Pegasus Senior Living Expands Portfolio With Omega Communities Partnership

Pegasus Senior Living has agreed to manage four properties developed by Omega Communities, expanding its portfolio for the first time since taking over operations for 36 former Brookdale Senior Living (NYSE: BKD) buildings last year. Birmingham, Alabama-based Omega is a for-profit company that develops senior living communities in affinity relationships with churches. The four properties […]

Transactions & Financings: Welltower’s Downtown Denver Acquisition; HCP’s Credit Facility Increased

HCP Closes on Upsized $2.5B Credit Facility, New $250M Loan Facility Irvine, California-based health care real estate investment trust HCP (NYSE: HCP) closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility.The amendment and restatement extended the maturity date of […]

Eclipse CEO: Middle-Market Solution Likely to Come From Outside Senior Living

Solving the middle-market challenge in senior living might require disruption from a major player outside of the industry. That’s according to Eclipse Senior Living CEO Kai Hsiao, who moderated a panel discussion of senior living operators during a National Investment Center for Seniors Housing & Care (NIC) investor summit in New York City on Tuesday. […]

Transactions & Financings: CIT Group’s $64M Refinancing; Focus Healthcare Partners’ $65M Virginia Acquisition

CBRE arranges $65 million acquisition financing for Virginia CCRC CBRE National Senior Housing Vice Chairman Aron Will and First Vice President Austin Sacco arranged a $65.2 million acquisition financing package for The Virginian, a 306-unit rental continuing care retirement community (CCRC) in Fairfax, Virginia. Will and Sacco worked on behalf of Focus Healthcare Partners to […]

PGIM Halfway to $750 Million Target with Newest Senior Housing Fund

PGIM Real Estate is raising funds for its latest senior housing at a rapid pace. The Parsippany, New Jersey-based real estate investment firm is more than halfway toward its $750 million fundraising target, with significant contributions from pension funds paving the way. The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to […]

Trimming Annual Rates by $15,000 Would Open Senior Living to Vast Middle Market

Millions more older Americans could afford private-pay senior living and over the next decade if providers find a way to trim average annual cost for residents by $10,000 to $15,000 per resident. That’s according to a new analysis of research on the middle-market opportunities and challenges for the senior living industry. The research — conducted […]

Buckner Partners With Wellness Pioneer, SMU, Noted Chef for $140M Highrise

Buckner Senior Living is opening a $140 million continuing care retirement community (CCRC) in North Dallas with plenty of partnerships meant to attract the next generation of older adults. The 325-unit highrise community, Ventana by Buckner, will offer programming from esteemed wellness organization Cooper Aerobics, five dining venues conceptualized by celebrated chef and restaurateur Stephan […]

Senior Apartments Gain Traction, Skew 10 Years Younger Than Independent Living

Senior-only apartments have emerged as their own product type, which may compete to some degree with independent living but is mostly attracting a different, younger resident.That’s according to JLL’s 2019 Seniors Housing Survey, which reached out to over 1,000 lenders, operators and industry consultants about their confidence in senior living as an investment class through […]