Transactions & Financings: Avamere Enters Arizona; Northbridge Buys New England Portfolio

Northbridge Senior Housing acquires 8-property New England senior housing portfolio Northbridge Senior Housing, through its Northbridge Strategic Housing Fund II, received acquisition financing for an eight-property senior housing portfolio in New England, totaling 565 units.The properties in the portfolio are: – Avita of Brunswick in Brunswick, Maine– Avita of Stroudwater in Westbrook, Maine– Avita of […]

Possible Presbyterian Senior Living, Westminster Merger Would Create Fifth-Largest Nonprofit Provider

Presbyterian Senior Living and Westminster Communities of Florida are considering a merger that would result in a combined not-for-profit organization with 54 communities, serving about 13,000 seniors across the full continuum. With a unit count over 7,100, the merged entity would rank as the fifth-largest not-for-profit senior housing and care organization in the nation, going […]

Transactions & Financings: Welltower’s San Antonio Portfolio Buy; SunTrust’s $69M Financing

Welltower acquires San Antonio senior living portfolio Toledo, Ohio-based health care real estate investment trust (REIT) Welltower (NYSE: WELL) acquired a two-building senior housing portfolio in San Antonio, Texas, totaling 335 units. The seller was Dallas-based senior housing developer, South Bay Partners.The two adjacent buildings, Watercrest at Dominion (230 units) and Isle at Watercrest Dominion […]

Transactions & Financings: AllyAlign’s $10M Funding Round; $201M Financing for Harbor’s Edge

AllyAlign Health closes $10M funding round AllyAlign Health, a developer and administrator of Medicare Advantage (MA) special needs plans benefiting long-term care providers, closed a $10 million strategic funding round, led by McKesson Ventures, as the Richmond, Virginia-based firm looks to expand. And senior living is in its sights, AllyAlign President President Amy Kaszak told […]

Transactions & Financings: Lutheran Senior Services’ $92M Bond Financing; CBRE’s $61M Loan

HJ Sims arranges $92 million bond financing package for Lutheran Senior Services HJ Sims completed a $92.4 million refinancing package for Lutheran Senior Services (LSS). The proceeds will fund an expansion to LSS’ Mason Pointe community in Chesterton, Missouri, as well additional planned capital improvements at other communities within its portfolio.HJ Sims identified bonds that […]

Hickory Senior Living Acquires 10-Property Portfolio to Enter Alabama

A senior housing portfolio made up of 10 communities in the U.S. Southeast has a new owner/operator. The portfolio includes eight properties in Alabama, one in Mississippi and another in Tennessee, according to the firm that arranged the sale, Blueprint Healthcare Real Estate Advisors. The seller was Cottage Senior Living, a family-owned senior living provider […]

Transactions and Financings: Acts Completes Integrace Affiliation; Avamere’s New Acquisition

Acts, Integrace complete affiliation Acts Retirement-Life Communities completed its affiliation with Integrace and its family of communities throughout Maryland this week. The affiliation brings together two nationally recognized names in the senior living industry under shared leadership and governance. The affiliation was first announced in January.The affiliation gives West Point, Pennsylvania-based Acts entry into the […]

Transactions & Financings: Revera’s Tech Investment; KeyBank Lends $159 Million for Acquisitions

KeyBank provides $159 million in acquisition financing to ReNew Investors KeyBank Real Estate Capital Senior Vice President Laura Conway and Senior Vice President Brandon Taseff arranged over $159 million in financing to ReNew Investors and affiliated entities, for the acquisition of eight senior housing communities in Michigan, Pennsylvania and Virginia. The acquisitions were made over […]

Bridge Seniors Housing CEO Chapin: Acquisition Prices Very Concerning

Having recently acquired an operating company, private equity firm Bridge Investment Group also plans to expand its portfolio of senior housing communities managed by third parties — although current high M&A prices are a concern. “We’ve seen pricing continue to get richer and richer and it is very concerning to us,” Bridge Seniors Housing Fund […]

3 Reality Checks for Active Adult Development

Active adult is one of the most in-demand real estate product types at the moment, but investors and developers need to do their due diligence if they want these to be successful investments. Active adult is growing in popularity with investors because it does not have a health care component found in other senior housing […]