This article is part of your SHN+ subscription If all goes according to plan, senior living operator Galerie Living will “explode” with new growth and business lines in the coming year and beyond, according to CEO Tim Gary. The company’s first and only currently open Corso community, Corso Atlanta, is almost fully occupied with operating […]
Transactions SRG acquires acquires Los Angeles community Senior Resource Group announced on Oct. 1 it acquired Fountainview at Gonda in Playa Vista. The community was previously owned and operated by Los Angeles Jewish Health, according to a press release. Following the acquisition, the community has been renamed to Avocet Playa Vista. Avocet Playa Vista offers […]
Last week, the U.S. Federal Reserve cut interest rates by 50 basis points, lending new cautious optimism for companies looking to grow in 2025. While the bigger impacts of those cuts likely won’t be felt until early next year – and likely not until larger rate cuts down the road – they do offer “psychological […]
Senior living providers continue to weigh core-plus asset deals and distress-driven transactions favorably, as senior living deal activity showed signs of rebounding slightly this year. That’s according to a recent survey and capital markets analysis by Cushman and Wakefield published this week. Of the 90 senior living executives surveyed, nearly half (49%) said they would […]
In order to meet growing demand for senior living, providers will need additional capital partners to enter the space, which could be through single-family offices. That’s according to a recent blog post by Lisa McCracken, the head of research and analytics for the National Investment Center for Seniors Housing and Care (NIC). In the analysis, […]
Transactions Mustang Creek Enterprises acquires sixth community Mustang Creek Enterprises, an assisted living and memory care developer in North Texas, took ownership of its sixth community on Sept. 18. According to a press release, the company closed on the purchase of Mustang Creek Estates of Frisco and took ownership of the community. The community has […]
After a period of strain, the senior housing industry is poised for a coming evolution and growth with strong tailwinds. That’s according to the latest Senior Housing Outlook Report from commercial real estate and financial advisory firm Walker & Dunlop. Capital markets challenges in 2024, particularly high interest rates, and wage growth have contributed to […]
An executive of KKR (NYSE: KKR), a private equity giant involved in the senior living industry, is spearheading a new effort aimed at promoting more employee ownership structures. The executive is Pete Stavros, co-head of global private equity at KKR. In 2019, the company became the capital partner of Waltham, Massachusetts-based Benchmark. The private equity […]
Between demand for senior living and a new interest rate cut, companies in the industry have some things to look forward to in the years to come. But a “funky” supply-demand imbalance is still here to stay for now, as new projects take years to come to fruition. For one, demand is set to push […]
The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points, setting the stage for an uptick in senior living lending and dealmaking. With the Fed’s announcement Wednesday, the U.S. central bank lowered the target range for federal funds to 4.75% to 5%. The Fed had previously held off on enacting rate cuts […]
