A new entrant in the high-end senior living development space plans to rapidly become a major player in some of the nation’s most competitive markets, thanks to the leadership of an industry veteran and the resources of a long-established multifamily housing company. Alliance Residential Company — a national multifamily acquisitions, construction and management company with […]
Category: Finance & Development
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. Brookdale and HCP to Acquire 35 Chartwell Communities for $849 Million—The senior living operator-owner duo agreed to purchase Chartwell’s entire U.S. senior living portfolio for $849 million. The portfolio will be acquired using a RIDEA joint venture […]
Construction: Planned Carriage Hill Assisted Living to Break Ground Next Week Carriage Hill Assisted Living will break ground on a new assisted living facility in Madbury, New Hampshire on March 26, the company said in a release. The 24-bed facility will feature architectural features in the style of a New England barn, living rooms, a […]
An American Realty Capital, LLC-sponsored non-traded real estate investment trust (REIT) with senior housing at the core of its portfolio announced its intent Wednesday to go public. American Realty Capital Healthcare Trust II, Inc. (Healthcare Trust II) filed an application to list its common stock on a national stock exchange under the symbol “HTI,” and, […]
More than $25 billion in senior housing real estate transactions occurred in 2014 alone. And while 2015 isn’t even through its first quarter yet, the competitive landscape for senior housing acquisitions continues to heat up as existing owners look to build their portfolios and drive profit in the coming year. Join Senior Housing News on […]
Senior Living Investment Brokerage Facilitates 2 $30 Million Sales In two separate transactions, Senior Living Investment Brokerage facilitated the sale of nine assisted living facilities and five senior housing communities for $29.5 million and $29.125 million, respectively. The first transaction, the Autumn Grove Cottage portfolio, consists of nine assisted living communities with a focus on […]
From a resurgence of the independent living product to expansion opportunities and a positive economic outlook, not-for-profit continuing care retirement communities (CCRCs) face an optimistic future. In fact, optimism has increased significantly from years past, according to the latest annual benchmark survey produced by specialty investment bank Ziegler and Irving, Texas-based Greystone Communities. The survey’s findings […]
Brookdale Senior Living Inc. (NYSE: BKD) and HCP, Inc. (NYSE: HCP) have entered into a definitive agreement to acquire 35 private pay senior living communities from Chartwell Retirement Residences for $849 million. The properties — which represent the entirety of Chartwell’s U.S. portfolio — will be acquired using a RIDEA joint venture structure with HCP and Brookdale owning 90% […]
The majority of senior living industry members agree that continuing care retirement communities (CCRCs) are decreasing their number of skilled nursing beds, according to the latest Holleran Insight Poll. Of more than 3,000 senior living industry members polled by the research company, 59% say they “agree” that CCRCs are decreasing skilled nursing beds and adding […]
A Quebec-based developer and manager of 26 retirement complexes has unveiled a five-year investment plan valued at $2 billion that will build 30 new residential complexes for seniors in the Greater Montreal region. Speaking last week at the Board of Trade of Metropolitan Montreal’s strategic forum on major real estate projects, Réseau Sélection’s CEO Réal […]
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