This coverage of the 2016 National Investment Center for Seniors Housing & Care Fall Conference is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing live event coverage of the NIC conference, which […]
This coverage of the 2016 National Investment Center for Seniors Housing & Care Fall Conference is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing live event coverage of the NIC conference, which draws developers, providers […]
Capital One Closes $10.3 Million in FHA Loans to Refinance Two Illinois SNFs Capital One (NYSE: COF) recently announced that it has provided two fixed-rate HUD 232/223(f) loans totaling $10.3 million to refinance a 131-bed skilled nursing facility in Carbondale, Illinois, and a 70-bed skilled nursing facility in Anna, Illinois. The transaction was originated by Senior Vice […]
This week, Senior Housing News readers heard about Juniper Communities’ trip to Burning Man, why two U.S. Senators are concerned about a recently finalized federal rule, and how Brookdale Senior Living (NYSE: BKD) redesigned its website to be more consumer-friendly. Here in the newsroom, we were touched by “Grandma Shirley,” a young filmmaker’s short film […]
RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]
In an effort to better speak to potential customers, the largest senior living provider in the country has invested in a $4 million redesign of its website, turning to the hotel, travel and real estate industries for inspiration. Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) has more than 1,100 senior living communities in 47 states. […]
The turn-back-the-clock design of a Cleveland-area memory care community has gone viral this week, hitting the Reddit front page and then winning coverage on outlets including TODAY. But the community’s design efforts are only part of a larger goal for the operator. Unsatisfied with the current memory care buildings on the market, the CEO of Ohio-based The Lantern Group set out with […]
A real estate investment trust (REIT) has moved to completely exit the senior housing industry in favor of multifamily real estate, selling off all of its remaining senior housing properties for about $236 million. Minot, North Dakota-based Investors Real Estate Trust (NYSE: IRET) announced Wednesday it has entered into six different sales agreements with multiple affiliates […]
Love Funding Secures $26.3 Million Loan Senior Apartment Community in Texas Washington, D.C.-based Love Funding, a provider of FHA multifamily, health care and affordable financing, recently closed a $26.3 million loan for the construction and permanent financing of Overlook at Prestonwood, a senior apartment community with 183 age-restricted apartments currently being developed in Carrollton, Texas. Overlook […]
The senior housing industry may have been unrealistic in calculating its customer base for years, skewing estimated demand and impacting capital allocation decisions, according to a new white paper. To assess whether the service-enriched senior housing industry has a realistic grasp on who makes up its customer base—and to determine the impact recalibrating the customer base would have […]
