These Factors Indicate a ‘Positive Story’ for Senior Living in 2024

The senior living industry’s occupancy rebound and its demand prospects ahead are two of the biggest indicators that operators will see a better year in 2024. That’s according to Rick Brace, director of AEW Capital Management’s research group. Brace, who recently authored a report on the senior housing industry’s prospects in 2024, said he is […]

Stars ‘Starting to Align’ for New Senior Living Deals as Pricing Reset Takes Hold

Senior living capital markets are in the midst of a pricing reset, and well-positioned ownership groups could see major opportunities to acquire distressed properties ravaged by the Covid-19 pandemic. Senior living capital and debt markets have been disrupted by a grab bag of forces in the last 18 months, including the runway shortening on distressed […]

Transactions & Financings: NewPoint Expands Senior Living Platform; SLIB Facilitates Alabama Sale

Financings NewPoint Real Estate Capital Expands Senior Living Platform NewPoint Real Estate Capital announced that it has expanded its senior living financing offerings to include Fannie Mae and Freddie Mac Optigo senior living loans. This comes about three months after NewPoint formed its seniors housing agency platform to supplement its existing HUD/FHA-focused seniors housing and […]

Merrill Gardens President: Middle-Market Demand Stronger Than Forecast, Universal Worker Key to Our Model

For operators venturing into the middle market, margins are compressed and capital partners need to be mission-driven as well as financially driven. That’s according to Merrill Gardens President Tana Gall, who is blazing trails in the middle market with the company’s Truewood by Merrill platform. And there is still an opportunity for great returns, said […]

Transactions & Financings: New Senior Approves Ventas Merger; Five Star Update; Front Porch’s $306M Refinancing

Five Star Senior Living (Nasdaq: FVE) this week offered a business update, covering its transition of 108 communities to new operators, as well as occupancy improvements for the communities it will continue to operate for Diversified Healthcare Trust (Nasdaq: DHC). Occupancy across the Diversified portfolio ended August at 74.7%, a 100 basis point improvement over […]

Anatomy of a Deal: How Merrill Gardens, AEW Capital, PGIM Completed $700M Acquisition

In the midst of the Covid-19 pandemic last year, Welltower (NYSE: WELL) sold its stake in all 10 Merrill Gardens communities in its senior housing operating portfolio. The Seattle-based owner-operator, and its partner, AEW Capital Management, purchased the portfolio for $700 million. The transaction was brokered by Newmark’s Healthcare & Alternative Real Estate Assets team, […]

Harrison Street Reportedly Raises $720M for Potential $2B Fund; Senior Housing a Target

Harrison Street has reportedly raised $720 million for a new fund to be invested in senior housing and other types of real estate. The fund ultimately could raise up to $2 billion, according to a Nov. 17 filing with the Securities and Exchange Commission (SEC). Chicago-based Harrison Street raised $720 million within 60 days and […]