The nation’s largest developer of post-acute, transitional care facilities is set to solidify and strengthen its position with a five-year $5 billion development pipeline and a strategy that could lead to another massive deal like last year’s HealthLease sale. Indiana-based Mainstreet has an “identified pipeline” to develop $1 billion in properties each year over the […]
By Bobby Guy Senior housing has recovered from The Great Recession to become the new darling of developers across the country. Sale prices for senior housing facilities have skyrocketed, and cap rates on deals appear to be reaching historic levels. At the same time, the market is changing dramatically. The Affordable Care Act (the “ACA”) […]
Washington Nursing Facility Sells for $6.6 Million Shoreline Health and Rehab, a 106-bed skilled nursing facility in Shoreline, Wash., recently sold for $6.625 million, a purchase price driven, in part, by its $3 million renovation in 2012, according to Evans Senior Investments, which facilitated the sale. “Although well-managed from an expense perspective, the facility historically […]
Recognizing that the aging U.S. population is set to drive demand to unprecedented levels, companies that have focused on other kinds of real estate now are turning to senior housing. For instance, recent months have seen multifamily mainstays Alliance Residential and Drever Capital Management enter the senior living space. While these companies are planning ambitious, […]
A month after Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced its pipeline would more than double, the senior housing investor is making good on its promise with a nine-property senior housing portfolio acquisition and a 10-property development pipeline. The real estate investment trust has agreed to purchase a nine-property senior housing portfolio in Canada for approximately […]
GE Capital Provides $48.5M Financing for Acquisition of Four Ariz. Senior Care Facilities GE Capital’s Healthcare Financial Services (HFS) business was the administrative agent and a lender on a $48.5 million financing to a joint venture among LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp. The funds were used for the acquisition […]
The fastest-growing U.S. metro is already a haven for the nation’s aging population. And it’s about to get even bigger. Florida is often considered a retirement destination for snowbirds and seniors looking to live in a mild climate. Although The Sunshine State didn’t make the top-10—or even top-20—states to retire this year, it is home […]
Investors have a new dose of confidence in the nation’s strengthening commercial real estate market, and that includes the market for senior living development, a recent survey suggests. Despite concerns that some senior living markets are overheating, real estate executives see huge potential for senior living development, according to the sixth annual Akerman U.S. Real Estate […]
Berkshire Closes Fund to Invest in Senior Housing, Other Sectors Boston, Massachusetts-based Berkshire Group, a real estate investment management company, has announced the closing of a $161.5 million venture investment vehicle that will target senior housing as well as other real estate sectors. The BRV Partners Fund I seeks to invest in growing, high-potential real […]
Surpassing the Sunshine State, Delaware has grabbed the title of Kiplinger’s No. 1 retiree destination. “Delaware’s population includes a great number of residents who are 65 [plus], and the retired set can enjoy a life unburdened by heavy taxes,” Kiplinger says in a statement. “One of Kiplinger’s 10 most tax-friendly states for retirees, Delaware levies […]
