Transactions & Financings: CIT Group’s $64M Refinancing; Focus Healthcare Partners’ $65M Virginia Acquisition

CBRE arranges $65 million acquisition financing for Virginia CCRC CBRE National Senior Housing Vice Chairman Aron Will and First Vice President Austin Sacco arranged a $65.2 million acquisition financing package for The Virginian, a 306-unit rental continuing care retirement community (CCRC) in Fairfax, Virginia. Will and Sacco worked on behalf of Focus Healthcare Partners to […]

PGIM Halfway to $750 Million Target with Newest Senior Housing Fund

PGIM Real Estate is raising funds for its latest senior housing at a rapid pace. The Parsippany, New Jersey-based real estate investment firm is more than halfway toward its $750 million fundraising target, with significant contributions from pension funds paving the way. The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to […]

Invesque Expands Senior Living Portfolio with $340M Commonwealth Acquisition

Invesque Inc. (TSX: IVQ.U), the Toronto-based real estate investment company formerly known as Mainstreet Health Investments, Inc. announced an agreement Wednesday to acquire Charlottesville, Virginia-based senior housing owner and operator Commonwealth Senior Living and 20 of its properties for $340.4 million. Invesque also has an exclusive right of first offer for three other Commonwealth assets […]

Brookdale Highlights the Keys to Its Q1 Performance

On the heels of a strong Q1 2019 performance attributed to an improved sales cycle and growth, Brookdale Senior Living (NYSE: BKD) highlighted some of its operational outcomes Tuesday for a conference of investors. During a presentation at the RBC Capital Markets Global Healthcare Conference in New York City, Brookdale CEO Cindy Baier shared her […]

Welltower’s Mercedes Kerr Named Belmont Village President

Welltower (NYSE: WELL) Executive Vice President, Business & Relationship Management Mercedes Kerr is leaving the Toledo, Ohio-based health care real estate investment trust (REIT) to assume the role of President at partner company Belmont Village Senior Living, Welltower announced in a press release Monday. Belmont Village Founder Patricia Will will continue as founder and CEO. […]

Storylines Co-CEO Punton: The Market is Ready for Senior Living at Sea

Storylines is not the first senior living-at-sea concept to be floated over the years. But there is one thing separating it from those other concepts that sank, Storylines Co-CEO, founder and Chairman Alister Punton said May 8 during Senior Housing News’ BUILD event in Chicago. “The fundamental difference is we’ve got the ship,” he said. […]

Senior Apartments Gain Traction, Skew 10 Years Younger Than Independent Living

Senior-only apartments have emerged as their own product type, which may compete to some degree with independent living but is mostly attracting a different, younger resident.That’s according to JLL’s 2019 Seniors Housing Survey, which reached out to over 1,000 lenders, operators and industry consultants about their confidence in senior living as an investment class through […]