Senior Housing Investors May Hold $9B to $12B in Dry Powder, Await Occupancy and Debt Market Recovery

The coronavirus pandemic significantly slowed the development and acquisition pipelines of large-scale investors, as the capital markets retreated to the sidelines and waited for some stability to enter the lending landscape. Now, there could be as much as $12 billion in dry powder ready to deploy in senior housing, estimates Dustin Warner, director with Harrison […]

NHI Sells 6 Bickford Communities, Rent Concessions for Holiday Possible

National Health Investors’ (NYSE: NHI) rent deferrals and concessions continued in the first quarter of 2021 and could continue to have an effect on the company’s bottom line in the second quarter, and possibly longer. But, operators working with the Murfreesboro, Tennessee-based real estate investment trust (REIT) are seeing positive momentum on move-ins and occupancy, […]

Material Costs Put Pinch on Assisted Living Construction, Creative Lending Emerges

Financing for assisted living and memory care developments and acquisitions is gradually becoming easier to secure, but high construction costs and continued pandemic-related uncertainty remain challenges. Developers with proven track records of success, however, have had little trouble putting together their capital stacks over the past year. And creative new avenues of lending, such as […]

Healthpeak Eyes CCRC Expansion, Last $400M in Senior Housing Sales Imminent

With its exit from rental senior housing near completion, Healthpeak Properties (NYSE: PEAK) is turning its attention to driving growth and value through its three primary real estate segments: life sciences, medical office buildings, and continuing care retirement communities (CCRCs). Healthpeak’s CCRCs reported improved operations, expense controls and occupancy gains in the first quarter of […]

Healthpeak Announces $1 Billion in Senior Housing Sales, Planned Exit Nearly Complete

Healthpeak Properties’ (NYSE: PEAK) exit from rental senior housing is nearly complete. The Denver-based health care real estate investment trust (REIT) sold $1 billion in senior housing assets in the first quarter of 2021, bringing the firm closer to completely divesting of its senior housing operating portfolio (SHOP) and triple-net senior housing assets, according to […]

More Standardized, Robust Care Practices Still Lagging in Assisted Living

Covid-19 proved, above all, that senior housing is a health care product. As the industry moves toward a post-pandemic environment, however, many assisted living providers still grapple with balancing health care with hospitality. Striking the right balance is imperative as more seniors enter the space with multiple chronic conditions. Assisted living providers with standardized approaches […]

Senior Housing Value-Add Opportunities May Total $5B, Could Grow

One year ago, senior housing mergers and acquisitions activity came to a screeching halt as a result of Covid-19. But there are signs that the M&A landscape will experience a strong rebound in 2021, and the rebound will be spearheaded by a wide range of buyers seeking value-add opportunities as well as stabilized assets. Mergers […]

Brookdale Extends LTC Properties Lease Through Year-End

Brookdale Senior Living (NYSE: BKD) opted to extend its lease with real estate investment trust LTC Properties (NYSE: LTC) through Dec. 31, 2021. Brookdale holds an option to extend the lease through April 30, 2022. Rent terms under the master lease did not change. Westlake, California-based LTC also extended a $4 million capital commitment to […]