Transactions & Financings: Maxwell Group’s $37M Financing; 2 New York Assisted Living Communities Trade Hands

Masterpiece Living and 3 AgeWell Living communities form strategic partnership Masterpiece Living partnered with three communities operated by AgeWell Living: The Crossings at Eastchase in Montgomery, Alabama; The Crossings at Iron Bridge in Chester, Virginia; and The Chamberlain in Hampton, Virginia. Cushman & Wakefield advises on $37.1M financing for South Carolina assisted living community Cushman […]

Inside Greystar’s New Middle-Market Active Adult Brand and Expansion Plans

Greystar Real Estate Partners has become one of the foremost names in the fast-growing active adult rental sector in recent years, and now the development and management company is expanding in new directions with the launch of its more moderately priced Album brand. Charleston, South Carolina-based Greystar is the largest U.S. operator of multifamily apartments […]

$221M Package Refinances Most of Brookdale’s Near-Term Debt

Brookdale Senior Living (NYSE: BKD) made another move to shore up its financial position during the coronavirus pandemic. The Brentwood, Tennessee-based owner and operator on Thursday announced it obtained a 10-year, $221 million refinancing package for the majority of its outstanding 2020 and 2021 debt maturities. The refinancing was provided by Newmark Knight Frank (Nasdaq: […]

New Senior Living Brand Elevate Blends Neighborhood, Middle-Market Concepts

A new senior living brand is marrying small-neighborhood concepts with more compact designs to make assisted living and memory care more affordable for residents. American Healthcare Management Group is forging ahead with the new assisted living and memory care brand called Elevate. At its core, the concept is meant to be significantly smaller in size […]

What Private Equity Looks for in Senior Living Partners Amid the Pandemic

While the coronavirus pandemic has caused some private-equity investors to slow down and reevaluate their investments in the senior housing industry, there are still plenty of opportunities for new deals to be made. But forging those deals will likely take close alignment between operators, owners and investors — and senior living companies should come to […]

Transactions & Financings: Brookdale Closes $250M Credit Facility; Lancaster Pollard’s $58M Deal Volume

Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]

How Covid-19 Paves The Way For More Senior Living, University Partnerships

Covid-19 is putting pressure on academic institutions, creating a clearer and stronger case for why universities should partner with senior living providers. Senior living affiliations with colleges and universities were gaining traction prior to Covid-19, and industry leaders such as NIC Co-Founder and Nexus Insights President and Founder Bob Kramer and Kendal Corporation President and […]

Developer Berry Cos. Pivots to Senior Housing with $100M Project Involving ‘BBQ Doctor’

Developer The Berry Companies hopes older adults are hungry for a new $100 million senior housing project geared toward active lifestyles it’s serving up in Mount Pleasant, South Carolina. The community, The Retreat at Carolina Park, is planned to have 130 cottages for sale, 234 active adult apartments for rent, 12 attached independent living rental […]

23 Muni Bond Payment Defaults Sets Record for Retirement Community Sector

Twenty-three retirement communities have reported first-time payment defaults on municipal bonds in 2020. Since 2009, the retirement sector has never before posted more than 22 defaults in a given calendar year, according to a recently released report from Municipal Market Analytics (MMA). That previous high of 22 was recorded in 2016. So far in 2020, […]