Capital Senior Living Acquires Senior Housing Leases

Capital Senior Living Corporation, one of the country’s largest operators of senior living communities, today announced that it has entered into a definitive agreement with Hearthstone Senior Services, L.P. (“Hearthstone”) to acquire Hearthstone’s interests in 32 leases with a healthcare REIT. Capital Senior Living acquired 32 leased communities that are high-quality, newly constructed assisted living and dementia care […]

Hebrew SeniorLife gets $457m for Senior Housing Complex

Hebrew SeniorLife, the Roslindale nonprofit that operates elder housing, healthcare, and research facilities, secured $457 million in funding last week.  Construction on the $485 million dollar project began last summer and is scheduled to be completed in 2009.  The community in Dedham will house about 800 seniors and have home for independent living, assisted living […]

Historic Hotel Used for Assisted Living

The Barth Hotel is an historic building in Denver, Colorado that currently hosts an assisted-living program for seniors and was purchased by a group called Senior Housing Options  in 1980 to use as an assisted living facility.  The facility is used for mentally ill and physically challenged seniors.  The use of this provides seniors a central […]

San Francisco Low Income Senior Housing

For certain low income seniors in San Franscisco, California, they are receiving the opportunity of a lifetime to enjoy the fruits of living in the Mission Bay area at outrageously low rents in comparison to comparable properties in the Bay Area.  The Mission Creek Senior Community building, which fronts Mission Creek Estuary, is a subsidized […]

Prudential Mortgage Capital secures $80 million in senior housing financing

Prudential Mortgage Capital closed a $80.3 million dollar loan for Brookdale senior Living.  The portfolio consists of five assisted living, memory care and skilled nursing facilities in Ohio, Texas, Kansas and Kentucky.  The portfolio includes the following: Homewood Residence at Richmond Heights in Cleveland opened in 2000 and boasts 78 assisted-living units and 17 memory-care […]

Zell firm buys stakes in overseas senior housing developers

Legendary businessman Sam Zell’s Equity International acquired two minority interests in senior housing developers in Great Britain and New Zeland.   The two privately held companies that were invested in were London-based Renaissance LifeCare PLC and Sanctuary Residences of Auckland, New Zealand.   With aging populations and a lack of high-quality housing, retirement real estate presents a “considerable […]