Senior Living Providers Must Be Vigilant To Keep Property Taxes in Check

While senior housing providers across the country grapple with controlling rising costs from operations and labor, there is one other line item to which they should be paying close attention: property taxes.  Property taxes are a hot button issue across the country, particularly as reforms are being proposed to how commercial real estate is assessed […]

Historic Moment for Senior Housing M&A with All Buyers in the Game

Investor appetite for senior housing has grown to levels that industry finance experts say is unprecedented, in terms of the variety of buyers seeking transactions. What makes this investor landscape historic is no group is sitting on the sidelines, senior living finance and transactions professionals told Senior Housing News. “The buyers market is hitting on […]

Ensign Names CFO for Pennant Group Spinoff

The Ensign Group (Nasdaq: ENSG) hired a new chief financial officer for its coming senior living, home health and hospice spinoff. The Mission Viejo, California-based owner and operator on Tuesday named Jennifer Freeman as CFO of The Pennant Group. She was previously in the same role at Cornerstone Healthcare, Ensign’s home health and hospice arm, […]

From BrightStar to BeeHive, Senior Living Franchise Models Gain Appeal

While franchising is embraced in home care and hospitality — not to mention fast food, rental cars and various other industries — it has been slow to catch on in senior living. But a handful of senior housing companies — including BeeHive Homes, BrightStar Senior Living and Avendelle Assisted Living — are breaking the mold. […]

Transactions & Financings: Bridgewood’s $56M CCRC Refinancing; Mission Senior’s $22M Construction Financing

SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]

Harrison Street Raises $1.6 Billion Fund, Targets Senior Housing

Real estate investment firm Harrison Street has raised $1.6 billion in equity for its latest fund, which will heavily target senior housing investments. Chicago-based Harrison Street hit the fund’s hard cap of $1.3 billion — exceeding the initial target of $950 million — and raised an additional $302.5 million in co-investment vehicles, the firm announced […]

Private Equity Giant KKR Is Benchmark’s New Capital Partner

Global investment firm KKR (NYSE: KKR) is the new financial partner for Waltham, Massachusetts-based senior living provider Benchmark. At the end of July, real estate investment trust Welltower Inc. (NYSE: WELL) announced that it had disposed of its ownership interest in Benchmark for a gross sale price of $1.8 billion. At that time, Welltower and […]

Transactions & Financings: Senior Housing Management Expands Operations; Ensign Acquires in California

JLL advises Welltower on $1.8B Benchmark portfolio sale JLL (NYSE: JLL) represented Welltower (NYSE: WELL) in the Toledo, Ohio-based REIT’s $1.8 billion disposition of 48 properties operated by Waltham, Massachusetts-based Benchmark Senior Living, to an unnamed buyer. The 4,137-unit portfolio consists of 48 assisted living properties located in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island […]