This coverage of the 2016 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN brings this on-the-spot reporting from the NIC conference, which […]
Category: Finance & Development
Those who believe senior housing needs more high-quality operators might welcome a new entrant helmed by a former executive with industry giant Brookdale, backed by an investment firm with bona fides in the sector. Nashville-based Vitality Senior Living currently is pursuing new development in several markets in the Midwest, Northeast, and Southeast, and expects to […]
This week on Senior Housing News, readers learned about BMO Harris Bank’s new group focused on senior care, as well as the project that won the Best of Stand-Alone Memory Care award in the 2015 SHN Design Awards. They also tuned in to see how artwork can benefit senior living communities. Here in the newsroom, […]
A new health care real estate investment trust (REIT) from private investment management firm CNL Financial Group has been declared effective by the Securities and Exchange Commission (SEC). The new REIT, CNL Healthcare Properties II, can begin its initial public offering stock of up to $2 billion in common stock. CNL Healthcare Properties II, based […]
(The Arlington of Naples Retirement Community in Naples, Fla. – Photo courtesy of Lutheran Life Communities) Construction: Planned Primrose Retirement Communities Plans Ark. Assisted Living, Memory Care Project Aberdeen, S.D.-based Primrose Retirement Communities, LLC, this week announced plans to begin construction on a 98-unit assisted living and memory care community in Rogers, Ark. Primrose is inviting […]
$569 Million Joint Venture Sale of Florida Senior Housing Portfolio Closed by HFF Holiday Fenolglio Fowler, L.P. (HFF) closed a $569 million sale of a six-property seniors housing portfolio in Florida, known collectively as Aston Gardens. The sale was a joint venture between health care real estate investment trust (REIT) Welltower Inc. and Canada Pension Plan […]
A major senior housing lender says it’s poised for growth following a fresh investment from its parent company. RED Capital Group, LLC is now wholly owned by Dallas-based ORIX USA Corporation, whose ownership of RED officially grew from 88% to 100% on Feb. 22. ORIX, which offers investment capital and asset management services to clients in […]
After a shaky start to the year, investors are not cutting senior housing real estate investment trusts (REITs) any slack. But with significant ups and downs across the stock market in 2016 so far, REITs are starting to see some gains once more amid a mixed economic environment. The big three health care REITs in […]
The senior housing sector has a powerful new capital source. BMO Harris Bank is launching a new senior care-focused group headed up by industry veteran Imran Javaid, with plans to deploy $1 billion to $2 billion over the next several years. BMO Harris has been providing financing to the senior housing and related health care […]
Welltower Completes $700 Million Senior Unsecured Note Offering Toledo, Ohio-based Welltower Inc. (NYSE: HCN) has successfully completed its offering of $700 million in aggregate principal amount of 4.25% senior unsecured notes due April 1, 2026. The notes were priced at 99.227% of their face amount to yield 4.345%. “This transaction demonstrates Welltower’s disciplined approach to […]