Middle-Market Plays to Reshape Senior Living Acquisition Activity, Prices

Robust senior housing acquisition activity is likely to continue into 2020, driven by the continued low interest rate environment as well as the increased focus on middle-market products and the creation of multi-brand portfolios. That middle-market focus is also driving more interest from big players in secondary and tertiary markets, which are friendlier to this […]

Senior Living Providers Invest in Workforce Housing for Employees

As senior living companies face intense labor pressures, some organizations are beginning to provide workforce housing for their employees. Doing so is not simple, but providing affordable housing can be a recruitment and retention tool for front-line employees, while adding new rental stock to markets in need, Presbyterian Homes & Services President and CEO Dan […]

Senior Living Planned for $250M Mixed-Use, Opportunity Zone Development in San Jose

A West Coast developer is making senior housing a fundamental component of its $250 million opportunity zone fund, focusing on assisted living and memory care. San Jose, California-based Urban Catalyst submitted plans last month for Delmas @ Downtown West, a $45 million facility in downtown San Jose including 52 assisted living units and 32 memory […]

Erickson Gets Underway on $300 Million CCRC as Part of $2 Billion Pipeline

Erickson Living has big plans in Virginia, and the upcoming construction of a $300 million continuing care retirement community (CCRC) outside of Richmond is one of the linchpins. The Catonsville, Maryland-based owner and operator will open a sales center for Avery Point in the Richmond suburb of Shore Pump, Virginia, in April 2020, Erickson Living […]

Senior Living Tensions Highlight Need for New Management Fee Approach

The ongoing, unprecedented wave of investors flocking to senior housing is contributing to a widening disconnect between mission-driven operators and investors pushing for larger, faster returns on their investments. Management fees paid to operators have emerged as one battleground leading to strained relationships and struggling projects. The root of the disconnect is in a lack […]

Transactions & Financings: CBRE’s $615M November; Watermark Grows with Acquisition

Berkadia completes $159M in recent senior housing deals Berkadia’s Senior Housing & Healthcare Group closed on the following senior housing transactions, totaling $158.9 million in transaction value: — Senior Directors Ed Williams and Rafael Nobo arranged a $107.6 million Fannie Mae master credit facility for eight independent living, assisted living and memory care communities in […]

Senior Care Providers Scramble After $14M Ransomware Attack Hits Tech Firm VCPI

A Milwaukee-based technology company fell victim to a Russian ransomware attack, resulting in the data of most of its acute care and senior housing and care clients becoming inaccessible unless the provider pays a ransom. Virtual Care Provider Inc. (VCPI) provides cloud services, data storage and management, security services and internet access for over 110 […]

Martha Stewart Assisted Living Brand Could Take Shape Under Marquee Venture

The “Goddess of Domesticity” wants a piece of the senior housing space. Marquee Brands, the owner of the Martha Stewart Living brand, is partnering with global real estate branding firm Brands Lab International to develop real estate projects — potentially including assisted living — under the Stewart brand. The news was first reported on real […]

Buttigieg Long-Term Care Plan Includes $90-Per-Day Assisted Living Provision

South Bend, Indiana Mayor and Democratic presidential hopeful Pete Buttigieg on Monday released a detailed, 19-page proposal to make long-term care for seniors more affordable and accessible, and allow retirees to maintain their economic independence. The centerpiece of Buttigieg’s plan is a benefit program, “Long Term Care America,” that would provide eligible seniors — those […]