Construction: Planned Erickson Living Opening CCRC in Northern Virginia Baltimore’s Erickson Living is expanding in Fairfax, Virginia. The provider purchased a 78-acre site near George Mason University with plans to open a new continuing care retirement community (CCRC), reports the Baltimore Sun. Benchmark Senior Living Coming to Marlborough, Massachusetts Read More »
Category: Finance and Development
Senior Housing Finance Activity: Capital One’s $551 Million Loan to KAREA
Capital One Provides Loans Totaling $551 Million to Kayne Anderson Bethesda, Maryland-based Capital One has provided two loans—a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility—to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Orlando-based Sentio Read More »
In the Pipeline: Senior Housing Construction Projects (9/14/17)
Construction: Planned Ridge Care Senior Living Expanding to South Carolina Ridge Care Senior Living is moving into The Palmetto State. The provider recently announced its first expansion into South Carolina with its new 100-unit Arbor Landing at Pawleys senior living community in Pawleys Island. The opening is Read More »
[Updated] Lancaster Pollard Acquired by ORIX, RED Capital to Change Focus
Lancaster Pollard, which is routinely ranked as the top FHA/HUD senior living lender, has been acquired by ORIX USA, a division of international financial services group ORIX Corporation. ORIX already owns another major senior housing lender, RED Capital. Going forward, senior housing services will be Read More »
Sabra Starts Repositioning Portfolio Following CCP Merger
Sabra Health Care REIT (Nasdaq: SBRA) is making moves following its recently completed mega-merger with Care Capital Properties. Sabra is focused on improving the performance of 16 CCP properties, and the effort could involve rent reductions of $33.5 million. Click here to read more complete coverage on Skilled Nursing Read More »
In the Pipeline: Senior Housing Construction Projects (9/7/17)
Construction: Planned Silverado Plots Memory Care Community in California Silverado Senior Living has plans to build an 82-bed memory care community in Thousand Oaks, California, reports the Thousand Oaks Acorn, a local news website. The Irvine, California-based provider is currently waiting on a zoning change from Read More »
Senior Living Developer Scores Legal Victory in EB-5 Case
An embattled senior living developer has notched a legal victory in a lawsuit involving the EB-5 program for foreign investors. Last June, the SEC filed a lawsuit against Taher Kameli and development groups he created, including Bright Oaks Group, alleging that they had mishandled and/or Read More »
Senior Housing Finance Activity: Lancaster Pollard, Capital One
Trilogy Health Services Refinances SNF and Senior Health Portfolio For $158.4 Million Trilogy Health Services refinanced a portfolio of 10 senior health campuses in Indiana, which offer independent living, assisted living, memory care, rehabilitation and skilled nursing options. The loan, totaling $158.4 million, puts in place a Read More »
In the Pipeline: Senior Housing Construction Projects (8/31/17)
Construction: Planned Smith/Packett Planning $15 Million Community in Virginia Smith/Packett has plans to build a $15 million assisted living community in Roanoke, Virginia. The community, Pheasant Ridge Assisted Living, will open with 90 units, an on-site chef, round-the-clock concierge service and a variety of recreational activities, reports TV Read More »
This Property Type Could Help Solve Senior Housing’s Affordability Problem
It’s no secret that many senior living providers are having trouble attracting “middle market” residents, or people who make enough to support themselves in their own homes but can’t afford a typical community’s monthly fees. But those people may find some relief in a different type Read More »
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