Real Estate Firm Waterton Acquires Controlling Stake in Pathway to Living

Waterton, a Chicago-based commercial real estate investor and operator, has bought a controlling interest in senior living developer and provider Pathway to Living. Also based in Chicago, Pathway’s portfolio consists of 32 properties across the Midwest, totaling 2,900 units. Financial terms of the deal were not disclosed. The deal deepens the relationship between two firms, […]

Active Adult Overtakes Memory Care In the Eyes of Investors

Active adult is gaining momentum with senior housing investors, but the asset class has one final obstacle in the way of becoming the most sought-after product type. Active adult has surpassed memory care as an investment focus and trails only independent living as the most popular senior housing product type, according to the 2019 Senior […]

Transactions & Financings: HFF Facilitates Bridge-Somerby Deal, NHI Acquires Senior Living Campus

HFF Completes Sale, Financing of Somerby Senior Living Portfolio Holliday Fenoglio Fower (HFF) completed the sale and financing of a nine-property senior housing portfolio, totaling 1,558 units, in the Southeastern U.S. HFF marketed the property on behalf of the seller, Dominion Partners, acting on behalf of its affiliated partner, Somerby Senior Living. Bridge Investment Group purchased […]

Pursuing Cautious Growth, American House Inks Deals With ReNew, Black Salmon

Changes are afoot at American House Senior Living Communities. The Bloomfield Hills, Michigan-based senior living owner and operator has sold a portfolio of properties to ReNew REIT and is forging ahead with an expansion plan that includes development and acquisitions with a variety of partners — including at least one project with a new investor […]

Somerby Acquisition Gives Bridge Investment a Potential National Operating Platform

Orlando, Florida-based Bridge Investment Group expanded its senior housing portfolio earlier this week with the acquisition of both the real estate and operations of Somerby Senior Living. The acquisition was completed through Bridge Seniors Housing Fund Manager, a $1 billion fund Bridge raised last year. Prior to the deal, Birmingham, Alabama-based Somerby owned and operated […]

Transactions & Financings: New Senior Issues Fortress Affiliate $40 Million In Stock, NHI Lends $180 Million

New Senior Investment Group Issues Fortress Affiliate $40 Million in Series A Preferred Stock New Senior Investment Group (NYSE: SNR) filed an 8-K form with the Securities and Exchange Commission (SEC) indicating the New York City-based real estate investment trust (REIT) issued 400,000 shares of Series A Preferred Stock to FIG LLC, an affiliate of Fortress Investment Group (NYSE: […]

Welltower, CNL Healthcare Properties Ink $1.25 Billion MOB Deal

Welltower (NYSE: WELL) ended 2018 with $1 billion in off-market acquisitions and a $300 million influx of Qatari capital. Two days into the new year, the Toledo, Ohio-based real estate investment trust (REIT) announced it has another blockbuster deal in the works. Welltower is to acquire a portfolio of 55 medical buildings from CNL Healthcare […]

Omega Enters 2019 With $600 Million MedEquities Acquisition

After a year spent streamlining its portfolio and operations, Omega Healthcare Investors (NYSE: OHI) rang in 2019 by adding nearly three dozen new assets, including some senior housing. The real estate investment trust (REIT) did so by acquiring Nashville, Tennessee-based MedEquities Realty Trust (NYSE: MRT) in a $600 million cash-and-stock transaction. Once a pure skilled […]