Senior Living Core Deals See Momentum, Value-Add to Follow

Senior living capital markets are stabilizing, six months after the coronavirus pandemic forced lenders to the sidelines and created an environment of “peak volatility.” Lenders returning to the space are chasing core deals, while value-add deals are harder to complete. But a historically low interest rate environment, coupled with stabilizing expenses, may help facilitate value-add […]

52% of Senior Housing Leaders Say Operating Expenses Will Be Permanently Higher

A majority of senior living professionals believe that the Covid-19 pandemic will result in permanently higher operating expenses. That’s according to the 2020 Seniors Housing Investor Sentiment Survey from National Real Estate Investor and the National Center for Seniors Housing & Care (NIC). This year’s survey garnered responses from 167 participants from a range of […]

Healthpeak Bullish on CCRCs But Negotiating Potential Senior Housing Sales

Healthpeak Properties (NYSE: PEAK) offered its strongest indication to date that it is looking to trim from its senior housing operating portfolio (SHOP) and triple-net senior housing segments in order to maintain its status as a blue-chip real estate investment trust. Leadership has entertained inquiries in recent weeks from private equity firms interested in buying […]

Transactions & Financings: Maxwell Group’s $37M Financing; 2 New York Assisted Living Communities Trade Hands

Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in Montgomery, Alabama; The Crossings at Iron Bridge in Chester, Virginia; and The Chamberlain in Hampton, Virginia. Cushman & Wakefield advises on $37.1M financing for South Carolina assisted living community Cushman […]

Inside Greystar’s New Middle-Market Active Adult Brand and Expansion Plans

Greystar Real Estate Partners has become one of the foremost names in the fast-growing active adult rental sector in recent years, and now the development and management company is expanding in new directions with the launch of its more moderately priced Album brand. Charleston, South Carolina-based Greystar is the largest U.S. operator of multifamily apartments […]

$221M Package Refinances Most of Brookdale’s Near-Term Debt

Brookdale Senior Living (NYSE: BKD) made another move to shore up its financial position during the coronavirus pandemic. The Brentwood, Tennessee-based owner and operator on Thursday announced it obtained a 10-year, $221 million refinancing package for the majority of its outstanding 2020 and 2021 debt maturities. The refinancing was provided by Newmark Knight Frank (Nasdaq: […]

New Senior Living Brand Elevate Blends Neighborhood, Middle-Market Concepts

A new senior living brand is marrying small-neighborhood concepts with more compact designs to make assisted living and memory care more affordable for residents. American Healthcare Management Group is forging ahead with the new assisted living and memory care brand called Elevate. At its core, the concept is meant to be significantly smaller in size […]

What Private Equity Looks for in Senior Living Partners Amid the Pandemic

While the coronavirus pandemic has caused some private-equity investors to slow down and reevaluate their investments in the senior housing industry, there are still plenty of opportunities for new deals to be made. But forging those deals will likely take close alignment between operators, owners and investors — and senior living companies should come to […]

Transactions & Financings: Brookdale Closes $250M Credit Facility; Lancaster Pollard’s $58M Deal Volume

Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]