Transactions & Financings: Invesque’s $80M Credit Facility; Thrive Acquires Georgia Senior Living Community

Invesque secures $80M credit facility People’s United Bank, a subsidiary of People’s United Financial (Nasdaq: PBCT), announced its healthcare finance and capital markets divisions served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque (TSX: IVQ.U). The facility will be used to refinance existing debt associated with the […]

Bain to Target Assisted Living, Memory Care in New $1.5B Fund

The senior housing portion of private investment firm Bain Capital’s new $1.5 billion, Harvard University-backed real estate fund will likely include new investments in assisted living, memory care and active adult developments with help from existing partner Capitol Seniors Housing. The fund, which recently surpassed its original billion-dollar goal, will focus on real estate classes […]

Transactions & Financings: JLL’s $2B HFF Acquisition Approved; Presbyterian-Westminster Merger Called Off

JLL completes $2B HFF acquisition Stockholders at Dallas-based capital services provider HFF (NYSE: HFF) last week approved a proposal by commercial real estate services firm JLL (NYSE: JLL) to buy HFF in a cash-and-stock transaction valued at $2 billion. News of the deal was first announced in March. Both firms are active in the senior […]

Nonprofit Senior Living Provider, Health System Team Up on New Developments

An Iowa senior housing and care nonprofit is joining forces with a local health system on the development of a new senior living entity, branded as WellSpire. Johnston, Iowa-based WesleyLife and Davenport, Iowa-based Genesis Health System are collaborating on the venture, starting with the creation of a new community in Bettendorf, Iowa. The $45 million […]

Bain Capital’s New $1.5B Real Estate Fund May Target Senior Housing

Private investment firm Bain Capital has raised $1.5 billion for a new Harvard University-backed real estate fund that could include senior housing among its targeted property types. Harvard is one of the fund’s biggest backers, according to Bloomberg. The fund will focus on real estate classes such as senior housing, self-storage, life science and labs, […]