Low Interest Rates Leave Retirees as “Collateral Damage”

For those looking to refinance existing mortgages or obtain financing to purchase senior living properties, today’s historically low interest rates are a boon. But the seniors being courted to live in those retirement communities aren’t exactly rejoicing, as their investments and savings are reaping very minimal returns—throwing a wrench into the retirement plans of many. […]

Investors Focus on Repositioning Aging Senior Housing Stock as New Construction Lags

With new senior housing and care construction still challenging to finance, investors and operators have a great opportunity to reposition aging stock to meet the demand of future residents, said panelists at the National Investment Center for the Seniors Housing & Care Industry’s National Conference earlier this week.  There has been a “dramatic” change in […]

In the Pipeline: Senior Housing Construction Projects (5/19/12)

Construction: Planned Kisco Senior Living & HCN to Build N.C. Senior Living Community Carlsbad, Calif.-based Kisco Senior Living is taking over the development of a N.C. senior living community, reports the News Observer, in a joint venture project with Toledo, Ohio-based Health Care REIT (NYSE:HCN). Kisco is scaling back original plans made by Kane Realty […]

HCN Ramps Up Sunrise JV Buy-Outs, Acquisition Now Valued at $3.2 Billion

Accelerated joint venture buy-outs have increased the real estate value of the Sunrise Senior Living (NYSE:SRZ) acquisition by Health Care REIT (NYSE:HCN) from about $1.9 billion to $3.2 billion, the investment trust announced on Tuesday. “We are extremely pleased with our initial success in reaching agreements to purchase additional Sunrise joint venture partner interests,” said […]

Senior Housing Acquisition and Investment Round-Up (9/16/2012)

The international senior living scene is heating up, and developers and investors in other countries are making moves to prepare for the impending wave of baby boomers. Here are a few stories from around the globe, ranging from nearby Canada to India to New Zealand, along with a couple smaller, local deals by American senior […]

Senior Housing Finance Activity: Prudential, Ziegler, Berkadia, & More

SQLC Completes $119 Million Financing for Ind. CCRC Senior Quality Lifestyles Corporation and its affiliate Mayflower Communities, working in partnership with St. Vincent Health, announced last week they had completed financing for The Barrington of Carmel, a 501(c)3 nonprofit continuing care retirement community (CCRC).  Financing was completed through the sale of $119,020,000 in Series 2012 […]

Care Investment Trust to Acquire 7 Senior Housing Communities for $106.5 Million

Care Investment Trust Inc. (OTCQX:CVTR) has entered an agreement to purchase a seven-property senior housing portfolio from affiliates of Juniper Communities, LLC for $106.5 million. The assisted living and memory care assets are located in desirable markets in New Jersey, Pennsylvania, and Colorado and have a total of 410 units with an average occupancy rate […]

Senior Housing Finance Activity: Ziegler, Cain Brothers, Love Funding, & More

Ziegler Closes $73.4 Million Financing for Hawaii CCRC Speciality investment bank Ziegler recently announced the closing of a $73.4 million fixed-rate Series 2012 Bond issue for Kahala Nui, a 6.6 acre continuing care retirement community located in Honolulu, Hawaii. Kahala Nui is a “type A” CCRC with 270 independent living units; 63 assisted living suites […]