Recently Formed REIT Targets Blend of Student, Senior Housing

Strategic Student & Senior Housing Trust (SSSHT) is forging ahead to build a portfolio of senior housing and student housing properties, seeing synergies between the two and the potential for co-locating them. SSSHT is a public non-traded REIT sponsored by SmartStop Asset Management, a Ladera Ranch, California-based diversified real estate company focused on self-storage properties. […]

Transactions & Financings: CareTrust’s Memory Care Expansion; SNH-Five Star Restructuring

CareTrust expands memory care portfolio with $12.5M California acquisition CareTrust REIT (Nasdaq: CTRE) added to its portfolio of memory care communities with the $12.5 million acquisition of Vista del Lago, a 42-unit/96-bed community in San Diego. The seller was Torrey Pines Development Group. The Cushman & Wakefield Senior Housing Capital Markets team of Vice Chairman […]

Vi Plans Return to Rental Senior Living Communities

If all goes according to plan, Vi will be back in the rental game soon. The Chicago-based operator of luxury, entrance-fee continuing care retirement communities (CCRCs) is close to revealing new plans for a line of high-end rental communities with independent living, assisted living and memory care units, according to Vi President Randy Richardson. The […]

$216M Expansion Brings Host of Local Businesses, Health Care Providers to Mary’s Woods Campus

Mary’s Woods at Marylhurst used to take pride in being “the best kept secret” in Lake Oswego, Oregon. Not anymore. As a $216 million repositioning draws near completion, the nonprofit life plan community has raised its profile. Mary’s Woods is now more visible and more integrated with the greater Lake Oswego and Portland metro areas, […]

Seasons Living Raises Its Game With New Equity Partner, Rebrand, Portfolio Growth

It’s been a big year for Seasons Living, which added a new president, secured a private equity partner, rebranded, and more than doubled its portfolio size. Now, the Lake Oswego, Oregon-based operator is pursuing growth in new directions, including a project with a Hawaiian health care system and a middle-market model in the works. When […]

Transactions & Financings: BHI, Covenant Living Acquire Troubled CCRCs

Senior Quality Lifestyles acquires Indiana CCRC for $61M Cushman & Wakefield arranged the $61 million sale of Barrington of Carmel, a 267-unit continuing care retirement community in the Indianapolis suburb of Carmel, Indiana. Cushman & Wakefield Senior Housing team of Allen McMurtry, David Kliewer and Paul Carr represented an affiliate of Addison, Texas-based Senior Quality […]

Senior Housing Wanes Slightly In Eyes of Investors, Developers

Senior housing is still one of the most attractive investment and development prospects in real estate for the year ahead. But, there are some lingering questions about how the industry will overcome its current headwinds, at least in the short-term, according to the latest Emerging Trends in Real Estate report from PricewaterhouseCoopers (PwC) and the […]

Transactions & Financings: Brookdale’s $160M Credit Facility; Westmont Living’s $58M Acquisition

The NIC Fall Conference is underway in Chicago and the deals are flowing like wine. Here are some recent transactions. Brookdale secures $160M credit facility Brookdale Senior Living (NYSE: BKD) secured a $160.3 million credit facility for a five-community, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas. Brookdale has owned and operated the portfolio for […]

Why the Time is Right for Bolder Adult Day Programs in Senior Living

Bold new models of adult day services are beginning to enter the market, and senior living providers would be wise to take note. Their standard adult day offerings may lose luster in the face of these new options, but providers also may be ideally positioned to take advantage of a growing market opportunity. While many […]