Two senior living tech companies focused on AI and senior living resident falls have announced successful fundraising rounds. Technology company SafelyYou has announced it closed on $43 million in Series C funding, and AI-enabled light company Nobi closing on $37 million in Series B funding, the companies announced this week. SafelyYou is a company that […]
Category: Finance & Development
This story is part of your SHN+ subscription In 2025, demand is surging. The rate of newly built communities is not. If the industry does not move faster and conditions persist into next year, it will run into challenges as it seeks to grow for the boomer generation. A big development rebound is unlikely for […]
Greene Park Capital has invested in a 225-unit active adult community in the Boston metro area, marking its first foray into the active adult sector. But it won’t be the last, and the company has a $250 million pipeline with which to grow in active adult senior housing. Based in Chicago, the investment firm focuses […]
At the start of 2025, senior living companies are ready to hit the ground running with new development and construction projects. Lenders are not. The senior living industry is currently in a “transitional phase” for new development, NIC Senior Principal Omar Zahraoui told Senior Housing News earlier this month. New permanent loan volume for senior […]
Transactions Senior Resource Group acquires Atria community Senior Resource Group announced it has acquired Atria Mt. Pleasant, a retirement community near downtown Charleston, South Carolina. According to a press release, the community will be renamed to The Artisan Mt. Pleasant. The community features 168 residences for cottages, independent living, assisted living and memory care options […]
Transactions SLIB sells Pennsylvania SNF Senior Living Investment Brokerage announced its involvement in the sale of Mountain View in Coal Township, Pennsylvania on Dec. 31. According to a press release, the community functions primarily as a 271-bed skilled nursing facility with an additional eight independent living units and a memory care neighborhood. The seller is […]
Conditions in 2025 favor life plan communities more than they did in 2024, according to Fitch Ratings. The ratings agency in December 2024 raised its credit outlook for life plan communities to neutral from a previous outlook of “deteriorating” due to improvements in cost inflation of some goods and services and better staffing conditions. Many […]
Transactions Sonida acquires previously unopened community Sonida Senior Living announced it purchased a senior living community located in Cincinnati, Ohio on Jan. 6. According to a press release, the “upscale and amenitized asset” was completed in 2021 but never opened due to a foreclosure on the construction borrower. The community is located adjacent to Sonida’s […]
Transactions Continuum Advisors sells 37-acre campus Continuum Advisors announced its involvement in the sale of The Oaks at Bartlett, a 283-unit senior housing community near Chicago. According to a press release, the 37-acre campus consists of 10 cottages, 154 independent living apartments, 49 assisted living units, 16 memory care units and 54 skilled nursing units. […]
Brookdale has refinanced more than $300 million of its 2027 debt maturities. The company received a $344 million loan under a master credit facility agreement, and the financing was used to repay variable rate debt due September 2027 while increasing Brookdale’s liquidity, according to a press release issued Monday. The principal amount of the new […]
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