Sabra Evaluating $1 Billion Acquisition Pipeline But Prices Still ‘Unreasonable’

Following an eventful 2018 that included the bankruptcy of a major skilled nursing tenant, Sabra Health Care REIT (Nasdaq: SBRA) anticipates a quieter 2019 that is focused on fundamentals. Specifically, the Irvine, California-based real estate investment trust will be pushing to de-lever the balance sheet and secure acquisitions, CEO Rick Matros said Monday on a […]

Operator English Meadows Pursues Expansion Plans, Strikes Sale-Leaseback with LTC

English Meadows Senior Living is in growth mode and has gotten off to a quick start striking deals in 2019. Last week, the Christianburg, Virginia-based owner-operator acquired Mountainside Senior Living Communities, an affordable assisted living and memory care community in Crozet, Virginia. On Monday, Westlake Village, California-based health care real estate investment trust (REIT) LTC […]

Transactions & Financings: Cushman & Wakefield’s $49 Million Portfolio Sale; Capital One’s $38 Million Construction Loan

Cushman & Wakefield brokers $48.5 million South Carolina assisted living portfolio sale Cushman & Wakefield Senior Director Paul Carr, Director David Kliewer and Executive Director Allen McMurtry represented Graycliff Capital Senior Housing in the $48.4 million sale of three assisted living and memory care communities in South Carolina’s upstate region. The buyer was Birmingham, Alabama-based […]

Transactions & Financings: $120M Bond Financing for Spires at Berry College; NHI Acquires Holiday Community

The Spires at Berry College closes $120 million bond financing package The Spires at Berry College closed a $119.7 million bond financing deal, which will be used to fund the entirety of construction costs for the life plan community on the campus of Rome, Georgia-based Berry College.The tax-exempt bonds include $81.9 million underwritten by Ziegler […]

Acts Gains Regional Scale, Memory Care Expertise with Integrace Affiliation

One of the nation’s largest not-for-profit senior living providers, Acts Retirement-Life Communities, will be extending its reach into a new region through an affiliation with another not-for-profit provider, Integrace. The two organizations announced the planned affiliation on Monday. The affiliation is set to close on May 1, 2019. Based in West Point, Pennsylvania, Acts operated […]

Transactions & Financings: Ventas’ $1 Billion Paper Note Program, Welltower’s $400 Million MOB Acquisition

Ventas Announces $1 Billion Commercial Paper Note Program Ventas (NYSE: VTR) established an unsecured paper note program in the U.S. Unsecured notes are loans that are not backed by an issuer’s assets. Instead, they are supported only by the borrower’s creditworthiness, and have a higher rate of return. The program allows the Chicago-based health care […]

Long-Term Care, Assisted Living Drove Record Health Care Deal Volume in 2018

A record-setting year for deal volume further confirms senior housing is now an institutional-grade real estate product type. Long-term care and assisted living deal volume paced a 14.4% increase over 2017, according to PricewaterhouseCooper’s (NYSE: PWC) year-end U.S. Health Services Insight report. There were 285 health care transactions last quarter, with long-term care accounting for […]

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 […]