One of the nation’s largest home care companies soon could be a leading, innovative senior living brand as well. BrightStar Senior Living is planning a five-year, 100-property pipeline of assisted living communities to be built and operated through a franchising format—which the company has used to grow its longtime home care business. Since its founding […]
Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to increase its involvement in the private pay retirement community sector […]
Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]
Housing is a major and growing concern for America’s aging population, and a federally funded help line for older adults already is fielding many calls about senior living options. In 2014, seniors nationwide made more than 271,200 requests for assistance from the Eldercare Locator, a referral service providing information about care resources available in communities around the […]
Lancaster Pollard Closes Over $136M Senior Housing Transactions in May In May, Lancaster Pollard closed 21 seniors housing transactions totaling over $136 million. One of the transactions was a $23.5 million FHA Sec. 232 new construction loan for an assisted living/Alzheimer’s care facility in Virginia. Two of the transactions were FHA Sec. 232/241(a) expansion projects […]
Armed with a five-year, $5 billion development pipeline, it is clear that developer Mainstreet is betting big on its vision to transform the traditional post-acute skilled nursing facilities of days past. But this quest is not one the company is undertaking alone. The Carmel, Ind.-based Mainstreet has entrusted few operating partners with carrying out its […]
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have closed their previously announced portfolio acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residences for $847 million. Brentwood, Tennessee-based Brookdale has operated the portfolio, which includes 5,025 units, since 2011 after its acquisition of Horizon Bay, and will continue to manage the […]
Windward Health Partners’ Portfolio Company Sells Texas ALF Tampa-based private investment and holding company Windward Health Partners recently announced that its portfolio company, RWS Healthcare, has sold The Arbor Assisted Living Facility in Nacogdoches, Texas. Prevarian Senior Living, a developer and operator of assisted living communities in Texas, Florida, Oklahoma and Arizona, purchased The Arbor for […]
Sunrise Senior Living is once again building new properties from the ground up. After a period of inactivity, the company announced the opening of a community in the Bay Area last week, with others set to open in Ohio and Southern California in the coming months. The new developments are part of a “measured, rifle-shot” […]
With interest rates likely to rise and some major players shifting their approach to skilled nursing, health care real estate investment trusts are facing potential challenges and decision points. National Health Investors (NYSE: NHI) certainly is no exception. NHI has recently increased its involvement in CCRC ownership and expansion through a $154 million partnership with […]
