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 […]
Category: Finance & Development
Ventas, Inc. (NYSE: VTR) announced today that normalized funds from operations (FFO) for the quarter ended March 31, 2013 increased 14.3% to $301.6 million. Normalized FFO per diluted common share was $1.03 for the first quarter of 2013, a 13% increase from $0.91 for the same period in 2012. “We are pleased to report that […]
Senior housing developers may still encounter difficulty obtaining financing for ground-up projects despite reports of the increasing availability of capital, and future growth plans play a crucial role in what kind of capital they pursue. Just because real estate investment trusts (REITs) enjoy a low cost of capital doesn’t mean they’re the best source of […]
The availability of real estate investment trust (REIT) financing for new senior housing projects is highly dependent on not just the REIT’s relationship—future or existing—with the developer, but also both parties’ goals and objectives, builders and capital sources say. Most healthcare REITs have some level of involvement in senior housing construction financing, but it’s rare to see […]
The housing market crash along with the worst economic downturn since the Great Depression has reshaped the way continuing care retirement communities (CCRC) are conceived, developed and operated. While the downturn proved too much for some projects to handle, the market has largely performed well over time, those active in the market say. “The challenged […]
In its oversight of financial markets that cater specifically to seniors, the Consumer Financial Protection Bureau is taking issue with professional designations used by those in the business—whether that be in managing finances or working for senior housing solutions for those in need. Drawing attention to the widespread use of designations such as Certified Senior […]
Healthcare REITs have been among the top-performing REIT sectors throughout the past several years—and that trend continued through the first quarter of 2013 as the segment produced the highest returns in the Global REIT index, revealed a recent S&P Down Jones Global Real Estate Report on Thursday. The Healthcare segment of the S&P Global REIT index […]
AdCare Health Systems, Inc.’s (NYSEAMEX:ADK) Martin Brew resigned as the long-term care provider’s chief financial officer on Monday in relation to extensive accounting errors impacting the company’s financial statements for all of 2012. In March, AdCare announced it would be postponing the release of its financial results for the fourth quarter and year end 2012 and […]
The Scooter Store announced Tuesday that it will move to “transform its business model” through the sale of substantially all of its assets under section 363 of the United States Bankruptcy Code. As part of these efforts, the company has entered into a voluntary chapter 11 case in the United States Bankruptcy Court for the […]
Capital One Closes $19.5 Million Loan for Revera Health Systems Capital One Bank announced on Monday it had provided a three-year, $19.5 million secured term loan to Revera Health Systems, Inc., a long-term care and rehabilitation provider with multiple skilled nursing centers across the U.S. Proceeds of the loan were used to refinance existing senior […]
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