CareTrust REIT Purchases Texas Portfolio for $96 Million CareTrust REIT (Nasdaq: CTRE), a senior housing and health care real estate investment trust (REIT), has acquired three skilled nursing facilities (SNFs) and one skilled nursing campus in the Dallas-Forth Worth area for approximately $95.9 million. In connection with the transaction, CareTrust entered into a new tenant […]
Category: Finance & Development
(Rendering of Terramor located in Temescal Valley, California —photo courtesy of Foremost Companies) Construction: Planned Florida CCRC Plans $35 Million Expansion Project A continuing care retirement community (CCRC) in Palm Beach Gardens, Florida, La Posada, will undergo a $35 million expansion and renovation project in the new year. The expansion includes the addition of a […]
It’s official—beginning early next year, senior housing companies will have an easier time securing financing through the U.S. Office of Housing and Urban Development (HUD). HUD on Tuesday announced it has finalized its latest handbook for the Section 232 Healthcare Mortgage Insurance Program. This latest handbook contains some new rules that directly impact the senior housing […]
The highly anticipated start to 2017 is almost here and with a new Presidential administration stepping in, all industries are bound to be impacted, including senior housing. In the new year, many changes are expected to take hold in the industry, specifically around pricing, transaction volume and financing, according to experts who spoke on a Senior Housing News […]
Over the last 12 months, senior living owners and investors have seen big deals, small deals, joint ventures and REIT spinoffs. With talk of oversupply in certain regions, interested investors are taking a close look at opportunities. Deal volume is down from previous years, but a few blockbuster transactions have grabbed headlines in late 2016. […]
Arcapita Acquires $200 Million in Senior Living Properties in 2016 Global investment firm Arcapita acquired a privately-held senior living portfolio of three properties for $110 million in the metro areas surrounding Washington D.C. and Atlanta. The properties will be managed by an affiliate of The Arbor Company. The portfolio brings Arcapita’s total investment in the […]
Overbuilding concerns have plagued the senior housing industry as of late, with new competition recently challenging the likes of Brookdale Senior Living (NYSE: BKD) and Five Star Senior Living (Nasdaq: FVE). But come January, these woes may subside. Under the Trump Administration, the United States is likely to experience higher interest rates and rising inflation—which could directly […]
Construction: Planned Formation Development Group Plans Two Senior Living Communities Atlanta-based developer and investor, Formation Development Group will begin construction soon on two new senior living projects. The first will be a 180-unit community with a mix of independent living, assisted living and memory care units, located in Cranberry Township, Pennsylvania. The community will be constructed on […]
Chinese investors have played major roles in recent blockbuster senior housing deals in the United States, and now the action is spreading north of the border. Beijing-based Anbang Insurance Group is poised to buy a majority stake in Vancouver-based Retirement Concepts for a reported $744 million. While confirming the deal is underway, Retirement Concepts has […]
CBRE Secures Millions in Loans for The Waters Senior Living CBRE National Senior Housing Vice Chairman Aron Will recently arranged acquisition financing on behalf of a joint venture between Minnetonka, Minnesota-based senior living developer/owner/operator The Waters Senior Living and an institutional client for The Waters of Edina, a 139-unit, Class A assisted living and memory care […]
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