Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy, is rumored to be seeking a buyer, according to news reports. Company representatives declined to comment to Bloomberg, which originally reported on the potential sale Wednesday afternoon, citing unnamed sources with knowledge of the matter. The company also declined comment to SHN, saying that it […]
Category: Finance & Development
Mid-sized senior living providers that are looking to grow have opted to build rather than buy lately, in part because they’ve been priced out of the acquisition market. But these operators soon could be seeing more opportunities to expand their footprints by purchasing — if they’re willing and able to navigate the more complex types […]
Increasing demand to finance senior housing facilities has prodded Wells Fargo & Company (NYSE: WFC) to establish a new speciality group solely dedicated to the space, the company announced Tuesday. Housed within Wells Fargo’s Commercial Real Estate Group, the company’s new Senior Housing Finance team will provide a suite of banking and credit services for […]
Development is booming for many existing senior living operators across the country. One top-10 operator is targeting growth not only across its current product offering, but also in rolling out an entirely new development pipeline aimed at a slightly higher price point. Two years ago, Senior Lifestyle Corp. began looking into higher-end senior housing development, […]
Feasibility studies. They’re conducted day in and day out by prospective builders, financiers and expansion hopefuls in real estate generally, and in senior living specifically. Factors such as population growth, density, concentration of potential adult children and competition are all considered, among other considerations. With ongoing discussion surrounding markets that are saturated with senior living […]
Greystone Real Estate Advisors Close Sale on 180-Unit Property in Texas Greystone, a real estate lending, investment and advisory company, recently announced its Real Estate Advisors group has closed the sale of Aspens at Twin Creeks in Allen, Texas. Kayne Anderson Real Estate Advisors of Boca Raton, Fla., acquired the stabilized property from Cadence Capital […]
Skilled nursing facilities have not been a particularly hot product type in the past, but a renewed interest from some deep-pocketed investors has the sector poised for a renaissance, especially among smaller operators. Although sizeable investors like public and privately-held real estate investment trusts (REITs) remain the most active buyers of senior housing properties in […]
Construction: Planned CA Ventures Planning Assisted Living Project in Kansas City Area Chicago-based real estate investment, development and management firm CA Ventures gained approval from the Overland Park Planning Commission this week for a special-use permit and final development plan for a 116-bed assisted living facility it plans to build within a $350 million mixed-use […]
Publicly-traded health care real estate investment trusts (REITs) continue to dominate the senior living market in regard to total investments in the space. With their ongoing presence and success, those REITs are shifting the way investors view senior housing and care, leaving the door open for more public REIT investment in the space. American Realty […]
The latest move by Ventas, Inc. (NYSE: VTR) to spin off its skilled nursing assets into a separate real estate investment trust (REIT) may have come as a surprise for a company that has continually touted the diversification of its portfolio. But the move may actually position the REIT as having a strategic advantage against […]
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