Are Senior Housing REITs at RIDEA Exposure Max?

Senior housing-focused real estate investment trusts may have found the sweet spot for RIDEA exposure, says an S&P analyst who cited the structure’s risk factor as a component to why some REIT portfolios could be at their limit.  Two out of the ‘big three’ REITs in particular—Ventas (NYSE:VTR) and Health Care REIT (NYSE:HCN)—have grown their […]

Fitch Improves CCRC Rating Outlook on Creative Marketing, Reinvestment

Creative, aggressive marketing plans and increased capital spending contributed to boosting Fitch’s ratings outlook for not-for-profit continuing care retirement communities (CCRCs) from negative to stable as median ratios for investment grade borrowers were mostly stable in 2012.  “As in the years since 2008, management teams utilized tight expense controls, creative marketing plans, and better skilled […]

Senior Housing Finance Activity: Skilled Healthcare Group, Greystone, Lancaster Pollard

Greystone Closes $117 Million Portfolio Acquisition of Affordable & Senior Housing Greystone recently announced the closing of a $117 million multifamily transaction in Georgia to be used toward the acquisition and rehabilitation of 44 affordable housing properties, more than half of which are designated senior housing. The portfolio contains 1,362 units that serve low-income households in […]

HUD Authority for 2013 Senior Housing Finance Runs Out

Commitment Authority for the Federal Housing Administration to issue mortgage insurance for multifamily projects including healthcare and senior housing has been exhausted through the end of fiscal year 2013. This fiscal year, ending September 30, allowed the Department of Housing and Urban Development under Congress $25 billion across its multifamily, healthcare and risk share programs, […]

Fed Decision Not to Taper Bond Purchases May Boost Senior Housing M&A

The Federal Reserve’s bond buying program will continue at its current pace rather than taper off starting this month, the Federal Open Market Committee announced Wednesday following a two-day policy meeting. Depending on the announcement’s impact on interest rates, this news could have strong implications for the senior housing market. Remarks made by Fed chairman Ben […]

Industry Veterans Launch New Senior Housing, Healthcare Investment Advisory

A new senior housing investment advisory group launched this week, led by a team of senior housing industry members including founding partners formerly of Marcus & Millichap’s senior housing investment arm. The new outpost, Blueprint Healthcare Real Estate Advisors, says it is targeting the expanding seniors housing demographic with room to grow as a strategic […]

Griffin-American Completes $472 Million Senior Housing Portfolio Buy

Griffin-American Healthcare REIT II, Inc. announced Thursday the completion of its $472.2 million (£298.5 million) acquisition of a 44-property senior housing portfolio located throughout the United Kingdom.  The transaction was announced in July for $447.8 million, but a change in dollar-to-pound conversion rates increased the cost at closing by $24.4 million even though the purchase price of the […]

Senior Housing Finance Activity: Berkeley Point Capital, Love Funding, Cambridge

Washington Trust Finances $5 Million ALF Washington Trust’s Commercial Real Estate Group provided $5,000,000 in construction financing to Scandinavian Home, Inc. for a 2,000 square feet addition to an assisted living facility in Cranston, RI as well as renovations to existing facilities. Founded in 1930, Scandinavian Home is a non-profit community located in the Edgewood […]

Kisco Senior Living Takes Unique Approach to CCRC Acquisitions

Kisco Senior Living acquired ownership of a 289-unit Florida continuing care retirement community (CCRC) in August about a year after purchasing $48 million of its debt. The for-profit senior living developer and operator has acquired about $107 million of debt for three CCRCs in the past few years, going on to gain ownership of two […]

Senior Housing Investments & Acquisitions (9/10/13)

Care Investment Trust Closes Acquisition of 2 Senior Housing Assets Care Investment Trust LLC, a subsidiary of Tiptree Financial Inc. (NASDAQ:TIPT) that focuses on senior housing real estate investment, and privately-held senior housing owner and operator Premier Senior Living, L.L.C., recently announced the closing of a previously announced acquisition of two senior housing facilities located in […]