Assisted Living Providers Confused, Concerned About Retaining Federal Relief Funds

Assisted living providers are concerned about their ability to retain federal relief funds due to changes in reporting requirements, and industry associations are urging the Department of Health and Human Services (HHS) to address the situation. Argentum and the American Seniors Housing Association on Monday sent a joint letter to HHS Secretary Alex Azar regarding […]

Le Groupe Maurice Eyes U.S. For Expansion, Believes Seniors Want Something New

Le Groupe Maurice has burnished its reputation by developing, owning and operating large senior housing communities in the Canadian province of Quebec — but the company also believes its model would work in the U.S., despite differences between the two countries. The reason why is simple, according to Le Groupe Maurice Founder and President Luc […]

Investors, Developers Cool on Senior Housing as Covid-19 Pandemic Drags On

Last year, it looked as though senior housing would remain among the most attractive real estate prospects for investors and developers in 2020 — then came Covid-19. No doubt spooked by a deadly disease that disproportionately affects older adults, investors and developers turned their attention to other property types when looking ahead to 2021, including […]

Senior Housing M&A Activity Down 44% Compared to 2019 Levels

The coronavirus pandemic is having a deleterious effect on senior housing and care M&A activity – especially when compared to a historic landscape a year ago when all buyers were in the space looking for opportunities. The third quarter of 2020 ended with 58 announced deals totaling $1.48 billion in transaction volume, according to acquisition […]

Senior Housing Construction Outlook Clouded By Contractor Expenses, Capital Availability

The construction industry is in the midst of a fragmented recovery from the disruption caused by Covid-19, mirroring the general economy. Senior housing construction projects with financing in place before the coronavirus swept across the country in the spring are underway, while those announced during the outbreak struggle to secure financing, according to developers who […]

Transactions & Financings: Ziegler’s $123M Deal Volume; HJ Sims’ $135M Expansion Financing

Ziegler completes 3 financing packages totaling $123M Ziegler completed the following financing transactions totaling $122.9 million: Ziegler closed on $47.9 million in Series 2020AB bonds for Heritage Community of Kalamazoo, a life plan community in Kalamazoo, Michigan. Proceeds from the bonds are earmarked for an 60-unit expansion of the campus’ independent living segment, to be […]

Long Stable, Senior Housing CapEx Allocations Must Increase As Stock Ages

For much of the past 20 years, capital expenditure allocations in senior living have been largely trapped in amber. That has changed in recent years. Faced with aging buildings and competition from new communities and operators, CapEx spends have grown gradually since 2015, and even buildings delivered within the past decade are undergoing renovations, Green […]

PGIM Real Estate Provides $460M Loan As Part Of Merrill Gardens Portfolio Acquisition

PGIM Real Estate provided a $460 million loan to help fund the acquisition and recapitalization of a 10-property senior living portfolio operated by Seattle-based Merrill Gardens. The announcement of this financing, made on Thursday by PGIM Real Estate, sheds further light on this deal. Previously, local news sources reported that certain communities had changed ownership, […]