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 […]
1031 Crowdfunding
Online real estate investment firm 1031 Crowdfunding has a relatively unique model for investing in the senior living industry — and an ambitious goal to grow within it. The Irvine, California-based company previously shared with SHN a five-year goal of netting $5 billion in assets under management in three years. About 40% of that is […]
Transactions Helios arranges $9 million bridge-HUD loan for Texas senior housing provider Helios Healthcare Advisors announced on Sept. 12 that is has arranged a $9 million bridge-HUD loan for an unnamed Texas senior housing provider. The loan is part of an initiative to “recapitalize the borrower’s” 12-location portfolio, and the loan will be used for […]
An online real estate investment platform is making a splash in senior living over the next five years with a goal of steadily growing its investment holdings in the industry. The company, 1031 Crowdfunding, recently acquired two memory care and AL communities in St. George and Lindon, Utah, totaling 178 units. The properties are operated […]
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