Partnerships USAA, A Place for Mom announce joint relationship A Place for Mom has announced a partnership to provide senior living advisory services to USAA, a veterans services provider with 13 million members. According to a press release, A Place for Mom advisors will offer personalized guidance and recommendations based on knowledge of Veterans Affairs […]
Category: Finance & Development
Senior Lifestyle CEO Jon DeLuca thinks that 2024 will not be the senior living industry’s year for new development. That said, he is not pessimistic about the road ahead. Although Chicago-based Senior Lifestyle has grown to around 125 communities over the years in the affordable and market-rate senior housing sectors — much of that through […]
This content is available as part of your SHN+ membership Third quarter earnings calls highlighted the pain to be inflicted by “higher for longer” interest rates, but the calls also revealed positive trends related to the improving operating environment for senior living. In particular, leaders with Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: […]
Partnerships CLC-Capella partners with Green House Homes Christian Living Communities began a partnership with Green House Homes to provide management support on Nov. 1. Done through CLC’s Capella division, The Green Homes at Mariosal in Loveland, Colorado provide skilled nursing care to 90 residents. CLC – Cappella owns or operates nine other communities in Colorado […]
A senior living investment company is expanding its reach with the announcement of a new, privately-traded real estate investment trust (REIT) that will create better leeway in navigating senior living investment, according to 1031 Crowdfunding CEO Edward Fernandez. On Thursday, 1031 Crowdfunding announced the launch of the Covenant Senior Housing REIT, Inc, which aims to […]
The slow rate of new construction starts and looming demand from the baby boomers have led to “the most favorable supply demand fundamentals the industry has ever experienced,” according to the top leader of Ventas (NYSE: VTR). Thanks to those conditions, Ventas CEO Debra Cafaro laid out that she sees “a compelling backdrop for multi-year […]
Transactions JLL Capital Markets leads $28 million refinancing for Texas community JLL Capital Markets announced that on Oct. 25, it arranged a $28 million senior mortgage for The Landing at Augusta Woods in Spring, Texas. The four year fixed rate loan will be used to refinance an existing construction loan and fund an expansion for […]
A buyer for the largest life plan community in Illinois has been identified and is awaiting court approval on Nov. 8. According to reporting from The Daily Herald, Encore Healthcare Services of New York had met a previously set stalking horse bid for Friendship Village of Schaumburg. The life plan community had filed for Ch. […]
Higher interest rates and billions in debt maturities coming due will aid LTC Properties (NYSE: LTC) as the company’s leaders execute on a growth strategy for the year ahead. The current lending environment favors real estate investment trusts (REIT) like Westlake Village, California-based LTC Properties due to their habit of having “conservative investment strategies” and […]
Transactions Blueprint advises sale of two Philadelphia communities Blueprint worked with a national investor in order to “maximize the value” of two Class A assisted living and memory care communities within the Philadelphia metropolitan area. The communities were opened in 2016 and 2020 and have more than 200 assisted living and memory care units. The […]
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