Senior Living Community to Emulate 1920s with Paid Actors, Opulent Amenities

A forthcoming senior living community hopes to transport residents to the Roaring Twenties with a slate of amenities that includes actors in top hats and coat tails, Cadillac shuttling services and possibly even access to private jets. The property, dubbed The Grand Royale, is coming together in the Kansas City suburb of Gladstone, Missouri. As […]

$4.5 Billion in CMBS Loans Secured by Senior Housing, Delinquencies Possible

A combination of oversupply in some markets and baby boomers entering the senior living space at an older age may adversely impact the future performance of senior housing-backed commercial mortgage-backed securities (CMBS) loans. These loans are performing well at the moment, however, according to a new report by Kroll Bond Rating Agency (KBRA), a New […]

Multifamily Firm Berkshire Residential Targets Senior Housing, Hires Industry Veteran

Berkshire Residential — a Boston-based real estate firm with over $8 billion of assets under management — has set its sights on senior housing. The company has already raised and started to deploy one dedicated senior housing fund, with further fundraising underway. And Berkshire earlier this year hired industry veteran Matthew Whitlock to lead its […]

Transactions & Financings: Sabra Closes $350M Debt Offering; SHN’s $58M Portfolio Sale

Sabra completes $350M debt offering Sabra Health Care REIT (Nasdaq: SBRA) completed an underwritten public offering of $350 million worth of 3.9% senior notes due in 2029. The Irvine, California-based health care real estate investment trust filed a Form 8-K with the Securities and Exchange Commission on October 7, announcing the closing. Proceeds will be […]

Senior Housing Occupancy Ticks Up From Record Low Levels

After a period of historical lows, senior housing occupancy rose on a nationwide basis in the third quarter. Average senior housing occupancy increased to 88%, up 30 basis points from the previous quarter’s 87.7% rate, according to new data from the National Investment Center for Seniors Housing & Care (NIC). But as is always the […]