Brookdale Senior Living, Inc. (NYSE:BKD) is looking to build upon the success of its entry fee continuing care retirement community sales in 2014 after reporting strong fourth quarter and full-year 2013 results. BKD reported its cash from facility operations (CFFO) increased 29% in the fourth quarter to $88.5 million, or $0.71 per share, compared to […]
Category: Finance & Development
Fannie Mae on Monday released its first-ever list of lenders with the most senior housing financing production for 2013, topped by KeyBank National Association. The Top 5 list was released in conjunction with Fannie Mae’s top lenders across all sectors and its top Multifamily Affordable Housing lenders. Fannie Mae provided $28.8 billion in financing to […]
Housing & Healthcare Finance Closes $58M in HUD Loans During November and December Housing & Healthcare Finance closed a total of $58,789,000 in HUD loans. The loans included a total of $22.5 million in HUD Section 232/223(f) loans to refinance four skilled nursing facilities in Missouri. Another $19.4 million of loans were through the HUD […]
The LaSalle Group is making plans for senior housing through a new joint venture partnership that kicks off with the acquisition of a six-property portfolio this week. The six properties will be acquired through a $17 million equity placement secured by Irving, Texas-based The LaSalle Group through a private equity real estate firm in a […]
The recently departed former CEO of senior housing and healthcare REIT HCP (NYSE: HCP) is making a new foray into health care real estate through a burgeoning partnership with NorthStar Realty Finance. Jay Flaherty, HCP’s former CEO who left the position abruptly in October, will work with NorthStar in a “long-term partnership to build a […]
In the thawing of nonprofit CCRC financing for new construction, Zielger announced Thursday the closing of $190 million in unrated, tax-exempt fixed-rate Series 2013 Bond issue for nonprofit the Arlington of Naples. The Arlington of Naples was incorporated in 2008 for the purpose of developing, owner and operating a non-for-profit Type B CCRC in an […]
Freddie Mac is rolling out a new product for senior housing that will compete with banks and other existing financing sources for development and repositioning within the sector. Greystone has secured the first-ever revolving credit facility for seniors housing offered by Freddie Mac, on behalf of Oakmont Senior Living, in the amount of $150 million. […]
HealthLease Commits to Co-Investment Relationship with Mainstreet HealthLease Properties Trust has invested $20 million in Mainstreet Development Fund II, L.P., which will be used to develop between 12 to 16 seniors housing and care facilities in the United States over the next year. HealthLease’s investment will consist of $15 million of mezzanine financing, which is […]
Capital Senior Living Corporation (NYSE:CSU), recently announced it has completed the acquisition of four senior living communities in two transactions for a total of about $64.9 million. Located in Indiana and South Carolina, the communities have an aggregate 388 units, consisting of 48 independent living units, 257 assisted living units, and 83 memory care units. […]
CNL Lifestyle Properties Acquires Colo. Senior Housing Community Senior living real estate investment trust CNL Lifestyle Properties has acquired MorningStar at Dayton Place in Aurora, Colo., for approximately $29.9 million. The senior housing community will continue to be managed by its current operator, MorningStar Senior Living, which currently has 21 properties under management or development […]
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