Transactions & Financings: HJ Sims, JCH Senior Housing Investment Brokerage

HJ Sims Arranges Closing of $15 Million Loan for Life Plan Community in Atlanta HJ Sims recently facilitated the closing of a $15 million revolving pre-development financing for a life plan community in Atlanta, Georgia. The community—Lenbrook—anticipates incurring up to roughly $15 million in pre-development costs for a planned expansion. The pre-development costs will mainly […]

New Upside Avenue REIT Hopes to Draw Small Investors into Senior Housing

A new, non-traded real estate investment trust (REIT) with senior housing aspirations has arrived on the scene. The REIT, Upside Avenue, plans to start deploying capital at the end of September, Joy Schoffler, chief strategy officer at both the REIT and its affiliate—Austin, Texas-based private equity firm Casoro Capital—told Senior Housing News. Upside Avenue filed a […]

New Senior Plans to Internalize Management, Pay Fortress $50 Million

New Senior Investment Group (NYSE: SNR) is distancing itself from external manager Fortress Investment Group (NYSE: FIG) and internalizing its operations, executives announced Thursday. The move is being made as part of the New York City-based real estate investment trust’s (REIT) ongoing strategic review process, which has not yet concluded, CEO Susan Givens implied during a call […]

Transactions & Financings: ORIX USA, Midcap Financial

Griffin-American Healthcare REIT IV Purchases 53-Unit Assisted Living Community in Missouri Real estate investment trust Griffin-American Healthcare REIT IV, Inc. recently acquired the 53-unit Pinnacle Warrenton Assisted Living Facility in Warrenton, Missouri, for $8.1 million. The seller was Warrenton Clearpath Property Investment, LLC, an unaffiliated third party represented by Senior Living Investment Brokerage’s Jeff Binder. […]

NHI Joins Chorus of Senior Housing Organizations Eyeing Joint Ventures

Like some of its peers in the senior housing space, National Health Investors (NYSE: NHI) no longer wants its tenants to “just use [it] as a checkbook,” according to President and CEO Eric Mendelsohn. Rather than triple-net, the Murfreesboro, Tennessee-based real estate investment trust (REIT) is currently looking out for RIDEA and joint venture opportunities, […]

Boston Globe: Potential Assisted Living Residents Fear ‘Walk-In Tests’

Elder abuse “horror stories” and “walk-in tests” are often top of mind for seniors weighing a move into assisted living, according to a piece published August 6 by The Boston Globe. Specifically, some older adults are under the impression that only “depressing” facilities will accept seniors who require a high level of care. That’s the belief […]

Tech Beat: CSU Partners with OneDay, K4Connect’s New Hire

Capital Senior Living Partners with Dallas-Based OneDay Capital Senior Living (NYSE: CSU) recently partnered with Dallas-based startup OneDay to digitally preserve the stories of residents at its 129 senior housing communities. OneDay’s mobile app is an interactive, personalized storytelling tool, according to a press release. Residents can choose a conversation topic on the app, and […]