International real estate firm Hines and health care investment company Sentio Investments on Wednesday announced the formation of a new partnership aimed at creating an investment portfolio of senior housing and additional health care real estate. Houston-based Hines has $111 billion of assets under management. Orlando, Florida-based Sentio Investments, meanwhile, has more than $5 billion in […]
Despite lingering oversupply concerns, plenty of senior housing operators are still seeking construction financing, especially in the Southeastern U.S., according to a leader from SunTrust Banks (NYSE: STI). After initially serving senior housing operators in the Southeast, the Aging Services practice at Atlanta-based SunTrust recently began offering financing options for providers nationwide. The bank is seeing […]
Eversound Partners With JEA Senior Living Eversound, a Boston-based provider of hearing technology and resident engagement solutions for senior housing communities, has partnered with Vancouver, Washington-based JEA Senior Living, which operates more than 50 senior housing across the United States. As part of the partnership, JEA Senior Living will be making Eversound available to residents […]
There’s been some uncertainty about the future of continuing care retirement communities (CCRCs)—whether they will appeal to the next generation of seniors, or whether their pricing model will deter those potential residents. In reality, though, CCRCs are likely here to stay, Greystone Communities co-CEO John Spooner told Senior Housing News. Irving, Texas-based Greystone is a management consulting […]
HHC Finance Closes $4.86 Million HUD Loan for Community in Texas Housing & Healthcare Finance recently closed a $4.86 million 232/223(f) HUD loan for New Haven of Kyle, a 32-unit assisted living and memory care community in Kyle, Texas. The community was constructed in 2014 by New Haven Assisted Living and has consistently recorded occupancy in the […]
Just over a year after announcing several major changes—including a move of its corporate headquarters across the country and abandoning its longstanding management model—CEO Lilly Donohue says Holiday Retirement is in “put-your-head-down mode” and focusing on improving the resident experience. The nation’s largest independent living provider has experienced an enormous amount of upheaval in the […]
A veteran NBA player with famous connections is recruiting other players to invest in senior housing real estate in the Midwest. Springfield, Missouri-based Say You Can is a real estate development company established by owner Kelly Byrne and current Detroit Pistons player Anthony Tolliver in early 2009 and, until recently, was primarily focused on multi-family and student […]
A company new to the senior housing space is set to bring a 400-unit independent living community to the historically busy Atlanta market—and to transform a building that’s publicly been called both “iconic” and an “eyesore” in the process. Atlanta-based Peacock Partnership—a holding company for architectural design, construction and development firms specializing in health care […]
It may only be a matter of time before Amazon.com’s (Nasdaq: AMZN) business purchasing platform makes more of a mark in senior living, if the experience of a major regional senior care provider in the Pacific Northwest is any indication. The Seattle-based online retail giant touted Amazon Business at the 2018 Argentum Senior Living Executive Conference in […]
Welltower Inc.’s (NYSE: WELL) proposed $1.95 billion acquisition of Quality Care Properties (NYSE: QCP) may have hit a bump in the road. QCP on Tuesday announced that it has received an acquisition proposal from a third party, and that the real estate investment trust’s (REIT’s) board of directors believes the proposal could reasonably be expected to […]
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