Following the success of a previous capital fundraising campaign that already raised just north of $1 billion, CNL Healthcare Properties is doubling down with plans to raise an additional $1 billion this year to acquire and develop senior housing and health care properties nationwide. The Orlando, Fla.-based non-traded real estate investment trust (REIT) last week […]
Category: Finance & Development
Construction: Planned NHI, Bickford Senior Living Breaking Ground on Five New Projects National Health Investors, Inc. (NYSE: NHI) last week announced that its joint venture with Olathe, Kan.-based operator Bickford Senior Living will develop five senior housing communities in Illinois and Virginia. Each community will consist of 60 private-pay assisted living and memory care units […]
Real estate investment trust HCP Inc. (NYSE: HCP) is undeterred by recent lackluster results from Brookdale Senior Living (NYSE: BKD), and is growing its continuing care retirement communities joint venture with the provider, company officials said in an earnings call Tuesday. A $1.2 billion strategic joint venture with Brookdale Senior Living (NYSE: BKD) was the […]
The founder of a successful senior living provider is serving as co-owner of a brand new operator that is setting its sights on a pipeline that will start with 21 new assisted living sites currently under development. First & Main, the new senior living operator, is in part the brainchild of Thrive Senior Living Founder and Principal Jeramy […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
Sandell Asset Management Corp., a shareholder of Brookdale Senior Living (NYSE: BKD), is pushing the industry’s largest senior housing provider to spin off its real estate into a real estate investment trust (REIT). The New York-based firm today released a letter and a white paper to Brookdale, requesting the separation of the Brentwood, Tennessee-based provider’s […]
Construction: Planned Georgia Developers Partner on New Senior Living Project Canopy Lifestyles and Campus Realty Advisors have joined to announced their newest senior living community to be developed in Braselton, Ga., the companies announced this week. The residence will offer independent, assisted living and memory care services at a location that is adjacent to the […]
Big growth doesn’t come easy. Brookdale Senior Living (NYSE:BKD) knows all too well. After offering a preliminary glimpse into the company’s financials for the fourth quarter last week, Brookdale today released further insight into its performance, reiterating many of the same factors that have increased expenses and led to a 70 basis point drop in […]
American Realty Capital Healthcare Trust II, Inc. (ARC HT II) recently closed its $2.1 billion non-listed public offering, with senior living a core component of the AR Capital, LLC-sponsored real estate investment trust’s (REIT) portfolio. AR Capital is well known in the senior housing space, previously making headlines when its first sponsored health care REIT, […]
KeyBank National Association has been the No. 1 Fannie Mae lender in the senior housing sector for three consecutive years, according to rankings released Monday. Berkadia Commercial Mortgage, LLC claimed the second spot in the latest rankings, for 2014. Berkadia ranked No. 4 in 2013, which was the first year for which Fannie Mae named the […]
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