HJ Sims Arranges Closing of $15 Million Loan for Life Plan Community in Atlanta HJ Sims recently facilitated the closing of a $15 million revolving pre-development financing for a life plan community in Atlanta, Georgia. The community—Lenbrook—anticipates incurring up to roughly $15 million in pre-development costs for a planned expansion. The pre-development costs will mainly […]
Category: Finance & Development
Two-year-old provider Charter Senior Living plans to more than double the size of its portfolio in the next three years by switching its focus from acquisitions to ground-up developments. This means that, ideally, Charter will have 30 communities that it owns, leases or manages on a third-party basis by 2021, Keven Bennema, the founder, president and CEO […]
A Montreal-based firm has plans to rapidly scale up its U.S. senior living operations, after agreeing to take over management of a dozen properties from Brookdale Senior Living (NYSE: BKD). Real estate investment trust (REIT) Welltower (NYSE: WELL) first announced in June plans to scale back its Brookdale portfolio and divvy up dozens of Brookdale-managed properties to other operators. […]
Private equity giant Apollo Global Management plans to invest further in senior living after acquiring a portfolio of 22 properties currently managed by Brookdale Senior Living (NYSE: BKD), a person with knowledge of the deal told Senior Housing News. New York City-based Apollo is an alternative investment management firm that currently has about $247 billion […]
Wednesday, August 15 1 P.M. to 2 P.M. Central Time Register Now With 2019 quickly approaching, what can you do to get ahead of the curve when planning for future capital expenditures? Join us for this complimentary webinar and learn about trends in capital planning for senior living owners, operators and developers. In this session, […]
Leisure Care has entered into a period of steady growth, with a plan to bring its hospitality-driven brand of senior living communities to new markets across the East Coast and elsewhere. The Seattle-based senior living operator is teaming up with partners including Columbia Pacific Advisors to identify new U.S. markets for development opportunities. The company is […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Virginia Life Plan Community Updates Plans for $140 Million Expansion Harbor’s Edge, a life […]
Despite doing more joint ventures lately, LTC Properties (NYSE: LTC) is still a firm believer in the value of triple-net leases, CEO Wendy Simpson emphasized Thursday on a Q2 2018 earnings call. The topic of triple-net versus RIDEA has been much discussed in recent weeks, as publicly traded companies have announced their second quarter earnings. […]
A vocal activist shareholder with Brookdale Senior Living (NYSE: BKD) has some choice words for the company’s leaders, and is once again seeking to convince them to unlock more value from its real estate through asset sales. Stamford, Connecticut-based Land and Buildings Investment Management LLC wrote in its latest open letter to shareholders that Brookdale’s […]
Five Star Senior Living (Nasdaq: FVE) is mulling the future of some of its communities’ skilled nursing units as industry headwinds continue to batter the company’s bottom line. Occupancy at the Newton, Massachusetts-based operator’s owned and leased senior living communities was 81.4% for the second quarter of 2018, a 170 basis-point decrease from the 83.1% […]
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