Post-recession demand for new and expanded senior living services continues to increase, and Lancaster Pollard has updated its nonprofit senior living finance guide to accessing capital at a reasonable cost to reflect current trends. The national investment banking, mortgage banking, and investment advisory firm, headquartered in Columbus, Ohio, recently released the updated “Financing Options for […]
Category: Finance & Development
Long Beach, Calif.-based HCP Inc. (NYSE:HCP) recently bought 30% of a United Kingdom nursing home chain’s junior debt, according to Sky News. In the deal, HCP acquired about £175 million (about $264 million USD) of borrowings from Barchester Healthcare’s property arm at a discount from Isobel, a joint venture between private equity firm The Blackstone Group […]
Senior living communities continue to search for ways to help residents unlock assets that allow them to age in place, and Life Credit Company says its product is an untapped asset. Around a third of senior living residents have some form of life insurance, Life Credit estimates. The La Jolla, Calif.-based company provides a way […]
To RIDEA or not to RIDEA? That was one of the questions addressed by executives of healthcare Real Estate Investment Trusts (REITs) during the Assisted Living Federation of America’s annual expo and conference in Charlotte, N.C. last week. RIDEA, which stands for the REIT Investment Diversification and Empowerment Act, was adopted in 2008 and allows REITs and […]
Extendicare Inc. (TSX: EXE) will split up its U.S. and Canadian businesses, the company announced in its first quarter 2013 results . The company’s board of directors cited contrasting regulatory environments between the two nations have “long presented challenges to the market.” “This divergence has been emphasized by the significant change in the U.S. operating […]
Lancaster Pollard Assisted Kan. CCRC with Bond Refinance Lancaster Pollard recently assisted Brewster Place Retirement Community, a not-for-profit continuing care retirement community in Topeka, Kan., in refunding an existing bond issue. The 30-acre CCRC has 229 independent living units, 28 assisted living units and a fully licensed 97-bed skilled nursing facility. Lancaster Pollard developed a […]
Health Care REIT, Inc. (NYSE:HCN) announced on Wednesday it will be partnering with Revera Inc. to own 47 high-quality senior housing communities with approximately 5,000 units located in major Canadian metropolitan markets. Once the transaction closes, HCN will own a 75% interest in the approximately $1.35 billion portfolio, with Revera owning the remaining 25%. Revera […]
Health Care REIT, Inc. (NYSE: HCN) today announced a net income of $71.8 million in the first quarter ended March 31, 2013, up 25% from $57.5 million reported one year previously. On a per-share basis, HCN earnings for the first quarter rose to $0.21 per diluted share, compared to $0.19 from the same period a […]
Foreign investors interested in China’s senior housing space gained another foothold with a new law jointly issued by China’s Ministry of Commerce and Ministry of Civil Affairs regarding rules and procedures for the establishment of for-profit senior care facilities. “Even though the notice only applies to investors from Hong Kong and Macau, its impact is […]
CNL Healthcare Properties, an Orlando-based senior housing and healthcare real estate investment offering, recently announced the acquisition of two senior housing communities in Iowa for $12.16 million through a joint venture with GCI Development, LLC. Last fall, CNL Healthcare and GCI Development acquired three other Windsor Manor properties in another joint venture, bringing the portfolio […]
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