Bain to Target Assisted Living, Memory Care in New $1.5B Fund

The senior housing portion of private investment firm Bain Capital’s new $1.5 billion, Harvard University-backed real estate fund will likely include new investments in assisted living, memory care and active adult developments with help from existing partner Capitol Seniors Housing. The fund, which recently surpassed its original billion-dollar goal, will focus on real estate classes […]

Transactions & Financings: JLL’s $2B HFF Acquisition Approved; Presbyterian-Westminster Merger Called Off

JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]

Nonprofit Senior Living Provider, Health System Team Up on New Developments

An Iowa senior housing and care nonprofit is joining forces with a local health system on the development of a new senior living entity, branded as WellSpire. Johnston, Iowa-based WesleyLife and Davenport, Iowa-based Genesis Health System are collaborating on the venture, starting with the creation of a new community in Bettendorf, Iowa. The $45 million […]

Bain Capital’s New $1.5B Real Estate Fund May Target Senior Housing

Private investment firm Bain Capital has raised $1.5 billion for a new Harvard University-backed real estate fund that could include senior housing among its targeted property types. Harvard is one of the fund’s biggest backers, according to Bloomberg. The fund will focus on real estate classes such as senior housing, self-storage, life science and labs, […]

10 Ideas Shaping the Future of Senior Living Development

Buildings designed to promote wellness, ambitious urban communities, clusters of small homes created with cutting-edge tech  — and even senior living at sea. These are among the ideas shaping the future of senior living development, as revealed earlier this year at Senior Housing News’ inaugural BUILD event. With the Fourth of July fast approaching, we’re […]

Transactions & Financings: Senior Living Communities’ $35M CCRC Acquisition; Sunrise Acquires New Jersey Site

Senior Living Communities acquires South Carolina CCRC Senior Living Communities acquired Wildewood Downs, a 248-unit continuing care retirement community in Columbia, South Carolina, for $35 million. The community will be operated by a SLC affiliate. The acquisition was financed by a $32.7 million loan from National Health Investors (NYSE: NHI), and includes capital expenses for renovations. The loan will have a […]

Singh Combines Multifamily with Senior Housing for Intergenerational Living

In recent years, an increasing number of multifamily real estate developers have entered the senior living space, drawn by the promising demographics and “recession-proof” product. But Singh, a family-owned developer based near Detroit, was ahead of the curve in diversifying into senior living and is now leveraging its capabilities in new ways. Founded in 1973 […]

These Markets are Senior Housing Construction Hotbeds

A handful of primary and secondary U.S. markets continue to experience elevated senior housing construction, at a time in the ongoing building cycle where absorption is catching up to inventory nationally. This was one of the top takeaways from a webinar Thursday hosted by National Real Estate Investor (NREI) featuring National Investment Center for Seniors […]