The number of home health mergers and acquisitions dipped to start 2015, but valuations are up and more types of buyers are vying for deals than in recent years — including senior living and long-term care players. “In the last three years, we’ve seen the long-term care companies come in,” says Mark Kulik, managing director at The […]
Editor’s Note: A previous version of this headline stated that GE Capital is up for sale. It has been revised to clarify that the healthcare services business is being sold. General Electric Co. is reaching out to potential buyers of GE Capital Healthcare Financial Services, which lends to senior housing among other health care companies. The […]
(Edgemere Cocktail Lounge – Photo Courtesy of Senior Quality Lifestyles Corporation) Construction: Planned Dallas CCRC Plans $36 Million Expansion Edgemere, a continuing care retirement community (CCRC) in Dallas, will soon begin a large-scale expansion and renovation project to address the growing demand for senior living options in the area. Financing for the project was completed through […]
With plenty of money flowing into senior housing assets, investors expect little to no change in cap rates in the coming year. Of all those who responded to the 21st annual Senior Housing Investment Survey from Senior Living Valuation Services, 62% said they don’t expect senior housing cap rates to significantly change in the next 12 […]
The first quarter of 2015 was marked by weak absorption and falling occupancy levels for senior housing properties, fueling the industry’s concern that some markets are overheating. Among those underperforming markets are Houston, Denver, Las Vegas and San Francisco, according to new data provided by the National Investment Center for Seniors Housing and Care (NIC), in […]
With a robust acquisition and development pipeline already in the works, Mainstreet is further expanding its capital raising efforts via a multi-pronged capital markets initiative, which will create a new broker-dealer channel within the company along with a new private equity fund. The Carmel, Ind.-based developer of post-acute care facilities has never been one to […]
A Southern California-based development group has launched into senior housing, and it’s doing so with early success utilizing the EB-5 Immigrant Investor program under the U.S. Citizenship and Immigration Services. With three projects underway or in planning stages, Continental East Development (CED) has successfully raised more than $20 million in EB-5 capital and has plans […]
Hospitality House Acquired for $3.6 Million Carlsbad, California-based Merrill Commercial Real Estate, Inc., a full-service real estate firm offering solutions in the senior housing space, recently closed the sale of Hospitality House senior community, with Menlo Management of Menlo Park, Calif., acquiring the property for $3.6 million, or $85,714 per unit, from an independent owner. Hospitality […]
Senior housing and care has attracted a growing amount of interest among investors who are are eager to capitalize on the industry’s favorable market fundamentals. Some of the top investors, health care real estate investment trusts (REITs), have been players in the space for years — but their growth strategies may soon be changing. With […]
As the United States comes to grips with its own graying population over the next decade, real estate developers in China are looking to American senior living companies for expertise in providing both housing and health care-related services to serve their own aging boom. Last week, Irving, Texas-based Greystone Communities announced a development and management […]
