The senior housing industry is engaged in a “Goldilocks” period of growing rates and margins, according to leaders with American Healthcare REIT (NYSE: AHR). The industry is seeing a period of historically low construction starts and high demand according to Brian Peay, chief financial officer of American Healthcare REIT. For the company’s operating partners, including […]
Category: Finance & Development
Alder View Capital and NewPoint Real Estate Capital have merged in what newly-appointed NewPoint CEO Nick Gesue called a strategic integration for a full-service senior housing and care lending and advisory platform. The move brings together Alder View’s advisory experience and NewPoint’s lending suite of services, with the goal of expanding senior housing lending and […]
Transactions American Healthcare REIT acquires four communities Cogir Management and American Healthcare REIT have expanded their relationship with the acquisition of four more communities in Washington. According to a press release, the portfolio consists of 207 assisted living and memory care units and allows Cogir to operate in Washington, California, Utah and North Carolina for […]
Financings CFG closes on $185M construction loan for Erickson Capital Funding Group (CFG) announced on Sept. 4 that it closed on a $185 million construction loan on behalf of Erickson Senior Living. According to a press release, the financing will support the first phase of construction for The Grandview, a continuing care retirement community currently […]
Thrive expands Texas footprint Thrive Senior Living will be opening a new community in Tarrant County, Texas next year. According to a press release, the Encore at Heritage-Glen will feature 50 assisted living suites and 25 suites in a memory care neighborhood. The community is being completed in collaboration with Orison Holdings. Ziegler advises Confluent […]
Private equity firm Kayne Anderson has reportedly closed the first round of a new fund worth $1.53 billion for a seventh flagship opportunistic fund partly targeting senior living communities. The target for the fund, reportedly called Kayne Anderson Real Estate Partners VII, is $3 billion. As it has done before, the firm is planning to […]
Independent living move-in rates in the second quarter of 2024 saw a “noticeable slowdown” compared with the same period in the previous year. The rate of steep discounting is also now higher. According to a new NIC MAP Vision Actual Rates report, discounts between asking rates and initial rates “reached new highs” for all care […]
Management Legend Senior Living grows portfolio to 60 Legend Senior Living announced it has assumed management of Crescent Fields at Huntingdon Valley, bringing its total up to 60. According to a press release, Legend has now added 12 communities over the last 12 months. The transition took place on Aug. 20. Thrive expands Texas footprint […]
Fitch Ratings has set in stone its new rating criteria for new ratings and how it will be monitoring life plan communities (LPCs) moving forward. The agency on Monday said it had made some “notable changes” to its methodology for life plan community ratings, including better defining the major factors it looks at when assigning […]
Financings Atria Newport Beach refinanced secures $52M refinancing JLL Capital Markets announced on Aug. 15 that it secured $52 million in refinancing for Atria Newport Beach in Newport Beach, California. According to a press release, JLL represented the borrower, a partnership between a national real estate investment trust and Atria Senior Living. The community was […]
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