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AgeSong Expands into Emeryville with New Independent and Assisted-Living Community

AgeSong at Bayside Park, a 116,400 square-foot, 125-apartment community that will offer independent and assisted living apartments for senior adults breaks ground today in Emeryville, expanding AgeSong’s holistic approach to elder care in the East Bay. A five-story residence, AgeSong at Bayside Park sits on a corner site at 1440 40th Street (and Horton), within […]

Health Care REIT to Acquire 29 Sunrise Senior Living Properties

Premier Assets Valued at $715 Million Concentrated in New York, Los Angeles and Chicago TOLEDO, Ohio–(BUSINESS WIRE)–Sept. 2, 2008–Health Care REIT, Inc. (NYSE:HCN) has entered into an agreement with an affiliate of Arcapita, Inc. to acquire its 90% interest in a venture owning 29 senior housing properties managed by Sunrise Senior Living, Inc. (NYSE:SRZ) for […]

REX & Equity Key: A Reverse Mortgage Alternative?

US News & World Report journalist Emily Brandon wrote about San Diego, CA based Equity Key’s product which can be used as an alternative to a reverse mortgage.  Equity Key’s product will provide a cash advance on a house in exchange for the right to share in the homes future appreciation.  A typical borrower is […]

Ventas Shows Growth Through Acquisition But For How Long?

In April 2007, Ventas acquired approximately $2 billion in senior housing complexes formerly owned by Sunrise Senior Living.  The deal brought properties into the Ventas portfolio that rely on private-pay residents rather than their traditional subsidize model.  This acquisition relied on Ventas’ ability to use leveraged finance to acquire the properties and extinguish the short […]

HCP Places $259 Million of Secured Financing

HCP (NYSE:HCP) announced that it has placed $259 million of secured debt on 21 of its senior housing assets. The assets are cross-collateralized and the debt has a 7-year term with a fixed interest rate of 5.83%. Fannie Mae purchased the secured debt provided by Grandbridge Real Estate Capital LLC. HCP, Inc., an S&P 500 […]