A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]
Category: Finance & Development
Bloomberg News reports emerged Thursday indicating that Ventas, Inc. (NYSE: VTR) has entered a bid for General Electric Co.’s multi-billion dollar health care finance unit. Despite the report, sources with knowledge of the matter tell SHN Ventas is not moving forward in the bidding process. It is company policy not to comment on speculation or rumors related to […]
(Chateau Waters Kitchen and Living Space – Photo Courtesy of Chateau Waters) Construction: Planned Northern Calif. Provider Closes Land Deal for 173-Unit Project Northern California Presbyterian Homes and Services (NCPHS) last week announced it has officially closed on an $11.2 million purchase of land in Walnut Creek, Calif. where it plans to build a continuing […]
Health care real estate investment trusts (REITs) have been the most active investors in senior housing properties of late, dishing out hundreds of millions of dollars to acquire massive portfolios. But the full force of their blockbuster potential may still be yet to come. Currently, health care REITs own about 12% of all the institutional […]
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has agreed to acquire four skilled nursing facilities in Maryland for $234 million, in a deal that could be a harbinger of what the most attractive SNF portfolios might look like in the coming years. The four SNFs specialize in transitional care and medically complex post-surgical, ventilator and […]
The existing housing stock is unprepared to meet the needs of America’s large and growing senior population, and new research points to a need for alternate housing accommodations. Aging baby boomers will lift the number of older households aged 65 and over 42% by 2025, and double the number aged 80 and over by 2035, notes a new report by Harvard […]
How big is America’s largest retirement community? By most measures, it’s really, really big. The Villages, a Florida retirement community, is already home to some of the largest operators in senior living, Brookdale Senior Living (NYSE: BKD) included. And it promises to get even bigger as the result of a partnership announced this month between […]
Over the years, senior living has seen the emergence of the small house model, which champions the development of properties with fewer units and fewer residents in order to create a more homelike environment. However, the industry has also welcomed massive — and sprawling — senior living campuses to its inventory, with some properties boasting […]
New Senior Investment Group Inc. (NYSE: SNR) announced today that it has entered into an agreement to acquire a 28-property portfolio from affiliates of Holiday Retirement for approximately $640 million. The portfolio, which includes private-pay independent living communities, contains 3,298 units across 21 states with an average occupancy of 88%, according to the company. Holiday […]
N.J. Senior Housing Provider Receives $8M for Seniors Affordable Housing Springpoint Senior Living received approval from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) for $7.8 million dollars in funding to provide rental housing in Ocean County, N.J. for older adults who were impacted by Superstorm Sandy. Springpoint will use these funds along with […]
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