million. The communities were previously owned by Keystone Senior. The sale of the properties was facilitated by Stephen Snider, an independent senior housing broker. Snider represented Keystone Senior LLC. Joint Venture Acquires […]

SEC Freezes Assets in Alleged $62 Million Assisted Living Investment Scheme

A South Carolina businessman has been accused of siphoning millions of dollars from funds he raised from investors that were earmarked for purchasing or renovating senior living facilities, according to a complaint from the U.S. Securities and Exchange Commission (SEC). The SEC alleges in a complaint that Dwayne Edwards, founder of Georgia-based Oxton Senior Living […]

Senior Housing Investments & Transactions: NorthStar Merger Closes

NorthStar, Colony Merger Closes NorthStar Asset Management (NYSE: NSAM), NorthStar Realty Finance Corp. (NYSE: NRF) and Colony Capital (NYSE: CLNY) completed the previously announced merger of the companies into real estate investment trust (REIT) Colony NorthStar Inc. (NYSE: CLNS). The new entity currently has an equity market capitalization of approximately $9 billion and assets under […]

Senior Housing M&A Deal Volume Slips in 2016

Senior housing transaction dollar volume was weak at the end of 2016, but the year was still active due to a relatively strong number of smaller dollar transactions, according to preliminary end-of-year data from the National Investment Center for Seniors Housing & Care (NIC). However, separate M&A data released by Irving Levin Associates, also on […]

Senior Housing Investment Returns Continue to Slow

While senior housing has been lauded as an investment class with high returns and favorable demographics, the annual return for the sector has been slowing since mid-2014. That trend continued in the third quarter of 2016, new data revealed. Despite the slowing rate of returns, senior housing has outpaced other real state asset types, as […]

Senior Housing Investments & Transactions: Transforming Age’s $138 Million Portfolio Buy

Transforming Age Acquires $138 Million Portfolio  Transforming Age, formerly known as Presbyterian Retirement Communities Northwest, acquired an eight-property portfolio totaling more than 1,000 units for $138 million.  The portfolio, located across the Twin Cities, was acquired from a joint venture between Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate.  “Transforming Age saw the […]

Home Health Medicare Rules Get Major Update

Senior living providers with home health care branches are about to see major changes to how these service lines qualify to participate in Medicare and Medicaid. The Centers for Medicare & Medicaid Services (CMS) has issued its final rule outlining the Medicare and Medicaid Conditions of Participation (CoP) for home health agencies. Prior to the new […]

Ventas, Welltower, HCP Pegged as Top Investment Opportunities in 2017

Amid greater uncertainty following the results of a tumultuous national election, health care real estate investment trusts (REITs) may be a bright spot among other real estate sectors. Just as they fared well during the recession thanks to their demand-driven real estate assets, health care REITs, including the “Big 3”—Welltower (NYSE: HCN), Ventas (NYSE: VTR) and […]

SEC: Senior Housing Developer Stole $9.5 Million in EB-5 Scheme

The Securities and Exchange Commission (SEC) has sued a private equity group with senior housing ties for engaging in a $9.5 million scheme by defrauding investors. The fraudster allegedly stole millions to pay for his lavish lifestyle, including the purchase and maintenance of a yacht as well as supporting his other businesses. Emilio Francisco, a […]