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 […]
Category: Finance & Development
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 […]
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 […]
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 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 […]
Last week, AARP and LivePitch Media announced the 10 start-up finalists for the AARP Health Innovation@50+ Live Pitch, a showcase for new start-up companies in the 50-and-over health technology and innovation sector to pitch their products or services to investors and industry experts as a way to get funding and accelerate growth. The event’s format […]
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 […]
The CEO of Sunrise Senior Living (NYSE:SRZ) appeared on a segment of CNBC’s Mad Money following the acquisition of his company by Health Care REIT (NYSE:HCN), and host Jim Cramer hailed the executive as the “King of the Comeback.” “There are still some terrific executives out there who are working their butts off 24/7 to […]
Construction: In the Process Bravo Properties Breaks Ground on Two Ill. Affordable Assisted Living Communities Oak Brook, Ill.-based Bravo Properties has broken ground on two affordable assisted living communities in the Chicago area: Deer Path Supportive Living of Huntley, Ill. and St. Anthony Supportive Living in Lansing, Ill. Deer Path will be the first northwest […]
CNL Healthcare Trust, Inc. announced on Wednesday its plans to invest $40.4 million into senior housing projects, including new development and the acquisition of three Iowa assisted living and memory care communities. The senior housing and healthcare-focused real estate investment offering will invest $21.6 million into the development of an assisted living and memory care […]
Subscribe
Receive industry updates and breaking news from SHN