Though Capital Senior Living’s (NYSE: CSU) move-ins for the first quarter of 2018 were the company’s best-ever, occupancy still took a hit. That’s according to CEO Larry Cohen, who spoke about that and some of the company’s ongoing initiatives during the Dallas-based senior living operator’s first-quarter 2018 earnings call Tuesday. Capital Senior Living currently has 129 […]
Category: Finance & Development
Ventas (NYSE: VTR) shares have been surging since the company announced its quarterly earnings last Friday, and its CEO Debra Cafaro received effusive praise from CNBC’s Jim Cramer during a Monday night appearance on his show Mad Money. “This was the quarter that we’ve all been looking for, all of the objections have been answered,” […]
Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]
Though many senior living providers have wellness or mindfulness initiatives, the Kendal Corporation could take the practice a step further with a community planned around the zen concept of “living lightly on the land.” The Kennett Square, Pennsylvania-based nonprofit is teaming up with senior housing developer Greenbrier and the San Francisco Zen Center to open a new “zen-inspired” senior living […]
The acquisition of HCR ManorCare by nonprofit health system ProMedica could be a sign of things to come for senior housing and care. Specifically, health systems and managed care organizations are increasingly seeing the value in owning senior living and skilled nursing providers, and they could become more active buyers in the future—particularly if this […]
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 Artis Senior Living to Open Ohio Memory Care Community Artis Senior Living has purchased a […]
Welltower Inc. (NYSE: WELL), one of the largest owners of senior housing properties in the United States, has reached an agreement to acquire another major player in the sector, Quality Care Properties (NYSE: QCP), in a $1.95 billion all-cash deal. Under this deal, Welltower will own the real estate of major post-acute provider and former […]
Lendlease, an international property firm and a major player in Australia’s senior housing market, has inked a roughly $301 million deal to build a 900-unit retirement community in Shanghai. The Sydney, Australia-based company, which owns a portfolio of more than 70 retirement communities in Australia, has completed about 300 real estate projects in China since the 1990s. But […]
KeyBank Originates Financing for Chicago Pacific Founders Acquisition KeyBank Real Estate Capital recently originated the $14.4 million Fannie Mae financing for Chicago Pacific Founders’ purchase of Parkrose Estates Retirement Community, a 100-unit senior housing community in Liverpool, New York. Charlie Shoop of Key’s Commercial Mortgage Group arranged the financing, which provided a low-cost, floating-rate loan with […]
Nearly $1.62 billion could soon make its way into the U.S. senior housing market with the help of a new fund from Kayne Anderson Capital Advisors. The Los Angeles-based alternative investment firm has not yet closed its latest real estate fund, though it is in the process of doing so, a person familiar with the […]
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