Affordable assisted living: one of the biggest puzzles for the future of senior housing. But there’s a growing demand for this asset class, and with the right financing and development approach in certain U.S. states, this elusive offering might soon become more of a reality. “Right now, there’s a huge population that’s in need of a level of […]
Category: Finance & Development
With some of the major real estate players making moves and taking shots at one another’s skilled nursing assets, one real estate investment trust (REIT) is standing its ground with its own skilled operators and continuing to increase its exposure in the space. Tennessee-based National Health Investors Inc. (NYSE: NHI) is distinguishing itself among its […]
Experience is the name of the game when it comes to senior living dining, and The Clare, a 53-story high-rise continuing care retirement community (CCRC) in Chicago’s Gold Coast neighborhood, spent millions of dollars to provide residents with ultimate dining experiences. In late April, The Clare debuted new dining options to go above and beyond growing […]
Talk of oversupply has permeated the seniors housing industry for months on end, with real estate investment trusts (REITs) and operators alike expressing fears and doubts about the future of the market. Is it possible, though, that seniors housing developers have not been building enough to keep up with demand? The United States will need […]
(Rendering of Landmark Memory Care located in Lafayette, Colo. — Photo courtesy of Landmark Memory Care) Construction: Planned Development of Thrive at Green Island Community Announced Flournoy Development Company of Columbus, Ga. and Atlanta-Based Thrive Senior Living announced their partnership to develop Thrive at Green Island in Columbus, Ga. Flournoy will be the developer for […]
The CEO of Welltower Inc. (NYSE: HCN) had some fighting words this week about the spinoff plans of industry peers, adamantly saying he will never spin off Welltower’s skilled nursing portfolio as long as he is at the helm of the company. “We will not hand you a leaking, steaming bag of real estate and say, […]
Walker & Dunlop, a major financing firm for the senior housing industry, has a new distinction: the largest servicer for HUD multifamily and health care loans in the country. That’s following the purchase of servicing rights associated with a $3.8 billion portfolio from Oppenheimer Multifamily Housing & Healthcare Financing Inc. The transaction involves a purchase […]
HFF Closes Sale of Seniors Housing Community in Florida Dallas-based Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a seniors housing community in Melbourne, Florida, called Sonata at Melbourne. HFF marketed the community on behalf of the seller. Kayne Anderson Real Estate Advisors, a real estate private equity investor in off-campus student […]
HCP Inc.’s (NYSE: HCP) recently announced spinoff of its struggling skilled nursing assets into an independent, publicly-traded real estate investment trust (REIT) is going as planned to unleash HCP’s ‘real’ value, according to CEO Lauralee Martin. “We are on track with that [spinoff],” Martin said during a presentation at National Association of Real Estate Investment Trusts’ […]
An international real estate firm and its real estate investment trust (REIT) partner have unveiled their design plans for a New York City senior housing project, drawing attention to the growing need for assisted living and memory care communities in the country’s largest city. Real estate firm Hines and Welltower Inc. (NYSE: HCN), one of […]
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