Capitol Seniors Housing Buys Historic Seattle Community for $36.3 Million Holiday Fenoglio Fowler (HFF) arranged the sale and acquisition financings for Queen Anne Manor, a Seattle seniors housing community purchased by Capitol Seniors Housing for $36.3 million. Senior Managing Directors Ryan Maconachy and Chad Lavender and associate Sarah Baccich led the HFF team. The seller […]
Category: Finance & Development
The last year was marked by sky-high prices and low cap rates as reported by senior housing real estate investment trusts (REITs) in quarterly earnings calls, and now the numbers prove that perhaps they’ve been holding off on deals with reason. The average price for skilled nursing facilities soared to a new record of $85,900 per […]
(Symphony of Chesterton, a Next Generation facility developed by Mainstreet and operated by Symphony Post-Acute Network in Chesterton, Ind. — Photo courtesy of Mainstreet) Construction: Planned Viamonte Senior Living CCRC Design Plans Approved in Calif. California-based nonprofit Viamonte Senior Living recently received approval from the Walnut Creek Design Review Committee in Walnut Creek, Calif., for […]
Discussion around oversupply in senior housing is nothing new, including back and forth about the reality of the situation. There still is no clear consensus regarding oversupply concerns in the year ahead as health care real estate investment trusts (REITs) report their earnings for the fourth quarter of 2015. Chicago-based Ventas Inc. (NYSE: Ventas) set the stage for […]
Just a few years ago, senior housing companies seeking Federal Housing Administration financing faced exceedingly long wait times, due to an immense backlog. Happily, that backlog is no more—and soon, FHA financing might be secured even more quickly. The FHA is converting its Seattle office from handling multifamily to health care business, meaning more manpower […]
KeyBank Provides $47.7 Million in Financing for Assisted Living Portfolio in Southeast KeyBank Real Estate Capital has arranged a total of $47.7 million of permanent financing for six assisted living facilities managed by Ridge Care Inc. The financing included a 35-year, $38.5-million fixed-rate loan through the FHA 232/223(f) mortgage insurance program, as well as a $9.2 […]
Nestled near the foothills of Rocky Mountain National Park in Colorado is a rehabilitation and therapy center that is making waves as the new standard in the sub-acute marketplace. Through a round of firsts, a familiar developer well known for its hospitality-focused facilities completed PowerBack Rehabilitation, Lafayette—a rapid recovery center that feels more like a hotel […]
There’s no doubt that long-term care financing poses serious challenges, and how to institute comprehensive reforms that expand services and make senior housing and other options more accessible is still up in the air. One group has set out to find those reforms and recently published its first consensus report with recommendations to shift financing […]
This week on Senior Housing News, readers learned how Chicago-based Ventas Inc. (NYSE: VTR) is handling oversupply challenges and discovered the latest Griffin-American real estate investment trust (REIT) as it launched a $3.15 billion initial public offering. Readers also delved into the project that won 2015 Best Repositioning in the SHN Design Awards, and found out […]
Health care REIT Welltower, Inc. (NYSE: HCN) has purchased a majority stake in a portfolio of six seniors housing properties in Florida as part of a $555 million joint venture with Canada Pension Plan Investment Board (CPPIB), a global investment management organization that invests the assets of the Canada Pension Plan. This is the first investment in […]
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