Management Life Care Services to manage Florida community Life Care Services announced it has been selected as the management partner for Amavida, a resort-style senior living community in Fort Myers, Florida. According to a press release, the community was recently purchased by a private investment firm and offers independent living, assisted living and memory care […]
Category: Finance & Development
Financings Berkadia, Poppy Bank close over $329 million Berkadia Seniors Housing and Healthcare announced it has worked with Poppy Bank to close on over $329 million of bridge debt in April, May and June. According to a press release, the total includes 12 properties totaling 1,597 units. “We are fortunate to have a longstanding relationship […]
Focus Healthcare Partners is seeing an environment that is ripe for new investments and acquisitions following the recent completion of fundraising a $370 million fund. Called Focus Senior Housing Fund II LP, the new fund is around 20% larger than the firm’s previous fund completed in 2021 and took around two years to complete. The […]
Focus Healthcare Partners (FHP) has closed a $370 million fund that will be used to target investments in the private-pay senior housing sector. The fund, Focus Senior Housing Fund II LP, is noted to be 20% larger than the real estate investment and asset firm’s last senior housing fund, according to a press release issued […]
Transactions IRA Capital acquires Seattle community IRA Capital, a California-based private equity firm, announced its acquisition of Quail Park of Lynnwood on June 12. According to a press release, the community is 253 units and was developed in two phases in 2013 and 2020. The release states the all-cash acquisition expands the firm’s healthcare portfolio […]
Management Legend Senior Living increases portfolio to 59 Legend Senior Living announced it has assumed the management of four senior living communities in Florida, bringing its total portfolio up to 59. The communities were previously managed by Harbor Chase and have been renamed to The Gables. The new communities further expand Legend’s footprint within Tallahassee, […]
This article is part of your SHN+ subscription Despite issues with lending and questions about interest rates, 2024 is shaping up to be a relatively steady year for new senior living transactions. Multiple brokers have reported an increasing amount of transaction volume so far in 2024, in line with expectations that the frozen landscape for […]
Many senior living communities across the U.S. are holding off from discounting, reflecting discipline for keeping senior living rates where they are. That’s according to a survey conducted by Bild and Co.The survey is based on market surveys of more than 250 communities across the country. In the first quarter of 2024, 63% of senior […]
Senior living operators slowed down rate increases in the first quarter of 2024 compared with in the past, and discounts are highest right now in independent living. That’s the latest snapshot from NIC MAP Vision, released on June 6. According to the NIC data, independent living operators had grown resident rates 4.2% on average by […]
Management Charter Senior Living now managing 13 Illinois, Wisconsin communities Charter Senior Living announced it is now the management company for 13 senior living communities in Illinois and Wisconsin. According to a press release, the communities were previously managed by Cedarhurst. The announcement follows recent growth from Charter Senior Living, including two gorundbreakings in West […]
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