IPA Closes Record Sale of 33 SNFs in Texas Institutional Property Advisors (IPA), a division of Marcus & Millichap that specializes in serving institutional and major private real estate investors, sold 33 skilled nursing facilities (SNFs) in South Central Texas. The transaction is the largest seniors housing sale on record in the state, according to […]
Category: Finance & Development
Ongoing troubles for HCP Inc. (NYSE: HCP) may have reached a critical level, making the major owner of senior housing real estate a prime takeout target—with rival Ventas Inc. (NYSE: VTR) perhaps being the most likely buyer. At least, that’s a scenario some analysts are presenting as a possible outcome for the Big Three REIT. […]
Construction: Planned Autumn Senior Living, Lindell Investments Plan $24 Million Community in Fla. Gulf Coast assisted living developer Autumn Senior Living and Lindell Investments, a Tampa-based real estate developer, have finalized plans to begin construction on a new assisted living and memory care campus in the Tampa suburb of Westchase, Florida. Autumn of Westchase is […]
Oversupply concerns may have finally caught up with the seniors housing market and slowed construction—and that may be good news for keeping the sector in balance, as it currently is seeing occupancy slip amid surging growth in inventory. The average occupancy rate for seniors housing properties in the first quarter of 2016 fell 10 basis […]
NHI Announces $14 Million Construction Mezzanine Loan National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments, has entered into a construction mezzanine loan commitment with its tenant, Senior Living Communities, LLC (SLC), for the development of […]
Senior housing companies can be quick to paint entire states with a broad brush—especially when the conversation turns to oversupply. But that’s a mistake, according to some experts. “I think it’s shortsighted,” Senior Living Investment Brokerage (SLIB) Managing Director Matthew Alley told Senior Housing News. Alley has heard his fair share of oversupply talk in […]
To find a robust selection of retirement communities, better head to Pennsylvania, Ohio or California. That’s because of 1,954 life plan communities (also called continuing care retirement communities, or CCRCs) scattered across the country, 197 are located in Pennsylvania, 150 in Ohio and 133 in California, according to a report from Chicago-based specialty investment bank Ziegler. […]
(Project rendering of HarborChase of the Park Cities, a Silverstone Healthcare Company senior living community in Dallas, TX) Construction: Planned Berry College Announces Name for New CCRC Berry College, a school that is planning to build a continuing care retirement community (CCRC) in Mount Berry, Ga., this week announced that it has chosen a name for […]
Last year, the Florida Legislature passed a bill that served as a model for increasing oversight and accountability without unduly burdening assisted living providers. Now, the state again passed a stage-setting measure to uniformly update fire safety codes in assisted living communities, allowing for modernization in new construction. The legislation, sponsored by Sen. John Legg […]
Meaningful headwinds are currently impacting skilled nursing facility (SNF) operators, with little chance of abating any time soon. Still, there’s scarce reason to expect sector-wide bankruptcies, as occurred less than 20 years ago. And despite its recent downward revision of HCP Inc.’s (NYSE: HCP) rating outlook, most health care real estate investment trusts (REITs) remain […]
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