AEW Raises $500 Million for U.S. Senior Housing Fund Boston-based AEW Capital Management recently raised about $500 million for its third U.S. senior housing fund, IPE Real Estate reported. AEW aimed for a total equity raise of $500 million, IPE noted, citing a consultant of a pension fund intending to commit to the fund. The total […]
The labor shortages currently burdening the senior housing industry are very real—so perhaps it’s no surprise that assisted living wages went up across the board in 2016. Wages increased for every job position in assisted living last year, according to a new report from the Hospital and Healthcare Compensation Service. About 1,300 assisted living communities took part […]
Following a year of several high-profile leadership changes, HCP Inc. (NYSE: HCP) announced on Monday it has named Peter Scott as its new executive vice president and CFO, effective Feb. 13. Scott is set to replace Tom Herzog in the chief financial officer role. Irvine, California-based HCP, one the largest senior housing real estate investment […]
As the nation prepared to inaugurate a new president, Senior Housing News brought readers the latest on Brookdale Senior Living (NYSE: BKD)’s rumored takeover negotiations, an in-depth interview with Brookdale alum John Rijos and a slew of predictions from top industry leaders for the year ahead. Here in the newsroom, we were intrigued by a […]
Love Funding Closes $19 Million Loan for Affordable Apartment Community in Virginia Washington, D.C.-based Love Funding recently announced the closing of a $19 million loan meant to preserve and refurbish Tysons Tower, an 274-unit affordable senior housing community in Vienna, Virginia. Tysons Tower was built in 1976 by The Fairfax Education Association Retirement Housing Corporation […]
As confirmation hearings for President-elect Donald Trump’s Cabinet took place on Capitol Hill, we brought readers the most recent news in the senior housing world. Namely, private equity giant Blackstone Group is rumored to be in talks to acquire Brookdale Senior Living (NYSE: BKD); assisted living occupancy fell to its lowest level since 2010; and […]
Cushman & Wakefield Arranges $23.3 Million in Financing for LCB Senior Living Cushman & Wakefield Senior Housing Capital Markets, in its exclusive representation of Norwood, Massachusetts-based senior housing owner/operator LCB Senior Living, LLC, recently arranged $23.27 million in construction financing for LCB’s 13th senior housing development, The Residence at Stony Ford in Stamford, Connecticut. Currently under […]
Ventas Inc. (NYSE: VTR) has a bullish outlook for 2017, despite continued supply concerns and an uncertain future for the Affordable Care Act (ACA), company executives revealed Tuesday. By the end of 2017, the Chicago-based real estate investment trust (REIT) will “essentially” be out of the skilled nursing business, more than 50% of its portfolio […]
Assisted living occupancy stumbled during the fourth quarter of 2016, despite healthy demand for senior housing units. At 87.6%, assisted living occupancy dropped to its lowest level since early 2010, according to the latest data from the National Investment Center for Seniors Housing & Care (NIC). Assisted living occupancy hit 87.9% in the third quarter of […]
Competition is on the rise in the senior housing industry, with even the country’s most massive providers feeling the heat. The pressure older senior housing communities feel to stand out in this growing crowd is palpable, and for good reason. As newer, flashier senior housing begins opening in various markets across the United States, older communities are “scrambling” […]
Subscribe
Receive industry updates and breaking news from SHN