Healthpeak Properties (NYSE: PEAK) offered its strongest indication to date that it is looking to trim from its senior housing operating portfolio (SHOP) and triple-net senior housing segments in order to maintain its status as a blue-chip real estate investment trust. Leadership has entertained inquiries in recent weeks from private equity firms interested in buying […]
Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in Montgomery, Alabama; The Crossings at Iron Bridge in Chester, Virginia; and The Chamberlain in Hampton, Virginia. Cushman & Wakefield advises on $37.1M financing for South Carolina assisted living community Cushman […]
Minka, the tiny home model co-founded by elder care innovator Dr. Bill Thomas, recently took another step toward mass scalability and integration within the existing senior living framework. Walnut Creek, California-based senior housing and care provider organization The Covia Group and Ziegler Link•age Funds announced a joint investment in Minka Homes and Communities over the […]
The debate over whether senior housing is a hospitality or health care model has raged for years. In higher care segments, however, a growing number of providers are embracing a model that puts hospitality at the forefront while blending the clinical component to the background. This prioritizes the needs, comfort and attitude of residents, without […]
Brookdale Senior Living (NYSE: BKD) made another move to shore up its financial position during the coronavirus pandemic. The Brentwood, Tennessee-based owner and operator on Thursday announced it obtained a 10-year, $221 million refinancing package for the majority of its outstanding 2020 and 2021 debt maturities. The refinancing was provided by Newmark Knight Frank (Nasdaq: […]
In the first quarter of 2020, Vitality Living’s Facebook presence had a total of 11,000 impressions. As Covid-19 gripped the United States, however, the Brentwood, Tennessee-based provider began to use the social media platform more aggressively. Senior leadership and executive directors provided daily live updates of its pandemic response across its 16 communities in Alabama, […]
Last week, California Governor Gavin Newsom signed legislation extending protections for renters from evictions due to financial hardship stemming from the Covid-19 pandemic through January 31, 2021. It may be too early to determine what the law means for residents of senior housing communities across the Golden State, but communities and residents in private-pay senior […]
One thing is certain as the coronavirus pandemic enters its sixth month in the U.S.: Covid-19 is not going away. “We are going to have to live with Covid-19 in the world,” Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier told Senior Housing News. And, in many regards, the senior living industry is in fact […]
Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
Private-pay assisted living providers now have the ability to apply for funding under the Provider Relief Fund Phase 2 General Distribution allocation, the U.S. Department of Health and Human Services (HHS) announced Tuesday. The announcement comes about two weeks after the federal agency told the American Seniors Housing Association (ASHA) during a call that relief […]