Turnaround Corner—Troubled or Closing Senior Care Facilities (8/14/2012)

Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that are losing money, to county-run homes looking to privatize, to places that may need to close their doors for various other reasons. South Florida Business Journal—Assisted Living Owner/Operator Seeking Chapter 11 Bankruptcy Sale of Assets Name: Lenox on the Lake […]

Senior Housing Finance Activity: Greystone, Health Care REIT, NorthStar Healthcare Income

Greystone & Co. Affiliate Closes $33 Million Affordable Housing Transaction in N.C. Greystone & Co., Inc. affiliate Greystone Affordable Housing Initiatives LLC (GAHI), a provider of affordable housing recapitalization and rehabilitation transaction management services, announced on Monday that it had closed a $33 million multifamily housing rehabilitation transaction in North Carolina that includes senior housing […]

REIT Earnings at a Glance: HCP, Health Care REIT, Senior Housing Properties Trust, LTC Properties

Here’s a quick look at how senior housing and care-related real estate investment trusts fared during the second quarter of 2012, including FFO, net income, revenues, and, when available, guidance. We’ve also included acquisition and development activities and outlooks for some of the REITs based on what was said during their respective earnings calls. HCP’s […]

In the Pipeline: Senior Housing Construction Projects (8/8/2012)

Construction: Planned Erickson Living Plans Colorado CCRC Expansion, Hires Contractor Erickson Living’s Wind Crest retirement community has selected Brinkmann Constructors as the general contractor for its newest neighborhood. The four-story continuing care neighborhood is currently under design and will have 128 residences offering assisted living, memory care, post-acute rehabilitation, and long-term nursing care services to […]

High Profile Bankruptcies Will Change Future of CCRC Financing

Many non-profit continuing care retirement communities (CCRCs) have enjoyed getting 100% financing for their properties in the past, but that could change going forward, according to panelists speaking at SHN’s first annual Senior Housing Summit in July. LeadingAge, a non-profit advocacy group of senior living providers, says 80% of CCRCs are non-profit, and while most […]

Health Care REIT’s Q3 Pipeline Includes About $925 Million of Senior Housing & MOBs

Toledo, Ohio-based Health Care REIT, Inc. (NYSE:HCN) plans to come out swinging in the third quarter with about $925 million of healthcare-related acquisitions, with about $854 million of that designated for seniors housing properties.  The healthcare real estate heavyweight announced on Monday, Aug. 6 that it anticipates acquiring approximately $925 million of seniors housing and […]