Historic Moment for Senior Housing M&A with All Buyers in the Game

Investor appetite for senior housing has grown to levels that industry finance experts say is unprecedented, in terms of the variety of buyers seeking transactions. What makes this investor landscape historic is no group is sitting on the sidelines, senior living finance and transactions professionals told Senior Housing News. “The buyers market is hitting on […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

Invesque Adds 10 Properties to Commonwealth Portfolio, Foresees Future Growth

Invesque (TSX: IVQ.U) is wasting no time in building up the $340 million Commonwealth Senior Living portfolio acquired in May. Invesque is transitioning the majority of its assets operated by Falls Church, Virginia-based Greenfield Senior Living to Commonwealth, the Toronto-based real estate investment trust (REIT) announced in its second quarter 2019 earnings report Wednesday. The […]

Welltower Gains Middle-Market Senior Housing Platform with Clover Management

In striking a joint venture with Clover Management, real estate investment trust Welltower (NYSE: WELL) has brought a quickly expanding middle-market independent living company into the fold. In a $343 million transaction announced in late July, Toledo, Ohio-based Welltower acquired a portfolio of 32 Clover communities, including four under development. “Welltower is delighted to add […]

Transactions & Financings: Senior Housing Management Expands Operations; Ensign Acquires in California

JLL advises Welltower on $1.8B Benchmark portfolio sale JLL (NYSE: JLL) represented Welltower (NYSE: WELL) in the Toledo, Ohio-based REIT’s $1.8 billion disposition of 48 properties operated by Waltham, Massachusetts-based Benchmark Senior Living, to an unnamed buyer. The 4,137-unit portfolio consists of 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island […]

NHI Expects Payoffs from ‘Fast and Furious’ Acquisitions, Transitions

National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]

Welltower Posts Strong Senior Housing Numbers Amid Operator Reshuffles

Welltower’s (NYSE: WELL) senior housing portfolio performance continued to pace strong earnings in the second quarter of 2019 — a period marked by a flurry of transactions. Leadership of the Toledo, Ohio-based real estate investment trust put those deals in greater context during Wednesday’s earnings call. They were approached by a buyer who offered attractive […]

Welltower Exits Benchmark Portfolio for $1.8 Billion, Strengthens Other Operator Ties

Real estate investment trust Welltower (NYSE: WELL) disposed of its interest in Benchmark Senior Living for a gross sale price of $1.8 billion — one of several senior housing deals that the Toledo, Ohio-based real estate investment trust (REIT) announced Wednesday, in conjunction with second quarter 2019 earnings. The Benchmark portfolio consists of 48 senior […]

Mobile Home Parks Become Red-Hot Senior Living Option

Mobile home parks have long been a part of the senior living landscape, and they have emerged as one of the most in-demand product types in recent years. They offer investors stability and steady returns, and they provide older adults amenities found at other senior housing communities at more reasonable price points. In fact, senior […]