At the start of 2025, senior living companies are ready to hit the ground running with new development and construction projects. Lenders are not. The senior living industry is currently in a “transitional phase” for new development, NIC Senior Principal Omar Zahraoui told Senior Housing News earlier this month. New permanent loan volume for senior […]
Transactions Senior Resource Group acquires Atria community Senior Resource Group announced it has acquired Atria Mt. Pleasant, a retirement community near downtown Charleston, South Carolina. According to a press release, the community will be renamed to The Artisan Mt. Pleasant. The community features 168 residences for cottages, independent living, assisted living and memory care options […]
Transactions SLIB sells Pennsylvania SNF Senior Living Investment Brokerage announced its involvement in the sale of Mountain View in Coal Township, Pennsylvania on Dec. 31. According to a press release, the community functions primarily as a 271-bed skilled nursing facility with an additional eight independent living units and a memory care neighborhood. The seller is […]
Conditions in 2025 favor life plan communities more than they did in 2024, according to Fitch Ratings. The ratings agency in December 2024 raised its credit outlook for life plan communities to neutral from a previous outlook of “deteriorating” due to improvements in cost inflation of some goods and services and better staffing conditions. Many […]
Transactions Sonida acquires previously unopened community Sonida Senior Living announced it purchased a senior living community located in Cincinnati, Ohio on Jan. 6. According to a press release, the “upscale and amenitized asset” was completed in 2021 but never opened due to a foreclosure on the construction borrower. The community is located adjacent to Sonida’s […]
Transactions Continuum Advisors sells 37-acre campus Continuum Advisors announced its involvement in the sale of The Oaks at Bartlett, a 283-unit senior housing community near Chicago. According to a press release, the 37-acre campus consists of 10 cottages, 154 independent living apartments, 49 assisted living units, 16 memory care units and 54 skilled nursing units. […]
Brookdale has refinanced more than $300 million of its 2027 debt maturities. The company received a $344 million loan under a master credit facility agreement, and the financing was used to repay variable rate debt due September 2027 while increasing Brookdale’s liquidity, according to a press release issued Monday. The principal amount of the new […]
Transactions 12 Oaks acquires 200-unit community 12 Oaks Senior Living announced its acquisition of West Fork Village, a 201-unit independent living community in Irving, Texas on Dec. 11. According to a press release, the community has been managed by 12 Oaks since 2018 and is the company’s first owned community in “many years.” “This step […]
A senior care tech company aiming to help older adults age at home and in their communities is launching a new effort centered on providing better care for the Asian and Pacific Islander community. The company, Seen Health, recently raised $22 million in Series A funding to build a new Program of All-Inclusive Care for the […]
Transactions Berkadia sells three upscale communities Berkadia announced on Dec. 6 that it sold three upscale assisted living and memory care communities in the Chicago and Milwaukee metropolitan areas. According to a press release, the 306-unit transaction included Heartis of Orland Park, Heartis Village Brookfield and Heartis Village North Shore. Berkadia represented the seller, a […]
