Canadian senior living operator Revera Inc. is now officially the majority owner of Sunrise Senior Living’s (NYSE: SRZ) management company following the completion this week of a previously announced transaction. The completed transaction arrives two months after Health Care REIT (NYSE: HCN), which owned 20% interest in Sunrise’s management company, agreed to recapitalize its ownership […]
Category: International
China’s massive aging population and a new government policy are meshing well for one developer’s multi-general “mini-city” concept that looks to house 30,000 people of all ages, reports Quartz. M Health China plans to build a mult-gen mini-city in the southwestern city of Chongqing, featuring 30-story high rise complexes designed with the elderly in mind. […]
After recent speculation HCP, Inc. (NYSE:HCP) would be a target for acquisition due to inactivity, reports indicated the REIT is ready and waiting to close in on a new deal—a big one. According to a United Kingdom report this week by HealthInvestor, HCP is getting ready to back Formation Capital’s acquisition of HC-One, a care home […]
While the U.S. demand for senior housing is expected to surge in the coming years, it doesn’t hold a candle to the aging boom in China, a Forbes column writes. Citing recent figures indicating there are about 10,000 people who are seeking senior care for every 12 beds that become available each year, Forbes points […]
A number of global investors are joining local Chinese real estate developers as both look to bank on a senior housing boom sparked by the country’s massive elderly population, Wall Street Journal reports. Global property firms such as Merrill Gardens Related, a joint venture between real estate developer Related Cos. and senior housing operator Merrill […]
In search of high quality and more affordable care for their loved ones, Europeans have turned to exporting their seniors to nearby countries—particularly Poland, Bloomberg reports. The “Grandma Export” trend has been a topic of concern in Germany, where some have denounced it as “gerontological colonialism” and “nations exporting their trash,” writes the Bloomberg article. […]
Columbia Pacific’s China-based affiliate Cascade Healthcare is partnering with one of China’s largest real estate developers and has a more than $100 million pipeline of senior care facilities in the works, including one that will open this year. The partnership with Sino-Ocean Land, announced Tuesday, marks the first time a foreign senior living operator has […]
The U.S. may be a leader in the senior living community industry, but that doesn’t preclude it from taking some cues from other nations’ aging in place models as healthcare providers gear up for a global aging explosion. Worldwide, 1 million people are turning 60 each month. By 2050, the 60+ population will have more […]
Chevalier International Holdings Limited, an investment holding company based in Hong Kong, recently announced plans to acquire a U.S. portfolio of senior housing properties for $124 million (USD), according to ETnet.com.hk. The properties are located in North Carolina and have an aggregate 441,584 square feet. “With the growing aged population and steady rise in healthcare expenditure […]
The international senior living scene is heating up, and developers and investors in other countries are making moves to prepare for the impending wave of baby boomers. Here are a few stories from around the globe, ranging from nearby Canada to India to New Zealand, along with a couple smaller, local deals by American senior […]
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