Senior Housing Value-Add Opportunities May Total $5B, Could Grow

One year ago, senior housing mergers and acquisitions activity came to a screeching halt as a result of Covid-19. But there are signs that the M&A landscape will experience a strong rebound in 2021, and the rebound will be spearheaded by a wide range of buyers seeking value-add opportunities as well as stabilized assets. Mergers […]

Welltower CEO: Path to Recovery Includes $480M Embedded NOI Growth, Lifestyle-Driven Consumers Returning

Welltower (NYSE: WELL) CEO Shankh Mitra believes there are some “green shoots” emerging in the company’s U.S.- and U.K.-based senior housing portfolios — but he is also wary of predicting a timeline for pandemic recovery. Still, the real estate investment trust (REIT) released a “Path to Recovery” that identifies $480 million in embedded NOI growth, […]

Transactions & Financings: Cushman & Wakefield Brokers PGIM-Revera JV; HumanGood Affiliates with Washington Provider

Earlier this month, PGIM Real Estate and Revera Communities affiliate Signature Senior Lifestyle announced a joint venture to develop and manage senior housing communities in the United Kingdom, focusing on submarkets in the greater London area with strong demographic demand. Earlier this week, global real estate services firm Cushman & Wakefield (NYSE: CWK) announced that […]

Kayne Anderson Reportedly Raising $2.5B Fund, With Senior Housing As Investment Target

Kayne Anderson Real Estate is reportedly raising a new fund, with senior housing among the private equity firm’s investment targets. The $2.5 billion fund is “on the verge of closing,” the Wall Street Journal reported earlier this week, noting that about half the fund is intended for medical office deals. Managing Director Max Newland spoke […]

Ares Management Raises $1.7B Fund, Distressed Senior Housing a Target

Ares Management Corporation (NYSE: ARES) is the latest investor looking to capitalize on growing distress in senior housing. The Los Angeles-based global investment firm raised $1.7 billion in commitments for its newest opportunity fund, beating its $1.5 billion target, and distressed senior housing is expected to play a significant part of the fund’s acquisition strategy, […]

Transactions & Financings: Charter Health Care Acquires Hospice Provider; Standard Communities’ $68M Senior Apartment Deal

Charter Health Care Group is expanding its post-acute care platform. The Cucamonga, California-based provider acquired The Providence Hospice and The Providence Home Health Services, a Houston-based in-home health care provider. Financial terms of the transaction were not disclosed. This is now Charter’s sixth acquisition since early 2020, now serving 4,500 patients in seven states. Charter […]