In the first quarter of 2016, private equity buyers finally got their foot in the door—and then some—after a period of being largely shut out of deals. “This was the quarter of private equity,” CBRE National Senior Housing Executive Vice President Lisa Widmier told Senior Housing News. Private investment in senior housing has doubled since […]
Category: Finance & Development
(Photo of view from Kalākaua Gardens located in Honolulu, Hawaii — Photo courtesy of Kalākaua Gardens) Construction: Planned Pinkard Construction Plans Mixed-Use Senior Community, Aurora, Colo. One of three housing projects that were awarded federal and state Low Income Housing Tax Credits by the Colorado Housing and Finance Authority is planned to be a mixed-use […]
Too rich for affordable seniors housing, too poor for market-rate seniors housing—the predicament is widespread, but the senior housing options for these older adults are not. Now, there’s an emerging consensus as to how middle-income seniors housing communities should be run: think less like a Ritz-Carlton, and more like Southwest Airlines, experts say. The middle […]
Ziegler Closes $110.96 Million in Financing for Epworth Living at The Ranch Chicago-based speciality investment bank Ziegler announced the closing of the $110.96 million, unrated, tax-exempt, fixed-rate Series 2016 Bond issue for Epworth Living at The Ranch, a nonprofit continuing care retirement community (CCRC) in Stillwater, Oklahoma. The Ranch will have 23 independent living villas, […]
Class B seniors housing properties tend to sell for lower amounts per unit than Class A senior housing properties, which, by definition, have a higher asset quality, better operational performance and are in a more desirable physical location. Class A properties, in fact, sold for about $248,500 per assisted living unit and $243,300 per independent […]
As investors have continued to debate the risks associated with skilled nursing operations, the latest quarterly data paints a mixed picture. Occupancy increased through the first two months of 2016, but the impact of tightening managed care rates continued to be felt by providers. Occupancy reached 83.4% as of the end of March, having risen […]
MidCap Financial, a speciality finance firm that has provided debt solutions to a broad array of senior housing companies, has added an FHA lending platform for the first time by acquiring Pineview Capital Group. The transaction comes at a time when FHA transactions are expected to be on the upswing. Bethesda, Maryland-based MidCap Financial is focused […]
ABHOW, be.group Complete Merger American Baptist Homes of the West (ABHOW) and be.group have completed their merger and will now be part of holding company Cornerstone Affiliates. The previously announced deal was approved by regulators early last month. The merged companies form California’s largest nonprofit senior living provider and the nation’s sixth-largest such organization. The […]
(Rendering of Sonata West Orange located in Winter Garden, Fla. — Photo courtesy of Three: Living Architecture) Construction: Planned Senior Living Community in North Carolina to Break Ground Next Month A new senior living community in Mount Pleasant, N.C. is scheduled to begin construction on its first phase in July. South Bay at Mount Pleasant, […]
Ziegler Closes $34.49 Million Bond Issue on Behalf of UMRH Chicago-based speciality investment bank Ziegler announced the successful closing of the $34,485,000, tax-exempt, fixed-rate Series 2016A Bond issue on behalf of The United Methodist Retirement Homes (UMRH). UMRH, a Life Care Services partner since 2000, is a multi-site operator of three continuing care retirement communities […]
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