NBA ‘Super Agent’ Teams with Industry Veteran to Launch LifeStar Living

Sports “super agent” David Falk has founded a senior living development and operating company, LifeStar Living, that will be led by industry veteran Joel Anderson. Falk — famous for being Michael Jordan’s agent, representing a roster of other superstars such as Patrick Ewing and Dominique Wilkins, and producing the movie Space Jam — has been […]

Transactions & Financings: Healthpeak’s $600M Senior Note Offering; Resort Lifestyle Communities $36M Construction Loan

Healthpeak Prices $600M in Unsecured Senior Notes Healthpeak Properties (NYSE: PEAK) announced a public offering of $600 million aggregate principal amount of 2.875% senior unsecured notes due 2031. The price to investors was 99.125% of the principal amount of the notes. Healthpeak plans to use the net proceeds from the offering to fund the redemption […]

Senior Housing Deal Underwriting Adapts as Market Passes Peak Volatility

Senior housing capital markets are beginning to show signs of stability, more than two months after the coronavirus pandemic sent the markets into a time of peak volatility. Investors — particularly private equity — are raising funds. Lending is slowly loosening. Temporary expenses such as hazard pay and personal protective equipment (PPE) are separated from […]